Forex Signal (Wed, July 07, 21:30 EST) Australian Employment

Crazy Cat

Former FPA Special Consultant
Messages
753
Hi there :)

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

Wednesday, July 07th (21:30 New York Time) Australia

We have Australian Employment Report coming out. It is expected to read 15.2. Last month it read 26.9.

I recommend trading AUD/USD for this report.

Please read what this indicator means and how it affects the AUD/USD by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7443-australian-employment-change-m-m.html

The trigger for this indicator is 25.0 This means that if Australian Employment comes out at 40.2 or more, AUD/USD will probably go up by 40 pips or more in the first 45 minutes of the report. If it comes out at -9.8 or more negative, AUD/USD will probably go down by 40 pips or more in the first 45 minutes of the report. Probably a trigger of 20 either way should work fine but recently we did not see too many big moves so I want to be a bit more careful.

We will also have Australian Unemployment Report coming out, if it conflicts with the Employment Report, I recommend staying out, but they almost never 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: Diamonds Forex Trading System (Trading News After The Spike) - Forex Peace Army Forum

For example: on February 10th, Australian Employment came out at 52.7, versus an expectation of 15.0. AUD/USD went up by 95 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 AUD Employment Change m/m

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

Private
Messages
18
Crazy Cat, thank you for all the tips on news trading you provide on this site!
 

digital_soul

Private, 1st Class
Messages
28
When using SNW, did anyone catch the spike on this one today??? It seems fast and brutal, I haven't used SNW yet but i'd imagine that even that wouldn't be great but I'm open to listening if people caught it or not.
 

habrys

Private, 1st Class
Messages
58
Yes, I made 24 pips on that one. Closed a bit too fast, could easily be over 40 even...
 

aorani

Recruit
Messages
6
Major Slippage

Hi, I did catch the spike and had a good profit. Just I have a question, I entered with a stop buy at 8675, but got filled at 8690... the move was so strong that it turned ok.

I tried the UK manufacturing later on and got 4 pip slippage... this time the move was much less important, and the trade was a loss.

I am new to news trading.
I am thinking my broker is not ok and I might need to change now.

Have you experienced slippage of this kind in major moves?
 

West Coast Pips

Sergeant
Messages
132
Hi, I did catch the spike and had a good profit. Just I have a question, I entered with a stop buy at 8675, but got filled at 8690... the move was so strong that it turned ok.

I tried the UK manufacturing later on and got 4 pip slippage... this time the move was much less important, and the trade was a loss.

I am new to news trading.
I am thinking my broker is not ok and I might need to change now.

Have you experienced slippage of this kind in major moves?
I experience slippage all the time with my broker. It is very common when trading news releases. Please can you share with us what broker you are using? Thank you.
 
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