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Forex Trading Signal 01/14/09

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jan 14, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hello!

    Here is the video:
    01-14-2009.swf

    Nothing really to review other than Trade Balance figures we weren't trading coming in a lot better than expected and actually giving the USD/JPY some decent upside. Let's look forward to Wednesday the 14th.

    0830 EST US Retail Sales X Autos, -1.4% expected. No triggers here as I recommend trading against the initial surge in either direction as these numbers are likely to produce a whipsaw particularly on the USD/JPY.

    1930 EST AU Employment Change, -20K expected. 25-30K triggers should work, but don't hold this trade for too long.
    If it comes out at 5K or higher, a long on AUD/USD should be good for 30-40 pips
    If it comes out at -50K or lower, a short on AUD/USD should be good for 30-40 pips

    Watch the video if you'd like some more information on the news or to hear some rambling commentary on the EUR/USD, the stock market, and position trading in general.

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    Sir Pipsalot
     
  2. Mark Harding

    Mark Harding Corporal

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    Thanks SP.

    I'm long eu at 3232 sl 3130.

    All the best

    Mark
     
  3. Sir Pipsalot

    Sir Pipsalot Former FPA Special Consultant

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    Why do you keep going long on EU when I keep reiterating how it's a long term short? Just wondering if it's actually working for you.
     

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