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Forex Trading Signal 02/19/09

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 19, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Sep 30, 2007
    Likes Received:
    Hey folks,

    Here is the video:

    Yesterday's data didn't really hit triggers, so not much to cover there, but it is important to note that newstime is creating a lot of rallies with or without help from the numbers, so stay biased towards the upside on most pairs if possible.

    0830 US PPI Core m/m (0.1% expected) - A "goldilocks" or high number should see some rallying pressure whereas a very low number may cause some selling pressure. Be careful and look for the other 3 PPI numbers to agree.
    If it comes out at 0.2% or higher, USD/JPY, EUR/USD, GBP/USD, and EUR/JPY should all see some slow upwards pressure and should be good for 30-50 pips of upside depending upon the pair.
    If it comes out at -0.2% or lower, EUR/USD and GBP/USD may see some downside pressure good for about 30 pips, but be careful of a potential reversal and maybe even look to take advantage of it.

    1000 US Philly Fed Index (-25.0 expected) - 1000 news like this is likely to cause an equity reaction and EUR/USD is the best pair to follow that on currently.
    If it comes out at -15 or higher, look to go long on EUR/USD for 30-40 pips.
    If it comes out lower expect an initial downwards reaction, but look to reverse it with a long back up to prerelease or higher.

    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

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