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Forex Trading Signal 04/17/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Apr 16, 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.



    Let's first review what happened earlier today.

    At 4:30 a.m. we had UK Average Earnings Index + Bonus which came out a little higher but not high enough to enter a trade. It was a no trade.

    At 8:30 a.m. we had U.S. CPI which came out exactly as expected so no trade here either. We also had U.S. Housing Starts which barely hit our sell signal on USD/JPY. This report moved USD/JPY by around 20 pips, then retraced completely, and then it moved down by about 30 pips. It was possible and easy to make a few scalps so I hope you made a few pips here.

    At 9:15 a.m. we had U.S. Industrial Production which did not hit our trigger so it was a no trade. USD/JPY moved up by about 15 pips so it was not worthy to trade with 0.4 deviation. A no trade call was a good call here.

    Let's talk about Thursday.

    1. Thursday, April 17th, 2008 (7:00 a.m. New York Time) CANADA
    At 7:00 a.m. we will have Canadian CPI. I will be trading Core CPI m/m. It is expected to come out at 0.3%. If it comes out at 0.5% or higher, I would sell USD/CAD; if it comes out at 0.1% or lower, I would buy USD/CAD. If the trigger is hit, I would look for 40 pips of a price action. Make sure there is an agreement with the y/y number, and also be aware of the headline numbers. If there is a conflict with the headline numbers, the core number should win although the price move might be very muted so I would look for an exit as soon as possible.

    2. Thursday, April 17th, 2008 (10:00 a.m. New York Time) USA
    At 10:00 a.m. we will have Philadelphia Fed Index coming out. I like this indicator more and more, and I would trade it with about 10 trigger. If it comes out at -25 or lower, I would short USD/JPY. If it comes out at -5 or higher, I would buy USD/JPY. If the trigger is hit, I would expect about 35 pips of a price action here. This indicator performed very well in the past so it is worthy to take a look this time.

    That's all for tomorrow.

    If you want to make some money on nice spikes, try www.secretnewsweapon.com - 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 your trade or get out, or maybe even reenter on the retracement. With a fast market moving I cannot imagine checking on-line forex calendars which are really slow.

    If you are interested more in trading news, go to www.forexdiamonds.com 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 16, 2008
    Lasted edited by : Aug 15, 2015
  2. trapper

    trapper Recruit

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    A lot of Canadas economic news comes out at 7:00 AM New York time and I cannot find a TV station that covers that news at that time of day. The American stations do not cover the Canadian events for some reason and canadas Business news network does not start until 8:00 AM NY time. I can get the info on the stats Canada website but by the time I read through it the market is already moving. Do you know of any place that I can get this info imediately on release. Thank's. P.S. If this needs to be posted in any forum please let me know.
     
    #2 trapper, Apr 17, 2008
    Lasted edited by : Aug 15, 2015
  3. Pharaoh

    Pharaoh Colonel

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    Trapper,

    Click on the Calendar button from the top menu. You can even set a filter on it to only show Canadian news if you want to.
     
  4. FXLee

    FXLee Recruit

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    Check your links!

    Hi guys,

    Your link is not showing up and is reporting a media error that is unsupported. I may want to check out your services in the near future. Do not know where to go if link is not available?
     
  5. goodfella

    goodfella Recruit

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    I have used dailyfx.com and Trade The News, which has a subscription cost, but it pays for itself if you make profitable trades.
     

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