1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

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

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Nov 13, 2009.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

    Joined:
    Oct 1, 2007
    Messages:
    153
    Likes Received:
    5
    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
     
    #1 Felix Homogratus, Nov 13, 2009
    Lasted edited by : Sep 8, 2016
  2. mechtech63

    mechtech63 Corporal

    Joined:
    Jul 25, 2009
    Messages:
    123
    Likes Received:
    0
    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?
     
    #2 mechtech63, Nov 19, 2009
    Last edited: Nov 19, 2009
  3. mechtech63

    mechtech63 Corporal

    Joined:
    Jul 25, 2009
    Messages:
    123
    Likes Received:
    0
    Well, that's over and it was a stinker. Not big enough to make any pips.:(
     
  4. enersonvee

    enersonvee Recruit

    Joined:
    Oct 10, 2009
    Messages:
    1
    Likes Received:
    0
    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.:)
     

Share This Page