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

Forex Trading Signal 11/05/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Nov 5, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Joined:
    Sep 30, 2007
    Messages:
    752
    Likes Received:
    0
    Hi there my Forex friend :)

    Yes, we can! What a day, it seems Obama won and he is going to be the 44th President of the United States.

    I had the opportunity to join Obama rally in Chicago downtown and although I did not have tickets, there was plenty of space where people could see and hear what was going on.

    Although I do not want to enter a politician debate here, I got a few thoughts I would like to share with you. Quite honestly, I do not believe that this election will change America significantly in a short run (certainly not in the next few months), but it seems it had a lot of importance to ordinary Americans (at least in Chicago) who seem to be sick and tired of current wars, all that terrorist BS, and the rapidly going down U.S. economy. From the crowd I could hear the anger about Iraq war, so many people seriously angry about it, and every time they displayed Mc Cain or any republican, some people could not resist to shout out some vulgar words addressed to them. Quite honestly, it was quite a surprise for me. I looked at what people texted on their cellphones right after CNN announced that Obama would be the next U.S. President, and someone wrote: "I am happy that I will be less ashamed that I am an American." Indeed, these are very powerful words because as far as I remember 8 years ago Americans were very proud of them (in positive meaning) and had more friends than enemies.

    I am not saying he is going to be a good or bad president, I am just saying how people reacted; and since he was chosen, I wish him and America all the best.

    Anyway, let's go back to the business.

    There is nothing to review from Tuesday because we did not have anything tradable on Tuesday.

    If you missed yesterday's signal, here is how we trades Australian Interest Rate:
    110308_AustralianIR.swf

    Let's talk about Wednesday.

    First of all, here is Sir Pip's video with Forex analysis:
    11-05-2008.swf

    1. Wednesday, Novermber 5th, 2008 (4:30 a.m. New York Time) UK
    At 4:30 a.m. we will have U.K. Services PMI and Industrial Production. Historically, the Services PMI is more important. If it comes out at 46.0, I would buy GBP/USD; if it comes out at 43.0 or lower, I would sell GBP/USD and expect 40 pips move. This is also assuming that the other reports are not conflicting but even if they are, UK Services PMI should be most important here.

    2. Wednesday, Novermber 5th, 2008 (8:15 a.m. New York Time) USA
    At 8:15 a.m. we will have ADP Employment Change. Because there is a big spread of expectations, we will need to use bigger trigger here. If it comes out at -180K or lower (more negative), this should be enough to sell USD/JPY and expect 40 pips move. If it comes out at -50K or less negative, or positive, this should be good enough to buy USD/JPY and expect 40 pips move.

    3. Wednesday, Novermber 5th, 2008 (10:00 a.m. New York Time) USA
    At 10:00 a.m. we will have ISM Non-Manufacturing coming out. If it comes out at 49.5, this should be good enough to buy USD/JPY; if it comes out at 44.9 or lower, this should be enough to sell USD/JPY

    4. Wednesday, Novermber 5th, 2008 (4:45 p.m. New York Time) NEW ZEALAND
    At 4:45 p.m. we will have Employment Change out of New Zealand. If the Employment Change q/q comes out at -0.1 or 0.0 or positive, I would buy NZD/USD and look for 40 to 50 pips move. If it comes out at -1.1% or more negative, I would sell NZD/USD and expect 40 to 50 pips move as well. Keep an eye on the Unemployment rate, and don't forget that lower unemployment is good for the NZD and higher unemployment is bad for the NZD.

    5. Wednesday, Novermber 5th, 2008 (7:30 p.m. New York Time) AUSTRALIA
    At 7:30 p.m. we will have Australian Employment Change which is expected to come out at -10K. If it comes out at -25K or lower, I would sell AUD/USD and expect 40 pips move. If it comes out at 5K or higher, I would buy AUD/USD and expect 40 pips move as well. Ba careful, however, because we will also have Unemployment rate coming out and a conflict here can be deadly. In general, 0.2 deviation either way is a significant deviation that can move the market easily.

    That would be all for Wednesday.

    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.

    To Our Success!
    -Crazy Cat
     
    #1 Crazy Cat, Nov 5, 2008
    Last edited: Nov 5, 2008
  2. Jenny

    Jenny Recruit

    Joined:
    Nov 5, 2008
    Messages:
    1
    Likes Received:
    0
    Obama

    Wow. I'm sorry you decided to talk about Obama being elected. I do NOT consider that to be positive change. I am glad that a black man has been elected for the first time, but beyond that....
    I am just praying that he won't be able to destroy our economy as he wants to do- and turn us into a socialist country. I'm disillusioned that so many Americans chose to vote for style over substance. Otherwise how could someone with no experience and and an extreme radical left voting record convince over half the population that he represents their interests? I feel sorrow for those people who sincerely believe that Obama can and will help their economic situation- because he surely won't.
    Unsubscribing now.
    Sincerely,
    Jenny D
     
  3. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,653
    Likes Received:
    2,197
    Personally, I was a reluctant supporter of McCain, believing him to the the slightly lesser of two political weasels.

    However, I find it rather disappointing that the previous poster would base her decision to stay subscribed or to unsubscribe from the FPA's signals because Crazy Cat wrote something positive about Obama. I suspect that if he'd written something positive about McCain that there would have been at least one person on the other end of the spectrum who would have reacted similarly.

    The validity of FPA's signals doesn't vary based on who any one person decided to support politically. Basing a decision to subscribe/unsubscribe to free signals on such unrelated parameters is fiscally foolish and only contributes further to trying to turn healthy differences of opinion into adversarial extremism.

    The FPA is about avoiding scams and making pips. We've got members from almost every country in the world and of every political stripe. If Jenny wants a conservative republican forex forum (or someone wants a liberal democrat forex forum), she can go start her own.

    Personally, I'm staying here. I don't care what country my fellow FPA soldiers are from. I don't care who they support politically. I don't care what color their skin is. I don't care how they chose to worship or not to worship. As long as they are here to help their fellow soldiers out, that's ALL that matters to me.
     
  4. graham197830

    graham197830 Recruit

    Joined:
    Oct 10, 2008
    Messages:
    2
    Likes Received:
    0
    Hi Crazy Cat is it possible to get an email address for yourself or Sir Pips

    Thanks
    Graham
     
  5. thethinman

    thethinman Recruit

    Joined:
    Nov 19, 2007
    Messages:
    6
    Likes Received:
    0
    Great job Crazy Cat & Sir Pips!
    I agree with Pharaoh. Politics and religion are sure to push somebody's buttons.

    But don't you love those buzz words - oooooh, SOCIALISM! Scary! Never mind that Sweden, and most of the Scandanavian countries have long been "socialist", and doing better than the U.S. on most metrics.

    Perception, deception, it's like the market, you can't predict what will happen. The worst thing is that both congress and the president are in the same party. No balance. After the give-away, the taxes. Ooooooh, scary (and Halloween's over.)
     
  6. leankeenan

    leankeenan Recruit

    Joined:
    Oct 12, 2007
    Messages:
    2
    Likes Received:
    0
    Politcal Views

    Since Jenny brought this up, this kind of retarded thinking will gradually fade away as the President Obama moves the country into the future of prosperity for all. We should all be happy and not bitter.
     
  7. henhen

    henhen Recruit

    Joined:
    Jul 26, 2008
    Messages:
    1
    Likes Received:
    0
    Im all for pips here and always a big fan of sir cats. On a side note, luckily Obama isn't purely black, else I doubt his victory. Peace as always :)
     
  8. zarni

    zarni Recruit

    Joined:
    Nov 16, 2007
    Messages:
    91
    Likes Received:
    2
    erm...

    "Quite honestly, it was quite a surprise for me"

    You gotta be kidding me.
    Do you live in a cave?
     
  9. zarni

    zarni Recruit

    Joined:
    Nov 16, 2007
    Messages:
    91
    Likes Received:
    2
    Nice. Wish we could go back to Nazi Germany eh?
    America is proud of you for sure.
     
  10. rpaco

    rpaco Sergeant

    Joined:
    Oct 3, 2007
    Messages:
    184
    Likes Received:
    0
    Very surprised that Sir Pips chose the main business thread to talk politics, all that should be in the mess hall.
    However whether Obama is allowed to succeed can be deduced from whether or not he was invited to and attended this year's Builderburger meeting. If not he will not be with you for long. Sir Pips and Felix should know people who know people who know.
     

Share This Page