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Forex Signal (Tue, Feb 16, 05:00 am EST) German ZEW

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 15, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    This is Crazy Cat writing.

    On Tuesday, Feb 16th (5:00 am New York Time) we will have German ZEW Economic Sentiment coming out. It is expected to read 42.5. Last month it read 47.2.

    In addition to ZEW Economic Sentiment, we will also have ZEW Current Situation Index coming out. It's not so important, and it almost never conflicts with the main report. If it does conflict, then stay out of the trade.

    Please read what this indicator means and how it affects the EUR/JPY by going to this link: http://www.forexpeacearmy.com/forex...tions/7441-german-zew-economic-sentiment.html

    The trigger for this indicator is 6. This means that if ZEW Economic Sentiment comes out at 48.5 or higher, EUR/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 36.5 or lower, EUR/JPY 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.

    If you miss the initial spike, don't worry, you can still make money on the after-spike move. Click here to read the after-spike retracement strategy for this report: http://www.forexpeacearmy.com/forex...ntiment-after-spike-retracement-strategy.html

    For example: on August 18th, German ZEW Sentiment came out at 56.1, versus an expectation of 45. It was a great money making opportunity. See for yourself what happened on this chart: Forex news trading currency exchange charts

    You can study the entire history and charts of this report by following this link: Forex News Trading | Details and History for GER ZEW Economic Sentiment

    I hope you make some money on this report

    Thanks,
    Crazy Cat
     
    #1 Crazy Cat, Feb 15, 2010
    Lasted edited by : Sep 8, 2016
  2. Lucas Gremista

    Lucas Gremista Private, 1st Class

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    I'm a newbie at forex trading, so I might be asking something stupid, but... why it shows in the calendar that is expected to read 41 and in the signal you said that is expected to read 42.5?
     
  3. habrys

    habrys Private, 1st Class

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    It's forecast of economists, experts, etc. It changes. Sometimes even half an hour before the report. So, the forecast was 42.5 at the time of posting of this signal and now it's 41. Tomorrow it can be 40 or 43.
     
  4. dan cwik

    dan cwik Recruit

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    Habrys, please email me to rac3x at hotmail . com, I have a proposal for you.
     
  5. Lucas Gremista

    Lucas Gremista Private, 1st Class

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    Thank you so much habrys, and Crazy Cat!
     
  6. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    That is correct. Unfortunately forecast numbers change often after I post a message here. If this happens, then recalculate new triggers using triggers I provided.
     

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