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Forex Trading Signal 05/23/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, May 23, 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: 5-23-2008part1.swf

    Hi res: 5-23-2008part2.swf

    The UK Retail Sales came out higher by 0.3 but did not hit my trigger so it was a no trade. The price went up so much because it was very dollar weak week so any excuse is good to sell the dollar now. Watch the video for a good explanation.

    At 8:30 we had Canadian Retail Sales and U.S. Initial Jobless Claims. Both were no trades but watch the video for extra comments.

    Let's talk about Friday.

    1. Friday, May 23rd, 2008 (4:30 a.m. New York Time) UK
    At 4:30 a.m. we will have UK GDP coming out. If the q/q comes out at 0.5% or higher and and y/y comes out at 2.6% or higher, I would go long on GBP/USD and look for 30 pips move. With 0.6% and 2.7% numbers, you can expect much bigger move. If m/m comes out at 0.3% or lower and the y/y comes out at 2.4% or lower, I would short GBP/USD and look for 30 pips move.

    2. Friday, May 23rd, 2008 (10:00 a.m. New York Time) USA
    At 10:00 a.m. we will have U.S. Existing Home Sales coming out. It is expected at 4.85M. They are expecting a pretty bad number. If it comes out at 4.95 M or higher, I would buy USD/JPY, looking for 30 pips of price action. If it comes out at 4.69 M, I would sell USD/JPY and expect 30 to 40 pips as well.


    That would be all for Friday.

    There are no news on Monday so please enjoy long weekend.

    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
    #1 Crazy Cat, May 23, 2008
    Lasted edited by : Aug 15, 2015
  2. Manuel

    Manuel Recruit

    May 22, 2008
    Likes Received:
    Hi Crazy Cat and Sir Pips,
    Thank you for the information.
    I have some questions: does you broker operate news? Does he/she follow your stop loss orders when operating news? Have you had any gaps after the news are released? What have you done then (with the orders)? Does your broker operate OCO (one cancels the other) orders? Does he/she uses trailing stops in those cases too?

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