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Forex Signal (Fri, March 19, 08:30 am EST) Canadian Core Retail Sales m/m

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

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    On Friday, March 19th, at 08:30 am New York Time we will have Canadian Core Retail Sales m/m coming out. It is expected to read 0.5. Last month it read 0.4.

    Please read what this indicator means and how it affects the USD/CAD by going to this link: http://www.forexpeacearmy.com/forex...-descriptions/7615-canadian-retail-sales.html

    This is not a big mover, and for now I typically skip this report as well. You may try to scalp a few pips but I don't like this report to trade so I am going to pass it. We will see, who knows, maybe it will surprise this time. To be honest, I don't like surprises so it's not for me...... :)

    If you want to trade it, the trigger for this indicator is 0.7. This means that if Canadian Core Retail Sales m/m comes out at 1.2 or higher, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report. If it comes out at -0.2 or more negative, USD/CAD will probably go up 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 Canadian Core Retail Sales m/m number, we will have regular Canadian Retail Sales m/m coming out. If they conflict, I recommend skipping the trade, but usually they don't conflict, since core retail sales is part of regular retail sales, except it doesn't include volatile items such as energy and food.

    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 November 23rd, Canadian Core Retail Sales m/m came out at 1.1, versus an expectation of 0.4. USD/CAD went down by about 50 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 CAD Core Retail Sales m/m

    I hope you make some money on this report. It's a no trade for me.
    -Crazy Cat
     
    #1 Crazy Cat, Mar 18, 2010
    Lasted edited by : Sep 8, 2016
  2. Lawrence Petersen

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    45min after report.( new York time 8.30am)

    I need to know how would I get to know when this report be annouced. I am
    abu dhabi UAE.
    I seem to miss all the reports or login to late for entering trade.
    thanks forall the advise you sending but cant do trading due to reports I miss.

    Regards

    Lawrence
     
  3. Lucas Gremista

    Lucas Gremista Private, 1st Class

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  4. West Coast Pips

    West Coast Pips Sergeant

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    I suggest you look at this very user friendly website: Forex Calendar @ Forex Factory. It also ranks those very important releases to not so important (red - yellow).

    You can also change the time zone if you click the clock at the top of page so you can make sure you will know exactly what time certain news releases come out. Hope that helps.
     
  5. buju357

    buju357 Recruit

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    i use this :

    Forex Factory





     
  6. Paul Onakoya

    Paul Onakoya Recruit

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    After more research...

    A little research shows that the report is indeed crappy. However, on July 24, 2007 the deviation was 1.7% and USDCAD moved 69 pips. Yes, this was almost 3 years ago, but this is shows that with a big enough deviation price will still move. Who knows, we could be in for a shocker! ;) Although i wouldn't bet on that though :p

    I'll trade this report with a 1.7 trigger and see what happens.
     
  7. oberarm

    oberarm Recruit

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    If you´re trading with MT4, watch the news, which are shown on the newstab.
     
  8. Dubai

    Dubai Private, 1st Class

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    Wow, SNW really doesn't work for me.

    That was my 5th trigger in 3 weeks of using it and still not got a fill from my broker.

    Time it went back.
     
  9. Boko Maru

    Boko Maru Sergeant

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    Has nothing to do with SNW; it's your broker not filling you that's the problem. The SNW just autoclicks your buy/sell buttons for you...
     
  10. gholmali

    gholmali Recruit

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    That wasn't a huge spike but I grabbed about 11 pips, better than nothing!!!!!
     

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