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Forex Signal (Thu, April 22, 04:30 am EST) UK Retail Sales m/m

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Apr 21, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    This is Crazy Cat writing.

    On Thursday, April 22nd (04:30 am New York Time) we will have UK Retail Sales m/m coming out. It is expected to read 0.4. Last month it read 1.6.

    This is one of the best reports to trade. I hope we will have a really nice trade...

    Please read what this indicator means and how it affects the GBP/USD by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7510-uk-retail-sales.html

    The trigger for this indicator is 0.5. This means that if UK Retail Sales m/m comes out at 0.9 or higher, GBP/USD will probably go up by 40 pips or more in the first 45 minutes of the report. If it comes out at -0.1 or more negative, GBP/USD will probably go down by 40 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.

    In addition to the UK Retail Sales m/m number, we will have UK Retail Sales y/y coming out. If they conflict, I recommend skipping the trade, but since m/m is part of y/y number, and our trigger is quite large, the conflict is almost impossible.

    To read the after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...l-sales-after-spike-retracement-strategy.html

    For example: on March 25th, UK Retail Sales m/m came out at 2.1, versus an expectation of 0.6. GBP/USD spiked up by around 60 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 GBP Retail Sales m/m

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Apr 21, 2010
    Lasted edited by : Sep 8, 2016
  2. Feagaro

    Feagaro Recruit

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    Thank you crazy cat

    Will monitor from London. Thanks.
     
  3. fhadwan

    fhadwan Recruit

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    thank you crazy cat
     
  4. Gilles0958

    Gilles0958 Recruit

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    Thanks.

    I'm a beginner in forex and even if I practice with a demo for now, your signal is very helpful. Thanks Sir.
     
  5. LEXngton

    LEXngton Corporal

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    Be careful because the last 2 months the y/y number has conflicted with the m/m number very significantly.
     
  6. Boko Maru

    Boko Maru Sergeant

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    Also this is the first time I've seen it broken down into 4 diff components (with and without gasoline, m/m and y/y each). I presume ex gasoline m/m is the one to trade though...
     
  7. Karl999

    Karl999 Recruit

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    you are doing a good job Crazycat!!! Thank you very much for it...:)
     
  8. Tyrion

    Tyrion Private

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    glad I wasn't in this trade. the revision numbers conflicted. first number was negative for GBP adn GBPUSD still spiked up. however before the release short trend in GBPUSD was going down. looks like a leak there also.
     
  9. Vark

    Vark Private

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    Thank you for the info, Crazy Cat!
    Question: ForexFactory calendar was showing 0.7% forecast, you said it was expected 0.4, are they wrong, or just dfferent data feed?
    And yes, it was wierd, negative report, but it did spike.
    I scalped it for +27 pips with a trailing stop, so thanks for the green pips!
     
  10. West Coast Pips

    West Coast Pips Sergeant

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    Hi CC

    I see early this morning UK retail sales had 4 components to them. Y/Y & M/M with gasoline and without. I know you suggested we trade retail sales with gasoline m/m. Gasoline is a volatile component of retail sales so I am surprised you suggested we focus on this number. Certain core retail sales releases do not include car sales for one. Can you comment please?

    Thanks

    WCP
     
    #10 West Coast Pips, Apr 22, 2010
    Lasted edited by : Sep 8, 2016

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