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Forex Trading Signal 02/12/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 11, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    This is Sir Pips.

    If you wish to watch the video, just click on it, and then click on "play" icon. My video version is MUCH MORE detailed so I encourage you to watch it.





    Part 1: HI-res.: 02-12-2008review.swf

    Part 2: HI-res.: 02-12-2008preview.swf

    Let's first review what happened on Monday.

    On Monday we had two reports coming out.

    Norway CPI headline came out close to expectations but the underline inflation number came out high by 0.2 on m/m and by 0.3 on y/y. The market reacted pretty quickly moving price by roughly 400 pips. It came out about 1 minute late and also through smaller news services so by the time bigger news services got the number, the move already happened. At least you know what to expect and know how to trade it if next time the news is on time.

    Then we had UK Trade Balance coming out very close to expectations but the PPI was a star here. It came out way better than expected; I normally don't trade the PPI number because it is not in focus but, as someone said in Diamonds room, when ANY smaller indicator has a record deviation, it can move the market well. This is what happened today. If you are interested in more details, watch the video.

    Let's now talk about Tuesday.


    1. Tuesday, February 12th, 2008 (4:30 a.m. New York Time) UK
    At 4:30 a.m. we will have UK CPI coming out. There will be a lot of speculations about high inflation because the PPI just came out record high today. However, historically there was not any strong relationship between big CPI and big PPI numbers. The headline CPI is expected to come out at 2.3%. Sell trigger will be more safe because if the CPI comes out low, it would be a big surprise so I will widen a buy trigger a little bit. If it comes out at 2.6% or higher (on y/y headline), then I would buy GBP/USD, looking for 40 to 50 pip of a price action in the first hour. If it comes out at 2.1% or lower, I would sell GBP/USD and look for 40 to 50 pips as well. If it comes out at 2.2% it may still be enough to sell but it will all depend on pre-release price action. If you want to play safe, stick with 2.1% trigger.

    2. Tuesday, February 12th, 2008 (5:00 a.m. New York Time) GERMANY, EURO ZONE
    At 5:00 a.m. we will have German ZEW. I would not worry to much about it; sometimes it moves a little, some other times it is a waste of time. If it is going to deviate extremely high like PPI today, then you would get some price action but such miracles happen once a blue moon.

    3. Tuesday, February 12th, 2008 (4:45 p.m. New York Time) NEW ZEALAND
    At 4:45 p.m. we will have New Zealand PPI but it also will not create big moves unless the deviation is huge. If you have nothing better to do, you can look for crazy deviations.

    4. Tuesday, February 12th, 2008 (7:01 p.m. New York Time) UK
    At 7:01 p.m we will have UK RICS House Price Balance which may be a good one to get a few pips out of it. It is expected to come out at -52%. -50% is kind of low, you will not see -80% or -90%, so they expect record low this month. I would trade it with 5% trigger. If we see -57% or more negative, I would be selling GBP/JPY, looking for 40 to 60 pips in a first hour of the report. If it comes out at -47% or less negative, I would buy GBP/JPY and look for 40 to 60 pips. We may even see 100 pips move.

    If you are interested more in trading news, go to Forex Diamonds - News Trading Education as I am trading there all of mentioned indicators live. Join the room, and get a lot of education from me and other traders that are there. I post trade plans and talk about the trades as well as give entry and exit signal live while the market moves. You can try it with no risk for 21 days so if you don't like it it is free. If you find it useful, then you can stick with us and make grow you live account with us. I am pretty sure you will be satisfied but at least give a try.

    Thank you and good luck with your trades.

    To Our Success!
    -Sir Pipsalot



    The video with the signal is recorded by Sir Pipsalot.
    For your convenience, this text is written based on the video by Crazy Cat
     
    #1 Crazy Cat, Feb 11, 2008
    Lasted edited by : Aug 15, 2015
  2. Glorybound

    Glorybound Recruit

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    More Information On Norway

    Thank you very much Sir Pips. With your colleagues, you all are doing great works.

    Please where can I get more information on Norway? The data was not mentioned at Forexfactory.
     
  3. MYJ

    MYJ Private

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    I tought UK RICS House Price Balance is on 13th Feb.
     
  4. tornochico

    tornochico Recruit

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    info

    If i were to join the diamond.com could i still work my day job and do this part time, and what would i have to do to be able to make 4,000 to 5,000 dls. a month and is it possible:)
     
  5. MYJ

    MYJ Private

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    diamond.com

    tornochio...
    I have asked similar questions but it seems that nobody came up to say anything... strange?

    MYJ
     
  6. OzWizard

    OzWizard Corporal Punishment

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    Nothing STRANGE.....

    ... but your "un - informed " questions!!!

    1) We all think in USD or EUROs... WTF is dllll" anyway....?

    2) Who is going to get your HOPES up to make $$ without knowing ANYTHING about you!!!

    Trading is TRADING and trading is INDIVIDUAL!!!!!!!!!!!!!!!

    READ, LEARN, STUDY.... then go get your ASS kicked in a trading account!

    'I call it the school of HARD KNOCKs!"

    Sorry to be so rude, but I am tired of reading all these 'cry-baby' posts!

    OZ in " If ya can't run with the BIG DOG's, stay on the PORCH! " Land :nerd:
     

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