Forex Trading Signal 05/12/08

Crazy Cat

Former FPA Special Consultant
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: 5-12-2008.swf

On Friday we had two possible trading opportunities.

First, we had Norway CPI coming out. It did not deviate enough to let us enter into a trade. No trade here. Please watch the video for price action analysis.

Then we had Canadian Employment Change coming out. It deviates by nearly +10K, not enough to let us enter a trade. The unemployment came out a little worse so it was conflicting. No trade here. Watch the video for detailed price analysis.

We also had Canadian and U.S. Trade Balance but it was not in the text format in the last signal, so no text review either. If you are interested in this review, watch the video.

There are no reports on Monday that I feel are tradable. We have UK GBP and PPI but would be to tricky to trade, especially if they are conflicting. I just recommend to skip them.

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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