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Forex Signal (Tue, Dec 1, 03:55 EST) German Manufacturing PMI

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Nov 29, 2009.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

    Joined:
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    Hi there :)

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

    Tuesday, December 1st (03:55 am New York Time) Germany

    We have German Manufacturing PMI coming out. It is expected to read between 51-52. Last month it read 52.

    I recommend trading EUR/USD for this report.

    Please read what this indicator means and how it affects the EUR/USD by going to this link: http://www.forexpeacearmy.com/forex...scriptions/7687-german-manufacturing-pmi.html

    The trigger for this indicator is 2. This means that if German Manufacturing PMI comes out at 54 or higher, EUR/USD will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 49 or lower, EUR/USD will probably go down by 30 pips or more in the first 45 minutes of the report.

    Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

    To read my after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...ing-pmi-after-spike-retracement-strategy.html

    For example: on August 21st, German Manufacturing PMI came out at 49, versus an expectation of 47. EUR/USD went up by over 50 pips. See for yourself what happened on this chart: Forex news trading currency exchange charts
    German Services PMI was released at the same time, and also came out much better. Though German Services PMI does not usually affect EUR/USD by that much, I believe on August 21st, it acted as a catalyst, which created bigger move.

    I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for GER Manufacturing PMI

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

    I hope you make some money on this report.
    -Felix
     
    #1 Felix Homogratus, Nov 29, 2009
    Lasted edited by : Sep 8, 2016

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