1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

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

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Mar 9, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Joined:
    Sep 30, 2007
    Messages:
    752
    Likes Received:
    0
    Hi there :)

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

    Wednesday, March 10th (4:30 am New York Time) UK

    We have UK Industrial Production coming out. It is expected to read 0.2. Last month it read 0.5.

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

    The trigger for this indicator is 2.0. This means that if UK Industrial Production comes out at 2.2 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 -1.8 or more negative, GBP/USD will probably go down by 35 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.

    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, Mar 9, 2010
    Lasted edited by : Sep 8, 2016
  2. habrys

    habrys Private, 1st Class

    Joined:
    Dec 14, 2009
    Messages:
    58
    Likes Received:
    0
    Such a nice move, over 60 pips down. And easy to trade, developing 6 minutes after news release...

    Sir Pipsalot recommended an 1.0 trigger, but it would be still too much to enter a trade today. I sometimes follow his more aggressive triggers, but this time after analyzing last charts, I thought that 2.0 (as recommended here) would be more appropriate.

    I know, I know, better no gain, than loss, but still my heart was aching when I observed it :) Ah well... let's wait for the Australian Employment...
     

Share This Page