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Forex Trading Signal 05/27/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, May 27, 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.



    Hi res: 5-27-2008.swf

    I hope you had a great weekend. I surely did.

    Let's first review what happened on Friday.

    First, we had UK GDP. It came out as expected so it was a no trade.

    US Existing Home Sales came out slightly higher than expected but not high enough to enter a speculative trade.

    Let's talk about Tuesday.

    1. Tuesday, May 27th, 2008 (9:00 a.m. New York Time) USA
    At 9:00 a.m. we will have S&P/CS Comp-20 House Price Index coming out. I would not trade it.

    2. Tuesday, May 27th, 2008 (10:00 a.m. New York Time) USA
    At 10:00 a.m. we will have U.S. New Home Sales which is expected to come out at 523K. This report can move the market so we can try to trade it. 20 to 30 K deviation should be enough to move the market. In 1991 we had 525.7K so the expectation is very low. If we get 499K or lower, I think it should be shocking enough to enter short USD/JPY, expecting a move of 35 pips. On the other hand, positive surprises have been doing better than negative surprises although I am not sure if it will be the case here this time. The most optimistic estimate is 570K. So if it comes out at 571K or higher, I would buy USD/JPY and look for 35 pips pips as well.

    That would be all for Tuesday.

    If you want to make some money on nice spikes, try The Secret News Weapon - they also offer 25 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!
    -Crazy Cat & 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 27, 2008
    Lasted edited by : Aug 15, 2015

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