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

Felix Homogratus

Commander in Chief
Messages
153
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
 
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belloking

Recruit
Messages
2
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
 

ajentha

Recruit
Messages
5
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
 

iisidor

Recruit
Messages
1
New to these signals

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

NATAN SHAIN

Private
Messages
20
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 ?
 

Bill Halliday

Recruit
Messages
2
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.
 
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