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Forex Trading Signal 08/25/09

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Aug 25, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hey folks,

    Keeping it short and simple tonight. We saw a bit of two way action with some pullbacks in most of the markets we watch on Monday. My best guess is we get a bit more 2-way consolidation as stocks gather steam for another surge higher and the Euro decides whether it's ready to top out for good. Pretty much everything from my weekly outlook yesterday still applies. For news Tuesday:

    1000 US Conference Board Consumer Confidence (48 expected) - This indicator has really come alive over the last year or so to be very tradable. Typically a good surprise will push stocks which in turn will fuel follow-through on currencies as well. I actually think a pretty tight deviation of about 2 will produce some decent price action. As usual, a larger surprise will be more reliable and push things further though.
    If it comes out at 50 or higher, EUR/JPY should rally 40+ pips
    If it comes out at 46 or lower, EUR/JPY should sell off 40+ pips.

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  2. eyitemi

    eyitemi Recruit

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    can't get access to forex Diamonds payment site

    hello Sir,

    av bin having problems trying to pay for the forex diamond 2 weeks trial,pls can u b of help ? really am interested.l live in Nigeria ,West Africa n trade with Alpari.Uk.

    Thanks .
     
  3. John Wimberley

    John Wimberley Recruit

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    I'm a little confused. Why would the US Conference Board Consumer Confidence have such an impact on EUR/JPY? I would have expected USDJPY and the EURUSD.
    Could someome explain this to a newby or is it a typo?
    Thanks for any assistance.
     
  4. akerim3

    akerim3 Recruit

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    hello,
    I have problem with getting into trades when news release. I need good broker recommendation. Even my stop orders does not open. the price goes above or down but my orders aren't opening.
    help please
     
    #4 akerim3, Aug 25, 2009
    Last edited: Aug 25, 2009
  5. Vladon

    Vladon Private, 1st Class

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    Just for the history: Today's signal was completely misleading.
     
  6. Sir Pipsalot

    Sir Pipsalot Former FPA Special Consultant

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    I can't get 'em all right Vlad. At least I was right about continued 2-way consolidation on the Euro and stocks. If you're going to bash me for the news outcome at least give me credit on the short trend commentary.

    Yah, it really didn't work out terribly well because the fact that it was coming out high was rumored and leaked out ahead of time. In a situation like that that gets confirmed, there's no surprise since it became more of a buy the rumor/sell the news type situation. While stuff like that does happen every now and then, there's no way to know that 12 hours ahead of the news. Fortunately it was obvious enough to us in the Diamonds room to keep us out of the trade.
     

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