Forex Signal (Tue, Dec 1, 10:00 am EST) US ISM Manufacturing

Felix Homogratus

Commander in Chief
Hi there :)

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

Tuesday, December 1st (10:00 am New York Time) USA

We have US ISM Manufacturing Index coming out. It is expected to read 54.8. Last month it read 55.7.

I recommend trading USD/JPY for this report.

Please read what this indicator means and how it affects the USD/JPY by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7327-us-ism-manufacturing-index.html

The trigger for this indicator is 2. This means that if US ISM Manufacturing index comes out at 56.8 or higher, USD/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 52.8 or lower, USD/JPY will probably go down by 30 pips or more in the first 45 minutes of the report.

At the same time, we will have three other reports coming out. They are ISM Manufacturing Prices, Construction Spending, and Pending Home Sales. I think ISM Manufacturing Prices and Construction Spending can be ignored, but Pending Home Sales is important. If there is a conflict between Pending Home Sales and ISM Manufacturing, I recommend skipping the trade.

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-forum/felix-after-spike-retracement-strategies/7392-us-ism-manufacturing-pending-home-sales-after-spike-retracement-strategy.html

For example: on November 2nd, US ISM Manufacturing Index came out at 55.7, versus an expectation of 53. USD/JPY went up by over 50 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 USD ISM Manufacturing Index

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
 
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