Hi there
This is Crazy Cat, with the review of the week.
This week, we were watching 11 economic indicators. 5 of them hit the triggers that I sent to you. Let's review them...
1. Monday, January 04th (04:30 New York time) UK Manufacturing PMI (SUCCESS)
The trigger for this indicator was 1.0. This means that if UK Manufacturing PMI comes out at 53.0 or higher, GBP/USD would probably go up by 30 pips or more in the first 45 minutes of the report. It actually came out at 54.1, and GBP/USD moved up by 65 pips.
Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
2. Tuesday, January 05th (10:00 New York time) US Pending Home Sales (FAILURE)
The trigger for this indicator was 6.1. This means that if the US Pending Home Sales comes out at -9.2 or more negative, USD/JPY would probably go down by 30 pips or more in the first 45 minutes of the report. It actually came out at -16 but USD/JPY went down by only 10 pips, and then it went the other way. However, right before the report USD/JPY was already moving down significantly so this report could be leaked. Anyway, it went the other way by about 35 so I consider it as 35 pips loss although your stop loss should be smaller than that. Please see for yourself what happened on this chart: Forex news trading currency exchange charts
3. Wednesday, January 06th (19:30 New York time) Australian Retail Sales (SUCCESS)
The trigger for this indicator was 0.4. This means that if Australian Retail Sales m/m comes out at 0.8 or more, AUD/USD would probably go up by 40 pips or more in the first 45 minutes of the report. It came out at 1.4 and AUD/USD went up by about 45 pips. Please see for yourself what happened on this chart: Forex news trading currency exchange charts
4. Friday, January 08th (07:00 New York time) Canadian Employment Change (SUCCESS)
The trigger for this indicator was 15. This means that if Canadian Employment Change comes out at 5 or less, USD/CAD would probably go up by 40 pips or more in the first 45 minutes of the report. It came out at -2.6 and USD/CAD went up by about 70 pips. Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
5. Friday, January 08th (08:30 New York time) US Non-Farm Payroll (SUCCESS)
The trigger for this indicator was 70. This means that if US Non-Farm Employment Change comes out at -72.5 or more negative, USD/JPY will probably go down by 50 pips or more in the first 45 minutes of the report. It came out at -85 and USD/JPY went down by about 100 pips. Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
All the reports combined, the price moved by up to 245 pips. If you grabbed only a small part of it, say 20%, that's 50 pips. Even if you grabbed 20 pips, that would be fine.
I certainly made a lot of pips, and I hope you made some pips as well.
If you are just reading it, please keep in mind that when it comes to placing trades in the real market, everything is completely different. These signals are just general expectations of what will happen, whether you can capitalize on them or not is another question.
Have a good weekend!
--Crazy Cat
This is Crazy Cat, with the review of the week.
This week, we were watching 11 economic indicators. 5 of them hit the triggers that I sent to you. Let's review them...
1. Monday, January 04th (04:30 New York time) UK Manufacturing PMI (SUCCESS)
The trigger for this indicator was 1.0. This means that if UK Manufacturing PMI comes out at 53.0 or higher, GBP/USD would probably go up by 30 pips or more in the first 45 minutes of the report. It actually came out at 54.1, and GBP/USD moved up by 65 pips.
Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
2. Tuesday, January 05th (10:00 New York time) US Pending Home Sales (FAILURE)
The trigger for this indicator was 6.1. This means that if the US Pending Home Sales comes out at -9.2 or more negative, USD/JPY would probably go down by 30 pips or more in the first 45 minutes of the report. It actually came out at -16 but USD/JPY went down by only 10 pips, and then it went the other way. However, right before the report USD/JPY was already moving down significantly so this report could be leaked. Anyway, it went the other way by about 35 so I consider it as 35 pips loss although your stop loss should be smaller than that. Please see for yourself what happened on this chart: Forex news trading currency exchange charts
3. Wednesday, January 06th (19:30 New York time) Australian Retail Sales (SUCCESS)
The trigger for this indicator was 0.4. This means that if Australian Retail Sales m/m comes out at 0.8 or more, AUD/USD would probably go up by 40 pips or more in the first 45 minutes of the report. It came out at 1.4 and AUD/USD went up by about 45 pips. Please see for yourself what happened on this chart: Forex news trading currency exchange charts
4. Friday, January 08th (07:00 New York time) Canadian Employment Change (SUCCESS)
The trigger for this indicator was 15. This means that if Canadian Employment Change comes out at 5 or less, USD/CAD would probably go up by 40 pips or more in the first 45 minutes of the report. It came out at -2.6 and USD/CAD went up by about 70 pips. Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
5. Friday, January 08th (08:30 New York time) US Non-Farm Payroll (SUCCESS)
The trigger for this indicator was 70. This means that if US Non-Farm Employment Change comes out at -72.5 or more negative, USD/JPY will probably go down by 50 pips or more in the first 45 minutes of the report. It came out at -85 and USD/JPY went down by about 100 pips. Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
All the reports combined, the price moved by up to 245 pips. If you grabbed only a small part of it, say 20%, that's 50 pips. Even if you grabbed 20 pips, that would be fine.
I certainly made a lot of pips, and I hope you made some pips as well.
If you are just reading it, please keep in mind that when it comes to placing trades in the real market, everything is completely different. These signals are just general expectations of what will happen, whether you can capitalize on them or not is another question.
Have a good weekend!
--Crazy Cat
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