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Forex Trading Signal 09/29/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Sep 29, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Joined:
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    Hi there my forex friend :)

    Here is the hi-quality video:
    1) 9-29-2008r-p.swf

    On Friday we had U.S. GDP coming out which came out lower by 0.5 than expected. This is a big deviation but as I said in the previous email, the market may not care about it at all. Indeed, the market did not care. I personally did not trade it at all.

    Let's talk about Monday.

    1. Monday, September 29th, 2008 (8:30 a.m. New York Time) USA
    At 8:30 a.m. we will have US Personal Income and Personal Spending. There are old numbers, from August, not September. Sir Pips says it might be tradable (with very small position size) if all numbers are in line and deviating well (both at least 1% deviation) but it would be risky. I will not be trading it at all.

    2. Monday, September 29th, 2008 (9:30 p.m. New York Time) AUSTRALIA
    At 9:30 p.m. we will have Australian Retail Sales m/m. It is expected to come out at 0.1%. I think 0.5 to 1.0 deviation will be safe enough to enter a trade. Let's say if it comes out at 0.8% or higher, I would buy AUD/USD and expect 30 pips move. If it comes out at -0.6% or lower, I would sell AUD/USD and expect 30 pips more (or more).

    That would be all for Monday.

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    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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