1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Forex Signal (Fri, May 07, 7:00 am EST) Canadian Employment

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, May 6, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Joined:
    Sep 30, 2007
    Messages:
    752
    Likes Received:
    0
    Hi there :)

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

    Friday, May 07th (7:00 am New York Time) Canada

    We have Canadian Employment Change coming out. It is expected to read 20.2. Last month it read 17.9.

    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 25. This means that if Canadian Employment Change comes out at 45.2 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 -4.8 or more negative, 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 March 12th, Canadian Employment Change came out at 20.9, versus an expectation of 15.5, and unemployment dropped by 0.1 which is good for Canada. 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, May 6, 2010
    Lasted edited by : Sep 8, 2016
  2. West Coast Pips

    West Coast Pips Sergeant

    Joined:
    Sep 24, 2009
    Messages:
    132
    Likes Received:
    0
    Wow, what an insanely huge deviation!! Did anyone get filled with a live account?
     

Share This Page