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Forex Trading Signal 10/12/07

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Oct 11, 2007.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

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    This is Felix.

    If you wish to watch the video, just click on it, and then click on "play" icon.


    Let's first review what happened today.

    Earlier today we had the retail sales coming out of New Zealand, and I told you if it came out at 0.1% or lower, it would be a possible sell on NZD/USD. It came out at 0.2% so it did not hit my trigger so it was a no trade. NZD/USD slightly went down by 10 pips, and then it continued going up. In addition to that, we saw a conflicting revisions and other numbers. It was a no trade anyway.

    Let's now talk about tomorrow, Friday.

    1. Friday, October 12th, 2007 (8:30 a.m. New York Time) USA
    Tomorrow we will have one set of reports that are worthy watching and possibly trading, and that's U.S. retail sales and PPI. The most important reading out of all 4 readings will be the retail sales CORE which is expected at 0.3%. Usually in September retail sales out of the U.S. is coming out strong. However, the last year and now retail sellers have been reporting worse data than everybody is expecting. They are expecting 0.3% which is basically nothing comparing to the last month it went down by 0.4%. If retail sales core reads at 0% or negative, that would be even worse than everybody is expecting, and probably bad for the U.S. dollar, and GBP/USD may possibly go up by 40 pips or more in the first 30 minutes of the report. The reason why I am saying 30 minutes is because we have Bernanke speaking 40 minutes later, and you don't want to be in trade with retail sales while Bernanke speaks because he may say something that may completely change the market direction. On the other hand, if the retail sales comes out at 0.6% or higher, that would be a pretty good rebound, more than everybody is expecting, and even more than decline of the last month, and I think based on that GBP/USD may possibly go down by around 40 pips or more in the first 30 minutes of the report. We also have the headline retail sales which normally does not conflict but watch out for any possible conflicts here. There are also possibilities for revisions, and we also have the PPI. The core PPI is the most important one but, unlikely to the headline number, it almost never deviates significantly as it is a very steady indicator. If there is a conflict between PPI and retail sales, we may see a retracement on the initial spike but I think the retail sales will pull this move out. Obviously, because so many indicators are coming out at the same time, it is always hard for me to do any analysis here so use the triggers if there is no big conflict. If there is a big conflict, then you need to look at it and judge, possibly just stay out. After the spike I would like to enter within 10 to 15 pips of the pre-release price, and maybe use 20 pips stop loss, and try to get 20 to 25 pips profit. Obviously, if you are able to enter with a price that is very close to the pre-release price, your SL can be smaller and TP may be bigger.

    That's pretty much all for tomorrow.

    If you haven't been to my www.ForexDiamonds.com website, I strongly recommend you to go there. This is my live trading service, and you can trade live with me and one of my partners. Currently I am offering 21 days trial for that service, so go to that web page, and read about it. I definitely think everybody should at least try that service, and at least learn something during that 21 days.

    Good luck, and thank you very much.

    To Our Success!
    -Felix Homogratus
     
    #1 Felix Homogratus, Oct 11, 2007
    Lasted edited by : Aug 15, 2015
  2. thehawkeye157@netzero.com

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    password

    do i use the daily password that you give. or the pass word i registered with, sometines one works, and sometines the other one works.?:confused:
     
  3. BobCZ

    BobCZ Recruit

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    For daily Forex Trading Signals you use the password which is sent to you. To log in into the forum you use the password you registered.
     
  4. 164radi

    164radi Recruit

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    hi

    hello mr felix .
    just i want thank you for help us by your trading signals.thank you
     
  5. rhani

    rhani Recruit

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    hello filex

    thanks for your help, god bless you Mr FLIX
     
  6. Haneen

    Haneen Recruit

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    Thank you

    Thank you very much Felix, really you are amazing
     
  7. Sokabi Moses

    Sokabi Moses Private

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    Newbis assessment....right?

    Hi Felix,
    you really doing a wonderful job....i must say...
    Here's a newbie report of the signal you gave....please just reply if im right or wrong.....cos ill really love to know.
    the core retail sales didnt hit the trigger according to felix which is 0.6% and above, but the report was 0.4% which didnt create much of a deviation form the consensus.
    On the chart, as soon as the release came out...after the retracement from the spike.
    GBPUSD went down only about 15 pips.

    i just a humble newbie..trying to get a grip.....Is that what really happened? if not where was i wrong?
    would love to get a reply.

    BTW Felix......thank you!!!
     

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  8. bolaji

    bolaji Recruit

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    newbie

    new to this and cant get the hang yet but felix is doing a great job i must say:)
     
  9. dnrammohan

    dnrammohan Recruit

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    Hi Mr.felix

    Thank you so much for sharing the news. wonderful job. it is quite useful for beginers like us. thanks a lot. great job.

    d.n.rammohan
     
  10. Earl Best

    Earl Best Recruit

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    Earl

    Hi!,Guys,
    My name is Earl Best, (I like that name), it is a privelidge to acquiant myself with you. I am; looking foward to "chit-Chat" with you, Felix, I have come accross some great people in my time. What you are doing with your Forex family is a credit to the human race, you are one of the most selfless people that I know of.I have recommended your Foresbastards story to many people to use as an inspirerational tool to change their lifestyle. Thanks Felex, for all those who can't thank you themselves.
     

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