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Forex Signal (Mon, Nov 30, 09:42 am EST) Chicago PMI

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Nov 29, 2009.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

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    Hi there :)

    This is Felix with a potentially profitable trading opportunity...

    Monday, November 30th (09:42 am New York Time) USA

    We have US Chicago PMI coming out. It is expected to read 53. Last month it read 54.2.

    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 3. This means that if Chicago PMI comes out at 56 or higher, USD/JPY will probably go up by 20 pips or more in the first 45 minutes of the report. If it comes out at 50 or less, USD/JPY will probably go down by 20 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 my 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 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 Chicago PMI

    As always, wait for my email this Saturday, where I will review all successful trades of the week.

    I hope you make some money on this report.
    -Felix
     
    #1 Felix Homogratus, Nov 29, 2009
    Lasted edited by : Sep 8, 2016
  2. Ken_Fla

    Ken_Fla Recruit

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    Felix Great Work

    Thanks for all the hard work you put into your analysis, it comes in handy.
     
  3. belloking

    belloking Recruit

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    Bello Olatilewa

    l want to say a big thank you to you sir Felix, God will keep you and l also want to say you are indeed a good man . thank you.
    Bello Olatilewa

    Nigeria
     
  4. ajentha

    ajentha Recruit

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    Jesus Bless you

    Thank you so much for news trading information.

    Have a Blessed day to U, all your hand efforts are blessed in the name of jesus.

    bye
    Ashok
    India
     
  5. iisidor

    iisidor Recruit

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    New to these signals

    My question is: in which time frame should we see this signal to effectively trade it?
     
  6. NATAN SHAIN

    NATAN SHAIN Private

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    HELP

    US Chicago PMI is coming out tomorrow Monday, November 30th, 9:42 am New York Time BUT IN SNW ITS IN 9:45 WHAT TO DO ?
     
  7. Bill Halliday

    Bill Halliday Recruit

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    Canadian GDP and Chicago PMI

    I was surprised when I traded both the USDCAD and USDJPY this morning.

    Apparently, the news of coming out as Forecast was good enough for traders to send the USDCAD up more than 20 pips. I caught 10 of them.

    The other surprise was when the USDJPY went down over 20 pips in the first 45 minutes. The news meant something different to other traders, I suppose.

    I'm trading in a Demo account so the unexpected results aren't significant.

    I would like to know how to protect myself when news item produce unexpected results as these two did today. Is there anyway or is it just; "the luck of the draw for us"?

    Bill

    PS. I found a Reuters Article Entitled "November factory activity seen decelerating" at:

    November factory activity seen decelerating - Yahoo! News

    The Article was about the ISM, which seems to have drawn more notice than the the PMI
    and then there is this one, which mentions the unemployment lagging the economic pick up:

    U.S. regional manufacturing recovers, consumers wary - Yahoo! News

    I wonder if these two Articles suggest that we need to take into account two thing when we hear/see Economic Reports; the rateof economic recovery and unemployment.
     
    #7 Bill Halliday, Nov 30, 2009
    Last edited: Nov 30, 2009

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