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Forex Trading Signal 10/05/07

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Oct 4, 2007.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

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    If you prefer to listen to this email in an audible format, here is the youtube link for it:


    If you do decide to listen to this signal on youtube, I would appreciate if you could at least submit a rating of it there, and perhaps even leave a comment if you have time.

    I hope you had a good day. Let's talk about Friday.

    1. Friday, October 5th, 2007 (7:00 a.m. New York Time) CANADA
    At 7:00 a.m. New York time we will have Canadian Employment change coming out which is expected to read at 17,000 or so, very similar to the reading from the last month when it was 23,000. If for some reasons it comes out at 35,000 or higher, that would be the highest reading in the last 6 months, and it would signify a very resilient employment market in Canada, and I think based on that USD/CAD may possibly go down by 40 pips or more in the first hour of the report. On the other hand, if it comes out at 0 or negative, that would mean a contracting employment market in Canada, and if it is a case, USD/CAD may possibly go up by 40 pips or more in the first hour of the report. If the deviation is much bigger, the move may be bigger as well. This report can move USD/CAD by as much as 80 pips or more, depending on the deviation. What I gave is a minimum deviation that I believe should move market by at least 40 pips.

    SUMMARY:
    * Report: Canadian Employment Change
    * Sell on USD/CAD if the number will be 35,000 or higher
    * Buy on USD/CAD if the number will be 0 or negative
    * If the trigger is hit, expect 40 pips or more in the first hour of the report.

    2. Friday, October 5th, 2007 (8:30 a.m. New York Time) USA
    At 8:30 a.m. New York time we will have U.S. Non-Farm Payroll coming out. This indicator may be a little tough to trade because last month for the first time in a long time we saw a negative reading. Now the question is if whether it was a one-time fluke and it is going to be revised this month, or it was a legitimate reading that is going to set a new trend. The actual reading will matter a lot, and it is expected to rebound to 100,000 versus -4,000 last month. If for some reasons the reading is 150,000 or higher, I think it would be a message that possibly last month's reading was a fluke, and such a strong rebound may drive GBP/USD down by as much as 70 pips or more in the first hour of the report. On the other hand, if we had a reading of 50K or lower, that would be a pretty low reading after a negative reading, and I think based on that GBP/USD may possibly gain 70 pips or more in the first hour of the report. Of course, a revision will also matter. If for some reasons we will see a reading lower than expected, but the revision is revised from -4K to +60K, than it is not going to be bad for the dollar. That would be pretty normal, and possibly it would even be considered positively. Therefore, if the revision conflicts significantly, I suggest to stay out of this indicator; however, if the revision is not conflicting so the reading is above 100K and the revision is positive, this may amplify the move. Similarly, if the reading is below expectations, and revision is negative, it may amplify the move as well. If the deviation is large and a revision is not conflicting, this indicator may easily move the market by as much as 120 pips in the first hour of the report. It has happened before, and it may happen again - depending on the deviation.

    SUMMARY:
    * Report: U.S. Non-Farm Payroll
    * Sell on GBP/USD if the number will be 150,000 or higher
    * Buy on GBP/USD if the number will be 50,000 or lower
    * If the trigger is hit, expect 70 pips or more in the first hour of the report.

    That's all for Friday. I hope you will make some money on these big indicators.

    If you have not been to my www.ForexDiamonds.com website, I strongly encourage you to go there, and read everything on the home page. I am sharing my trading philosophy and some other useful things. This is my live trading service, and you can even try this service for 21 days for free with no risk. I suggest you to do that. You can trade live with me and my partner, and learn a lot more that way. Worst case scenario, you can ask for a refund at 21st day of that service, and then you have nothing to lose and a lot to gain.

    Thank you so much, and have a great weekend!

    To Our Success!
    -Felix Homogratus
     
    #1 Felix Homogratus, Oct 4, 2007
    Lasted edited by : Jan 15, 2016
  2. nickae

    nickae Recruit

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    Thanks Felix

    i just wanna thank you for your economic analysis, i have been making quite a fortune from them.
    thanx once again and keep it up.
    Nickae(nikquekae@yahoo.com).
     
  3. richtun

    richtun Recruit

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    hello felix
    thanx for this service,still on demo, going real soon.
    tunde
     
  4. bigeasytrader

    bigeasytrader Recruit

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    Impact of Jobs Report

    Hello Felix
    It seems as though the Jobs report although only 10k better than forecast had a higher significance that what was originally projected,although later rebounded, interested in why that occurred was it due to the revised number from last month as well?

    Thanks for the signal i made money today
     
  5. pips1

    pips1 Recruit

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    Thank you for your help. I am still learning but you are been big help
     
  6. IGUMA NDIDI

    IGUMA NDIDI Recruit

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    the sitee you mentioned on the video

    Dear sir,

    plesae, i wnat you to give me the site for watch the video for forex signals
     

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