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Forex Trading Signal 04/02/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Apr 1, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    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.: 04-02-2008.swf

    Let's review Tuesday first.

    At 4:30 a.m. we had UK Manufacturing PMI which came out very close to expectations. It was a no trade.

    At 10:00 a.m. we had U.S. ISM Manufacturing Index coming out. It was expected to come out at 47.5, and the buy trigger was 49 or higher. It came out at 48.6 so it was close to a buy signal but still no trade. Also, U.S. ISM Manufacturing Prices came out very high, and it would be a good speculative buy trade here. USD/JPY was on up trend too so even smaller numbers could move the market well. Nevertheless, It was a no trade anyway. Watch the video for more details.

    Let's talk about Wednesday.

    1. Wednesday, April 2nd, 2008 (8:15 a.m. New York Time) USA
    At 8:15 a.m. we will have U.S. ADP Employment Change. The consensus has changed a little and now it is expected at -45K (not -30K anymore). There are people expecting it come out as low as -120K but most economists expect it to come out between 0 and -90K, with a consensus of -45K. Therefore, if it comes out at -100K or lower, it would be a clear sell signal on USD/JPY; if it comes out at 0 or positive, it would be a good buy on USD/JPY opportunity. Remember, the ADP indicator is leading us to the NFP on Friday.

    U.S. Indicators from this month will be very important because they will hint whether or not the U.S. GDP will be negative this month. However, a lot of negativity is priced in right now so some bad news can be muted and good news can rally really well. *Watch the video for more details*.

    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
     
    #1 Crazy Cat, Apr 1, 2008
    Lasted edited by : Aug 15, 2015
  2. Contest Director

    Contest Director 1st Lieutenant

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    Thread hijack in progress

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    #2 Contest Director, Apr 2, 2008
    Last edited: Apr 2, 2008
  3. fxpanther

    fxpanther Banned

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    Different ADP expectation

    - Consensus Expectation 45Ke v -23K prior
     
  4. fxpanther

    fxpanther Banned

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    Now, I look stupid :), because the expectation was -45K, but
    I swear TTN posted 45K first, as it shown here. Then changed it.

    Anyway......
     
  5. Pharaoh

    Pharaoh Colonel

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    Now the expectations are changing too? AAAIIEEE!!!
     

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