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Forex Trading Signal 02/04/09

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 4, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Sep 30, 2007
    Likes Received:
    Hey folks,

    Here is the video:

    Nothing to review from Tuesday, let's preview Wednesday:

    0430 UK Services PMI (40.3 exp) - This has been a surprisingly reliable trade so I think we can afford to trade tighter triggers.
    If it comes out at 41.5 or higher, GBP/USD should go up by 35-50 pips.
    If it comes out at 39.0 or lower, GBP/USD should go down by 35-50 pips.

    0815 US ADP Employment Change (-535K exp) - This one really got the markets moving last month in a very firm direction that was good not only for a scalp/swing, but also for a position trade we've enjoyed. We can't expect quite as much from it this month, but it still should give a good trade with a decent enough surprise.
    If it comes out at -475K or higher, it should be good for a quick USD/JPY long, or a more medium term EUR/JPY long.
    If it comes out at -694K or lower, it should be good for a quick USD/JPY short, or a more medium term EUR/JPY short.

    1000 US ISM Non-Manufacturing (39.0 exp) - No triggers for this one because I recommend trading AGAINST a short term spike as it is unlikely to hold on with this forgotten indicator. If there is a decent surprise and the market reacts with a somewhat sharp move in that first minute or two, play a reversal and try to cash in on a run back to prerelease and potentially well beyond if you're patient and the market has the will to go there.

    1645 NZ Employment Change q/q (-0.7 exp) - This one's great for a quick SNW type spike trade, but probably not good for much reliable after spike activity.
    If it comes out at -0.2% or higher, NZD/USD should spike up by 30 pips.
    If it comes out at -1.2% or lower, NZD/USD should spike down by 30 pips.

    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.

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    Sir Pipsalot

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