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Forex Signal (Wed, Feb 10, 04:30 am EST) UK Industrial Production

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 8, 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, February 10th (4:30 am New York Time) UK

    We have UK Industrial Production coming out. It is expected to read 0.4. Last month it read 0.3.

    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...scriptions/7394-uk-industrial-production.html

    The trigger for this indicator is 2.0. This means that if UK Industrial Production comes out at 2.4 or more, GBP/USD will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at -1.6 or more negative, GBP/USD will probably go down by 30 pips or more in the first 45 minutes of the report. The reason why I recommend such big trigger is because this is very unreliable report to trade but if such bigger trigger is hit, chances are it will work. Most likely it will be a no trade, however.

    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: http://www.forexpeacearmy.com/forex...duction-after-spike-retracement-strategy.html

    For example: on October 6th, UK Industrial Production came out at -2.5, versus an expectation of 0.2. GBP/USD went down by around 75 pips. See for yourself what happened by seeing 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 Industrial Production m/m

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

    Ioannis Recruit

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    xxx

    Hi, I am sorry but when you say : 'For UK Industrial Production, I usually recommend entering at around 50% retracement' ,you mean that we will wait for the second wave to place our orders?Thanks.
     

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