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Forex Signal (Wed, Feb 24, 02:00 am EST) German GDP q/q

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 23, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

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

    Wednesday, Feb 24th (02:00 am New York Time) Germany

    This is not a reliable report to trade but if you have nothing else to do, you can give a try. Don't bet too much money on it, however.

    We have German GDP q/q coming out. It is expected to read 0.0. Last quarter it read 0.0.

    Please read what this indicator means and how it affects the EUR/USD by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7444-german-gdp-q-q.html

    The trigger for this indicator is 0.5. This means that if GDP comes out at 0.5 or higher, EUR/USD will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at -0.5 or more negative, EUR/USD will probably go down 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...gdp-q-q-after-spike-retracement-strategy.html

    For example: on August 13th, German GDP came out at 0.3, versus an expectation of -0.2. As a result, EUR/USD went up by around 50 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 GER GDP q/q

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Feb 23, 2010
    Lasted edited by : Sep 8, 2016
  2. ncnc

    ncnc Recruit

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    wrong release

    Hi,

    This GDP is the final reading which is released 2 weeks or so after the first reading. Its the first reading that deviates and causes moves (2 weeks ago).

    This one will definately not deviate by 0.5, it has not even deviated ny 0.1 in last 11 releases.
     
  3. sasoforex

    sasoforex Private

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    Check this Out

    I think this is useful

    German Final GDP: Published on Wednesday at 7:0 GMT. The zone’s largest economy has been the locomotive for growth in the middle of 2009, but failed to grow in Q4. The stagnant economy hurts the Euro. This 0% growth is predicted to be confirmed. IF the German economy contracted in Q4, this will be a blow to the Euro.

    Read from

    sasoforex.blogspot.com
     
  4. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    well, it will simply be a no trade. German final number is a crap so a small deviation may or may not work. Huge deviations almost never happen but I personally had a few trades in my trading history that I was sure would never happened but still happened, and I was glad I set everything anyway...
     
  5. ncnc

    ncnc Recruit

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    wrong release

    Thats cool crazy, just pointing out that there are 2 very different German GDP releases, the first one is usually well worth trading so look forward to May's first release
     
  6. Lucas Gremista

    Lucas Gremista Private, 1st Class

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    spike

    I'm still getting caught by the spike when the news are released, I'm missing good trades for it, cause FPA's calendar updates about 30 seconds after the news release.

    Thank you Crazy Cat for telling me about the autoclick software something, but still, I didn't understand, sorry about that. How can I get faster news so I can catch the spike?

    Again, I'm sorry cause there's quite a few things that I'm getting confused with, even tough the glossary here helped me out a lot, I'm still in learning process.
     

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