Forex Signal (Fri, Jan 29, 09:42 am EST) Chicago PMI

Crazy Cat

Former FPA Special Consultant
Messages
753
Hi there :)

This is Crazy Cat writing.

On Friday, January 29th at 09:42 am New York Time we will have US Chicago PMI coming out. It is expected to read 57.0. Last month it read 58.7.

I recommend trading USD/JPY for this report.

Please read what this indicator means and how it affects the USD/JPY by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7679-us-chicago-pmi.html

The trigger for this indicator is 7.1 This means that if Chicago PMI comes out at 64.1 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 49.9 or less, 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.

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

For example: on September 30th, US Chicago PMI came out at 46.1, versus an expectation of 52. USD/JPY went down by around 20 pips. See for yourself what happened on this chart: Forex News Trading | Details and History for USD Chicago PMI

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 Chicago PMI

Also, in order to get the number at 9:42, not 9:45, you need to have a special news subscription that I don't personally have so I will not trade it myself. Besides, currently it does not make a lot of pips anyway so feel free to skip it as well.

That's all for this week, have a good weekend!
-Crazy Cat
 
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Ralph Stone

Recruit
Messages
3
please tell me

where can I see the actual numbers of the reports on time-to be able to use them for my trades, thank you
 

charlie4biz

Recruit
Messages
2
If the actual comes out inbetween what will i do

Is it possible for the trigger not to be met and the actual to come out at 60.1 or higher but not up to the predicted actual or 52.4 or lower but not up the predicted actual. what will i do or how do i place my trade and how many pips.

Recruit Charles:)
 
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