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Forex Signal (Thu, May 06, 10:00 am EST) Canadian IVEY PMI

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, May 5, 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, May 06th (10:00 am New York Time) Canada

    We have Canadian IVEY PMI coming out. It is expected to read 59.3. Last month it read 57.8.

    I recommend trading USD/CAD for this report.

    Please read what this indicator means and how it affects the USD/CAD by going to this link: http://www.forexpeacearmy.com/forex...ator-descriptions/7398-canadian-ivey-pmi.html

    The trigger for this indicator is 4.5. This means that if Canadian IVEY PMI comes out at 63.8 or more, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report. If it comes out at 48.8 or less, USD/CAD will probably go up by 30 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 the after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...vey-pmi-after-spike-retracement-strategy.html

    For example: on March 03rd, Canadian IVEY PMI came out at 51.9, versus an expectation of 56.0. USD/CAD went up by around 40 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts

    The reason why I want to see a bit bigger deviation is because it is not a major report and sometimes it does not move much with smaller triggers.

    I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for CAD IVEY PMI

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, May 5, 2010
    Lasted edited by : Sep 8, 2016
  2. West Coast Pips

    West Coast Pips Sergeant

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    Just would like to comment on this sentence:

    If it comes out at 48.8 or less, USD/CAD will probably go up by 30 pips or more in the first 45 minutes of the report.

    I believe you mean if it comes out 54.8, USD/CAD will probably go up by 30 pips or more in the first 45 minutes of the report.

    I say that as you are chosing a trigger of 4.5 and the expected is 59.3
     
  3. Mary7777777

    Mary7777777 Private

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    Здравствуйте, Crazy Cat. Скажите, пожалуйста, что торговая платформа вы используете? Конечно, если это не секрет:).
     
  4. Mary7777777

    Mary7777777 Private

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    Hello, Crazy Cat. Tell me please, what trading platform you use? Of course, if it is not a secret.:)
     
  5. Mary7777777

    Mary7777777 Private

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    Hello, Crazy Cat. Tell me please, what trading platform you use? Of course, if it is not a secret.
     

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