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Forex Trading Signal 03/17/09

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

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    Here is the video:
    03-17-2009.swf

    Yesterdays news we were purposefully not trading since it the market was bound to shrug it off, and that was indeed the case with the US Empire State Manufacturing Survey which came in about 8 below expectations but only saw a 10 pip fakeout on EU and UJ. Tomorrow though there are some better opportunities:

    0600 German ZEW Economic Sentiment (-8 expected) - Try to wait for a good retracement on this one before getting in since it's made a habit of doing that lately.
    If it comes out at 2 or higher, EUR/USD should go up by 20-40 pips.
    If it comes out at -18 or lower, EUR/USD should go down by 20-40 pips.

    0830 US Core PPI m/m (0.1% expected) - There are 3 other PPI numbers coming out, so look for some agreement there. This trade should work on EUR/USD, USD/JPY and EUR/JPY in the same directions, but one or more of those pairs might not be set up ideally for a certain direction heading into the news... here's my best guess as to how it should be played based on the varying inflation vs deflation theme:
    If it comes out at 0.4% or higher, try buying a 10-30 pip quick dip lower on the EUR/JPY and look for 40+ pips of profit.
    If it comes out at -0.2% or lower, try selling a 10-20 pip quick spike higher on the USD/JPY and look for 30+ pips of profit.
    On a side note, watch out for a higher than expected US Housing starts at the same time. A bad number will likely get ignored, but a much better number will get more attention and lead to buying pressure.

    TRADE LIVE WITH SIR PIPS FOR $39.00 FOR 2 WEEKS
    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
     
  2. Wizeman

    Wizeman Recruit

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    Diamond Room

    Hi Sirpip,

    I tried to email you twice to get in for a trial in the diamondroom since last week at payments@forexdiamonds.com but never got any reply. Is it I'm using the wrong email to get in touch with you?

    Thanks
     
  3. Mark Harding

    Mark Harding Corporal

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    Thanks SP.
     
  4. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    For the trial, go to Forex Diamonds - this is automated process, I do not do it over email.

    Thanks,
    Crazy Cat
     

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