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: https://www.forexpeacearmy.com/fore...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: https://www.forexpeacearmy.com/fore...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: https://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
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: https://www.forexpeacearmy.com/fore...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: https://www.forexpeacearmy.com/fore...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: https://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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