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Forex Trading Signal 12/23/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Dec 23, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there my Forex friend.

    Here is the link for the video:
    12-23-2008.swf

    Not much happened on Monday with NZ GDP coming out very close to expectations.

    On Tuesday the 12-23 we have 3 situations to look out for

    0430 EST UK GDP 3Q final revision expected at -0.5%
    This is the final revision, so it will likely not get as much love from the markets as other releases, but with a 0.3% deviation it could be a stealth mover.
    -0.2% or higher buy GBP/USD for about 30 pips
    -0.8% or lower short GBP/USD for about 30 pips
    If it comes out close to expectations, look to trade the technicals and possibly get in against the number as this will not be a trend setter and is likely to reverse an initial move.

    0830 EST US GDP 3Q final revision expected at -0.5%
    As with UK GDP today, this is the final revision, so it will likely not get as much love from the markets as other releases, but with a 0.6% deviation it could be a stealth mover.
    +0.1% or higher buy USD/JPY for about 30-40 pips
    -1.1% or lower short USD/JPY for about 30-40 pips
    If it comes out close to expectations, look to trade the technicals and possibly get in against the number as this will not be a trend setter and is likely to reverse an initial move.

    1000 EST US Existing and New Home Sales m/m.
    EHS expected at 4.93M and NHS at 418K. I tip my hat a bit towards Existing home sales as the slightly more important report here, but definitely stay out on any conflict. Housing indicators aren't what they used to be, but with 2 out at the same time they could prove worthwhile.
    EHS at 5.1M or NHS at 480K or higher buy USD/JPY for about 30-40 pips
    EHS at 4.79M or NHS at 350K or lower short USD/JPY for about 30-40 pips
    If both come out close to expectations, look for the technicals to take over, but it's more likely that the market and usd/jpy may rally on news that isn't horrible.

    That's all for tonight. Good luck trading and Merry Christmas!

    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
     
  2. maclennan

    maclennan Recruit

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    current forex trading signals

    Dear Sirs,

    I have just watched your video, and looked over your text.
    Please advise, what is the best book/course for a complete novice in this field, to learn all about forex trading.
    Hope you have a great Christmas and Happy & prosperous New Year
     
  3. omo9ja

    omo9ja Private, 1st Class

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    U.K GDP q/q

    -0.6% was supposed to be a no trade but my long term bias on GBP/USD still points short. So i jumped into it, got 30pips and exited. Waiting for US GDP.
    Thanks a lot for 2days signal.
     
    #3 omo9ja, Dec 23, 2008
    Last edited: Dec 23, 2008
  4. omo9ja

    omo9ja Private, 1st Class

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    Just visit babypips.com and you'll have more than enough and the best part is that its FREE.
     
  5. Janethjack

    Janethjack Private

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    go ahead and get a free demo. Besides follow babypips, practice and check every single tip, theory and concept studied there. Try to find a good platform especially which fits with your development as a trader. I got mine from Tradeviewforex, it was good from my first steps in the market and still becoming an “oldbie”, I’ve never thought about try anymore. Janeth
     
  6. murpheytrader

    murpheytrader Private

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    it is also useful even if you have a live account you may have besides a demo and get some experience with indicators and strategies you think are good enough. If you’re learning from a particular website, check every new theory or concept you’ve read and surely you’ll really learn. Kevin M
     

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