Hi there my Forex friend
Sorry for the very late signal, but with no news Monday or Tuesday, there isn't much to preview.
On Friday the UK numbers came in pretty mixed, so there was a whipsaw with an initial selloff followed by a steep rally more based on technicals and order flows than fundamentals. CAD employment came in just a bit low, missing out triggers so that was no trade. Nonfarm payrolls came in very near expectations which made the market shoot up initially and then retrace all of it very quickly. Our strategy to ignore the numbers and trade against the initial move and continue to trade the volatility worked beautifully and we had a very nice trade on it in the room.
Our EUR/USD short bias, position, or whatever you want to call it is continuing to look good after the weekend. I expect it to retest its lows in the 1.23 to 1.25 range and most likely break them at some point. Again, calling for anther 3000 pip move down in EU is a pretty bold move and nothing's 100% in these markets, but I've been preaching it since above 1.4 in mid December, so as far as I'm concerned, it's already 25% there. If the overall major outlook changes I'll try my best to let you all know.
Our first news worth trading this week is US Retail Sales X Autos on Wednesday morning, so I'll be doing a preview for that and other trades on Tuesday evening. If you're a Diamonds member, to break up the monotony I'll be running an informal tutoring session on position trading during Tuesday's European session starting at 1am EST for 2-3 hours. For everyone else, I'll speak to you with a video signal on Tuesday night/Wednesday morning.
TRADE LIVE WITH SIR PIPS FOR $39.00 FOR 2 WEEKS
Sir Pipsalot has a live trading room, in which he trades these news reports. There, he shares his trades in real time, including exact entries and exits, and detailed explanation for every entry and exit. The service costs $299 per month, but we have a 14-days $39.00 trial. Go to Forex Diamonds and take advantage of this offer. This offer is for NEW customers only.
To our success,
Sir Pipsalot
Sorry for the very late signal, but with no news Monday or Tuesday, there isn't much to preview.
On Friday the UK numbers came in pretty mixed, so there was a whipsaw with an initial selloff followed by a steep rally more based on technicals and order flows than fundamentals. CAD employment came in just a bit low, missing out triggers so that was no trade. Nonfarm payrolls came in very near expectations which made the market shoot up initially and then retrace all of it very quickly. Our strategy to ignore the numbers and trade against the initial move and continue to trade the volatility worked beautifully and we had a very nice trade on it in the room.
Our EUR/USD short bias, position, or whatever you want to call it is continuing to look good after the weekend. I expect it to retest its lows in the 1.23 to 1.25 range and most likely break them at some point. Again, calling for anther 3000 pip move down in EU is a pretty bold move and nothing's 100% in these markets, but I've been preaching it since above 1.4 in mid December, so as far as I'm concerned, it's already 25% there. If the overall major outlook changes I'll try my best to let you all know.
Our first news worth trading this week is US Retail Sales X Autos on Wednesday morning, so I'll be doing a preview for that and other trades on Tuesday evening. If you're a Diamonds member, to break up the monotony I'll be running an informal tutoring session on position trading during Tuesday's European session starting at 1am EST for 2-3 hours. For everyone else, I'll speak to you with a video signal on Tuesday night/Wednesday morning.
TRADE LIVE WITH SIR PIPS FOR $39.00 FOR 2 WEEKS
Sir Pipsalot has a live trading room, in which he trades these news reports. There, he shares his trades in real time, including exact entries and exits, and detailed explanation for every entry and exit. The service costs $299 per month, but we have a 14-days $39.00 trial. Go to Forex Diamonds and take advantage of this offer. This offer is for NEW customers only.
To our success,
Sir Pipsalot