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Forex Trading Signal 12/22/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Dec 22, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there my forex friend.

    Sir Pipsalot here enjoying my Christmas away from home this week. I've transplanted my trading setup from NYC to my family's home in Virginia and will be monitoring the markets and trading the key news down here this week. I decided not to do a video tonight while I settle in and try to get my video software reinstalled out here, but I plan on putting out a video for tomorrow night since we have a lot of news coming out on Tuesday. Tomorrow there is just one report worth looking out for, and that's:

    NZ GDP q/q expected at -0.5. I would say a 0.3 deviation would be worth trading.
    If it comes out at -0.2% or higher, I'd look to buy NZD/USD
    If it comes out at -0.8% or higher, I'd look to sell NZD/USD
    I'd expect a move of about 30 pips in either direction.

    There's always a chance news like this might get ignored on a holiday week like this, but I think it has a decent chance of working. If it gets ignored, at least you can get out for a small gain or small loss without much harm done. If you guys haven't been watching my video, it's worth watching the video from the last signal as I talk about some longer term stuff that is still applicable now.

    Take care folks, and Merry Christmas.
     

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