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Forex Signal (Tue, Dec 16, 03:30 EST) German Manufacturing PMI

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Dec 14, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    On Wednesday, December 16th (03:30 am New York Time) we will have German Manufacturing PMI coming out. It is expected to read between 52.5. Last month it read 52.4.

    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 54.5 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 50.5 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 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.
    -Crazy Cat
     
    #1 Crazy Cat, Dec 14, 2009
    Lasted edited by : Sep 8, 2016
  2. Mohame Ibrahim

    Mohame Ibrahim Recruit

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    Hello Crazy Cat can I know which broker do you use to trade news without problems?
     
  3. chinedu omeje

    chinedu omeje Recruit

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    crazycat

    pls which platform is good for that your prediction?
     
  4. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    most brokers would work but you need to check a few of them and see which one best suits you.
     
  5. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    I personally have a few MT4 accounts with a few brokers. You just need to check which one works best for you.
     

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