reading between the lines
Henry, You are providing some great info, but I find some trade recommendations quite clear, and others very vague, so I hope this feedback will help highlight this and you can consider how to make things more clear. I understand when giving forecasts sometimes you are not 100% sure, so you might hint something, but then in claiming success this also needs to be taken into account. However when you are 100% accurate in your prediction and it was crystal clear then of course, muchos kudos!!!
For the pre-news recommendations, the information was in different parts of the signal, there was no standardized way to highlight it, perhaps you should add a Pre-News label. For example:
Forex Signal (Fri, July 23 2010, 4:30am NY Time EST) - UK Prelim GDP q/q - 07-22-2010, 11:24 PM
The Trade Plan (<<-- under Trade Plan)
Due to the "Buy on rumor Sell on news" market reaction, we could see some demand in the GBP prior to the release. It is possible to BUY GBP during the overnight Asian session if you see a dip in the market... (dip like say 30 pips?)
Forex Signal (Thur July 22, 2010 8:30am EST NY Time) CA Core Retail Sales m/m - 07-21-2010, 08:36 PM
The Market (<<-- under Trade Plan)
Recent Employment Change from Canada showed a surprisingly 93.2K of new jobs created, this is surely going to add expectations for better release today. My bias is to SELL USD/CAD Note:You can take a pre-news trade sell USD/CAD during European session, but you have to close the trade before the 8:30am release, or close part of your order to cut down on risk exposure. (much more clear)
Forex Signal (Tue July 20, 2010 9:00am EST NY Time) CA BOC Overnight Rate Decision - 07-19-2010, 08:03 PM
The Market (<<-- under Trade Plan)
In my opinion we should see stronger CAD just before the rate decision tomorrow, as I am already shorting the USD/CAD from 1.0570 level looking to get out at 1.0500~1.0450 before the release. (clear but given when asia opened and europe reversed, so anyone getting in late might not have been able to catch it)
As for Weekly Trend:
Combined by the fact that EU will be releasing the results of the 91 banks stress test results. This would undoubtedly weigh on EUR this week as uncertainty usually spells "S-E-L-L" in Forexspeak.
Euro price when thread published was around start of asian session, euro was around 1.2900, by tuesday it was back over 1.3025, then the sell off did occur. When the thread was published and euro was at 1.2900, perhaps even exited with a stop...indeed when exit euro at 1.2750 on wednesday july 21st when the bank stress test still had not been released...why not wait for them to come out and the euro to go for 1.2450. Indeed soon euro was back up to 1.2950, and the big whipsaw ensued on friday...hard to say, I could see longs and short winning and loosing both.
Anyhow, keep up the good work, hope you can make things more clear.
Henry, You are providing some great info, but I find some trade recommendations quite clear, and others very vague, so I hope this feedback will help highlight this and you can consider how to make things more clear. I understand when giving forecasts sometimes you are not 100% sure, so you might hint something, but then in claiming success this also needs to be taken into account. However when you are 100% accurate in your prediction and it was crystal clear then of course, muchos kudos!!!
For the pre-news recommendations, the information was in different parts of the signal, there was no standardized way to highlight it, perhaps you should add a Pre-News label. For example:
Forex Signal (Fri, July 23 2010, 4:30am NY Time EST) - UK Prelim GDP q/q - 07-22-2010, 11:24 PM
The Trade Plan (<<-- under Trade Plan)
Due to the "Buy on rumor Sell on news" market reaction, we could see some demand in the GBP prior to the release. It is possible to BUY GBP during the overnight Asian session if you see a dip in the market... (dip like say 30 pips?)
Forex Signal (Thur July 22, 2010 8:30am EST NY Time) CA Core Retail Sales m/m - 07-21-2010, 08:36 PM
The Market (<<-- under Trade Plan)
Recent Employment Change from Canada showed a surprisingly 93.2K of new jobs created, this is surely going to add expectations for better release today. My bias is to SELL USD/CAD Note:You can take a pre-news trade sell USD/CAD during European session, but you have to close the trade before the 8:30am release, or close part of your order to cut down on risk exposure. (much more clear)
Forex Signal (Tue July 20, 2010 9:00am EST NY Time) CA BOC Overnight Rate Decision - 07-19-2010, 08:03 PM
The Market (<<-- under Trade Plan)
In my opinion we should see stronger CAD just before the rate decision tomorrow, as I am already shorting the USD/CAD from 1.0570 level looking to get out at 1.0500~1.0450 before the release. (clear but given when asia opened and europe reversed, so anyone getting in late might not have been able to catch it)
As for Weekly Trend:
Combined by the fact that EU will be releasing the results of the 91 banks stress test results. This would undoubtedly weigh on EUR this week as uncertainty usually spells "S-E-L-L" in Forexspeak.
Euro price when thread published was around start of asian session, euro was around 1.2900, by tuesday it was back over 1.3025, then the sell off did occur. When the thread was published and euro was at 1.2900, perhaps even exited with a stop...indeed when exit euro at 1.2750 on wednesday july 21st when the bank stress test still had not been released...why not wait for them to come out and the euro to go for 1.2450. Indeed soon euro was back up to 1.2950, and the big whipsaw ensued on friday...hard to say, I could see longs and short winning and loosing both.
Anyhow, keep up the good work, hope you can make things more clear.