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Forex Signal (Thu, March 31, 10:00 am EST) US ISM Manufacturing

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Mar 31, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    On Thursday, March 31 at 10:00 am New York Time we will have US ISM Manufacturing Index coming out. It is expected to read 57.0. Last month it read 56.5.

    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...riptions/7327-us-ism-manufacturing-index.html

    The trigger for this indicator is 6. This means that if US ISM Manufacturing index comes out at 63.0 or higher, USD/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 51.0 or lower, USD/JPY will probably go down by 30 pips or more in the first 45 minutes of the report.

    This is very unlikely we will see such a big deviation, and this is exactly why I set such triggers - I don't want to trade it with normal triggers because right now it is highly unreliable report to trade. But if a miracle happens and we see such deviation, then I guess it's worthy to give a try. 75% chance it will be a no trade.

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

    For example: on Jan 04, US ISM Manufacturing Index came out at 55.9, versus an expectation of 54. The market did not care. 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 ISM Manufacturing Index

    Good luck!
    -Crazy Cat
     
    #1 Crazy Cat, Mar 31, 2010
    Lasted edited by : Sep 8, 2016

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