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Signals Review (Jan 11 - Jan 15) 80 pips

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jan 17, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    This is Crazy Cat, with the review of the week.

    This week, we were watching 4 economic indicators. 1 of them hit the triggers that I sent to you. Let's review them...

    1. Wednesday, January 13th (19:30 New York time) Australian Employment (SUCCESS)

    The trigger for this indicator was 15. This means that if Australian Employment comes out at 25.2 or more, AUD/USD would probably go up by 40 pips or more in the first 45 minutes of the report. It actually came out at 35.2, and AUD/USD moved up by almost 80 pips.
    Please see for yourself what happened on this chart:
    Forex news trading currency exchange charts

    This was an amazing report in many ways. Not only it was a really nice spike, but also it seems like someone leaked wrong number right before the report, causing AUD/USD going down by 40 pips. When the actual number was released, then the price reversed immediately.

    I understand it was a really hard report to trade if you wanted to trade after spike but if you were able to grab the spike, then obviously it would be one of the best reports ever. In fact, I made record high money on this report.

    If you did not grab anything, don't blame yourself as it was a very tricky report to trade due to pre-release price action. We will see more good opportunities to trade so don't give up.

    Have a good weekend!
    --Crazy Cat
     
    #1 Crazy Cat, Jan 17, 2010
    Lasted edited by : Sep 8, 2016
  2. Rubin Hood

    Rubin Hood Private

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    Actually I read on Forexlive that the pre-spike drop was due to a bank employee's manual error. He entered an offer for AUD that was accidentally 100 pips lower. I have no way to verify if that's true.
     
  3. mechtech63

    mechtech63 Corporal

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    This is true. I saw this come across just a little adter the down spike. Almost crapped my pants, because I was going the other way and saw this as ready to blow out my stop.

    Whew....:hissyfit:

    I also made a little money on one of the other signals. Week was tough after the non-farm kicked the market in the balls. It will shake off and we'll get things going.
     
  4. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Whatever happened was great. I made a lot of money....
     
  5. P Rama Krishnan

    P Rama Krishnan Recruit

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    Thanks a lot for guiding newbie like me

    hello FPA,

    thanks for providing this wonderful service to newbie like me. i received your mail regarding forecast details but i dont where to get the news at that time. i tried reuters, bloomberg.. but i dont know where exactly that information is provided. please tell the correct news delivery url. thanks a lot.
     
  6. koco

    koco Private, 1st Class

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    I lost

    Damn! I was looking forward to earn nice money with this Australian report that I take as reliable one (together with other AUD reports). Besides the other news this week that failed this one was for me the most terrible one - thanks to the pre-spike drop :-( It unfortunatelly stopped me out.

    However, I still don't understand how could one bank's employee failure have such a great impact on the whole market. Can someone explain?
     
  7. adil149

    adil149 Recruit

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    where to get the news at that time?

    hy- keep track of the upcoming events & news
    @
    Forex Factory
    Forex Factory

    i mean, this works out for me... :cute:
     
  8. Rex Rhinesmith

    Rex Rhinesmith Recruit

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    Another newbie here! Thanks Crazy Cat and all. This looks to be a good fellowship of the pip!
     
  9. leob1928

    leob1928 Private

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    how?

    Crazy Cat, how did you earn money on this report grabbing the spike? did you bought before the release? entered after the number appeared, how come you saw the number so fast?
     
  10. zarni

    zarni Recruit

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    Do you mind posting the link to this article? If you are quoting it correctly, I am surprised that a relatively reputable publication could explain the price action this in such a way.
     

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