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Forex Trading Signal 10/25/07

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Oct 25, 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 at 10 a.m. New York time we had U.S. Existing Home Sales report coming out. It came out at 5.04 M versus 5.29 M expected. I told you if they came out at 5 M or below, that would be a possible long on GBP/USD. It did not hit my trigger, and if you watched the price action, we saw a very small, 20 pips spike from 93 to 13, and then the price went the opposite direction. Staying out of this was a good idea.

    Then we had New Zealand interest rates statement coming out. I told you to ignore it because probably nothing would happen. They kept the rate unchanged, and there was no price action at all. We certainly did not miss anything.

    Let's now talk about tomorrow.

    1. Thursday, October 25th, 2007 (4:00 a.m. New York Time) GERMANY, EURO ZONE
    On Thursday at 4:00 a.m. New York time we will have German IFO Business Climate and Expectation Index coming out. Frankly speaking, I don't like these indicators at this point of the economy. IFO and ZEW used to move Euro but it has not been happening lately. I would skip this one, and just watch a price action.

    2. Thursday, October 25th, 2007 (8:30 a.m. New York Time) USA
    Then at 8:30 New York time we will have U.S. Durable Goods coming out. I would be focusing on the Core Durable Goods. This particular indicator is not worth trading unless you really know a character of it and you are willing to play a retracement. Regardless of how big the deviation is, a spike and afterspike price price action may very much depend on the price action right before the report. It is possible to trade it but in order to make a proper decision you really have to analyze what is going on 30 minutes before the report. Since this signal is sent many hours in advance, I really cannot give you a good strategy for this indicator. As always, if you don't know what you are doing, I suggest you to skip that one.

    3. Thursday, October 25th, 2007 (10:00 a.m. New York Time) USA
    Then at 10 a.m. New York time we will have New Home Sales coming out. It is expected to come out at 775 K. I think if this report comes out at 600 K or below, we may see GBP/USD going up by 40 pips or more in the first hour of the report. On the other hand, if it comes out at 900 K or above, I think GBP/USD may possibly go down by 40 pips or more in the first hour of the report. Lower deviations may cause some price actions as well but it will heavily depend on the price action right before the report.

    SUMMARY:
    * Report: US New Home Sales
    * Buy on GBP/USD if the number will be 600 K or below
    * Sell on GBP/USD if the number will be 900 K or above
    * If the trigger is hit, expect 40 pips or more in the first hour of the report.

    4. Thursday, October 25th, 2007 (7:30 p.m. New York Time) JAPAN
    Then at 7:30 p.m. New York time we will have Japan CPI. I would be focusing on the Core Tokyo CPI (excludes food) which is expected to come out at approximately 0%. If it comes out at 0.2% or higher, I think USD/JPY may possibly go down by 50 pips or more in the first hour of the report. On the other hand, a reading of -0.2% or more negative, I think USD/JPY may possibly gain 50 pips or more in the first hour of the report. This is assuming there are no big conflicts with other CPI numbers and no big revisions but generally speaking with such great deviation there is going to be not that many conflicts so I think these are relatively OK triggers. Nevertheless, conflicts always may complicate this trade.

    SUMMARY:
    * Report: Japan Core Tokyo CPI (excludes food)
    * Sell on USD/JPY if the number will be 0.2% or more positive
    * Buy on USD/JPY if the number will be -0.2% or more negative
    * If the trigger is hit, expect 50 pips or more in the first hour of the report.

    5. Thursday, October 25th, 2007 (7:50 p.m. New York Time) JAPAN
    Then at 7:50 p.m. we will have Industrial Production coming out Japan. I am not going to give any triggers for this one because I suggest you to stay out of this indicator. This is an extremely unpredictable report. Sometimes it can really move the market; other times it may not. Also this trade would depend on the released CPI numbers.

    This is 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 25, 2007
    Lasted edited by : Aug 15, 2015
  2. sasoforex

    sasoforex Private

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    Felix Homogratus... U r Gr8 (+2348069256144)

    Felix Homogratus... U r Great...

    Thanking for the signal.

    Best regards,

    Saka Opeyemi (+2348069256144):D
     
  3. adefesoj

    adefesoj Recruit

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    You are a DON!!!

    Thank you very much.
    Acoaraide.
     
  4. Haneen

    Haneen Recruit

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    what a great job

    Thank you Felix , Your Forex Trading Signal is the first think I open before I do anything in the market. Thanks for help friend.

    :)
     
  5. temilade

    temilade Recruit

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    thanks felix

    guys you are doing a great job keep it up
     
  6. nightsilent

    nightsilent Recruit

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    THANK YOU Felix

    THANK YOU Felix your news signals are verey good
     
  7. noble

    noble Recruit

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    You are very great

    Hi,
    I am very grateful for your signals and I say more power to your elbow.My problem now is how to monitor the news in order to know whether to go for long or short. I will be glad if you can reply me on my email box,noble2k2003@yahoo.co.uk. Thanks.
     
  8. WaveRider77

    WaveRider77 Recruit

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    Hello

    This is WaveRider77 and on my 1st posting. Guys & gals, just wanna say hello to all the community traders attached with this community in particular. And thank to Felix for the signals that I and u all had received for free for quite sometime...
    Trader is always a loner and the community like this bind us all for 1 purpose...to share the cake with other "supertrader" out there.
    To our success.

    Keep on riding!
     
  9. pip

    pip Recruit

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    Hi Felix and Co., Many thanks from an injured trader.. :)
    Always appreciate a helping hand when you are down.
    Very good of you to help the "needy".
    Cheers pip
     
  10. skilfulsagei

    skilfulsagei Recruit

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    You are the BEST

    Felix, i can say emphatically that you are the BEST.I pray that God will continue to bless you.Your signals have been a huge blessing.Thanks a million.
     

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