Signals Review (Nov. 16 to Nov. 20) no trades

Felix Homogratus

Commander in Chief
Messages
153
Hi there :)

This is Felix, with the review of the week.

This week, we were watching 5 economic indicators. None of them hit the triggers that I sent to you, but I would still like to bring your attention to one particular report.

1. Thu, Nov 19, 4:30 am (UK Retail Sales)

We had retail sales for both y/y (year over year) and m/m (month over month) coming out. I told you that we will focus on m/m (month over month) report, with a trigger at 0.5%.

Interestingly enough, y/y came out at 3.4% versus 2.9%, and m/m came out at 0.4% versus 0.5%. An unaware person could've bought GBP/USD, because the y/y came out seemingly much better, but the reason for such difference was a very positive revision of previous m/m retail sales report.

So it's just another example of how important it is to focus on the right number... Here is the chart of what happened...as you can see the price action was quite ugly... Forex news trading currency exchange charts

In any case, I hope you make some money with the signals this week...
-Felix
 
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