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Forex Trading Signal 08/15/08

Discussion in 'Current Forex Trading Signals' started by AsstModerator, Aug 15, 2008.

  1. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

    Joined:
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    Crazy Cat had trouble accessing the forums last night.

    ++++++++++++++++++++

    Hi there my Forex friend :)

    I could not access FPA website today so I gave up and I am sending the
    signal in this email:

    Hi-Quality Preview/Review:
    1) 8-15-2008r-p.swf

    Long-term Outlook:
    2) 8-15-2008outlook.swf

    Let's first review what happened on Thursday.

    We had German GDP coming out. It came out higher than expected and we saw a pretty nice price action on EUR/USD. It spiked up by 30 pips and eventually it went even higher.

    At 8:30 a.m. we had U.S. CPI which came out higher than expected. EUR/USD spiked down by about 20 pips and then it immediately reversed. I left a note for SNW users how to approach this report, I am sorry I did not leave that comment here about how dangerous this report can be. I hope you made money on the reversal or did not lose (or even make) money on the spike.

    Retail Sales out of New Zealand come out higher than expected and we saw a pretty good price action on NZD/USD. Nice 35 pips move.

    Let's talk about Friday.

    1. Friday, August 15th, 2008 (8:30 a.m. New York Time) USA
    At 8:30 a.m. we will have U.S. Empire Manufacturing Survey coming out. We should have a good trade if it deviates by 10. If it comes out at +6.0 or higher, I would buy USD/JPY and expect 35 pips move. If it comes out at -14 or more negative, I would sell USD/JPY and expect 35 pips move as well. Smaller deviation should work but I would rather to stay more conservative here.

    2. Friday, August 15th, 2008 (9:00 a.m. New York Time) USA
    At 9:00 a.m. we will have U.S. TIC. Skip it.

    3. Friday, August 15th, 2008 (9:15 a.m. New York Time) USA
    At 9:15 a.m. we will have U.S. Industrial Production. With 0.4 trigger we may see 15 pips move. Not worthy to take a risk. Skip it.

    4. Friday, August 15th, 2008 (9:55 a.m. New York Time) USA
    At 9:55 a.m. we will have U.S. Consumer Sentiment and I think this might work pretty well. I would use 4 trigger here. If it comes out at 66, I would buy USD/JPY and look for 30 to 40 pips move. If it comes out at 58 or lower, I would sell USD/JPY and look for 30 to 40 pips move as well.

    That would be all for this week.

    TRADE LIVE WITH SIR PIPS FOR FREE!
    Sirpipsalot has a live trading room, in which he trades these news reports. There, he shares his trades in real time, including exact entries and exits, and detailed explanation for every entry and exit. The service costs $299 per month, but we have a 7-days FREE TRIAL. Go to Forex Diamonds to sign up for the FREE trial.

    Thank you and good luck with your trades.

    To Our Success!
    -Sir Pipsalot & Crazy Cat
     
    #1 AsstModerator, Aug 15, 2008
    Last edited: Aug 15, 2008

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