Hi there my Forex friend
Hi-Quality Preview/Review + Outlook:
1) 8-25-2008r-p.swf
Let's review what happened on Friday.
UK GDP came out at 0% so lower than expected, and GDP/USD went down by about 90 pips. After so many fast retracements, I am surprised we did not see a big one here. Since some people expected it to come out at 0.1% and some at 0.2%, we got a very solid -0.1 deviation.
Let's talk about Monday.
1. Monday, August 25th, 2008 (10:00 a.m. New York Time) USA
At 10:00 a.m. we will have U.S. Existing Home Sales. Last month it did not hit my trigger (-0.08) but we saw 30 pips move on USD/JPY. This month it is expected to come out at 4.91M and I would use 0.08 deviation. If it comes out at 4.83M or lower, I would sell USD/JPY and look for 30 pips move move in the first 30 minutes. If it comes out at 5.00M, I would buy USD/JPY and expected 30 pips move as well.
2. Monday, August 25th, 2008 (6:45 p.m. New York Time) NEW ZEALAND
At 6:45 p.m. we will have Trade Balance out of New Zealand. Please skip it.
Please also watch the video. This time this is one video for Review/Preview AND the Outlook.
That would be all for Monday.
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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. This offer is for NEW customers only.
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
Hi-Quality Preview/Review + Outlook:
1) 8-25-2008r-p.swf
Let's review what happened on Friday.
UK GDP came out at 0% so lower than expected, and GDP/USD went down by about 90 pips. After so many fast retracements, I am surprised we did not see a big one here. Since some people expected it to come out at 0.1% and some at 0.2%, we got a very solid -0.1 deviation.
Let's talk about Monday.
1. Monday, August 25th, 2008 (10:00 a.m. New York Time) USA
At 10:00 a.m. we will have U.S. Existing Home Sales. Last month it did not hit my trigger (-0.08) but we saw 30 pips move on USD/JPY. This month it is expected to come out at 4.91M and I would use 0.08 deviation. If it comes out at 4.83M or lower, I would sell USD/JPY and look for 30 pips move move in the first 30 minutes. If it comes out at 5.00M, I would buy USD/JPY and expected 30 pips move as well.
2. Monday, August 25th, 2008 (6:45 p.m. New York Time) NEW ZEALAND
At 6:45 p.m. we will have Trade Balance out of New Zealand. Please skip it.
Please also watch the video. This time this is one video for Review/Preview AND the Outlook.
That would be all for Monday.
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. This offer is for NEW customers only.
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