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Forex Signal (Tue, March 30, 04:30 am EST) UK GDP q/q

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Mar 29, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    On Tuesday, March 30th (04:30 am New York Time) UK we will have UK GDP q/q coming out. It is expected to read 0.3. Last time it read 0.3.

    This is not so important report because this is a third release. I want to see 0.2 deviation to enter a trade; the problem is it is 3rd numbers don't deviate often...

    The trigger for this indicator is 0.2. This means that if UK GDP q/q comes out at 0.5 or higher, GBP/USD will probably go up by 35 pips or more in the first 45 minutes of the report. If it comes out at 0.1 or lower, GBP/USD will probably go down by 35 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.

    In addition to the UK GDP q/q we will have UK GDP y/y coming out. If they conflict, I recommend skipping the trade, but since m/m is part of y/y number, and our trigger is quite large, the conflict is almost impossible.

    I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for GBP GDP q/q

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Mar 29, 2010
    Lasted edited by : Sep 8, 2016
  2. vickmor

    vickmor Recruit

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    thanks

    hi thanks for u news trading Arlette i have been using this and it works for me most of the time. I have some more important news to trade tomorrow but u only send me only this one what about others that are to be out i u going to send it to me? before the time?


    thanks hope to hare from u soon

    victor
     
  3. EKlein

    EKlein Private

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    Thanks for the heads up. I appreciate it.
     
  4. fxfreashman

    fxfreashman Recruit

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    Hi,
    thanks for your explanations, there are allways very gut.
    this is the way to learn news trading, with smart guys like you:)
    by the way, I've found page with the last news release for free:)
    it would be better to be checked by profi
    here it is:

    Real Time Economic News Data

    good trading all
     
  5. lotfi

    lotfi Recruit

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    i'm new at forex

    hello
    thank you a lot for help but i can't read the news correctly so i can't understand what 0.2 or any number else means. so pleas help me
     
  6. West Coast Pips

    West Coast Pips Sergeant

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    Have a look at this website: Forex Calendar @ Forex Factory. You will see Tue, March 30, 4.30am EST Final GDP q/q is being released. It is expected to come out at 0.3%. What happens when any significant news release comes out and the actual number ends up deviating by a big amount to the forecast number, the market will react aggressively either bearishly or bullishly depending on the actual number.

    Looking at Final GDP q/q if this particular release deviates by +/-0.2% the market will react at the point the news comes out. I suggest you subscribe to Crazy Cat's signals and learn from what he suggests.
     

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