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Forex Trading Signal 10/16/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Oct 16, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Joined:
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    Hi there my Forex friend :)

    Hi-Quality Preview/Review:
    1) 10-16-2008.swf

    Let's first review what happened on Wednesday.

    The interest rate statement out of Norway came out as expected so no news here.

    U.S. Core retail sales came out lower than expected. It just hit the trigger but it worked pretty well on USD/JPY. It the first 10 seconds it moved by 5 to 10 pips but within a minute it moved by over 30 pips. I hope you made some money on this.

    Let's talk about Thursday.

    1. Thursday, October 16th, 2008 (8:30 a.m. New York Time) USA
    At 8:30 a.m. we will have U.S. CPI Core m/m coming out. I would trade USD/JPY on this. If it comes out at 0.3 or higher, and the other numbers are as expected or higher, I would sell USD/JPY SHORTLY AFTER the release. If it comes out at 0.1% or lower, and the other numbers are as expected or lower, I would buy USD/JPY SHORTLY AFTER the release. If the trigger is hit, I would expect 30 to 40 pips move.

    The other reports such as US TIC, Industrial Production or Philadelphia Fed may move the market a bit but currently I would not trade them.

    That would be all for Thursday.

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    Good luck trading guys!

    To Our Success!
    -Crazy Cat && Sir Pipsalot




    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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