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Forex Signal (Fri, Jan 22, 04:30 am EST) UK Retail Sales m/m

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jan 18, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    This is Crazy Cat writing.

    On Friday, Jan 22nd (04:30 am New York Time) we will have UK Retail Sales m/m coming out. It is expected to read 1.2. Last month it read -0.3 as well.

    This is one of the best reports to trade.

    Please read what this indicator means and how it affects the GBP/USD by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7510-uk-retail-sales.html

    The trigger for this indicator is 0.5. This means that if UK Retail Sales m/m comes out at 1.7 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 0.7 or less, 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 Retail Sales m/m number, we will have UK Retail Sales 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.

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

    For example: on Dec 17th, UK Retail Sales m/m came out at -0.3, versus an expectation of 0.5. GBP/USD went down by around 125 pips. See for yourself what happened on 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 GBP Retail Sales m/m

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Jan 18, 2010
    Lasted edited by : Sep 8, 2016
  2. mechtech63

    mechtech63 Corporal

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    Crazy Cat,

    Awesome trade signal. Made what I wanted and it was excellent! :D

    Always appreciate the good work you put into this.

    Have a great weekend. :)
     

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