Hi my dear Trader 
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.
HI-res.: 02-22-2008.swf
Let's review what happened earlier today.
First of all, we had UK Retail Sales. The m/m came out at 0.8 versus 0.3 expected, definitely tradable. It moved about 80 pips on GBP/USD in the first 5 minutes. GBP/JPY moved about 160 pips in a first hour or so.
The U.S. Initial Jobless Claims came out exactly as expected so no trading opportunity.
The Philly Fed came out very low today again, and although I don't think this indicator is tradable, when it deviates so much, it can be.
Watch the video for more details.
Let's now talk about Friday.
1. Friday, February 22nd, 2008 (8:30 a.m. New York Time) CANADA
At 8:30 a.m. we will have Canadian Retail Sales coming out. I recommend trading the headline number but be aware if there is a conflict, the initial spike may be in direction of headline but then it may be muted or go the other way depending on numbers. I think 0.6 trigger can be used because every time we had 0.6 deviation or greater, we had pretty good price actions. It is expected it will came out at 0.7 (or sometimes 0.8). If the headline comes out at 1.4%, you may sell USD/CAD and look for 35 to 40 pips. If it comes out 0.2% or lower, you may want to buy USD/CAD and expect 35 to 40 pips in the first hour of the report.
That's all for tomorrow. As always, you can watch more detailed signal by clicking on the video link.
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
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.
HI-res.: 02-22-2008.swf
Let's review what happened earlier today.
First of all, we had UK Retail Sales. The m/m came out at 0.8 versus 0.3 expected, definitely tradable. It moved about 80 pips on GBP/USD in the first 5 minutes. GBP/JPY moved about 160 pips in a first hour or so.
The U.S. Initial Jobless Claims came out exactly as expected so no trading opportunity.
The Philly Fed came out very low today again, and although I don't think this indicator is tradable, when it deviates so much, it can be.
Watch the video for more details.
Let's now talk about Friday.
1. Friday, February 22nd, 2008 (8:30 a.m. New York Time) CANADA
At 8:30 a.m. we will have Canadian Retail Sales coming out. I recommend trading the headline number but be aware if there is a conflict, the initial spike may be in direction of headline but then it may be muted or go the other way depending on numbers. I think 0.6 trigger can be used because every time we had 0.6 deviation or greater, we had pretty good price actions. It is expected it will came out at 0.7 (or sometimes 0.8). If the headline comes out at 1.4%, you may sell USD/CAD and look for 35 to 40 pips. If it comes out 0.2% or lower, you may want to buy USD/CAD and expect 35 to 40 pips in the first hour of the report.
That's all for tomorrow. As always, you can watch more detailed signal by clicking on the video link.
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
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