Felix Homogratus
Commander in Chief
- Messages
- 153
This is Sir Pips.
If you wish to watch the video, just click on it, and then click on "play" icon. My video version is MUCH MORE detailed so I encourage you to watch it.
Let's first review what happened earlier today.
At 3:30 a.m. we had Swiss Interest Rate statement. They left the rate unchanged so it was a no trade.
At 8:30 we had U.S. Retail Sales. It doubled my trigger I gave you, and also the PPI came out in the same direction. USD/JPY opened at 111.90, and in the first 15 minutes it moved 40 pips, and then it went even higher, moving total of 55 pips from pre-release price. To learn why I traded USD/JPY, not GBP/USD, please watch the video. I speak a lot about it on the video, and I strongly encourage you to watch it. Anyway, I hope you made a good money on this report.
Let's now talk about tomorrow.
1. Friday, December 14th, 2007 (8:30 a.m. New York Time) USA
We will have only one tradable indicator, and that is Core CPI coming out of the U.S. It is expected to come out at 0.2%. I think this is worthy to trade with any deviation. If it comes out at 0.1% or lower, that would be dollar weakening so buy signal on GBP/USD, and we can expect 35 to 50 pips move or more in the first hour of the report. On the other hand, if it comes out at 0.3% or higher, we can expect a sell signal on GBP/USD, good for 35 to 50 pips or more in the first hour of the report. The CPI is less in focus than it used to be so we may get a choppy price action but still quite important.
SUMMARY:
* Report: US Core CPI
* Buy on GBP/USD if the number will be 0.1% or lower
* Sell on GBP/USD if the number will be 0.3% or higher
That's all for tomorrow.
If news trading seems to be very interesting for you, then I suggest you to go to Forex Diamonds - News Trading Education and read everything about this service. It is a live trading service I provide with Felix, and I will be able to show you exactly what I am doing as I am leading hundreds of traders just like you every day with very clear strategies on when to get in and get out. As people are following my trades, they are learning how to trade the news, feel comfortable with trading and make good profits. We offer 21 days free trial so you can just try it and see how you like it.
Thank you very much, and good luck with your trades.
To Our Success!
-Sir Pipsalot
If you wish to watch the video, just click on it, and then click on "play" icon. My video version is MUCH MORE detailed so I encourage you to watch it.
Let's first review what happened earlier today.
At 3:30 a.m. we had Swiss Interest Rate statement. They left the rate unchanged so it was a no trade.
At 8:30 we had U.S. Retail Sales. It doubled my trigger I gave you, and also the PPI came out in the same direction. USD/JPY opened at 111.90, and in the first 15 minutes it moved 40 pips, and then it went even higher, moving total of 55 pips from pre-release price. To learn why I traded USD/JPY, not GBP/USD, please watch the video. I speak a lot about it on the video, and I strongly encourage you to watch it. Anyway, I hope you made a good money on this report.
Let's now talk about tomorrow.
1. Friday, December 14th, 2007 (8:30 a.m. New York Time) USA
We will have only one tradable indicator, and that is Core CPI coming out of the U.S. It is expected to come out at 0.2%. I think this is worthy to trade with any deviation. If it comes out at 0.1% or lower, that would be dollar weakening so buy signal on GBP/USD, and we can expect 35 to 50 pips move or more in the first hour of the report. On the other hand, if it comes out at 0.3% or higher, we can expect a sell signal on GBP/USD, good for 35 to 50 pips or more in the first hour of the report. The CPI is less in focus than it used to be so we may get a choppy price action but still quite important.
SUMMARY:
* Report: US Core CPI
* Buy on GBP/USD if the number will be 0.1% or lower
* Sell on GBP/USD if the number will be 0.3% or higher
That's all for tomorrow.
If news trading seems to be very interesting for you, then I suggest you to go to Forex Diamonds - News Trading Education and read everything about this service. It is a live trading service I provide with Felix, and I will be able to show you exactly what I am doing as I am leading hundreds of traders just like you every day with very clear strategies on when to get in and get out. As people are following my trades, they are learning how to trade the news, feel comfortable with trading and make good profits. We offer 21 days free trial so you can just try it and see how you like it.
Thank you very much, and good luck with your trades.
To Our Success!
-Sir Pipsalot
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