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

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Nov 2, 2009.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

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    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...escriptions/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...l-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
     
    #1 Felix Homogratus, Nov 2, 2009
    Lasted edited by : Nov 3, 2009
  2. LEXngton

    LEXngton Corporal

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    Felix, nice to see ya around again buddy!!! Still trading with SNW and making good $$$, thanks for everything...
     
  3. C H

    C H Recruit

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

    Wow!
     
  4. azhankhalid

    azhankhalid Recruit

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    its a long time....

    welcome back felix bro.. ;););)
     
  5. Real Managers

    Real Managers Banned again

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    Am I dreamin? The news released was Interest Rate and not Retail Sales. So what is woow about the pips? lol
     
  6. ALVIN

    ALVIN Recruit

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    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
     
  7. mango67

    mango67 Recruit

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    No, you are correct. I think CH made a mistake. Today (3rd) the Bank Rate was announced, tomorrow (4th) the Retail Sales.
     
  8. SteveOO

    SteveOO Recruit

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    Nice to hear from you Felix....We all miss you.
     
  9. mechtech63

    mechtech63 Corporal

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    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?
     
  10. OLE

    OLE Private

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    i make scalping using fxpro its great very fast
     

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