Hi there my friend
In case you missed Friday's email, Sir Pips is back so the signal is written based on his videos.
Preview/Review on YouTube:
Hi-Quality Preview/Review:
6-30-2008R-P.swf
Long-term Outlook:
6-30-2008outlookflwup.swf
Let's first review what happened on Friday.
At 4:30 a.m. we had UK GDP coming out. The q/q number came out lower by 0.1 than expected, and the y/y came out lower by 0.2 than expected. However, there was a big conflict with Current Account which came out -8.4 versus -12.1 expected. GBP/USD spiked down by 30 pips and retraced within 20 seconds or so, and then it went the other way.
At 8:30 a.m. we had a few U.S. reports. U.S. Personal Income came out much higher than expected, Personal Spending a little higher than expected and Core PCE lower than expected. USD/JPY went up 20 pips at most, and then retraced by 100%.
Let's talk about Monday.
1. Monday, June 30th, 2008 (8:30 a.m. New York Time) CANADA
At 8:30 a.m. we will have Canadian GDP which is expected to come out at 0.3%. I usually recommend trading 0.3 deviation but 0.2 deviation from last month cause a great move of 60 pips on USD/CAD. If it comes out at 0.1% or lower, I would buy USD/CAD and expect 40 pips move. If it comes out at 0.5% or higher, I would sell USD/CAD and expect 40 pips move as well.
2. Monday, June 30th, 2008 (9:42 a.m. New York Time) USA
At 9:45 a.m. we will have Chicago PMI; however, some traders can get that number at 9:42 a.m. If you are not able to get it at 9:42, I would not trade it. If you are able to get that number at 9.42 a.m., I would buy USD/JPY if it comes out at 52.0; if it comes out at 44.0 or lower, I would sell USD/JPY - in either case I would look for 30 pips move.
I also encourage you to watch a special video where Sir PIps is talking about long term trading. The link is provided at the beginning of this post.
That's all for Monday.
If you are interested more in trading news, go to Forex Diamonds - News Trading Education where Sir Pips or Magister Pips are trading all of mentioned indicators live. Join the room, and get a lot of education from me and other traders that are there. They post trade plans and talk about the trades as well as they 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. Worst case scenario, you will learn something and get all your money back.
Thank you and good luck with your trades.
To Our Success!
-Sir Pipsalot & Crazy Cat
The video with the signal is recorded by Sir Pipsalot.
For your convenience, this text is written based on the video by Crazy Cat
In case you missed Friday's email, Sir Pips is back so the signal is written based on his videos.
Preview/Review on YouTube:
Hi-Quality Preview/Review:
6-30-2008R-P.swf
Long-term Outlook:
6-30-2008outlookflwup.swf
Let's first review what happened on Friday.
At 4:30 a.m. we had UK GDP coming out. The q/q number came out lower by 0.1 than expected, and the y/y came out lower by 0.2 than expected. However, there was a big conflict with Current Account which came out -8.4 versus -12.1 expected. GBP/USD spiked down by 30 pips and retraced within 20 seconds or so, and then it went the other way.
At 8:30 a.m. we had a few U.S. reports. U.S. Personal Income came out much higher than expected, Personal Spending a little higher than expected and Core PCE lower than expected. USD/JPY went up 20 pips at most, and then retraced by 100%.
Let's talk about Monday.
1. Monday, June 30th, 2008 (8:30 a.m. New York Time) CANADA
At 8:30 a.m. we will have Canadian GDP which is expected to come out at 0.3%. I usually recommend trading 0.3 deviation but 0.2 deviation from last month cause a great move of 60 pips on USD/CAD. If it comes out at 0.1% or lower, I would buy USD/CAD and expect 40 pips move. If it comes out at 0.5% or higher, I would sell USD/CAD and expect 40 pips move as well.
2. Monday, June 30th, 2008 (9:42 a.m. New York Time) USA
At 9:45 a.m. we will have Chicago PMI; however, some traders can get that number at 9:42 a.m. If you are not able to get it at 9:42, I would not trade it. If you are able to get that number at 9.42 a.m., I would buy USD/JPY if it comes out at 52.0; if it comes out at 44.0 or lower, I would sell USD/JPY - in either case I would look for 30 pips move.
I also encourage you to watch a special video where Sir PIps is talking about long term trading. The link is provided at the beginning of this post.
That's all for Monday.
If you are interested more in trading news, go to Forex Diamonds - News Trading Education where Sir Pips or Magister Pips are trading all of mentioned indicators live. Join the room, and get a lot of education from me and other traders that are there. They post trade plans and talk about the trades as well as they 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. Worst case scenario, you will learn something and get all your money back.
Thank you and good luck with your trades.
To Our Success!
-Sir Pipsalot & Crazy Cat
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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