Forex Signal (Thu, Nov 5, 10:00 am EST) Canadian IVEY PMI

[Felix Homogratus]

Hi there

This is Felix with yet another potentially profitable trading opportunity...

Thursday, November 5th (10:00 am New York Time) Canada

We have Canadian Ivey PMI coming out. It is expected to read 60.1. Last month it read 61.7.

Please read what this indicator means and how it affects the Great British Pound by going to this link: https://www.forexpeacearmy.com/fore...ator-descriptions/7398-canadian-ivey-pmi.html

The trigger for this indicator is 1.0. This means that if the Ivey PMI comes out at 61.1 or better, USD/CAD will probably go down by 40 pips or more in the first 30 minutes of the report. If it comes out at 59.1 or worse, USD/CAD will probably go up by 40 pips or more in the first 30 minutes of the report.

Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move. But I love this indicator. The move is usually very slow and steady with almost no retracements.

Click here to read my after-spike retracement strategy for this report: https://www.forexpeacearmy.com/fore...vey-pmi-after-spike-retracement-strategy.html

For example: on September 4th, Canadian Ivey PMI came out at 55.7, versus an expectation of 54.5. It was a great money making opportunity. See for yourself what happened on this chart: Forex news trading currency exchange charts

It is best to see for yourself the history of this report and the charts of how it affected the USD/CAD and other currencies. This way, you may possibly come up with even better trigger and trading strategy than what I am suggesting to you in this signal. Here is the link for that: Forex News Trading | Details and History for CAD IVEY PMI

As always, wait for my email this Friday, where I will review all successful trades of the week.

I hope you make some money on this report
-Felix

 

[cosmopolit]

We have Canadian Ivey PMI coming out. It is expected to read 60.1. Last month it read 61.7.

Please read what this indicator means and how it affects the Great British Pound by going to this link: https://www.forexpeacearmy.com/fore...ator-descriptions/7398-canadian-ivey-pmi.html

Why, on earth, Canadian Ivey PMI should affect GBP?

 

[jeffh]

did the oppposite

this trade did quitte the opposite it rallied 40 pips instead of dropped, total of 70 pips lost for me today on this and the other trade

 

[Ricardo Fernandez]

you're not alone

yes... **** happens :unhappy:
At least I only lost yesterday's earnings... it was a bad day today.

 

[charleyhankins]

It dropped a nice little chunk right before the announcement. Think they sold the rumour and bought the news?