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

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Nov 22, 2009.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

    Oct 1, 2007
    Likes Received:
    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...
    #1 Felix Homogratus, Nov 22, 2009
    Lasted edited by : Sep 8, 2016

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