1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Forex Trading Signal 11/01/07

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Oct 31, 2007.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

    Joined:
    Oct 1, 2007
    Messages:
    153
    Likes Received:
    5
    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 earlier today.

    First of all, I apologize that I did not send my signals yesterday - I just forgot. I am working hard with one of my partners on changing something on the ForexBastards website.

    On Thursday I was talking about U.S. Consumer Confidence which came out at 95.6 versus 99. I told you to go long on GBP/USD if it read 95 or below. Since it read 95.6, it did not hit my trigger, and that was a no trade.

    Earlier today we had UK Nationwide House Prices at 3 a.m. New York time. My partner traded it on Forexdiamonds room, and he made some money on this. Then we had U.S. GDP which caused a very small move. But anyway, let's forget about today's reports since I did not send any triggers for them, and it is pointless to review something that was never given to you; let's focus on tomorrow instead.

    1. Thursday, November 1st, 2007 (5:30 a.m. New York Time) UK
    At 5:30 a.m. New York time we will have UK Manufacturing PMI which is expected to come out at 54.5 versus 55.1 last month. This indicator used to be a good one but recently manufacturing hasn't been important in the UK. I would skip that indicator as I will not be trading it.

    2. Thursday, November 1st, 2007 (8:30 a.m. New York Time) USA
    At 8:30 a.m. we will have U.S. Core PCE together with Personal Spending, Personal Income and Unemployment Claims. This might be a tradable indicator but I personally will not be trading it because the probability of a trade is very low here, and it would require a lot of focus on the current price action right before the report so I cannot give you any triggers for this as of right now.

    3. Thursday, November 1st, 2007 (10:00 a.m. New York Time) USA
    I will be trading, however, U.S. ISM Manufacturing Index at 10 a.m. which is expected to come out at 51.7 versus 52 last month. Manufacturing is not hot anymore; however, it may still give a decent short-term trade. ISM Manufacturing used to give very nice trades, good for over 100 pips. Well, if it reads 50 or below, I think GBP/USD may possibly gain 40 pips or more in the first hour of the report. On the other hand, if it reads at 53 or above, we may see GBP/USD going down by 40 pips or more in the first hour of the report. A price action right before the report will be important. Also, if there is a conflict with ISM Manufacturing Prices, it should also be taken into consideration. Nevertheless, I would try to get it within 10 pips of the pre-release price. Try to use 20 pips SL, and try to get 25 to 35 pips profit - if price action warrants it, of course.

    SUMMARY:
    * Report: US ISM Manufacturing Index
    * Buy on GBP/USD if the number will be 50 or below
    * Sell on GBP/USD if the number will be 53 or above
    * If the trigger is hit, expect 40 pips or more in the first hour of the report.

    That's pretty much all for tomorrow. In my next email I will be talking about Friday which is going to be a big day.

    If you have not been to my www.ForexDiamonds.com website, I strongly recommend you to go there. This is a place where you can trade live with me or one of my trading partners. I strongly recommend you to take advantage of our 21 days trial. Try this service, learn as much as you can during these 21 days, and if you want to stay, you will continue paying for using this service; if you don't like it, then you will get your money back. I believe everyone should try it and elevate his/her news trading skills to a higher level by being able to trade live with us during these news announcements. We don't mess around, we tell exactly as it is, exactly where we enter, exactly where we exit so this is a very powerful educational experience in the real market with live entries and exits.

    Good luck with your trades!

    Thank you very much and have a nice day!

    To Our Success!
    -Felix Homogratus
     
    #1 Felix Homogratus, Oct 31, 2007
    Lasted edited by : Aug 15, 2015
  2. lekelee

    lekelee Recruit

    Joined:
    Oct 3, 2007
    Messages:
    5
    Likes Received:
    0
    Gbp/usd

    :nerd: THANKS FELIX FOR A GOOD JOB. I'M A NEWBEI TO FOREX AND I'M WONDERING WHAT IS GOING ON WITH GBP/USD. ITS GETING BULLISH. SOMETHING TELLS ME A RETRACEMENT WILL HAPPEN SOON BUT I'M NOT SURE. I ALSO THINK IT IS AT ITS RECORD HIGH. CAN ONE BE THINKING OF GOING SHORT SOON? THANKS:confused:
     
  3. hamidhossain

    hamidhossain Recruit

    Joined:
    Oct 31, 2007
    Messages:
    1
    Likes Received:
    0
    Felix,

    Thanks for the signal.

    I am always wondering what is the best and fastest way to know the result of news? Anyone could tell me?

    Regards,
    Hamid
     
  4. LEXngton

    LEXngton Corporal

    Joined:
    Oct 3, 2007
    Messages:
    88
    Likes Received:
    1
    Secret News Weapon is GREAT way to find out results of news and can even get you in a trade too...
     
  5. Erbing

    Erbing Recruit

    Joined:
    Oct 3, 2007
    Messages:
    5
    Likes Received:
    0
    Thank you felix. happy trading to everyone.
     
  6. Alexander

    Alexander Recruit

    Joined:
    Nov 1, 2007
    Messages:
    1
    Likes Received:
    0
    Thanks Felix :) Be COOL :).... Friday is coming
     
  7. vision

    vision Recruit

    Joined:
    Nov 1, 2007
    Messages:
    7
    Likes Received:
    0
    Trade Signals For 1/11/07

    Thanks alot Felix for your signals and indept analysis underlying your reasoning. However, I am very new to forex trading and am wondering how I will identify the "50" and "53" figs you have quoted as triggers to determine whether we go long or short on teh GBPUSD today.

    I am quite excited about all of this and will greatly appreciate additional assistance in this regards
     
  8. lr08

    lr08 Recruit

    Joined:
    Oct 24, 2007
    Messages:
    2
    Likes Received:
    0
    Hey,

    Welcome to forex. I am new as well. I've been using this link from Felix's site, and keep refreshing around news time. He's pretty good about updating the results quickly, although not perfect. Make sure you set your time zone and choose daylight savings or not.

    http://www.forexbastards.com/forex_news_calendar/

    Good luck!
     
  9. mivajazo

    mivajazo Recruit

    Joined:
    Oct 3, 2007
    Messages:
    4
    Likes Received:
    0
    At Felix's SECRETFOREXSOCIETY there is a great Economic News Calendar as well as at FX street (both calendars delay several seconds after the news). These calendars are free, and there are a lot of them which should be paid and they give you information as soon as it is relesed.
     
  10. sleepdoc

    sleepdoc Recruit

    Joined:
    Oct 3, 2007
    Messages:
    7
    Likes Received:
    0

    Hamid,
    One way is to open a practice account at Oanda and click on "traders" in the horizontal blue bar). You can then access the FXNews in the grey background on the left. The news service is up to the second, even for practice accounts.

    Personally, I don't try to jump in immediately after the announcement, as you tend to get whipsawed sometimes. You might try waiting for a minute, or even a couple, to see which way the market will turn before entering a trade.
    You only need a portion of the move to make your day a very profitable one.

    Hope this helps.

    Sleepdoc

    BTW: I don't work for Oanda and have never actually traded real money w/them, so don't take this as some sort of recommendation, either good or bad. Just commenting on their news feed.
     

Share This Page