Forex Signal (Mon, March 01, 10:00 am EST) US ISM Manufacturing

Crazy Cat

Former FPA Special Consultant
Messages
753
Hi there :)

On Monday, March 01 at 10:00 am New York Time we will have US ISM Manufacturing Index coming out. It is expected to read 57.8. Last month it read 58.4.

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/7327-us-ism-manufacturing-index.html

The trigger for this indicator is 7. This means that if US ISM Manufacturing index comes out at 64.8 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 50.8 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. 75% chance it will be a no trade.

To read the after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex-forum/felix-after-spike-retracement-strategies/7392-us-ism-manufacturing-pending-home-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
 
Last edited by a moderator:
Messages
1
thanks for very good information

dear sir


this information is very helpfull.looking forward for daily feedback for usd/jpy
trade.

regds

vinayak vasudeva
 

cesararr

Recruit
Messages
2
Dear Crazy cat,

did you know where can i get news on times ,? im get it in always 2 or 3 minutes later of the news , and that is enought time to miss some potential pips.
thanks for your help.

:)
 
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