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Forex Trading Signal 06/18/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jun 18, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there my friend ;)

    Let's first review what happened on Tuesday.

    Well, Tuesday was a great day, at least for me. We had two good trading opportunities.

    At 4:30 we had UK CPI. Although recommended safe trigger was +0.2, I also wrote I will try to make a few pips with +0.1 deviation on the headline number. It was meant to be a fast in-and-out. The price moved by over 40 pips but of course there was a higher spread as well. I managed to make between 18 to 25 pips on this report, which is good. I hope you made a few pips too.

    Then we had German ZEW coming out. The deviation was pretty good but it was another fast in-and-out type of trade. I made around 15 pips on this report which is pretty good too.

    I decided not to trade any of the reports at 8:30 a.m. We did not get any significant deviations either so it would be a no trade anyway. PPI headline deviated by +0.4 but there was completely no reaction; we had triggers set up on the core number anyway.

    Let's talk about Wednesday.

    Actually there is not much talking. ;-)

    1. Wednesday, June 18th, 2008 (4:30 a.m. New York Time) UK
    At 4:30 we will have BOE minutes coming out. This can move the market very well but I cannot hook it up with the Secret News Weapon so I never trade it. Because I don't want to provide triggers that I will not be using myself, I will just say to be beware of volatility around this release.

    Tomorrow and on Friday we will have great reports coming out so stay tuned!

    Thanks,
    Crazy Cat
     

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