Forex Signal (Fri, Feb 26, 04:30 am EST) UK GDP q/q

[Crazy Cat]

Hi there

On Friday, Feb 26th (04:30 am New York Time) UK we will have UK GDP q/q coming out. It is expected to read 0.2. Last time it read 0.1.

This is not so important report because this is a second release. I want to see 0.2 deviation to enter a trade; the problem is it is 2nd number don't deviate often...

The trigger for this indicator is 0.2. This means that if UK GDP q/q comes out at 0.4 or higher, GBP/USD will probably go up by 40 pips or more in the first 45 minutes of the report. If it comes out at 0.0 or lower, GBP/USD will probably go down by 40 pips or more in the first 45 minutes of the report.

Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

In addition to the UK GDP q/q we will have UK GDP y/y coming out. If they conflict, I recommend skipping the trade, but since m/m is part of y/y number, and our trigger is quite large, the conflict is almost impossible.

I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for GBP GDP q/q

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

 

[blackwidowfx]

Gbpusd

GBPUSD first support is comming only on 1.5067.

GDP only may triger to test that level.

If 1.5070/50 will be broken then next target 1.4396

 

[Crazy Cat]

GBPUSD first support is comming only on 1.5067.

GDP only may triger to test that level.

If 1.5070/50 will be broken then next target 1.4396

It has been over 24 hours when I posted the message. Who knows here GBP/USD will be right before the news.... It's too early to say anything.

 

[blackwidowfx]

GBPUSD - crazy kiti

In your recomendations you did not give any entry points, just swing trade recomendations if then - "news trading", I don't belive anymore in news trading, simply chart reading makes more sence.

 

[Crazy Cat]

In your recomendations you did not give any entry points, just swing trade recomendations if then - "news trading", I don't belive anymore in news trading, simply chart reading makes more sence.

well, it's not for everybody, but it is certainly a nice source of my income...

 

[satincs]

sluggish news

this news wasn't so fast so i got an entry, so lets c ...

 

[D. Moser]

this news wasn't so fast so i got an entry, so lets c ...

Hmmm, this was posted before the q/q report data was released? You might want to reconsider the position you took!

 

[satincs]

not triggered

no trade !

 

[Crazy Cat]

no trade !

well, I think it's great it was a no trade No trade is always better than a buy on dropping price...

 

[Lucas Gremista]

Crazy Cat

I beg your pardon for my question but...

What's the difference between the signals that you send us here at FPA from the ones from Forex Diamonds? I could see you're one of them.