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Forex Trading Signal 02/17/09

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 17, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hey Folks,

    Here is the video:
    02-17-2009.swf

    Nothing to really review from yesterday other than we just got that break below 1.27 on the EUR/USD we were looking for... so next stop 1.2400's it looks like. On Tuesday we have 2 bits of news I think are worth trading:

    0430 UK CPI y/y (headline) (2.7% expected) - I would look to short this one either way if there's a big surprise, if not, trade the volatility/range.
    If it comes out at 2.9% or higher, expect an initial rally of 10-30 pips, followed by a larger selloff and try to get short towards the top of that initial rally for 20-40 pips of downside.
    If it comes out at 2.4% or lower, look to get short with a wide stoploss in case there's some volatility and look to capture a more medium term move lower on deflationary concerns.

    0500 German ZEW Economic Sentiment (-25.0 expected) - This indicator has lost some steam, so it might only make 20 pips or so intially and get stuck in a range around prerelease. I think you should be patient and wait for a pullback to the bottom of a range, then get in line with a larger surprise, but try not to hold the trade for more than an hour.
    If it comes out at -15.0 or higher, look to get long on EUR/USD for 20-40 pips.
    If it comes out at -35.0 or lower, look to get short on EUR/USD for 20-40 pips.

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  2. ChrisEccles

    ChrisEccles Private, 1st Class

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    Euro blues not all bad

    "... we just got that break below 1.27 on the EUR/USD we were looking for... so next stop 1.2400's it looks like ..."
    -
    Eurobanks must have had a policy on this, even though it didn't reach the
    wires. I didn't expect 1.24, or even 1.25. Actually, I just jumped on the mini
    rally around 07:10 GMT, watched my position turn briefly to what the French
    would call le grande merd, then took my 5 pips at 1.2646 just after London opened !
    -

    Chris
     
  3. Lorenco222

    Lorenco222 Recruit

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    First of all,i would like to tell you that my english is not very good,so excuse me :unhappy: .I observe this signals for 1-2 month and am trying to understand it so i ask a little bit of stupid questions (excuse me again :) ).So..For today "German ZEW Economic Sentiment" indicator moves the price as predicted ,but :



    0430 UK CPI y/y (headline) (2.7% expected) - I would look to short this one either way if there's a big surprise, if not, trade the volatility/range.
    If it comes out at 2.9% or higher, expect an initial rally of 10-30 pips, followed by a larger selloff and try to get short towards the top of that initial rally for 20-40 pips of downside.


    "If it comes out at 2.9% or higher" sell...am i right?Because it comes 3.0% and i took short (sell)
    and on both GBPJPY and GBPUSD charts the price is growing up.Does I am making mistake or this prediction wrongs ?
     

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