Forex Trading Signal 11/3/09 (From Felix)

Felix Homogratus

Commander in Chief
Messages
153
Hi there :)

This is Felix.

Today was a very good day with excellent moves from both UK PMI Manufacturing and US ISM Manufacturing. But I will send you an email this Friday, in which we will review all trades this week that hit my triggers.

Tomorrow, we have only one tradable economic indicator from Australia.

1. Tuesday, November 3rd (19:30 New York Time) AUSTRALIA

We have Australian Retail Sales coming out. It is expected to come out at 0.5% versus 0.9% last month.

Please read what this indicator means and how it affects the Australian Dollar by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7343-australian-retail-sales.html

The trigger for this indicator is 0.4. This means that if the Retail Sales comes out at 0.9% or higher, AUD/USD will probably go up by 35 pips or more in the first few minutes of the report. If it comes out at 0.1% or lower, AUD/USD will probably go down by 35 pips or more in the first few minutes of the report. The initial spike will probably happen within the first few seconds. If you miss it, don't worry, you can still make money on the after-spike move. Click here to read my after-spike retracement strategy for this report: http://www.forexpeacearmy.com/forex-forum/felix-after-spike-retracement-strategies/7344-australian-retail-sales-after-spike-retracement-strategy.html

In addition to this report, we will have Building Approvals and Quarterly Retail Sales excluding inflation. You can ignore Building Approvals number, because it will probably not have any effect on AUD/USD, but if Quarterly Retail Sales come out conflicting with Monthly Retail Sales, I would stay out of the trade.

For example: on September 29th, monthly retail sales came out at 0.9%, versus 0.5% expected. The building approvals came out at -0.1% versus 2.5% expected. Great money making opportunity! See for yourself what happened on this chart: http://www.forexpeacearmy.com/forex-forum/daily-signals-charts/7347-australian-retail-sales-chart-09-29-09-a.html

I hope you make money tomorrow :)
-Felix
 
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LEXngton

Corporal
Messages
88
Felix, nice to see ya around again buddy!!! Still trading with SNW and making good $$$, thanks for everything...
 

C H

Recruit
Messages
1
Australian Retail Sales report came out lower than expected and dropped more than 40 pips!

Wow!
 

ALVIN

Recruit
Messages
6
About FX broker

Anybody know which broker allow to make scalping trading(close open position less than 1 minutes)??
And with no REQUOTE too. Thank u
 

mechtech63

Corporal
Messages
123
What about the EUR/USD pair?

Felix, what happened last night with the big down trend?

I notice you didn't have any definate opinions on this. Seems like this was an unexpected move down. Do you know what triggered this run?
 
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