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.
or high-res.: 12-24plus-2007.swf
Let's first review what happened on Friday.
On Friday we had UK Retail Sales. It came out a little higher than expected but it did not hit our trigger so it was a no trade. The price action was not interesting, and it was good we did not enter the trade.
Then we had Canadian GDP and Retail Sales. The Headline Retail Sales came out at 0.4 higher than expected so it did not hit our trigger. The GBP came out at 0.1 higher than expected so it also did not hit our trigger. Both indicators came out in the same direction but they did not have tradable triggers. The U.S. PCE m/m came out as expected but y/y was higher than expected. So we got quite strong data from Canada and from the U.S.A. so trading USD/CAD would be pretty hard. In Diamonds room we decided to trade EUR/CAD and it worked pretty well.
Let's now talk about this week.
1. Wednesday, December 26th, 2007 (9:00 a.m. New York Time) USA
On Wednesday, Dec 26, at 9 a.m. New York time we will have S&P/CS Composite 20 House Price Index y/y coming out of the U.S. It is expected to come out at -5.7%, and I recommend to use 0.3 triggers. If it comes out at -6% or more negative, that would be a sell signal on USD/JPY, and -5.4% or less negative would be a buy signal on USD/JPY. It is a new indicator, and it was performing pretty well past few months.
2. Thursday, December 27th, 2007 (8:30 a.m. New York Time) USA
On Thursday at 8:30 a.m. New York time we will have U.S. Durable Goods x Transportation and Initial Jobless Claims. The Initial Jobless Claims is expected to come out at 340K versus 346K last month. If Durable Goods comes out at 3% or higher, that would be a sell signal on GBP/USD. A reading of -2% or more negative would constitute a buy signal on GBP/USD. Then look at Initial Jobless Claims: 20K trigger should be tradable.
3. Thursday, December 27th, 2007 (6:30 p.m. New York Time) JAPAN
We are going to have Tokyo CPI coming out. I would not trade this one.
4. Friday, December 28th, 2007 (2:00 a.m. New York Time) UK
On Friday at 4:30 a.m. New York time we will have the UK Nationwide House Prices. It is expected to come out at -0.3%. I recommend trading 0.3 trigger so if it comes out at 0 or positive, it would be a buy signal on GBP/USD, good for 25 to 30 pips. If it comes out at -0.6% or more negative, it would be a sell signal on GBP/USD, good for 25 to 30 pips. You can also trade GBP/JPY.
5. Friday, December 28th, 2007 (10:00 a.m. New York Time) USA
Then at 10 a.m. New York time we will have the U.S. New Home Sales. If it comes out at 770K or higher, it would be a buy signal on USD/JPY, and a reading of 670K or lower would give a sell signal on USD/JPY with about 30 pips profit target.
That would be all for this week.
If news trading seems to be very interesting for you, then I suggest you to go to www.forexdiamonds.com 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. Happy Holidays!
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.
or high-res.: 12-24plus-2007.swf
Let's first review what happened on Friday.
On Friday we had UK Retail Sales. It came out a little higher than expected but it did not hit our trigger so it was a no trade. The price action was not interesting, and it was good we did not enter the trade.
Then we had Canadian GDP and Retail Sales. The Headline Retail Sales came out at 0.4 higher than expected so it did not hit our trigger. The GBP came out at 0.1 higher than expected so it also did not hit our trigger. Both indicators came out in the same direction but they did not have tradable triggers. The U.S. PCE m/m came out as expected but y/y was higher than expected. So we got quite strong data from Canada and from the U.S.A. so trading USD/CAD would be pretty hard. In Diamonds room we decided to trade EUR/CAD and it worked pretty well.
Let's now talk about this week.
1. Wednesday, December 26th, 2007 (9:00 a.m. New York Time) USA
On Wednesday, Dec 26, at 9 a.m. New York time we will have S&P/CS Composite 20 House Price Index y/y coming out of the U.S. It is expected to come out at -5.7%, and I recommend to use 0.3 triggers. If it comes out at -6% or more negative, that would be a sell signal on USD/JPY, and -5.4% or less negative would be a buy signal on USD/JPY. It is a new indicator, and it was performing pretty well past few months.
2. Thursday, December 27th, 2007 (8:30 a.m. New York Time) USA
On Thursday at 8:30 a.m. New York time we will have U.S. Durable Goods x Transportation and Initial Jobless Claims. The Initial Jobless Claims is expected to come out at 340K versus 346K last month. If Durable Goods comes out at 3% or higher, that would be a sell signal on GBP/USD. A reading of -2% or more negative would constitute a buy signal on GBP/USD. Then look at Initial Jobless Claims: 20K trigger should be tradable.
3. Thursday, December 27th, 2007 (6:30 p.m. New York Time) JAPAN
We are going to have Tokyo CPI coming out. I would not trade this one.
4. Friday, December 28th, 2007 (2:00 a.m. New York Time) UK
On Friday at 4:30 a.m. New York time we will have the UK Nationwide House Prices. It is expected to come out at -0.3%. I recommend trading 0.3 trigger so if it comes out at 0 or positive, it would be a buy signal on GBP/USD, good for 25 to 30 pips. If it comes out at -0.6% or more negative, it would be a sell signal on GBP/USD, good for 25 to 30 pips. You can also trade GBP/JPY.
5. Friday, December 28th, 2007 (10:00 a.m. New York Time) USA
Then at 10 a.m. New York time we will have the U.S. New Home Sales. If it comes out at 770K or higher, it would be a buy signal on USD/JPY, and a reading of 670K or lower would give a sell signal on USD/JPY with about 30 pips profit target.
That would be all for this week.
If news trading seems to be very interesting for you, then I suggest you to go to www.forexdiamonds.com 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. Happy Holidays!
To Our Success!
-Sir Pipsalot
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