Felix Homogratus
Commander in Chief
- Messages
- 153
This is Felix.
If you wish to watch the video, just click on it, and then click on "play" icon.
On Friday we had Canadian Employment Change. I told you if the Canadian Employment comes out at 30 K or above, we may see USD/CAD going down by 40 pips or more in the first 30 minutes of the report, and of course I said, as always, that if the deviation is bigger, then the move might be bigger too. USD/CAD opened at 9440, and it the first 30 minutes the local low was 9373 so it moved 70 pips. In another 30 minutes it moved additional almost 50 pips. The total move was well over 100 pips. If you took advantage of this, congratulations. If you weren't able to get in because the price was moving fast, then obviously there is going to be another opportunity in the future.
Then we had U.S. Non-Farm Payroll. I said if it reaches 120 K or more, it would be a possible sell on GBP/USD, possibly good for 50 pips or more in the first 30 minutes of the report. We indeed got a sell signal, and the price opened at 2.0837 and went down to 2.0784 so it was about 51 pips, and then there was a very ugly retracement. It was a very ugly report. If you were able to make money on this, then you will probably be able to make money on many other reports because this was a very tough report to trade. I cannot believe myself what had happened as I really expected GBP/USD to go down much more, especially considering that was a such strong resistance level before the report. Unfortunately, we cannot predict everything in Forex.
Due to technical difficulties I did not post my signals for Monday. Now it is too late so let's now talk about Tuesday.
1. Tuesday, November 6th, 2007 (6:30 p.m. New York Time) AUSTRALIA
We will have Interest Rate statement out of Australia which is coming out at 6:30 p.m. New York time. It is expected that they will raise the rate from 6.50% to 6.75%. If that happens, then what is important are comments. If the comments are hawkish and they hint to a possibility of another rate hike, then AUD/USD may possibly go up by 50 pips or more in the first 30 minutes of the report. On the other hand, if they hike the rate and their comments are dovish like they will say there will be no more rate hikes, then we may see AUD/USD going down by 50 pips or more in the first hour of the report. Also, if they do not hike the rate (keep the rate unchanged at 6.50%), I think it is very possible that AUD/USD will go down by 50 pips or more in the first 30 minutes of the report.
That's pretty much all for tomorrow.
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.
Have a nice day. Thank you very much.
To Our Success!
-Felix Homogratus
If you wish to watch the video, just click on it, and then click on "play" icon.
On Friday we had Canadian Employment Change. I told you if the Canadian Employment comes out at 30 K or above, we may see USD/CAD going down by 40 pips or more in the first 30 minutes of the report, and of course I said, as always, that if the deviation is bigger, then the move might be bigger too. USD/CAD opened at 9440, and it the first 30 minutes the local low was 9373 so it moved 70 pips. In another 30 minutes it moved additional almost 50 pips. The total move was well over 100 pips. If you took advantage of this, congratulations. If you weren't able to get in because the price was moving fast, then obviously there is going to be another opportunity in the future.
Then we had U.S. Non-Farm Payroll. I said if it reaches 120 K or more, it would be a possible sell on GBP/USD, possibly good for 50 pips or more in the first 30 minutes of the report. We indeed got a sell signal, and the price opened at 2.0837 and went down to 2.0784 so it was about 51 pips, and then there was a very ugly retracement. It was a very ugly report. If you were able to make money on this, then you will probably be able to make money on many other reports because this was a very tough report to trade. I cannot believe myself what had happened as I really expected GBP/USD to go down much more, especially considering that was a such strong resistance level before the report. Unfortunately, we cannot predict everything in Forex.
Due to technical difficulties I did not post my signals for Monday. Now it is too late so let's now talk about Tuesday.
1. Tuesday, November 6th, 2007 (6:30 p.m. New York Time) AUSTRALIA
We will have Interest Rate statement out of Australia which is coming out at 6:30 p.m. New York time. It is expected that they will raise the rate from 6.50% to 6.75%. If that happens, then what is important are comments. If the comments are hawkish and they hint to a possibility of another rate hike, then AUD/USD may possibly go up by 50 pips or more in the first 30 minutes of the report. On the other hand, if they hike the rate and their comments are dovish like they will say there will be no more rate hikes, then we may see AUD/USD going down by 50 pips or more in the first hour of the report. Also, if they do not hike the rate (keep the rate unchanged at 6.50%), I think it is very possible that AUD/USD will go down by 50 pips or more in the first 30 minutes of the report.
That's pretty much all for tomorrow.
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.
Have a nice day. Thank you very much.
To Our Success!
-Felix Homogratus
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