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Forex Trading Signal 10/17/07

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Oct 16, 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 on Sunday, Monday and Tuesday.

    On Sunday we had the New Zealand CPI. The expectation was 0.8%, and if you watch the video, I said if the expectation was 0.6% or below, NZD/USD may possibly go down by 40 pips or more in the first hour of the report. As you could see, the CPI came out at 0.5% which hit my sell trigger. NZD/USD opened at around 7787, and then it went down within the first hour to 7726 so it was about 61 pips move. That was a pretty smooth move, and there was a quite few after spike opportunities. I know some brokers such as MBTrading were closed at the time of news release so this could prohibit some people from trading this report. I am pretty sure that whoever was able to get in, did made money on this report. Unfortunately, although the video with my signal was recorded before the news, the actual link has been sent after the news release, and I apologize for it.

    Then today we had UK CPI y/y. I told you if it comes out at 1.8%, we may see GBP/USD going down by 30 pips or more in the first hour of the report. It came out at 1.8% so it hit my trigger; however, the core CPI came out way lower so obviously the move was much bigger. You have to look at these things if you trade news as I cannot predict everything. We saw GBP/USD opening at 2.0387, and within the first 20 minutes it hit 2.0320 so it was about 67 pips move. There was a nice retracement that gave a good opportunity to enter after the spike. I hope you made a good money on this.

    Then we had Manufacturing shipments at 8:30 a.m. New York time. It did not hit my trigger as it came out -1.7% so that was a no trade.

    Let's now talk about what is going on tomorrow.

    1. Wednesday, October 17th, 2007 (4:30 a.m. New York Time) UK
    On Wednesday at 4:30 a.m. New York time we will have BOE minutes coming out. I think nothing will happen during this minutes. This time the vote is totally not important. If the vote was 9:0, 8:1 or 7:2 when they did not raise the rate last time, it does not make any difference now. What we want to look at is for any comments or any discussions of a possible cut. I don't think last meeting was early enough for that but if in the last meeting there was at least one member who voted for a rate cut, or anything mentioning about the rate cut, then GBP/USD may possibly go down by 50 pips or more in the first hour of the report. If nobody mentioned anything about cuts, I would skip this indicator. This month (today) the inflation did read very low so most likely there is going to be a talk about rate cuts during next meeting. Two weeks ago probably there was not enough data that would warrant such discussion (a possible rate cut) but if someone voted for a rate cut, then it would be a sell on GBP/USD.

    2. Wednesday, October 17th, 2007 (8:30 a.m. New York Time) USA
    Then at 8:30 a.m. New York time we will have U.S. CPI and Housing Starts. Most economists expect that CORE CPI will read either 0.2% or 0.1%. The Core CPI is the most important indicator here; however, housing starts can be even more important if the deviation is big but usually it does not deviate that much. If the Core CPI reads 0.3% and there is no big conflict with housing starts, GBP/USD may go down by 50 pips or more in the first hour of the report. On the other hand, if core CPI reads flat, 0% or negative and there is no big conflict with housing starts, we may possibly see GBP/USD gaining 50 pips or more in the first hour of the report. Also, if the CPI is steady and the housing starts will come out at 1 M or below, GBP/USD may possibly go up by 50 pips or more in the first hour of the report. On the other hand, if the housing starts comes out at 1.5 M or above, GBP/USD may possibly go down by 50 pips or more in the first hour of the report - because that would signify some recovery on the housing market. I would not trade the spike on this one; instead, I would wait and see the numbers, and then make a trading decision once all the numbers are released. You can use ForexBastards calendar to get the numbers; they will be 10 to 15 seconds delayed but you do not need them the same second unless you want to trade the spike. Wait for the retracement, and then try to enter within about 15 to 20 pips of the prerelease price.

    It seems that's all for Wednesday.

    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 16, 2007
    Lasted edited by : Aug 15, 2015
  2. jackbill

    jackbill Recruit

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    Trading

    Hi all,
    Thanks for your assistance in the way you give hornest answers.
    I would want to know how your broke has assisted you because it seems with me i am learning the hard way and i have lost a substantial amount.
     
  3. aston

    aston Recruit

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    Hello

    Everybody in the house how are you doing?
     
  4. aston

    aston Recruit

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    re-maketiva

    hi felix,
    i don't know if you know anything about maketiva. i have been trading on the platform without making any profit until recentily when a friend told me that it's a scam.
     
  5. tedek

    tedek Recruit

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    What is scam ? Marketiva ? you must be kidding
     
  6. INTRINSIC2NG

    INTRINSIC2NG Recruit

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    good predictions

    hi felix, i have read ur signals for some days now and they seem to be working fine for almost every trade. i am new in the system but they have really helped. thanks.
     
  7. akhis

    akhis Recruit

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    Best Broker

    Hello Felix, Thanks a lot for your support for newbies like us. I am doing well grdually and I want to start a live account but I do not know a broker to start with. FXsol and Interbankfx said they do not register traders from Nigeria any longer. Which broker would you recommend for a person like me. I need about 3.
    Thak you as I hope to get a reply from you.
    thanks for bringing smiles to our faces
     
  8. The_One

    The_One Recruit

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    Did anyone entered the U/J trade yesterday at 116.95?

    I did and was lucky not to stop out at 117.14 on MBT. I saw Oanda reaching 117.16 and other brokers even more.

    Right now with +45 profit will all the lots in :)
     
  9. JeffNLisa

    JeffNLisa Private

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    I got in it at 117.10 and got out at 116.41. I had lost about 30 pips on this pair in the previous trading lane the day before, but I made about 60 in two previous trades in that one.

    On this one, I guessed the trendlines from a single high and a single low, and launched this one before I went back to bed. When I woke up a few hours later, the 117.14 high had not gotten near my stop, and was in the 116.80's. From that point I was here and able to watch it for most of the trade, so I put a 25 pip trailing stop on it and let it ride. I bailed out manually at 116.41.

    You win some, you lose some. Lucky us on this winning one! . . . .

    Jeff
     
  10. forex_py

    forex_py Recruit

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    Thanks From Paraguay South America !!!

    THANKS FELIX !! I WON 30 PIPS WITH THIS Trading Signal 10/17/07 :D


    Richard Gimenez
    Paraguay
     

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