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Forex Trading Signal 04/15/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Apr 15, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Sep 30, 2007
    Likes Received:
    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. 1: 4-15-2008review.swf

    HI-res. 2: 4-15-2008preview.swf

    Let's talk about Monday.

    At 3:30 a.m. we had Swedish CPI, and everything came out pretty high. It triggered a sell signal on EUR/SEK but it did not perform too well. The initial spike was around 300 pips but it was hard to make any money on the retracement. I took a small loss on it.

    At 4:30 a.m. we had UK PPI but I did not recommend to trade it so it was a no trade.

    At 8:30 a.m. we had U.S. Retails Sales. It came out exactly as expected but it was a little bit supportive for the USD/JPY. A no trade here.

    At 6:45 p.m. we had CPI out of New Zealand which came out 0.1 lower but not low enough to enter a trade. Another no trade here.

    At 7:01 p.m. we had UK RICS House Price Balance which deviated record low, a record decline since 1978. Initially it spiked down by about 15 pips and retraced greatly, allowing to enter a nice afterspike.

    Watch the video for more details.

    Let's talk about Tuesday.

    1. Tuesday, April 15th, 2008 (4:30 a.m. New York Time) UK
    At 4:30 a.m. we are going to have UK CPI headline y/y. It is expected to come out at 2.6%. I will use 0.2 deviation on this one. If it comes out at 2.8% or higher, I would buy GBP/USD. If it comes out at 2.4% or lower, I would sell GBP/USD. If the trigger is hit, I would look for about 40 pips of a price action. It used to be one of the best indicators but recently all CPI reports lost some attention. We will also need some agreement from the core and headline numbers, both m/m and y/y. If there are any conflicts, I would stay away from trading it.

    2. Tuesday, April 15th, 2008 (5:00 a.m. New York Time) GERMANY, EURO ZONE
    At 5:00 a.m. we are going to have German ZEW. It is expected to come out at -30 but the range of expectations is from -22.6 to -36. Recently the economists do a pretty good job in predicting this indicator so we did not have big deviations. Last month a deviation of around 5 was able to move the market somehow. I am going to trade it with 8 deviation. If it comes out at -38 or lower (more negative), I would sell EUR/USD. If it comes out at -22 or less negative, I would buy EUR/USD. If my trigger is hit, I would look for 25 to 30 pips of a price action but it could be even more if it agrees with the technicals.

    3. Tuesday, April 15th, 2008 (8:30 a.m. New York Time) USA
    At 8:30 a.m. we will have U.S. PPI. I don't think it is going to be a big deal. We will also have Empire State Business Conditions Index which I might move the market. However, sometimes when it hits a good trigger the price moves a lot whereas the other times it does nothing. I think I want to trade more predictable reports so I would skip that one. Sometimes less is more, right?

    4. Tuesday, April 15th, 2008 (9:00 a.m. New York Time) USA
    At 9:00 a.m. we will have U.S. TIC. This used to perform very well long time ago, then it stopped working, then at the end of 2007 we had three months in a row it worked well again, and then again it is not too predictable. I am going to skip this one.

    As always, watch the videos for additional informations.

    That's all for tomorrow.

    If you want to make some money on nice spikes, try Forex Secret News Weapon - they also offer 21 days money back policy so try it and see if you can grow your account that way. A nice thing about the SNW is it has not only the autoclick feature but it will also allow you to see other reports so you will immediately know if there are any conflicts, and therefore you would know if you should stay in the trade or get out, or maybe even reenter on the retracement. With a fast market moving I cannot imagine using websites for such informations that you need to know immediately.

    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 15, 2008
    Lasted edited by : Aug 15, 2015
  2. trapper

    trapper Recruit

    Apr 2, 2008
    Likes Received:
    Videos aren't working for me this week,have you had any other feedback or is it this *&%$#@^)*%@##^ computer? Worked great last couple of weeks but now nothing when I click on it. Thank's.
  3. Pharaoh

    Pharaoh Colonel

    Oct 3, 2007
    Likes Received:
    I just clicked on the first video and it worked fine for me.

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