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Forex Trading Signal 09/12/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Sep 12, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there my friend :)

    Thursday was kind of boring - we got more less what we expected so no trade...

    Let's talk about Friday.

    There are two tradable events.

    1. Friday, September 12th, 2008 (8:30 a.m. New York Time) USA
    At 8:30 a.m. we will have US Retail Sales together with the PPI. Whereas the PPI should not a big deal, of course if there is a conflict, the price action might be affected by a little. I would focus, however, on the Retail Sales Core m/m which is expected to come out at -0.2%. I think 0.5 deviation would be good enough to enter a trade. If it comes out at 0.3 or better, I would buy USD/JPY and expect 35 pips move. If it comes out at -0.7% or more negative, I would sell USD/JPY and expect 35 pips move as well.

    2. Friday, September 12th, 2008 (9:55 a.m. New York Time) USA
    Then at 9:55 we will have U.S. Prelim UoM Consumer Sentiment which is expected to come out at 64. If it comes out at 67 or better, I would buy USD/JPY and expect 30 pips move. If it comes out at 61 or worse, I would sell USD/JPY and expect 30 pips move as well.

    This would be all for Friday.

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    -Crazy Cat
     
  2. diamond_fx

    diamond_fx Recruit

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    Thanks for the signals


    Great site and Great Team
     
  3. Sean Vos

    Sean Vos Recruit

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    Forex Advice

    Hi Crazy Cat,

    Thanks for today's signals, just traded the USD/JPY and got 20 pips out of it, thanks to your tip.

    I am however finding that with many of the signals, by the time I find out the information as to either buy or sell a certain currency, it's too late and the price action has already happened.

    I currently am using CMSFX website for market analysis, are there better ways or websites where I am able to get the info as soon as it happens????

    Hope that makes sense....

    Cheers
    Sean:)
     
  4. mr. pippington

    mr. pippington Recruit

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    I´d also like to know the best places to get up to the minute updates on the outcomes of these signals, I noticed a 75 pip movement from 10:30 to 13:30 and though I couldn't realisticaly take all those I could have got an easy 30-40 pips without breaking a sweat!

    Thanks
     

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