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Forex Signal Tuesday Jan 05th at 10:00 am EST US Pending Home Sales

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jan 4, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    On Tuesday, January 05th at 10:00 am New York Time we will have US Pending Home Sales coming out. It is expected to come out at -3.1 Last month it came out at 3.7.

    Please read what this indicator means and how it affects the US dollar by going to this link: http://www.forexpeacearmy.com/forex...-descriptions/7328-us-pending-home-sales.html

    The trigger for this indicator is 6.1. This means that if the US Pending Home Sales comes out at 3.0 or more, USD/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at -9.2 or more negative, USD/JPY will probably go down by 30 pips or more in the first 45 minutes of the report. If you miss the initial spike, don't worry, you can still make money on the after-spike move. Click here to read after-spike retracement strategy for this report:
    http://www.forexpeacearmy.com/forex...e-sales-after-spike-retracement-strategy.html

    For example: on November 2nd, US Pending Home Sales came out at 6.1, versus 0 expected. It was a great money making opportunity. See for yourself what happened on this chart: Forex news trading currency exchange charts

    However, this report either reacts really well or does not react at all. Be prepared that USD/JPY may not move a lot even with a huge deviation.

    It is best to see for yourself the history of this report and the charts of how it affected the USD/JPY and other currencies. This way, you may possibly come up with even a better trading strategy than I am suggesting to you in this signal. Here is the link for that:
    Forex News Trading | Details and History for USD Pending Home Sales m/m

    I hope you make some money on this report
    -Crazy Cat
     
    #1 Crazy Cat, Jan 4, 2010
    Lasted edited by : Sep 8, 2016
  2. angela

    angela Recruit

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    Thanks

    I love the after spike strategy; is an excellent second chance.

    Thanks and happy 2010 for everyone!!!:)

    Angie
     
  3. puneet kaushik

    puneet kaushik Recruit

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    various forecasts

    hi,

    there is always some points of difference between various forecast on each forex site. in such a case which one should i follow. i usually stick to FPA forecast.
     
  4. puneet kaushik

    puneet kaushik Recruit

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    the result was -16 usd/jpy should have gone down but did not. any reason ??
     
  5. Jim Harper

    Jim Harper Recruit

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    Looks like we were about 5 minutes late on the news! Glad I was just using a demo account this time. Anybody know why there was such a drastic difference?
     
  6. wqfwqf

    wqfwqf Recruit

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    You have said:In the case of US ISM Manufacturing, which usually comes out together with Pending Home Sales???
    But they didn't come out together
    US ISM Manufacturing:2010.1.4 10:00
    Pending Home Sales:2010.1.5 10:00
     
  7. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Usually does not mean always....
     
  8. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Well, it seems it's hard to surprise the market now with the bad data. But looking at the price action right before the report (2-3 minutes) it looks like it was leaked. Who knows, but either way the price was already way lower than it should be.

    Still, it was a failing report.
     
  9. vbear

    vbear Recruit

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    lost

    I traded according to the signal which triggerd. But USD/JPY went up instead. Any thing that I missed out or misinterpreted?
     

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