Felix Homogratus
Commander in Chief
- Messages
- 153
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: https://www.forexpeacearmy.com/fore...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: https://www.forexpeacearmy.com/fore...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
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: https://www.forexpeacearmy.com/fore...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: https://www.forexpeacearmy.com/fore...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
Last edited by a moderator: