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 24, 04:30 EST) German Manufacturing PMI

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Mar 23, 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 writing.

    On Wednesday, March 24th (04:30 am New York Time) we will have German Manufacturing PMI coming out. It is expected to read 56.7. Last month it read 57.2.

    I recommend staying out. I will not be trading it and the only reason I post this message is because some people ask for this report.

    Please read what this indicator means and how it affects the EUR/USD by going to this link: http://www.forexpeacearmy.com/forex...scriptions/7687-german-manufacturing-pmi.html

    The trigger for this indicator is 99999. This means: no trade.

    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 Manufacturing PMI

    Good luck!
    -Crazy Cat
     
    #1 Crazy Cat, Mar 23, 2010
    Lasted edited by : Sep 8, 2016
  2. cosmopolit

    cosmopolit Private

    Joined:
    Mar 21, 2008
    Messages:
    18
    Likes Received:
    0
    Do you think 99 will not be enough?
     
  3. West Coast Pips

    West Coast Pips Sergeant

    Joined:
    Sep 24, 2009
    Messages:
    132
    Likes Received:
    0
    Crazy Cat has made it very clear not to trade this report and I agree. German Flash Manufacturing PMI rarely provides any decent deviation to make this tradable. On top of that there is another report coming out that same time, German Flash Services PMI and this can potentially cause conflict.

    If you go back to Feb 19, 2010, you will see German Flash Manufacturing PMI deviated by 3.1 which could be seen as a decent triggger. However, there was no spike at all on this deviation: Forex news trading currency exchange charts

    Eur/usd did go long after this release but very slowly and am sure not as a consequence of the 3.1 deviation.

    DON'T trade every report that comes out. Some simply do not move the market. Stick with reports that do move the market if appropriate deviations come out. You will never see a deviation of 99 for this report either! If you still want to be awake around this time I suggest you look at safe triggers for German Ifo Business Climate at 5am EST.
     
    #3 West Coast Pips, Mar 23, 2010
    Lasted edited by : Sep 8, 2016
  4. Paul Destro

    Paul Destro Recruit

    Joined:
    Mar 12, 2010
    Messages:
    2
    Likes Received:
    0
    Where to

    Where can I find the economic figures I tried in vain to find a website that publishes the figures as soon as they are released but could not find the GBP CPI at anouncement time last night?:embarrassed:
     
  5. West Coast Pips

    West Coast Pips Sergeant

    Joined:
    Sep 24, 2009
    Messages:
    132
    Likes Received:
    0
    No website is going to give you the news data as soon as it comes out. The one that does come remotely close is this one: Forex Calendar @ Forex Factory. If you want to be be trading the news as soon as it comes out you need software like Secret News Weapon. Hope that helps.
     
  6. mumsie

    mumsie Private

    Joined:
    Feb 13, 2009
    Messages:
    4
    Likes Received:
    0
    Stay out of this trade

    Well you were right Crazy Cat. Good call. Glad I took your advice!
     

Share This Page