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Forex Trading Signal 08/01/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Aug 1, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there my Forex friend :)

    Hi-Quality Preview/Review:
    1) 8-1-2008review.swf

    2) 8-1-2008preview.swf

    Long-term Outlook:
    3) 8-1-2008outlook.swf

    NEW: If you want to see how it is to be in the Diamonds room, please watch this orientation video. This video is intended for those who signed up to the Diamonds room but it would give you a little idea what this service is all about:
    orientation-diamonds.swf

    Let's first review what happened on Thursday.

    At 2:00 a.m. we had UK Nationwide House Prices which came out lower than expected. GBP/USD moved by 20 pips, and it was just only a spike. I actually trades GBP/JPY on the spike and got out very quickly, banking 12 pips profit or so.

    U.S. GDP and Initial Jobless Claims came out worse than expected. All major pairs moved very, very well but price reversals were amazing as well.

    U.S. Chicago PMI came out higher than expected but not high enough to enter a trade.

    Let's talk about Friday.

    1. Friday, August 1st, 2008 (2:00 a.m. New York Time) GERMANY, EURO ZONE
    At 2:00 a.m. we will have German Retail Sales m/m. It is expected to come out at -0.5%. If it comes out at -2.0%, I would sell EUR/USD and look for 25 to 30 pips price action. If it comes out at 1.0% or higher, I would buy EUR/USD and look for 25 to 30 pips as well.

    2. Friday, August 1st, 2008 (4:30 a.m. New York Time) UK
    At 4:30 a.m. we will have UK Manufacturing PMI. If we get a huge deviation such as 3 or 4, we may see some market reaction; otherwise it should not move a lot. Chances are very little it will hit such big trigger.

    3. Friday, August 1st, 2008 (8:30 a.m. New York Time) USA
    At 8:30 a.m. we will have U.S. Non-Farm Payroll. It is expected it will come out at -75K. I would use 40K trigger here, and I think this report is highly anticipated. If it comes out at -35K or less negative, or even positive, I would buy USD/JPY or sell EUR/USD or sell GBP/USD and you should see 50 pips move. If it comes out at -115K or more negative, I would sell USD/JPY, or buy GBP/USD or buy EUR/USD and expect 50 pips move as well. Watch out for revisions! Also, we will have unemployment rate which is expected to come out at 5.6%. Higher unemployment is bad for U.S. dollar, and lower unemployment is good for U.S. dollar. A 0.2 deviation is a significant deviation so watch out for it.

    4. Friday, August 1st, 2008 (10:00 a.m. New York Time) USA
    At 10:00 a.m. we will have U.S. ISM Manufacturing. I don't like when it comes out same day with U.S. Non-Farm Payroll. I would trade it with 1.1 trigger. If it comes out at 50.3 or higher, I would buy USD/JPY and look for 30 to 40 pips price action. If it comes out at 48.1 or lower, I would sell USD/JPY and look for 30 to 40 pips as well.

    I was asked many times if there is a way to test the service for virtually nothing and then decide whether to stay or not. Well, I always try to be flexible and I have a great deal for you:

    If you have never had Diamonds before or you had several months gap, I will give you an opportunity to test this service for 1 cent if you want to sign up using a credit card or for free if you choose PayPal option for 7 days. YES, that means you can trade tomorrow's U.S. NonFarm Payroll and other reports with Sir Pips for virtually or literally nothing.

    If you decide to stay, you will be automatically charged upfront $299 for the 30 days (1 month) period. If you decide it is not for you, simply send a cancelation request to payments@secreforexsociety.com and you don't owe us anything.

    There is no better time to test the service than Non-Farm Payroll time! Especially that you can test now and decide later if you want to stay or cancel the service.

    To take advantage of this special offer, subscribe using this link:
    ForexDiamonds.com Special

    I have to activate accounts by hand but I will be checking my email before Non-Farm Payroll so if you subscribe at least 30 minutes before Non-Farm Payroll, you will get an access to the system.

    To read more about ForexDiamonds, please go to Forex Diamonds - News Trading Education but sign up using the link provided above.

    Below is the Diamonds orientation video. This video is intended for those who signed up to the Diamonds room but it would give you a little idea what this service is all about:
    orientation-diamonds.swf

    If you want to test Secret News Weapon on Non-Farm Payroll, you can sign up for 21 days trial here: The Secret News Weapon

    If you don't like the SNW, send a cancelation notice to payments@secretnewsweapon.com and you will get your money back.

    You can combine those two offers.

    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.

    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
     
    #1 Crazy Cat, Aug 1, 2008
    Last edited: Aug 1, 2008
  2. damonl

    damonl Private

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    a few questions......

    Dear Crazy Cat.....

    Thanks and I appreciate all your calls. To spare you a lot of details, I am on the road to full time trading and have liked your daily news analysis an great deal and am very interested in learning more how to trade the news using your diamond room service. To date I have never used this service.

    I live in the U.S. and my day job is 7 - 3 CST, and so I usually hit the hay pretty early and get up to trade London until I go to work.

    What this means is that at this time I am unable to take advantage of your offer to trade non-farm this A.M. so....I have a few questions....

    1. Would it still be worth it to take advantage of this offer even though I could only trade london time news with you at the moment?

    2. Since you are offering 7 days for free, could you give me what might be a good week to test this service, as I notice some weeks there is really no good news and wasting a week on one of these times would not benefit me very much.

    Anyway, I have been thinking about getting the secret news weapon and so may do so now, but finding a good week to take advantage of your offer would be also be a very nice way for me to try your service. What week do you suggest?

    Thanks in advance....Damon
     
  3. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi Damon,

    Please email me at payments@secretforexsociety.com

    Thanks,
    Crazy Cat
     
  4. kaligula

    kaligula Private

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    Brilliant idea!

    What a great idea with that 7 days rading!
    Alredy in!
    :)
     
  5. John Hernandez

    John Hernandez Recruit

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    Question for the trading Gurus

    The Secret News Weapon vs the Forex Diamonds room, what is the difference in service?

    thanks,
    John
     
  6. Sir Pipsalot

    Sir Pipsalot Former FPA Special Consultant

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    Well, the SNW is a program... a tool that gets you the concensus and deviations very quickly and helps to autoclick your broker platform to quickly get you in on whatever trade you'd like to plan. The Diamonds room is a voice chat room moderated by me where we look for trading opportunities in and around news events. Many people in the Diamonds room also use the weapon. Personally, if you're a newer or intermediate trader I would start off trying out the Diamonds room since it's a much more comprehensive and educational service, then I'd try SNW if you'd really rather just have a news tool.
     

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