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Forex Signal (Wed, May 05, 10:00 am EST) US ISM Non-Manufacturing Composite

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, May 4, 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, May 05th (10:00 am New York Time) USA

    We have US ISM Non-Manufacturing Composite coming out. It is expected to read 56.0. Last month it read 55.4.

    This is still a minor report to trade so feel free to skip it.

    I recommend trading USD/JPY for this report.

    Please read what this indicator means and how it affects the USD/JPY by going to this link: http://www.forexpeacearmy.com/forex...scriptions/7375-us-ism-non-manufacturing.html

    The trigger for this indicator is 4.0. This means that if US ISM Non-Manufacturing comes out at 60.0 or more, USD/JPY will probably go up by 25 pips or more in the first 45 minutes of the report. If it comes out at 52.0 or less, USD/JPY will probably go down by 25 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...cturing-after-spike-retracement-strategy.html

    For example: on April 05th, US ISM Non-Manufacturing came out at 55.4, versus an expectation of 54.0. USD/JPY went up by around 20 pips but that would be a no trade anyway. Nevertheless, 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 USD ISM Non-Manufacturing Composite

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, May 4, 2010
    Lasted edited by : Sep 8, 2016
  2. drnatural

    drnatural Recruit

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    I cant find...

    your suggestion for a different money making situation posted in the last week I think...could you repost?
     

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