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: 5-9-2008.swf
Let's talk about Thursday.
The UK and EURO interest rate announcements came out as expected so it was just a no trade.
The U.S. Initial Jobless Claims came out very close to expectations so it was a no trade too.
Trichet did not bring anything new. Watch the video for more details.
Let's talk about Friday.
1. Friday, May 09th, 2008 (4:00 a.m. New York Time) NORWAY
At 4:00 a.m. we are going to have Underline CPI y/y out of Norway. It is expected to come out 2.3%, and usually this is the first one in a row that is announced. I would trade it with 0.2 trigger. If it comes out at 2.5% or higher, it would be a sell signal on EUR/NOK or USD/NOK, looking for 300 to 400 pips of a price action. If it comes out at 2.1% or lower, it would be a buy signal on EUR/NOK or USD/NOK, looking for 300 to 400 pips of a price action as well. If we get 0.3 or 0.4 trigger, the price may move by 500 pips.
2. Friday, May 09th, 2008 (7:00 a.m. New York Time) CANADA
At 7:00 a.m. we are going to have Canadian Employment Change. It is expected to come out at 10K, and the unemployment rate is expected to come out at 6.0%. This is a great indicator but it tends to pop really hard and really fast. I would use 20K triggers here. If it comes out at 30K or higher, I would sell USD/CAD, expecting 50 pips of a price action. If it comes out at -10K or lower, I would buy USD/CAD and expect 50 pips move as well. Watch out for conflicts with the unemployment rate. I also recommend you to watch the video for more details.
That's all for Friday.
We will have no trades on Monday.
If you want to make some money on nice spikes, try The 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 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 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: 5-9-2008.swf
Let's talk about Thursday.
The UK and EURO interest rate announcements came out as expected so it was just a no trade.
The U.S. Initial Jobless Claims came out very close to expectations so it was a no trade too.
Trichet did not bring anything new. Watch the video for more details.
Let's talk about Friday.
1. Friday, May 09th, 2008 (4:00 a.m. New York Time) NORWAY
At 4:00 a.m. we are going to have Underline CPI y/y out of Norway. It is expected to come out 2.3%, and usually this is the first one in a row that is announced. I would trade it with 0.2 trigger. If it comes out at 2.5% or higher, it would be a sell signal on EUR/NOK or USD/NOK, looking for 300 to 400 pips of a price action. If it comes out at 2.1% or lower, it would be a buy signal on EUR/NOK or USD/NOK, looking for 300 to 400 pips of a price action as well. If we get 0.3 or 0.4 trigger, the price may move by 500 pips.
2. Friday, May 09th, 2008 (7:00 a.m. New York Time) CANADA
At 7:00 a.m. we are going to have Canadian Employment Change. It is expected to come out at 10K, and the unemployment rate is expected to come out at 6.0%. This is a great indicator but it tends to pop really hard and really fast. I would use 20K triggers here. If it comes out at 30K or higher, I would sell USD/CAD, expecting 50 pips of a price action. If it comes out at -10K or lower, I would buy USD/CAD and expect 50 pips move as well. Watch out for conflicts with the unemployment rate. I also recommend you to watch the video for more details.
That's all for Friday.
We will have no trades on Monday.
If you want to make some money on nice spikes, try The 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 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 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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