Hi there my friend
Hi-Quality Preview/Review:
1) 10-30-2008.swf
Let's first review what happened on Wednesday.
U.S. Durable Goods came out too close to expectations so it was a no trade. There was also conflict between headline and core number.
Norway and U.S. Interest rate statements came out as expected so no trades there either. Please watch the video for chart analysis.
Let's talk about Thursday.
1. Thursday, October 30th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m. we will have U.S. GDP Annualized q/q. It is expected to come out at -0.5%. This is very lagging indicator but if it comes out at -1.0% or lower (more negative), I would sell USD/JPY and expect 40 pips move. If it comes out at 0.0% or positive, I would buy USD/JPY and expect 40 pips move as well. Do not hold your position because chances are good it will reverse.
That would be all for Thursday.
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Sirpipsalot has a live trading room, in which he trades these news reports. There, he shares his trades in real time, including exact entries and exits, and detailed explanation for every entry and exit. The service costs $299 per month, but we have a 14-days $9.99 trial. Go to Forex Diamonds and take advantage of this offer. This offer is for NEW customers only.
Good luck trading guys!
To Our Success!
-Crazy Cat
Hi-Quality Preview/Review:
1) 10-30-2008.swf
Let's first review what happened on Wednesday.
U.S. Durable Goods came out too close to expectations so it was a no trade. There was also conflict between headline and core number.
Norway and U.S. Interest rate statements came out as expected so no trades there either. Please watch the video for chart analysis.
Let's talk about Thursday.
1. Thursday, October 30th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m. we will have U.S. GDP Annualized q/q. It is expected to come out at -0.5%. This is very lagging indicator but if it comes out at -1.0% or lower (more negative), I would sell USD/JPY and expect 40 pips move. If it comes out at 0.0% or positive, I would buy USD/JPY and expect 40 pips move as well. Do not hold your position because chances are good it will reverse.
That would be all for Thursday.
TRADE LIVE WITH SIR PIPS FOR $9.99 FOR 2 WEEKS!
Sirpipsalot has a live trading room, in which he trades these news reports. There, he shares his trades in real time, including exact entries and exits, and detailed explanation for every entry and exit. The service costs $299 per month, but we have a 14-days $9.99 trial. Go to Forex Diamonds and take advantage of this offer. This offer is for NEW customers only.
Good luck trading guys!
To Our Success!
-Crazy Cat