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Forex Signal (Fri, Jan 08, 7:00 am EST) Canadian Employment

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jan 7, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Sep 30, 2007
    Likes Received:
    Hi there :)

    This is Crazy Cat with a potentially profitable trading opportunity...

    Friday, January 08th (7:00 am New York Time) Canada

    We have Canadian Employment Change coming out. It is expected to read 20. Last month it read 79.1.

    I recommend trading USD/CAD for this report.

    Please read what this indicator means and how it affects the USD/CAD by going to this link: http://www.forexpeacearmy.com/forex...riptions/7399-canadian-employment-change.html

    The trigger for this indicator is 15. This means that if Canadian Employment Change comes out at 35.0 or more, USD/CAD will probably go down by 40 pips or more in the first 45 minutes of the report. If it comes out at 5 or less, USD/CAD will probably go up by 40 pips or more in the first 45 minutes of the report.

    We will also have Canadian Unemployment Rate coming out. A 0.2 deviation on it is a significant deviation but the good news is typically they don't conflict each other.

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

    To read the after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...-change-after-spike-retracement-strategy.html

    For example: on December 4th, Canadian Employment Change came out at 79.1, versus an expectation of 15. USD/CAD went down by around 70 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts

    I highly recommend you study the entire history and charts of this report by following this link:
    Forex News Trading | Details and History for CAD Employment Change m/m

    I hope you make some money on this report.
    -Crazy Cat
    #1 Crazy Cat, Jan 7, 2010
    Lasted edited by : Sep 8, 2016
  2. habrys

    habrys Private, 1st Class

    Dec 14, 2009
    Likes Received:
    Just made 33 pips on this, even if the trigger didn't really fire (I straddle). Very nice...

    Thank you for these excellent posts, Crazy Cat.

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