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Forex Signal (Wed, April 07, 10:00 am EST) Canadian IVEY PMI

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Apr 6, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    This is Crazy Cat with a potentially profitable trading opportunity...

    Wednesday, April 07th (10:00 am New York Time) Canada

    We have Canadian IVEY PMI coming out. It is expected to read 53.0. Last month it read 51.9.

    I recommend trading USD/CAD for this report.

    Please read what this indicator means and how it affects the USD/CAD by going to this link: http://www.forexpeacearmy.com/forex...ator-descriptions/7398-canadian-ivey-pmi.html

    The trigger for this indicator is 4.5. This means that if Canadian IVEY PMI comes out at 57.5 or more, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report. If it comes out at 48.5 or less, USD/CAD will probably go up 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.

    To read the after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...vey-pmi-after-spike-retracement-strategy.html

    For example: on March 03rd, Canadian IVEY PMI came out at 51.9, versus an expectation of 56.0. USD/CAD went up by around 40 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts

    The reason why I want to see a bit bigger deviation is because it is not a major report and sometimes it does not move much with smaller triggers.

    I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for CAD IVEY PMI

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Apr 6, 2010
    Lasted edited by : Sep 8, 2016
  2. fxfreashman

    fxfreashman Recruit

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    Hi Crazy Cat,

    but as you can see the expectation is 55.1 and not 53

    14:30 CAD Building Permits m/m 2.1% -4.9%
    16:00 CAD Ivey PMI 55.1 51.9


    should I trade it like you say ;) or it it will be revised from you shortly

    good trading

    UK PMI was a great move, thx
     
  3. ljcepek

    ljcepek Recruit

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    What the ...........?

    March Ivey PMI 57.8 (Exp 57.0)

    "The trigger for this indicator is 4.5. This means that if Canadian IVEY PMI comes out at 57.5 or more, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report. If it comes out at 48.5 or less, USD/CAD will probably go up by 30 pips or more in the first 45 minutes of the report".

    Was this inverted?
    Hardly a blip, go figure
    Was waiting for the drop, 40 minutes later, nothing.
    Matter of fact it's gone back up about 20 pips from where it was before the announcement.
    Market has been so fickled the last few weeks.
    Wish I would have bought then sold, saved a few bucks.
     
  4. John Wimberley

    John Wimberley Recruit

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    I think this had something to do with the 1.00 mark. Other forces in play to keep the CAD at that level
     
  5. auna

    auna Corporal

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    Lost 20 pips on that one because of that.The results did say it was going down
     
  6. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    At the time I was writing that post it was 53.0 but it seems they revised it to 55.1 as we got closer to the release. 4.5 trigger is still 4.5 trigger, especially for such small reports. That would mean 59.5 to enter long...

    Estimates do change once a while and that's why I always post what was the estimate at the time I was writing the message.
     

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