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Forex Signal (Fri, Jan 29, 08:30 am EST) US Annualized GDP

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jan 28, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    This is Crazy Cat writing.

    On Friday, January 29th at 08:30 am New York Time we will have US Annualized GDP coming out. This is the first reading, and usually the big moves happen on the first reading, and the revisions cause much smaller moves. In any case, it is expected to read 4.5. Last month it read 2.2.

    Please read what this indicator means and how it affects the USD/JPY by going to this link: http://www.forexpeacearmy.com/forex...ator-descriptions/7616-us-gdp-annualized.html

    The trigger for this indicator is 0.4. This means that if US Annualized GDP comes out at 4.9 or higher, USD/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 4.1 or lower, USD/JPY will probably go down by 30 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 Annualized GDP number, we will have Core PCE and GDP Deflator coming out. Both of them measure prices and thus are inflationary indicators. If they conflict, I recommend skipping the trade but most likely there will be no conflicts.

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

    For example: on October 29th, we had the first reading coming out. The annualized GDP came out at 3.5, versus an expectation of 3.2. USD/JPY went up by about 70 pips although it did not hit my trigger. 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 USD GDP Annualized

    However, keep in mind that first readings produce bigger spikes than second or final readings so you cannot compare two months next to each other.

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Jan 28, 2010
    Lasted edited by : Sep 8, 2016
  2. krisz020

    krisz020 Recruit

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    Error!

    "US Annualized GDP comes out at 5.9 or higher" 5.9????? 4.9 is not it?
     
  3. mechtech63

    mechtech63 Corporal

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    It would be nice to know what other months were first readings, so we can compare those charts. So far, looking at all charts for 2009, none look any good except for October. This doesn't look like a good opportunity with the odds at 1 in 12.
     
  4. LEXngton

    LEXngton Corporal

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    The Advanced reading occurs every 3 months therefore if you want to see the last Advanced GDP chart simply count back 3 months from the current month, so the last Advanced reading was in October 2009.
     
  5. sheddy

    sheddy Recruit

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    am new to news trading

    crazy cat or any experienced new trader pls,i need u to explain news trading and how it shud work to me. the spike trading and the 45mins.if for example they say the eur/usd will move 2opips in its first 45mins wat is gonna be the spike move and the the traded 45mi9ns move.pls i need an ans
     
  6. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    right, 4.9. Sorry for the typo.
     
  7. Boko Maru

    Boko Maru Sergeant

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    Try Welcome to Profit Mongers!. A service that Crazy Cat is a part of, and they specialize in all of these news trades. A subscription service, but there's a 2 week trial for $29.95. Most if not all of your news trading questions can be answered and addressed there. It's just way too much to explain in a forum post...
     
  8. sheddy

    sheddy Recruit

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    am confused

    i use secret news weapon but i just got it this week. pls wen trading the news and the auto-click places my orders for me wen do i need to close the trade for profit do i need to watch the chart to exit or to just exit in 45mins. and how do i no my targets
     
  9. habrys

    habrys Private, 1st Class

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    Yes, you have to do it manually or use preset TP (in your brokers platform). I usually wait for the goal from the post of Crazy Cat to be achieved. If he says "40 pips", I close when the pair moved 40 pips from the price before news release. Often the price gets higher/lower and I could make more money if I waited longer, but I prefer to stay on the safe side. Sometimes it retraces hard though and then I'm thankful, my order has been closed before :)

    Be careful: usually it doesn't mean say 40 pips profit in your opened position - since usually you'll get filled 10-15 pips away from the pre-news-release price on the very fast moving market.

    On the other side I use 20-30 pips SL - in case something goes wrong. 20 pips for less important news (30-50 pips of expected move if trigger hit), 30 pips for the "bigger" ones (50-100 pips of expected move). It's nearly never hit though :)

    Works just fine for me.
     
  10. jacenty007

    jacenty007 Private

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    habrys,

    do U use secret news weapon for news trading?
     

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