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

Forex Signal (Wed, May 05, 21:30 EST) Australian Retail Sales m/m

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, May 4, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Sep 30, 2007
    Likes Received:
    Hi there :)

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

    Wednesday, May 05th (21:30 New York Time) Australia

    We have Australian Retail Sales m/m coming out. It is expected to read 0.7. Last month it read -1.4.

    I recommend trading AUD/USD for this report.

    Typically it is a good report to trade.

    Please read what this indicator means and how it affects the AUD/USD by going to this link: http://www.forexpeacearmy.com/forex...escriptions/7343-australian-retail-sales.html

    The trigger for this indicator is 0.7. This means that if Australian Retail Sales m/m comes out at 1.4 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 0.0 or negative, AUD/USD will probably go down by 40 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...l-sales-after-spike-retracement-strategy.html

    For example: on March 30th, Australian Retail Sales m/m came out at -1.4 versus an expectation of 0.3. AUD/USD went down by over 50 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 AUD Retail Sales m/m

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

    Fifix Recruit

    Mar 13, 2008
    Likes Received:
    Sweet !

    Caught 17 pips on this one ! Thanks Crazy Cat ! :)

Share This Page