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

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jul 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, 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...ns/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
     
    #1 Crazy Cat, Jul 6, 2010
    Lasted edited by : Sep 8, 2016
  2. Rico

    Rico Private

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    Crazy Cat, thank you for all the tips on news trading you provide on this site!
     
  3. digital_soul

    digital_soul Private, 1st Class

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    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.
     
  4. habrys

    habrys Private, 1st Class

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    Yes, I made 24 pips on that one. Closed a bit too fast, could easily be over 40 even...
     
  5. aorani

    aorani Recruit

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    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?
     
  6. West Coast Pips

    West Coast Pips Sergeant

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    Hey Habrys

    Glad that you made some pips on this report. Would you care to tell me what broker you are using please?

    Thanks

    WCP
     
  7. West Coast Pips

    West Coast Pips Sergeant

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    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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