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Forex Signal (Thu, Nov 5, 4:30 am EST) UK Industrial Production

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Nov 4, 2009.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

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    Hi there :)

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

    Thursday, November 5th (4:30 am New York Time) UK

    We have UK Industrial Production m/m coming out. It is expected to read 1.2. Last month it read -2.5.

    In addition to UK Industrial Production m/m, we will also have UK Industrial Production y/y and UK Manufacturing Production m/m and y/y. Industrial Production is part of Manufacturing Production, and m/m affects the y/y number. So most likely, there will be no conflicts between any of these reports. And even if there is a small conflict, the currency will probably go in the direction of Industrial Production m/m, assuming that my trigger is hit of course (read below).

    Please read what this indicator means and how it affects the Great British Pound by going to this link: http://www.forexpeacearmy.com/forex...scriptions/7394-uk-industrial-production.html

    The trigger for this indicator is 0.3. This means that if the UK Industrial Production m/m comes out at 1.5 or better, GBP/USD will probably go up by 40 pips or more in the first 30 minutes of the report. If it comes out at 0.9 or worse, 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.

    If you miss the initial spike, don't worry, you can still make money on the after-spike move. Click here to read my after-spike retracement strategy for this report: http://www.forexpeacearmy.com/forex...duction-after-spike-retracement-strategy.html

    For example: on September 8th, UK Industrial Production came out at 0.5, versus an expectation of 0.2. It was a great money making opportunity. See for yourself what happened on this chart: Forex news trading currency exchange charts

    It is best to see for yourself the history of this report and the charts of how it affected the GBP/USD and other currencies. This way, you may possibly come up with even better trigger and trading strategy than what I am suggesting to you in this signal. Here is the link for that: Forex News Trading | Details and History for GBP Industrial Production 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 4, 2009
    Lasted edited by : Sep 8, 2016
  2. cosmopolit

    cosmopolit Private

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    I would say that Manufacturing Production is part of Industrial Production.
     
  3. Ezzy

    Ezzy Recruit

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    Hi, just for the sake of my education, when figures were released at 1.6 why did price drop when it was expected to rise?

    Many thanks in advance
    Ezzy
     
  4. Neonato2009

    Neonato2009 Recruit

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    Crazy Market

    Hehe.... Bad Luck on this One...:hissyfit:

    Market goes really crazy and never go Up, just go down 35 PIPS after News.... and keep going down...

    Well, like that is Forex... CRAZY.... Hehe

    Best regards.... Felix....
    Keep this post ever!
     
  5. cosmopolit

    cosmopolit Private

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    As to my humble opinion, there is at least two possible explanations for this:
    1. There was a leak of information before the official press release, and so
    insiders took long positions in GBP before the release and started to fix
    profits just after it.
    2. The market usually does not pay attention to the secondary news before
    the primary ones, that is, in our case, to the Industrial Production numbers
    before the BoE MPC decision.
     
  6. forexbullet

    forexbullet Recruit

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    my take on things

    Firstly don't take note of my join date as i have been in these forums in out for 3-4 years and have been trading these numbers for quite sometime and the reason why i've joined up to this forum is to contribute to these threads and help out the ones who worry to much,instead of reading other people's material for years and not contributing.

    Anyhow my take on the uk industrial production and other uk data releases is as follows>>

    With these type of indicators i.e. uk industrial production, its good to watch the revisions and if prior month was revised more negative, then this will have some impact on a buy or sell signal.Just watch also for pre release pricing.If you see to match of a rally b4 the release and the actual number doesn't come out with a stronger/safer deviation to support the continuation of the rally then my research has shown the rally will be short lived thus causing a quick spike up and reversal as witnessed.

    Seems when we get a pre release rally most of the time on uk data, one might get the impression that the data has been leaked out so just look out next time for supporting data hence the rally being justified by a good deviation/trigger, but i will go on to say that my favourite uk release to trade is the uk retail sales.When the triggers are hit on this one then you can pritty much enjoy the run.This release has been pritty hot lately and probably in my top 5 news trades.

    So all in all i wouldn't be to concerned about the uk industrial production release but probably take note and set triggers higher for next time.

    p.s...Felix is still the pioneer of this type of trading and also want to thankyou for the years of effort you've put in and helped and old cat like myself as well as others.
     
  7. jeffh

    jeffh Recruit

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    pips lost

    losing trade for me this one
     

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