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Forex Trading Signal 07/30/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jul 30, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Sep 30, 2007
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    Hi there my Forex friend :)

    Hi-Quality Preview/Review:
    1) 7-30-2008r-p.swf

    Long-term Outlook:
    2) 7-30-2008outlook.swf

    There was nothing happening on Tuesday so let's talk about Wednesday.

    1. Wednesday, July 30th, 2008 (8:15 a.m. New York Time) USA
    At 8:15 a.m. we will have US ADP Employment Change. I think when it deviates a quite bit, it may actually move the market well. If it comes out at 0 or higher, I would buy USD/JPY or sell EUR/USD and I would expect 40 pips price action. If it comes out at -120 K or more negative, I would sell USD/JPY or buy EUR/USD and expect 40 pips move. You may try less conservative triggers but then it may be more risky to trade.

    2. Wednesday, July 30th, 2008 (9:30 p.m. New York Time) AUSTRALIA
    At 9:30 p.m. we will have Australian Retail Sales m/m coming out. It is expected to come out at between 0.0% and 0.1%. If it comes out at 0.5% or higher, I would buy AUD/USD and expect 35 to 40 pips price action. If it comes out at -0.4% or more negative, I would sell AUD/USD and expect 35 to 40 pips price action as well. For additional tips how to trade this trade, please watch the video. If you trade spikes, watch out for possible numbers leaks. Also, watch out for the trade balance and in case of a big conflict, stay away from the market; however, smaller deviation on the trade balance should not be a big deal.

    PLEASE ALSO WATCH Sir Pip's longer term outlook videos, links are always provided at the beginning of this post. A lot of people found them very useful. If you have any comments regarding that videos, please leave a comment. Sir Pips is working hard to improve our free tools so more and more people can benefit from them.

    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
  2. fxpanther

    fxpanther Banned

    Nov 15, 2007
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    Filling in the story....

    There was nothing on Tuesday, I agree, before the US Consumer Index. It came out way better than expexted, as a result, the Euusd exploded to the downside, 80+ pips. It was great trading opportunity.
  3. Goldmind

    Goldmind Recruit

    Jul 28, 2008
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    Thanks Crazy Cat! Am grateful for those information. Actually, am a newbie to this forum. But I'll wait for those news.
    Mr. Gold.
  4. John Hernandez

    John Hernandez Recruit

    May 30, 2008
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    Hi there Sir Pips. Question on Forexdiamonds.com. I am sure the $300.00 a month fee is well worth it for the information you will be proving us, I just don't know if I can afford it with my Acct. If your signals will make me well over $600.00 a week, then I would do it. My account lost some power this month, I'm at $520.00 right now, do you think I can still make some good money using your signals, and profiting at least $600.00 a week, that way $300.00 wouldn't be such a big deal for me.
    thanks for all your great signals.
  5. Carlos

    Carlos Private, 1st Class

    Feb 29, 2008
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    Hello Forex Diamond Seeker.

    OK my Friend , John Hernandez, if you want to use the Service Forex Diamonds, Don't expect you going to double your money every week, no way it is going to happen, that service Forex Diamond is a service that enhance your trading during the news, if you are good and only you do the right thing in the right moment every time, you might be able to increase your account perhaps 5% to 10% per week, only from the spikes, the rest of the time trades are up to you. You are on you own if you make money doing the right decisions. (Keep in mind I am speculating) every person has different results. Let's say you are able to get 10% of your account in a week in the new events, then with Forex Diamonds you might double you % for that week.

    OK, This is my own personal opinion.
    #5 Carlos, Jul 30, 2008
    Last edited: Jul 30, 2008
  6. Pharaoh

    Pharaoh Colonel

    Oct 3, 2007
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    I've recently joined Forex Diamonds. The room focuses on after spike trades and has added post movement swing trades. There are some losing trades, but winners outnumber losers, and average pips per winner are more than average pips per loser.

    Even so, the MAXIMUM amount of risk I've seen recommended on any trade in the room is 2%, and some trades are only risking 1%. Starting out with only $600 and winning every trade isn't going to double your money every month.

    With ANY trading room or signals service, you need a large enough account to have a good chance of making more than the monthly fees. Getting 10-25% gains per month is very possible with a good service, but won't happen every month. Even the best service will have bad months where there is a loss.

    Off the cuff, I'd recommend having 10-20 times the monthly fee of any service in your trading account before subscribing. You should also have 3-4 months of fees sitting in your checking account, since you should only trade the absolute smallest amounts possible while getting used to a new trading room or signals service (and you don't want to lose a lot of money on a misunderstanding).
  7. thr111

    thr111 Recruit

    Dec 21, 2007
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    hi guys
    i d like to ask a couple of things on the Australian Retail Sales m/m
    the numbers that came out were the following takes for the forex factory
    actual forecast previus
    Retail Sales m/m -1.0% 0.1% 0.9%
    Trade Balance 0.4B 0.0B -0.3B
    Private Sector Credit m/m 0.4% 0.5% 0.5%

    the price when the news came out droped around 30 pips in a blink of an eye and then it did an around 40 pips retracement
    why it did that?
    arent these supose to be bad -ish news?
    on the 1 minute time frame it was only 1 oportunity for around 6-7 pips
    what i dont understand why that imidiate retracement even higher than the prerelease price

    Attached Files:

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