Forex Trading Signal 06/22/09

Crazy Cat · (#1 (**permalink**))

Hey folks,

Just a quick text signal tonight as I find myself without enough time to put together a full video signal. So far I see no major reasons to shift the overall short focus, so I recommend holding short EU, GU, Stocks and Gold if in on a position trade and/or looking to short on bounces for medium to long term trades. With a lot of focus this week on the very large US Treasury offerings, one might think bonds will sell off, yields will rise, and the USD will be weak; however, everyone has seen this coming and priced it in, so I think it's far more likely the opposite will happen. Because of all this psychology, we could see a bit of continued bounce on Monday before the short side takes over again. Friday's CAD Retail Sales nearly hit our buy trigger level but performed nicely if you were patient churning steadily upwards about 100 pips over the course of 75 minutes. Had you gotten out after 45 minutes, you were still 45 pips above prerelease. This was more of a case of being in the right place at the right time as the late surge came more on the back of USD strength than CAD weakness. For Monday 6-22 there's one trade worth watching:

0400 German IFO Business Climate (about 85.0 expected) - This indicator has been giving some decent signals lately and should be good for about 40 pips in the first 15 minutes, and could see more follow-through if the USD can get going along with it.
If it comes out at 84.1 or lower, EUR/USD should fall 40 pips.
If it comes out at 85.9 or higher, EUR/USD should rise 40 pips

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miloslav999 · (#2 (**permalink**))

Hi , where are your SL for GU and EU short?
Thank you
Milo

yappyzk · (#3 (**permalink**))

Ouch, this instantly went against the number. wrong direction, what happened?

reres · (#4 (**permalink**))

what the hell happened? i used your 0.9 trigger and lost half my account???

matjazz · (#5 (**permalink**))

WTF? What was with this news??? I lost a LOT! Anyone alse?

Ricardo Fernandez · (#6 (**permalink**))

Ouch!!!

What a bad luck!!!

I've been following this signals for a lot of time in a demo account with EXCELENT results, this was my first trade on a real account...

lost 10% of my money... so sad.

well, we must learn to withstand losses

what happened sirpips???

blackwidowfx · (#7 (**permalink**))

GOLD - Sell until 900.

925 broke, next to test 915 then 900.

iztok · (#8 (**permalink**))

Quote:

Originally Posted by matjazz

WTF? What was with this news??? I lost a LOT! Anyone alse?

Ojla !
In sell from 1,3899 so no probleme with that German news.
As many other s I also see some level about 1,35 in 2 weeks.

Iztok
the best way to predict future is to create one

Mark Harding · (#9 (**permalink**))

Sir Pips advises only risking 2% on trades like this - that should be all you could have lost...

yappyzk · (#10 (**permalink**))

I just want to know what happened here? Can anyone say?

This should have gone up not down, the number came out better than expected.