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
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
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