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

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 25, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    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
     
    #1 Crazy Cat, Feb 25, 2010
    Lasted edited by : Sep 8, 2016
  2. blackwidowfx

    blackwidowfx Private

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    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
     
    #2 blackwidowfx, Feb 25, 2010
    Last edited: Feb 25, 2010
  3. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    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.
     
  4. blackwidowfx

    blackwidowfx Private

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    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.
     
  5. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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

    satincs Recruit

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    sluggish news

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

    D. Moser Private

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

    satincs Recruit

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    not triggered

    no trade !
     
  9. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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

    Lucas Gremista Private, 1st Class

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    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.
     

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