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.: 04-01-2008.swf
Let's first review what happened earlier today.
The Euro Zone CPI deviated well enough to enter a trade if, of course, the triggers were provided. Because I said to skip that report, it was a no trade. It was a good call because the price went the other way. We did not enter a losing trade, and it is a good thing.
Canadian GDP came out slightly higher than expected but not high enough to hit our triggers. It was a good no trade signal because after a minimal drop on USD/CAD the price went the other way.
The Chicago PMI did not deviate a lot but even if it did, it would be a no trade anyway.
The Australian Interest Rate statement came out as expected so a no trade here.
Let's talk about Tuesday.
1. Tuesday, April 1st, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK Manufacturing PMI. I will not be trading it myself; therefore, I don't recommend trading it. The Manufacturing PMI just did not perform well enough to take a risk and enter a trade. If you really want to trade it, use 1.5 trigger on it.
2. Tuesday, April 1st, 2008 (10:00 a.m. New York Time) USA
At 10:00 a.m. we will have U.S. ISM Manufacturing coming out. It is expected to come out at 47.5. I will use 1.5 trigger on this one. A trigger of 1.0 may move the market but it might be a bit risky. Therefore, if it comes out at 49 or higher, it would be a buy signal on USD/JPY; if it comes out at 46 or less, it would be a sell signal on USD/JPY. If either trigger is hit, look for 45~50 pips of a price action. If the signal agrees with the trend, the move might be even bigger.
That's all for tomorrow.
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.: 04-01-2008.swf
Let's first review what happened earlier today.
The Euro Zone CPI deviated well enough to enter a trade if, of course, the triggers were provided. Because I said to skip that report, it was a no trade. It was a good call because the price went the other way. We did not enter a losing trade, and it is a good thing.
Canadian GDP came out slightly higher than expected but not high enough to hit our triggers. It was a good no trade signal because after a minimal drop on USD/CAD the price went the other way.
The Chicago PMI did not deviate a lot but even if it did, it would be a no trade anyway.
The Australian Interest Rate statement came out as expected so a no trade here.
Let's talk about Tuesday.
1. Tuesday, April 1st, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK Manufacturing PMI. I will not be trading it myself; therefore, I don't recommend trading it. The Manufacturing PMI just did not perform well enough to take a risk and enter a trade. If you really want to trade it, use 1.5 trigger on it.
2. Tuesday, April 1st, 2008 (10:00 a.m. New York Time) USA
At 10:00 a.m. we will have U.S. ISM Manufacturing coming out. It is expected to come out at 47.5. I will use 1.5 trigger on this one. A trigger of 1.0 may move the market but it might be a bit risky. Therefore, if it comes out at 49 or higher, it would be a buy signal on USD/JPY; if it comes out at 46 or less, it would be a sell signal on USD/JPY. If either trigger is hit, look for 45~50 pips of a price action. If the signal agrees with the trend, the move might be even bigger.
That's all for tomorrow.
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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