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Forex Signal (Thu July 21 2011, 4:30am NY Time EST) - UK Retail Sales m/m

Discussion in 'Current Forex Trading Signals' started by Henry Liu, Jul 20, 2011.

  1. Henry Liu

    Henry Liu Former FPA Special Consultant

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    Today’s Retail Sales number from UK will be widely watched as this is a high impact yet very tradable report. Here is the forecast for this release:

    4:30am (NY Time) Forecast 0.5% Previous -1.4%
    ACTION: GBP/USD BUY 1.0% SELL -0.1%

    The Trade Plan
    The monthly retail sales report is a direct measurement of consumer activities at the retail level. A higher release is generally good for the economy, and better for it’s currency; a lower release is considered negative for the economy and not good for it’s currency.

    Our tradable deviation or surprise factor for UK Retail Sales is 0.5% to BUY or SELL. If our deviation is hit, we can expect the market to move at least 50 pips within the hour, with a historical accuracy of 72%. We’ll be looking to BUY GBP/USD if we get a positive release of at least 1.0%, and SELL GBP/USD if we get -0.1% or worse.

    We’ll be looking for an after-news retracement trade for this release. For more information on my trading methods:
    Henry Liu's Trading Method

    The Market
    With UK's recovery failing to gain momentum and inflation at 4.2% y/y squeezing out any disposable income, consumer have to also deal with tax hikes and budget cuts, resulting in recent sharp drop of consumer confidence and household spending.

    Therefore, regardless of the release figure, I'd still be bearish for the Sterling as there are no expectations for any strong growth in consumer spending pattern, especially when you also account for the recent Jobless Claims figure showing slightly higher levels of unemployment in UK.

    Additional Thoughts
    GBP is bearish due to its fundamental outlook. If we get a strong release, I'd be looking for areas to SELL into the rally.

    Pre-News Consideration
    There is no pre-news trading for this release as it goes against the long-term trend of the currency...

    Historical Chart and Data for UK Retail Sales m/m



    Thanks,


    [​IMG]
     
    #1 Henry Liu, Jul 20, 2011
    Lasted edited by : Sep 8, 2016
  2. dkami

    dkami Sergeant

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    Henry LIE is a con-man stay away from his SCAMS neither Henry or his robot can trade for **** here are his results

    10kto1mm program after 10mths = balance is $3577.68 with a trade on that has a floating loss of $650.00 with no SL on

    Currency strength robot = Henrys starting balance was 5k now after 3mths his balance is down to $1336.60

    Henry LIE has a new SCAM out 4xlearning.com STAY AWAY FROM HIM IF YOU DONT WANT TO LOOSE YOUR MONEY;)

    WARNING Henry LIE runs off this site newbies must be warned
     
  3. Megaafricans

    Megaafricans Recruit

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    Keep the good job on.....Bless you!
     
  4. USDFX

    USDFX Private

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    Confused

    If Henry is such a con man as you say...why is he a Special Consultant to the FPA? dkami I think you have your wires crossed. Best to not slander even if it is a joke.

    Excellent work Henry! I've made hundreds of pips with your techniques. THX :confused:
     
  5. dkami

    dkami Sergeant

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    @ USDFX Don't kill the messenger but take caution and read the hundreds of people reviews on Henry LIE SCAMS remember this site is where Henry gets his victims newbies just like yourself don't be one of them like hundreds of others including myself was

    Here are the links here on FPA
    10K to 1MM | 10Kto1MM.com reviews and ratings by Forex Peace Army

    Currency Strength Robot | CurrencyStrengthRobot.com reviews and ratings by Forex Peace Army

    http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/15041-henry-liu-scam.html

    Hundreds of reviews but not a happy customer in site and Henry LIE is no where to be seen

    O and this is not SLANDER and defently no JOKE

    WARNING Henry LIE runs off this site newbies must be warned
     
    #5 dkami, Jul 21, 2011
    Last edited: Jul 21, 2011
  6. digamer

    digamer Private, 1st Class

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    Wrong place for "paid services" accusations

    Having no experience with those mentioned paid services, systems and robots etc..I have to say that these FREE trading signals by Henry are quite helpful...and are far from scam.
    Review of the market and previous events affecting the upcoming news, required deviation and pre-news considerations greatly helps the news traders, specially the beginners. Where is the "lie&scam" part here??
    Those accusations may belong in paid service sections, yes...but definitely not here!

    Thank you Henry for these free analysis, keep up the good work!
     
  7. dkami

    dkami Sergeant

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    Well you better get used of it:eek:oh:
     

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