Felix Homogratus
Commander in Chief
- Messages
- 153
This is Felix.
If you wish to watch the video, just click on it, and then click on "play" icon.
Earlier today we had ISM Manufacturing coming out. I told you about a possible buy on GBP/USD if it reads 50 or below but it read 50.9 so it did not hit my trigger so that was a no trade.
We will have two things happening tomorrow.
1. Friday, November 2nd, 2007 (7:00 a.m. New York Time) CANADA
At 7 a.m. New York time we will have Canadian Employment Change. It is expected to read about 12 K versus 51.1 K last month. I think if it reads 0 or negative, it would be a pretty surprising reading, and I think USD/CAD may possibly go up by 40 pips or more in the first 30 minutes of the report. On the other hand, if we see a reading of 30 K or above that would be a relatively high reading, and based on that I think USD/CAD may possibly go down by 40 pips or more in the first 30 minutes of the report. Of course, much larger deviations may cause even bigger moves.
SUMMARY:
* Report: Canadian Employment Change
* Buy on USD/CAD if the number will be 0 or negative
* Sell on USD/CAD if the number will be 30 K or higher
* If the trigger is hit, expect 40 pips or more in the first 30 minutes of the report.
2. Friday, November 2nd, 2007 (8:30 a.m. New York Time) USA
Then at 8:30 a.m. New York time we will have U.S. Non-Farm Payroll coming out. It is expected to come out at 82 K. If it reads 120 K or more, that would be even better reading than last month, and it would signify a relatively OK employment market in the U.S., and we may see GBP/USD going down by 50 pips or more in the first 30 minutes of the report. On the other hand, if it reads 40 K or below, I think based on that GBP/USD may possibly go up 50 pips or more in the first 30 minutes of the report because that would be bad for the U.S. dollar.
SUMMARY:
* Report: U.S. Non-Farm Payroll
* Sell on GBP/USD if the number will be 120 K or more
* Buy on GBP/USD if the number will be 40 K or worse
* If the trigger is hit, expect 50 pips or more in the 30 minutes of the report.
For both of these indicators I would wait for the spike, and try to get in after the spike - probably within 15 pips of the pre-release price unless the deviation is bigger.
If you have not been to my www.ForexDiamonds.com website, I strongly recommend you to go there. This is a place where you can trade live with me or one of my trading partners. I strongly recommend you to take advantage of our 21 days trial. Try this service, learn as much as you can during these 21 days, and if you want to stay, you will continue paying for using this service; if you don't like it, then you will get your money back. I believe everyone should try it and elevate his/her news trading skills to a higher level by being able to trade live with us during these news announcements. We don't mess around, we tell exactly as it is, exactly where we enter, exactly where we exit so this is a very powerful educational experience in the real market with live entries and exits.
Let's make some money tomorrow. Have a nice day and thank you very much.
To Our Success!
-Felix Homogratus
If you wish to watch the video, just click on it, and then click on "play" icon.
Earlier today we had ISM Manufacturing coming out. I told you about a possible buy on GBP/USD if it reads 50 or below but it read 50.9 so it did not hit my trigger so that was a no trade.
We will have two things happening tomorrow.
1. Friday, November 2nd, 2007 (7:00 a.m. New York Time) CANADA
At 7 a.m. New York time we will have Canadian Employment Change. It is expected to read about 12 K versus 51.1 K last month. I think if it reads 0 or negative, it would be a pretty surprising reading, and I think USD/CAD may possibly go up by 40 pips or more in the first 30 minutes of the report. On the other hand, if we see a reading of 30 K or above that would be a relatively high reading, and based on that I think USD/CAD may possibly go down by 40 pips or more in the first 30 minutes of the report. Of course, much larger deviations may cause even bigger moves.
SUMMARY:
* Report: Canadian Employment Change
* Buy on USD/CAD if the number will be 0 or negative
* Sell on USD/CAD if the number will be 30 K or higher
* If the trigger is hit, expect 40 pips or more in the first 30 minutes of the report.
2. Friday, November 2nd, 2007 (8:30 a.m. New York Time) USA
Then at 8:30 a.m. New York time we will have U.S. Non-Farm Payroll coming out. It is expected to come out at 82 K. If it reads 120 K or more, that would be even better reading than last month, and it would signify a relatively OK employment market in the U.S., and we may see GBP/USD going down by 50 pips or more in the first 30 minutes of the report. On the other hand, if it reads 40 K or below, I think based on that GBP/USD may possibly go up 50 pips or more in the first 30 minutes of the report because that would be bad for the U.S. dollar.
SUMMARY:
* Report: U.S. Non-Farm Payroll
* Sell on GBP/USD if the number will be 120 K or more
* Buy on GBP/USD if the number will be 40 K or worse
* If the trigger is hit, expect 50 pips or more in the 30 minutes of the report.
For both of these indicators I would wait for the spike, and try to get in after the spike - probably within 15 pips of the pre-release price unless the deviation is bigger.
If you have not been to my www.ForexDiamonds.com website, I strongly recommend you to go there. This is a place where you can trade live with me or one of my trading partners. I strongly recommend you to take advantage of our 21 days trial. Try this service, learn as much as you can during these 21 days, and if you want to stay, you will continue paying for using this service; if you don't like it, then you will get your money back. I believe everyone should try it and elevate his/her news trading skills to a higher level by being able to trade live with us during these news announcements. We don't mess around, we tell exactly as it is, exactly where we enter, exactly where we exit so this is a very powerful educational experience in the real market with live entries and exits.
Let's make some money tomorrow. Have a nice day and thank you very much.
To Our Success!
-Felix Homogratus
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