Forex Signal (Tue, Jan 19, 04:30 am EST) UK CPI m/m

[buffalobill]

Very interesting. This was a signal of yours that I really tried to pay attention to. Unfortunately, I got back to my desk perhaps a minute or so after the accouncement and they were already analysing it on Bloomberg TV. What I saw on the chart was a sharp downward turn BEFORE the announcement and a big up afterwards - but this was way too quick for me. I then picked up plenty of pips on the retracement afterwards which kept on going and going and going. This was on GBP but the same happened with EURUSD.

 

[Hubert Klein]

Hi,

you can simply use the calendar here on this site. That should be sufficient. Since the market sometimes reacts very fast to news release I recommend you take a look on the the description as how to trade those news. Sometimes I use a straddle - but you need to know how to apply it.

Hope this helps!

Hubert

 

[mechtech63]

Hi,

you can simply use the calendar here on this site. That should be sufficient. Since the market sometimes reacts very fast to news release I recommend you take a look on the the description as how to trade those news. Sometimes I use a straddle - but you need to know how to apply it.

Hope this helps!

Hubert

Definately. I used a 10 pip SL and it retraced to hit it because of the increased spread. Should have made SL 15 pips....next time.

 

[vicks09]

Aah! Nice jump but i was using the post-spike strategy. It went down after the small second spike. Didn't manage to make money on this. Retracement strategy with stop loss at pre-spike level, and trail didn't work this time :unhappy:

hi what is this retracement strategy you mention?

 

[babasemi]

What Currency Meter

Hi Latiff,

Please what currency meter are you talking about or what type of currency meter are you using.

Tx man.

oh:

 

[latiff]

hello my friend..i'm using Currency Strenght Meter 2.0

 

[buffalobill]

hi what is this retracement strategy you mention?

I can't help you here, but here's a graph of what happened, pretty much as Crazy Cat described it beforehand.