Henry Liu
Former FPA Special Consultant
- Messages
- 473
Hello folks:
Sorry for the delay this week, I had a major server issue (not FPA server, but my own server) and I basically spent the entire weekend transferring websites and setting up the new server. So I apologize again for not getting the analysis/overview out on time...
However, with today being a national holiday in the U.S., I think everyone should just take it easy and enjoy the downtime. I believe a little sunshine and few hours in the pool should do wonders for your mindset as we get ready to trade this week.
Here's what happened last week:
1. August 30, 2010 9:30pm EDT - AU Retail Sales - No Trade
Historical Chart & Data
2. August 31, 2010 8:30am EDT - CA GDP m/m - No Trade
Historical Chart & Data
3. August 31, 2010 9:30pm EDT - AU GDP q/q - Trade Triggered 80+ Pips
Historical Chart & Data
4. September 1, 2010 4:30am EDT - UK Manufacturing PMI - Trade Triggered +53 Pips
Historical Chart & Data
5. September 1, 2010 8:15am EDT - US ADP NFP - No Trade
Historical Chart & Data
6. September 1, 2010 10:00am EDT - US ISM Manufacturing PMI - Trade Triggered +45 Pips
Historical Chart & Data
7. September 2, 2010 7:45am EDT - EU Interest Rate - No Trade
Historical Chart & Data
8. September 3, 2010 8:30am EDT - US NFP Employment No Trade (but analysis pointed to a perfect BUY trade on USDJPY which gave +80 pips)
Historical Chart & Data
Total Pips For News Trading = +178 Pips
As far as pre-news trading, I've made a pre-news recommendation on BUY for the AUD/USD before the GDP release. If you got in as close to the bottom of the range, which is around 0.8860, you'd have made about 150 pips before the news release, and if you held on to the trade, you'd probably see 315 pips by Thursday.
Therefore, total potential pips, including my analysis with Pre-news and NFP (which honestly I did say to look at the Private Jobs and Revision), you could potentially make about 408 Pips.
Therefore, following our tradition, we'll do a 75% discount and say that 102 Pips for the first week of September is entirely doable...
If you made more or less than 102 Pips, please share them with me. I'd love to hear from you if you benefitted from my analysis.
Thanks,
Sorry for the delay this week, I had a major server issue (not FPA server, but my own server) and I basically spent the entire weekend transferring websites and setting up the new server. So I apologize again for not getting the analysis/overview out on time...
However, with today being a national holiday in the U.S., I think everyone should just take it easy and enjoy the downtime. I believe a little sunshine and few hours in the pool should do wonders for your mindset as we get ready to trade this week.
Here's what happened last week:
1. August 30, 2010 9:30pm EDT - AU Retail Sales - No Trade
Historical Chart & Data
2. August 31, 2010 8:30am EDT - CA GDP m/m - No Trade
Historical Chart & Data
3. August 31, 2010 9:30pm EDT - AU GDP q/q - Trade Triggered 80+ Pips
Historical Chart & Data
4. September 1, 2010 4:30am EDT - UK Manufacturing PMI - Trade Triggered +53 Pips
Historical Chart & Data
5. September 1, 2010 8:15am EDT - US ADP NFP - No Trade
Historical Chart & Data
6. September 1, 2010 10:00am EDT - US ISM Manufacturing PMI - Trade Triggered +45 Pips
Historical Chart & Data
7. September 2, 2010 7:45am EDT - EU Interest Rate - No Trade
Historical Chart & Data
8. September 3, 2010 8:30am EDT - US NFP Employment No Trade (but analysis pointed to a perfect BUY trade on USDJPY which gave +80 pips)
Historical Chart & Data
Total Pips For News Trading = +178 Pips
As far as pre-news trading, I've made a pre-news recommendation on BUY for the AUD/USD before the GDP release. If you got in as close to the bottom of the range, which is around 0.8860, you'd have made about 150 pips before the news release, and if you held on to the trade, you'd probably see 315 pips by Thursday.
Therefore, total potential pips, including my analysis with Pre-news and NFP (which honestly I did say to look at the Private Jobs and Revision), you could potentially make about 408 Pips.
Therefore, following our tradition, we'll do a 75% discount and say that 102 Pips for the first week of September is entirely doable...
If you made more or less than 102 Pips, please share them with me. I'd love to hear from you if you benefitted from my analysis.
Thanks,
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