Hi there 
This is Crazy Cat, with the review of the week.
This week, we were watching 6 economic indicators. 1 of them hit the triggers that I sent to you. Let's review...
1. Friday, Feb 19th (04:30 New York time) UK
I said if UK Retail Sales comes out at -1.1 or more negative, GBP/USD will probably go down by 40 pips or more in the first 45 minutes of the report.
It actually came out at -1.2 but the y/y number came out at 2.6 versus 1.1 expected, and revision numbers were also better.
Well, this is where the experience plays a big role - which one is more important: m/m or y/y? Based on m/m we had sell signal but if we had triggers set on y/y, we would have a buy signal. Of course, since we traded the m/m number, the price went down as expected. That means I made a good money.
Obviously because of such huge conflict, I cannot expect you made anything on after spike; in fact, I said to stay away if there is a conflict. If you used, however, Secret News Weapon, like I did, you probably made a good money. As a matter of fact, I grabbed a quick 26 pips profit right on the spike. I must admit the spike was hard to trade, I got a few no fills and a few fills, still very good money for just 1 minute of work.
Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
By the way, didn't I just said US CPI is a crap? In fact, some people call me Lazy Cat - and that's fine with me. My goal is to make money, not trade everything or please entire world. I trade only good reports (and therefore with a higher leverage) and I don't bother to get out of bed when we have a crap like that. This strategy works extremely well for me, and since it works so well, I don't see any reason to spoil or change it...
Anyway, have a good Sunday!
--Crazy Cat
This is Crazy Cat, with the review of the week.
This week, we were watching 6 economic indicators. 1 of them hit the triggers that I sent to you. Let's review...
1. Friday, Feb 19th (04:30 New York time) UK
I said if UK Retail Sales comes out at -1.1 or more negative, GBP/USD will probably go down by 40 pips or more in the first 45 minutes of the report.
It actually came out at -1.2 but the y/y number came out at 2.6 versus 1.1 expected, and revision numbers were also better.
Well, this is where the experience plays a big role - which one is more important: m/m or y/y? Based on m/m we had sell signal but if we had triggers set on y/y, we would have a buy signal. Of course, since we traded the m/m number, the price went down as expected. That means I made a good money.
Obviously because of such huge conflict, I cannot expect you made anything on after spike; in fact, I said to stay away if there is a conflict. If you used, however, Secret News Weapon, like I did, you probably made a good money. As a matter of fact, I grabbed a quick 26 pips profit right on the spike. I must admit the spike was hard to trade, I got a few no fills and a few fills, still very good money for just 1 minute of work.
Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
By the way, didn't I just said US CPI is a crap? In fact, some people call me Lazy Cat - and that's fine with me. My goal is to make money, not trade everything or please entire world. I trade only good reports (and therefore with a higher leverage) and I don't bother to get out of bed when we have a crap like that. This strategy works extremely well for me, and since it works so well, I don't see any reason to spoil or change it...
Anyway, have a good Sunday!
--Crazy Cat
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