Forex Signal (Thu, Nov 19, 04:30 am EST) UK Retail Sales m/m

Felix Homogratus

Commander in Chief
Messages
153
Hi there :)

This is Felix with another potentially profitable trading opportunity...

Thursday, November 19th (04:30 am New York Time) UK

We have UK Retail Sales m/m coming out. It is expected to read 0.6. Last month it read 0.

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 1.1 or higher, GBP/USD will probably go up by 40 pips or more in the first 30 minutes of the report. If it comes out at 0.1 or less, GBP/USD will probably go down by 40 pips or more in the first 30 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 my 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 22nd, UK Retail Sales m/m came out at 0, versus an expectation of 0.5. GBP/USD went down by around 75 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

As always, wait for my email this Friday, where I will review all successful trades of the week.

I hope you make some money on this report.
-Felix
 
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mechtech63

Corporal
Messages
123
Hey Felix,

I really checked this one out (history wise) and this looks like a good one. Staying up late to give this one a run. I'm just shooting for that quick 20 pips. Should not be a problem.

Thanks for the tip :)

Also, there seems to be another announcment that comes out 24 hrs later and is a big driver (100 pips). What is the announcment?
 
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enersonvee

Recruit
Messages
1
Felix Signal on UK Retail Sales M/M

Commander sir,

Your signal help has been to some extend very help full in some useful ways. I like to add that, some time other index on other indicator do come with your prediction, and you don't comment on how the effect may be againt the Retail Sales indicator.

Also, do more favour, by being more precise in your signal Directions.

well, done.:)
 
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