Forex Trading Signal 11/21/08

Crazy Cat

Former FPA Special Consultant
Messages
753
Hi there my forex friend :)

Here is Sir Pip's video:
11-21-2008.swf

Let's first review what happened on Thursday.

At 4:30 a.m. we had UK Retail Sales. GBP/USD moved quite a bit up, and I made some pips with SNW. I also shorted at the top of the spike, so I also made money on the retracement. Very cool, I made money both on buy and sell on this report... :)

Let's now talk about Friday.

1. Friday, November 21st, 2008 (7:00 a.m. New York Time) CANADA
At 7:00 a.m. we will have Canadian CPI coming out. If the Core CPI m/m comes out at 0.2% or higher, probably it would be OK to buy USD/CAD but it might be good for a couple of minutes only. If it comes out at -0.2 or lower, probably it would be OK to sell USD/CAD but it will probably retrace as well. In any event, the price might move 30 pips or so. I will not, however, be trading it with SNW. I don't feel it is worthy to take a risk. I made some money on UK Retail Sales, and I am happy with that.

That's all for Friday.

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To Our Success!
-Crazy Cat && Sir Pip
 
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