1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Forex Signal 11/4/09 Wed. 8:15 am EST US ADP Employment

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Nov 4, 2009.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

    Joined:
    Oct 1, 2007
    Messages:
    153
    Likes Received:
    5
    Hi there :)

    This is Felix with yet another potentially profitable trading opportunity...

    Wednesday, November 4th (08:15 am New York Time) US

    We have US ADP Employment coming out. It is expected to come out at -197.50. Last month it came out at -254.

    Please read what this indicator means and how it affects the US dollar by going to this link: http://www.forexpeacearmy.com/forex...criptions/7374-us-adp-nonfarm-employment.html

    The trigger for this indicator is 100. This means that if the ADP Employment comes out at -97.50 or less negative, USD/JPY will probably go up by 50 pips or more in the first 30 minutes of the report. If it comes out at -297.50 or more negative, USD/JPY will probably go down by 50 pips or more in the first 30 minutes of the report. If you miss the initial spike, don't worry, you can still make money on the after-spike move. Click here to read my after-spike retracement strategy for this report: http://www.forexpeacearmy.com/forex...loyment-after-spike-retracement-strategy.html

    For example: on May 6th, US ADP Employment came out at -491, versus -645 expected. It was a great money making opportunity for both trying to catch the initial spike and the after-spike retracement strategy. See for yourself what happened on this chart: Forex news trading currency exchange charts

    It is best to see for yourself the history of this report and the charts of how it affected the USD/JPY and other currencies. This way, you may come up with even a better trading strategy than I am suggesting to you in this signal. Here is the link for that: Forex News Trading | Details and History for USD ADP Nonfarm Employment Change

    As always, wait for my email this Friday, where I will review all successful trades of the week.

    I hope you make some money on this report
    -Felix
     
    #1 Felix Homogratus, Nov 4, 2009
    Lasted edited by : Sep 8, 2016
  2. nilesh

    nilesh Recruit

    Joined:
    Nov 1, 2009
    Messages:
    1
    Likes Received:
    0
    thank you Felix you are doing a great service to newbie forex traders!
     
  3. JasonB

    JasonB Recruit

    Joined:
    Sep 30, 2009
    Messages:
    2
    Likes Received:
    0
    A little clarification please.....?

    :err:Felix

    You are suggesting that on possitive numbers (-97k or less) the USD will go up and on poor numbers the USD will go down. This appears to be the reverse to what has happened in recent months?

    Last month the increase was approx 50k (-254k compared to a forecast of -200k) worse than expected and as a result the USD appreciated in value against the GBP?

    Thanks
     
    #3 JasonB, Nov 4, 2009
    Last edited: Nov 4, 2009
  4. popularhelen

    popularhelen Recruit

    Joined:
    Apr 21, 2009
    Messages:
    5
    Likes Received:
    0
    thanks

    i enjoyed the australia retail sales yesterday after i read your strategy. well done
     

Share This Page