Hi there my forex friend
Sir Pips is done with his finals so I have his video for you today.
Here is Sir Pip's video:
12-12-2008.swf
Let's first review what happened on Thursday.
We had NZ Retail Sales which deviated a lot but the market completely ignored it. I traded it and I lost pretty much the spread.
The big news, however, was that the government will not help American car manufactures. Sir Pips just happened to be around, and he gave a few trades in the Diamonds room, and we made A LOT OF MONEY. Man, that was beautiful. I exited early and made "only" 100 pips profit but some other people made well over 200 pips. Beautiful profits, beautiful day.
Let's talk about Friday.
1. Friday, December 12th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m. we are going to have US PPI and US Retail Sales. U.S. Retail Sales headline is expected to come out at -2.0%. and U.S. Retail Sales core is expected to come out at -1.8%. I would not worry too much about PPI. This may or may not work because the market is so absorbed about the other news now. But, I still think it may work but do not trade it on EUR/USD or GBP/USD, trade only on USD/JPY. If the core number comes out at -2.8% or more negative, I would sell USD/JPY and expect 30 pips move. If it comes out at -0.8% or less negative, or positive, I would buy USD/JPY and expect 30 pips move as well.
That's all for today. Have a good trading session, and have a good weekend.
TRADE LIVE WITH SIR PIPS FOR $39.00 FOR 2 WEEKS
Sirpipsalot 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 $39.00 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
Sir Pips is done with his finals so I have his video for you today.
Here is Sir Pip's video:
12-12-2008.swf
Let's first review what happened on Thursday.
We had NZ Retail Sales which deviated a lot but the market completely ignored it. I traded it and I lost pretty much the spread.
The big news, however, was that the government will not help American car manufactures. Sir Pips just happened to be around, and he gave a few trades in the Diamonds room, and we made A LOT OF MONEY. Man, that was beautiful. I exited early and made "only" 100 pips profit but some other people made well over 200 pips. Beautiful profits, beautiful day.
Let's talk about Friday.
1. Friday, December 12th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m. we are going to have US PPI and US Retail Sales. U.S. Retail Sales headline is expected to come out at -2.0%. and U.S. Retail Sales core is expected to come out at -1.8%. I would not worry too much about PPI. This may or may not work because the market is so absorbed about the other news now. But, I still think it may work but do not trade it on EUR/USD or GBP/USD, trade only on USD/JPY. If the core number comes out at -2.8% or more negative, I would sell USD/JPY and expect 30 pips move. If it comes out at -0.8% or less negative, or positive, I would buy USD/JPY and expect 30 pips move as well.
That's all for today. Have a good trading session, and have a good weekend.
TRADE LIVE WITH SIR PIPS FOR $39.00 FOR 2 WEEKS
Sirpipsalot 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 $39.00 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