Hi there 
This is Crazy Cat with a potentially profitable trading opportunity...
Tuesday, May 11th (4:30 am New York Time) UK
We have UK Industrial Production coming out. It is expected to read 0.3. Last month it read 1.0.
I recommend trading GBP/USD for this report.
Please read what this indicator means and how it affects the GBP/USD by going to this link: https://www.forexpeacearmy.com/fore...scriptions/7394-uk-industrial-production.html
The trigger for this indicator is 1.2. This means that if UK Industrial Production comes out at 1.5 or more, GBP/USD will probably go up by 35 pips or more in the first 45 minutes of the report. If it comes out at -0.9 or more negative, GBP/USD will probably go down by 35 pips or more in the first 45 minutes of the report.
I still prefer to be very careful because sometimes this report works really nice (like last month) and sometimes it does not work at all.
We will also have UK Manufacturing Production, both m/m and y/y coming out and UK Industrial Production y/y. If they conflict, I recommend skipping the trade, but most likely they won't conflict.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...duction-after-spike-retracement-strategy.html
For example: on March 10th, UK Industrial Production came out at -0.4, versus an expectation of 0.3. Although it would not hit my trigger, GBP/USD went down by around 60 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts
Still, I would not trust this report too much as three months ago similar deviation did not produce any meaningful price action.
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 Industrial Production m/m
I hope you make some money on this report.
-Crazy Cat
This is Crazy Cat with a potentially profitable trading opportunity...
Tuesday, May 11th (4:30 am New York Time) UK
We have UK Industrial Production coming out. It is expected to read 0.3. Last month it read 1.0.
I recommend trading GBP/USD for this report.
Please read what this indicator means and how it affects the GBP/USD by going to this link: https://www.forexpeacearmy.com/fore...scriptions/7394-uk-industrial-production.html
The trigger for this indicator is 1.2. This means that if UK Industrial Production comes out at 1.5 or more, GBP/USD will probably go up by 35 pips or more in the first 45 minutes of the report. If it comes out at -0.9 or more negative, GBP/USD will probably go down by 35 pips or more in the first 45 minutes of the report.
I still prefer to be very careful because sometimes this report works really nice (like last month) and sometimes it does not work at all.
We will also have UK Manufacturing Production, both m/m and y/y coming out and UK Industrial Production y/y. If they conflict, I recommend skipping the trade, but most likely they won't conflict.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...duction-after-spike-retracement-strategy.html
For example: on March 10th, UK Industrial Production came out at -0.4, versus an expectation of 0.3. Although it would not hit my trigger, GBP/USD went down by around 60 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts
Still, I would not trust this report too much as three months ago similar deviation did not produce any meaningful price action.
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 Industrial Production m/m
I hope you make some money on this report.
-Crazy Cat
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