Hi there
This is Crazy Cat, with the review of the week.
This week, we were watching 8 economic indicators. 2 of them hit the triggers that I sent to you. Let's review them...
1. Tuesday, January 19th (04:30 New York time) UK CPI (SUCCESS)
The trigger for this indicator was 0.2. This means that if UK CPI m/m comes out at 2.8 or higher, GBP/USD will probably go up by 35 pips in the first 45 minutes of the report. It actually came out at 2.9, and GBP/USD moved up by about 40 pips.
Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
The deviation was really nice and the price spiked up nicely. After some retracement, there was a room for a second waive.
2. Friday, Jan 22nd (04:30 am New York Time) UK Retail Sales m/m
(SUCCESS)
I said if it comes out at 0.7 or less, GBP/USD will probably go down by 40 pips or more in the first 45 minutes of the report. It actually came out at 0.3, and GBP/USD moved by exactly 40 pips.
Believe it or not, my alarm clock did not work and I woke up half hour after the report. I was so mad at myself I could not go back to sleep because it was a really great opportunity to make money, and I was looking forward it entire week. At least I made some money on the UK CPI so it was a good week anyway.
I hope you had better luck and you made some money on it.
If you want to see what happened, here is the chart:
Forex news trading currency exchange charts
Have a good weekend!
--Crazy Cat
This is Crazy Cat, with the review of the week.
This week, we were watching 8 economic indicators. 2 of them hit the triggers that I sent to you. Let's review them...
1. Tuesday, January 19th (04:30 New York time) UK CPI (SUCCESS)
The trigger for this indicator was 0.2. This means that if UK CPI m/m comes out at 2.8 or higher, GBP/USD will probably go up by 35 pips in the first 45 minutes of the report. It actually came out at 2.9, and GBP/USD moved up by about 40 pips.
Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
The deviation was really nice and the price spiked up nicely. After some retracement, there was a room for a second waive.
2. Friday, Jan 22nd (04:30 am New York Time) UK Retail Sales m/m
(SUCCESS)
I said if it comes out at 0.7 or less, GBP/USD will probably go down by 40 pips or more in the first 45 minutes of the report. It actually came out at 0.3, and GBP/USD moved by exactly 40 pips.
Believe it or not, my alarm clock did not work and I woke up half hour after the report. I was so mad at myself I could not go back to sleep because it was a really great opportunity to make money, and I was looking forward it entire week. At least I made some money on the UK CPI so it was a good week anyway.
I hope you had better luck and you made some money on it.
If you want to see what happened, here is the chart:
Forex news trading currency exchange charts
Have a good weekend!
--Crazy Cat
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