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Forex Signal (Thu, Feb 11, 16:45 EST) New Zealand Core Retail Sales m/m

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 10, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    This is Crazy Cat with a potentially profitable trading opportunity.

    Thursday, Feb 11, (16:45 New York Time) New Zealand

    We have New Zealand Core Retail Sales m/m coming out. It is expected to read 0.7. Last month it read 0.8

    I recommend trading NZD/USD for this report.

    Please read what this indicator means and how it affects the NZD/USD by going to this link: http://www.forexpeacearmy.com/forex...scriptions/7442-new-zealand-retail-sales.html

    The trigger for this indicator is 0.5. This means that if New Zealand Retail Sales m/m comes out at 1.2 or more, NZD/USD will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 0.2 or less, NZD/USD will probably go down by 30 pips or more in the first 45 minutes of the report.

    We will also have New Zealand Core m/m coming out. If regular Retail Sales and core Retail Sales conflict, I recommend staying out. Frankly speaking, it's hard to say which one is better so I guess if any of them deviate by 0.5, we should see a move.

    Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

    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 October 12th, New Zealand Core Retail Sales came out at 1.2, versus an expectation of 0.5. NZD/USD went up by 44 pips. See for yourself what happened by seeing 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 NZD Retail Sales m/m

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Feb 10, 2010
    Lasted edited by : Sep 8, 2016
  2. miker940

    miker940 Recruit

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    news alerts

    Can anyone tell me if there is a news alert service similar to tradethenews.com that does not charge such a high monthly subscription fee.

    By the time I get the number for news trades from Crazy Cat, the trades are over.

    Thank you,
    Mike
     
  3. rossouw

    rossouw Recruit

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    OCO Trades

    I just setup oco trades with a 10 pip entry margin about 30 sec before the news is due to be released it works for me
     
  4. bahoooga

    bahoooga Private

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    just be careful with oco trades

    some brokers suck and you get a huge gap and others you get filled along the way. probably the market makers are the gap ones.

    i fluked 80 pips on AUD yesterday at the toss of a coin. for New zealand i tried having two positions open positions either side of the price with a minimum stop but i got a guarenteed stop so useless IG (i need to look for other brokers) have to close my wrong position at my guarenteed stop. i then set a limit for approx what the big move will be. got 45 points this morning on sell and the buy lost 15 points. net of 30 points. NZ min stop was 15 points which is a lot so maybe EUR or AUD will allow me to pick tighter stops.

    i got my timing wrong a bit because i'm in adelaide. the forex calendar is the best, especially the star rating on how much it might move.

    keep it up forexpeacearmy.
     

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