Hi there 
On Monday, Feb 01 at 10:00 am New York Time we will have US ISM Manufacturing Index coming out. It is expected to read 55.6. Last month it read 54.9.
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: https://www.forexpeacearmy.com/fore...riptions/7327-us-ism-manufacturing-index.html
The trigger for this indicator is 10. This means that if US ISM Manufacturing index comes out at 65.6 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 45.6 or lower, USD/JPY will probably go down by 30 pips or more in the first 45 minutes of the report.
This is very unlikely we will see such a big deviation, and this is exactly why I set such triggers - I don't want to trade it with normal triggers because right now it is highly unreliable report to trade. But if a miracle happens and we see such deviation, then I guess it's worthy to give a try. 99% chance it will be a no trade.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...e-sales-after-spike-retracement-strategy.html
For example: on Jan 04, US ISM Manufacturing Index came out at 55.9, versus an expectation of 54. The market did not care. 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 ISM Manufacturing Index
Good luck!
-Crazy Cat
On Monday, Feb 01 at 10:00 am New York Time we will have US ISM Manufacturing Index coming out. It is expected to read 55.6. Last month it read 54.9.
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: https://www.forexpeacearmy.com/fore...riptions/7327-us-ism-manufacturing-index.html
The trigger for this indicator is 10. This means that if US ISM Manufacturing index comes out at 65.6 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 45.6 or lower, USD/JPY will probably go down by 30 pips or more in the first 45 minutes of the report.
This is very unlikely we will see such a big deviation, and this is exactly why I set such triggers - I don't want to trade it with normal triggers because right now it is highly unreliable report to trade. But if a miracle happens and we see such deviation, then I guess it's worthy to give a try. 99% chance it will be a no trade.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...e-sales-after-spike-retracement-strategy.html
For example: on Jan 04, US ISM Manufacturing Index came out at 55.9, versus an expectation of 54. The market did not care. 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 ISM Manufacturing Index
Good luck!
-Crazy Cat
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