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Forex Trading Signal 08/27/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Aug 27, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Sep 30, 2007
    Likes Received:
    Hi there my Forex friend :)

    Hi-Quality Preview/Review + LT Outlook:
    1) 8-27-2008r-p.swf

    Let's review what happened on Tuesday.

    At 2:00 a.m. we had German GDP which came out as expected. No price action here.

    At 4:00 a.m. we had German IFO. We had a very large deviation + negative commentary for the Euro. Unfortunately, in cases like this we don't see retracements and the price just go and go, and unless you were able to enter with the SNW (and I was able in one of my accounts), you could just see the price going down and that's pretty much all. If you made any money without SNW, congratulations.

    At 10:00 a.m. we had a conflict between New Home Sales and Consumer Confidence although none of them hit my trigger. No trade here. However, the Consumer Confidence deviated quite well so we saw a pretty nice move although I would be afraid to trade it. Better safe than sorry.

    Let's talk about Wednesday.

    1. Wednesday, August 27th, 2008 (8:30 a.m. New York Time) USA
    At 8:30 a.m. we will have U.S. Durable Goods. Last month we had a pretty good price action on USD/JPY but nothing impressive on EUR/USD or GDP/USD so I still don't trust this report enough to put any real money on it. Even with that great deviation we had last month, usually half of the time it works great and the other half of the time not so great. If the price is just about to go one or the other way and this report deviates same way, market can use it as an excuse to jump into a trade. This, however, would require you to do some analysis right before the report because as of right now I am not able to tell you which way the price wants to go. The London session may and probably will move currencies one or the other way so most likely the price will be at the other level right before the report. If you are new, skip it. Remember, you don't have to follow what we write here so if you want to trade it, go ahead. I will not be trading it.

    Please also watch the video. It is one combo video with the Daily signals + the Outlook

    That would be all for Wednesday.

    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

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