Forex Signal Tuesday Jan 05th at 10:00 am EST US Pending Home Sales

[Crazy Cat]

Hi there

On Tuesday, January 05th at 10:00 am New York Time we will have US Pending Home Sales coming out. It is expected to come out at -3.1 Last month it came out at 3.7.

Please read what this indicator means and how it affects the US dollar by going to this link: https://www.forexpeacearmy.com/fore...-descriptions/7328-us-pending-home-sales.html

The trigger for this indicator is 6.1. This means that if the US Pending Home Sales comes out at 3.0 or more, USD/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at -9.2 or more negative, USD/JPY will probably go down by 30 pips or more in the first 45 minutes of the report. If you miss the initial spike, don't worry, you can still make money on the after-spike move. Click here to read after-spike retracement strategy for this report:
https://www.forexpeacearmy.com/fore...e-sales-after-spike-retracement-strategy.html

For example: on November 2nd, US Pending Home Sales came out at 6.1, versus 0 expected. It was a great money making opportunity. See for yourself what happened on this chart: Forex news trading currency exchange charts

However, this report either reacts really well or does not react at all. Be prepared that USD/JPY may not move a lot even with a huge deviation.

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

I hope you make some money on this report
-Crazy Cat

 

[angela]

Thanks

I love the after spike strategy; is an excellent second chance.

Thanks and happy 2010 for everyone!!!

Angie

 

[puneet kaushik]

various forecasts

hi,

there is always some points of difference between various forecast on each forex site. in such a case which one should i follow. i usually stick to FPA forecast.

 

[puneet kaushik]

the result was -16 usd/jpy should have gone down but did not. any reason ??

 

[Jim Harper]

Looks like we were about 5 minutes late on the news! Glad I was just using a demo account this time. Anybody know why there was such a drastic difference?

 

[wqfwqf]

You have said:In the case of US ISM Manufacturing, which usually comes out together with Pending Home Sales???
But they didn't come out together
US ISM Manufacturing:2010.1.4 10:00
Pending Home Sales:2010.1.5 10:00

 

[Crazy Cat]

You have said:In the case of US ISM Manufacturing, which usually comes out together with Pending Home Sales???
But they didn't come out together
US ISM Manufacturing:2010.1.4 10:00
Pending Home Sales:2010.1.5 10:00

Usually does not mean always....

 

[Crazy Cat]

the result was -16 usd/jpy should have gone down but did not. any reason ??

Well, it seems it's hard to surprise the market now with the bad data. But looking at the price action right before the report (2-3 minutes) it looks like it was leaked. Who knows, but either way the price was already way lower than it should be.

Still, it was a failing report.

 

[vbear]

lost

I traded according to the signal which triggerd. But USD/JPY went up instead. Any thing that I missed out or misinterpreted?