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Forex Trading Signal 09/11/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Sep 11, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there my Forex friend :)

    Let's first review what happened on Wednesday.

    At 5:00 p.m. we had Interest Rate statement out of New Zealand, and it was a big mess. Some sources provided 0.25 cut (as expected) whereas some others 0.50 cut. I think officially it is 50 bp cut. I hope you made some money. I surely did.

    At 9:30 p.m. we had Employment Change out of Australia. Whereas Employment change came out too close to expectations to enter a trade, unemployment rate dropped by 0.3% which was a big drop. 0.2 deviation is tradable so no wonder we saw such a big spike....

    Let's talk about Thursday.

    1. Thursday, September 11th, 2008 (4:45 a.m. New York Time) UK
    At 4:45 a.m. we will have MPC Treasury Committee Hearings which may cause prices to move. I don't trade stuff like that so I don't have any recommendations.

    2. Thursday, September 11th, 2008 (8:30 a.m. New York Time) USA and CANADA
    At 8:30 a.m. we will have Trade Balance out of U.S. and Canada. I don't trade trade balances, not now. I would skip it. No, I *WILL* skip it.

    3. Thursday, September 11th, 2008 (6:45 p.m. New York Time) NEW ZEALAND
    At 6:45 p.m. we will have Retail Sales m/m out of New Zealand. This is only one tradable report for today. This can be tradable with 0.8 trigger but because spreads might be wider, I would recommend to use 1.0 trigger here. It is expected to come out at -0.3%. If it comes out at 0.7% or higher, I would buy NZD/USD and expect 35 pips move. If it comes out at -1.3% or more negative, I would sell NZD/USD and expect 35 pips move as well. If you have a broker with fixed spread, you may try 0.7 or 0.8 triggers but be very careful.

    This would be all for Thursday.

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    -Crazy Cat
     
  2. kaligula

    kaligula Private

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    Recently I recive e-mail notifications about signals quite late [gmail account]. I see now only three people saw this post. I hpe you don't suffer any serious problems with sending mails. Just wanna let you know.
     
  3. sinyo

    sinyo Recruit

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    no email

    I read that signal direcly from FPA website.
    yesterday the email come late and I make no trade.
    by the way thanks for everything..
     
    #3 sinyo, Sep 11, 2008
    Last edited: Sep 11, 2008
  4. Pharaoh

    Pharaoh Colonel

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  5. sinyo

    sinyo Recruit

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    thank you Pharaoh, That is very helpful
     
    #5 sinyo, Sep 12, 2008
    Last edited: Sep 12, 2008

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