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Forex Signal (Tue, April 13, 18:45 EST) New Zealand Retail Sales m/m

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Apr 12, 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.

    Tuesday, April 13, (18:45 New York Time) New Zealand

    We have New Zealand Retail Sales m/m coming out. It is expected to read 0.2. Last month it read 0.8

    I recommend trading NZD/USD for this report.

    Please read what this indicator means and how it affects the NZD/USD by going to this link: http://www.forexpeacearmy.com/forex...scriptions/7442-new-zealand-retail-sales.html

    The trigger for this indicator is 0.7. This means that if New Zealand Retail Sales m/m comes out at 0.9 or more, NZD/USD will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at -0.5 or more negative, NZD/USD will probably go down by 30 pips or more in the first 45 minutes of the report.

    We will also have New Zealand Core m/m coming out. If regular Retail Sales and core Retail Sales conflict, I recommend staying out. Frankly speaking, it's hard to say which one is better but it is said the headline number is released first.

    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...l-sales-after-spike-retracement-strategy.html

    For example: on February 11th, New Zealand headline number came out at 0.0 vs 0.6 expected. Also, the Core Retail Sales came out at -1.8, versus an expectation of 0.3 NZD/USD went down by 40 pips. See for yourself what happened by seeing 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 NZD Retail Sales m/m

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Apr 12, 2010
    Lasted edited by : Sep 8, 2016
  2. West Coast Pips

    West Coast Pips Sergeant

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    This is a risky trade. Of all the NZ retail sales releases I have traded, I must say I have lost money 75% of the time. The headline number does seem to come out first. The market reacts to it and a couple of seconds later the core number comes out causing another reaction. I have found the headline and core numbers often conflict and you really don't want to be getting in on such a trade. I have been filled really badly on this release too. I lost money on Feb 11, 2010 trade. I have even set up to trade headline and core numbers but it does not work as they often conflict. Be careful!
     
  3. Lucas Gremista

    Lucas Gremista Private, 1st Class

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    It was a good trade if you placed a sell stop order, my broker doesn't allow hedging, so I had a buy stop placed, and I missed the spike, of course.
     
  4. Rachell

    Rachell Recruit

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    Hi!
    Crazy must of the time I miss understand the signal, would you tell me for the trade of USD/JPY if I have to go shot or long?





    Thank you so much!


    Rachell 786-312-7318
     
  5. Lucas Gremista

    Lucas Gremista Private, 1st Class

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    Rachell, I didn't quite understand your question, but if I can, I would be more than happy to try to help you out.
     

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