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Forex Trading Signal 12/03/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Dec 2, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there my Forex friend :)

    Here is Sir Pip's video:
    12-03-2008.swf

    Let's first review what happened on Tuesday.

    Australian GDP came out slightly lower than expected and AUD/USD did not do much. It was a no trade.

    Let's talk about Wednesday.

    1. Wednesday, December 3rd, 2008 (4:30 a.m. New York Time) UK
    At 4:30 a.m. we will have UK Services PMI which is expected to come out at 41.2. I would not trade smaller deviation than 2.0. Last month we had -2.1 deviation and GBP/USD went down by about 30 pips. This indicator still worked past 3 months although it does not move a lot of pips. If it comes out at 43.0 or higher, I would buy GBP/USD and expect 30 pips move. If it comes out at 39.2 or lower, I would sell GBP/USD and expect 30 pips move as well.

    2. Wednesday, December 3rd, 2008 (8:15 a.m. New York Time) USA
    At 8:15 a.m. we will have U.S. ADP Employment Change. This needs to deviate a lot to move USD/JPY, and even if it deviates a lot, spikes are not huge. If it comes out at -55K or less negative, this might move USD/JPY up a bit. If it comes out at at -275K or lower, USD/JPY may move down a bit. I don't like trading this report, however.

    3. Wednesday, December 3rd, 2008 (10:00 a.m. New York Time) USA
    At 10:00 a.m. we will have U.S. ISM Non-Manufacturing coming out. It is not so important report now. I would use a big trigger here such as 5.0. Chances are low it will deviate that much but once a while it happens. If it comes out at 47 or higher, USD/JPY or EUR/JPY should move up by 35 pips. If it comes out at 37 or lower, USD/JPY or EUR/JPY should go down by 35-40 pips as well.

    4. Wednesday, December 3rd, 2008 (3:00 p.m. New York Time) NEW ZEALAND
    At 3:00 p.m. we will have Interest Rate statement out of New Zealand. It is expected it will come out at 5.00% so 150 bp cut is expected. If they cut by that much, although initially we might see price going down on NZD/USD, overall NZD/USD may push higher as this would tell people that the government is listening to the market needs. If they cut much less than expected, the initial spike might be up but NZD/USD may push lower as people will be disappointed. I am not sure yet if I will be trading it with the SNW.

    That's all for Wednesday.

    Last chance to try the Diamonds for $27.00 for 2 weeks. We will soon raise prices again.

    In case you don't know, Sir Pips has a live trading room, in which he trades these news reports. There, he shares his trades in real time, including exact entries and exits, and detailed explanation for every entry and exit. The service costs $299 per month, but we have a 14-days $27.00 trial. Go to Forex Diamonds and take advantage of this offer. This offer is for NEW customers only.

    To Our Success!
    -Crazy Cat && Sir Pip
     
  2. Spider

    Spider Recruit

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    Peace army daily signals

    Hi,
    I am fairly new to the forex trading. So can someone please tell me.
    When the daily signals are given by peace army by the time the information on what has happened in the economic news has reached us surely the idea of trading on the news has already gone ? I know I must be wrong but how do I get the information quick enough to have any effect.

    Hope you can help

    Spider
     
  3. Mark Harding

    Mark Harding Corporal

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    Thanks for the Video SP

    Thanks for the video SP - I too am a big fan of your fundamental and longer-term perspective !

    The emails come out well in advance Spider - get out of bed earlier to read them before the news.

    Mark
     
  4. FrankTheTank

    FrankTheTank Private

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    Spider,

    Many of us use a product called Secret News Weapon (SNW) which will deliver the news to you milliseconds after its released. In the past, we could use this quick information to make money on the news spike up or down. However, recently it has become near impossible to make money because broker spreads have been too high and the market spikes have been too small or not in the right direction.
     

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