Forex Signal (Wed, Feb 03, 4:28 am EST) UK Services PMI

Crazy Cat

Former FPA Special Consultant
Messages
753
Hi there :)

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

Wednesday, Jan 06th at 4:28 am New York Time we will have UK Services PMI coming out. It is expected to read 56.5. Last month it read 56.8.

It's possible it may be released at 4:28 as it used to be so please pay attention.

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: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7370-uk-services-pmi.html

The trigger for this indicator is 0.9. This means that if UK Services PMI comes out at 57.4 or more, GBP/USD will probably go up by 40 pips or more in the first 45 minutes of the report. If it comes out at 55.6 or less, GBP/USD will probably go down by 40 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-forum/felix-after-spike-retracement-strategies/7371-uk-services-pmi-after-spike-retracement-strategy.html

For example: on November 4th, UK Services PMI came out at 56.9, versus an expectation of 55.5. GBP/USD went up by 46 pips. See for yourself what happened on this chart: Forex news trading currency exchange charts

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 Services PMI

I hope you make some money on this report.
-Crazy Cat
 
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gholmali

Recruit
Messages
7
SNW

Hi Crazy Cat,

I need to know if SNW releases private news on-time. Because I am using Forex Daily Trader (RSS) service and I realized that they do not receive private reports such as PMI and ADP so they cannot trade on them, although those kind of reports have huge move potential! In other words they only can trade on public reports!

I need to know if Secret News Weapon has the same limitation or not?
 

Crazy Cat

Former FPA Special Consultant
Messages
753
Hi Crazy Cat,

I need to know if SNW releases private news on-time. Because I am using Forex Daily Trader (RSS) service and I realized that they do not receive private reports such as PMI and ADP so they cannot trade on them, although those kind of reports have huge move potential! In other words they only can trade on public reports!

I need to know if Secret News Weapon has the same limitation or not?
of course you have UK Services PMI and US Emp. ADP - otherwise I would not even bother to talk about those reports if I could not trade them myself.
 
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