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

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Mar 1, 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, march 03rd at 4:28 am New York Time we will have UK Services PMI coming out. It is expected to read 55.0. Last month it read 54.5.

    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 1.0. This means that if UK Services PMI comes out at 56.0 or more, GBP/USD will probably go up by 35 pips or more in the first 45 minutes of the report. If it comes out at 54.0 or less, GBP/USD will probably go down by 35 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...ces-pmi-after-spike-retracement-strategy.html

    For example: on February 3rd, UK Services PMI came out at 54.5, versus an expectation of 56.5. GBP/USD went down by 45 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
     
    #1 Crazy Cat, Mar 1, 2010
    Lasted edited by : Sep 8, 2016
  2. Dubai

    Dubai Private, 1st Class

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    Hi Crazy,

    Thanks for the info.

    I've purchased FEN/SNW and have a couple of questions I'd like to ask you. How do you control your SL once you're in a trade? Worst case scenario, the trigger hits and SNW sends you in but PA goes the opposite way, within seconds you could be 100 pips down etc. Is there anyway to control the SL?
     
  3. semiu

    semiu Recruit

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    In the example, it came out at 54.5, versus an expectation of 56.5. GBP/USD went up by 45 pips. You wanted to say went down, I supposed. It is clear from the chart link though.
     
  4. West Coast Pips

    West Coast Pips Sergeant

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    Error

    Hi Crazy Cat

    Just to let you know, this sentence of yours, 'For example: on February 3rd, UK Services PMI came out at 54.5, versus an expectation of 56.5. GBP/USD went up by 45 pips' should maybe say GBP/USD went down by 45 pips.

    Thanks!
     
  5. Dubai

    Dubai Private, 1st Class

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    Couldn't get filled by my broker for the news. Got a requote so missed the big move! ARGH...

    SNW didn't work for me then.
     
  6. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    same here, no luck this time. Bot I got a fill on previous two reports.
     
  7. gholmali

    gholmali Recruit

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    Got filled and grabbed 30 pips, nice move!

    Hi crazy cat,

    would you please just tell me what brokers you use for news trading.
     
  8. Boko Maru

    Boko Maru Sergeant

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    :) Can't help but chuckle a little....but if you do decide to give in, go ahead and let me know too :)
     
  9. jacenty007

    jacenty007 Private

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    Same question from me as gholmali asked. Which broker is preferred for news trading?
    With this report my pending order was cancelled by dealer:( So many pips flew away.... ehhh!
     

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