Thursday September 15, 2011 NY TIME 4:30am EDT – UK Retail Sales

Stavro D'Amore

Former FPA Special Consultant
Messages
547
Hi All,

Today we have UK retail sales. Retail sales has had a bearish out look recently, however I'am assuming that a negative result could be factored in the price. Please stay diligent with this report should we have a negative figure.

UK Retail Sales
Forecast 0.2%
Previous 0.2%
Pair to trade: GBP/USD
Estimated Pips: 40 pips on initial spike

The numbers we will look for:
BUY GBP/USD at 0.3%
SELL GBP/USD at -0.7%

Economical Impact: High (will bring strong volatility)
Typical Result: Good for currency
Occurrence: Released monthly, about 20 days after the month ends

Previous release range

piprange15911.jpg



About our Triggers:
We will be looking for a deviation of 0.5 % to BUY GBP or SELL GBP/USD.
If our deviation is hit, there is a strong possibility that the market will move 40 pips on spike immediately; there is a good chance that we will get a 30% retracement before entering if we miss the spike.

What is it? Why does the market care?
The Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the UK. It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the UK economy.

A higher than expected reading should be taken as positive/bullish for the GBP,
A lower than expected reading should be taken as negative/bearish for the GBP.

Method I use to trade this:
Stavro D’Amore Trading Method

Pre News
There is no pre news for this release

Spike Trading
I do recommend spike trading as an option if you have an Auto clicker.
Please use limit orders or bounds set to 15 pip entry

After Spike
I will look for a 30% retracement in the original spike before entering a trade; I will only enter spike if my triggers are hit. I will close half my position as soon as I hit the original high point of the first initial spike and place a SL at entry price. I will also look for volume and MA indicators to decide if the spike is to reverse.

My TP level would be just before a resistance level or if the chart decides to form a support level, looking at a 15 minute chart time frame. I expect to be in this trade for a total of 30 mins.

Historical Chart and Data UK Retail Sales

All the best

Stavro D’Amore
 
Last edited by a moderator:
GBP Retail sell

dear sive,

i am a newbie , i need to know if the previous and the actual , i need to buy or sell example gbpusd -2% previous and actual -2%

thanks sive your asst highly appriciate

shah
 
dear sive,

i am a newbie , i need to know if the previous and the actual , i need to buy or sell example gbpusd -2% previous and actual -2%

thanks sive your asst highly appriciate

shah

Sorry I'm Stavro D'Amore Not Sive.
Sive provides Euro Signals.

If your using an auto clicker you are looking at the deviation difference.

regards

Stavro D'Amore
 
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