Forex Trading systems, MT4 indicator and EA
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Forex News Trading Signal / Trigger - 1 July 08 |
Hi there my Forex friend 
Preview/Review on YouTube:
Hi-Quality Preview/Review:
7-1-2008R-P.swf
Long-term Outlook:
7-1-2008LTflwup.swf
Let's first review what happened earlier today.
Canadian GDP came out too close to expectations so it was a no trade. The market almost did not react.
Chicago PMI came out very close to expectations too.
Let's talk about Tuesday then.
1. Tuesday, July 1st, 2008 (12:30 a.m. New York Time) AUSTRALIA
At 12:30 a.m. we will have Australian Interest Rate statement. It is
expected they will hold the rates at 7.25% but there is a little chance
we will get a surprise here. If they hike the rates t 7.50%, it would
be a buy signal on AUD/USD, good for 75 to 100 pips or so. If they cut
the rates, I would sell AUD/USD and look for the same targets.
2a. Tuesday, July 1st, 2008 (2:00 a.m. New York Time) UK
At 2:00 a.m. we will have U.K. Nationwide House Prices m/m. It is expected to come out at -1 and I would use 0.5 trigger
here. Two months ago it deviated by -0.6 and we saw good 35 pips move
down (and eventually 55 pips) on GBP/USD but the other month we had
-2.0 trigger and GBP/USD by 25 pips or so. This might be a good scalping
opportunity. If it comes out at -1.5% or lower (more negative), I would
sell GBP/USD and look for 30 pips price action. If it comes out at
-0.5% or less negative (or positive), I would buy GBP/USD and look for
30 pips or so.
2b. Tuesday, July 1st, 2008 (2:00 a.m. New York Time) GERMANY, EURO ZONE
Also at 2:00 a.m. we will have German Retail Sales m/m. I would like to
trade with with around 1.2 trigger. If it comes out at 2.0% or higher,
you may buy EUR/USD and look for 30 pips move. If it comes out at -0.5%
or lower, I would sell EUR/USD and look for 30 pips move as well. Last
month with -2.3 deviation EUR/USD made 50 pips.
3. Tuesday, July 1st, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK Manufacturing PMI coming out. I would not trade it.
4. Tuesday, July 1st, 2008 (2:00 a.m. New York Time) USA
At 10:00 a.m. we will have U.S. Manufacturing Index coming out. It is expected to come out at 48.5, and I would use 1.2 trigger
here. If it comes out at 49.7 or higher, I would buy USD/JPY; if it
comes out at 47.5 or lower, I would sell USD/JPY, looking for 30 pips
or more in the first 30 minutes. Usually this indicator moves USD/JPY
very well but last month we had only 20 pips move.
5. Tuesday, July 1st, 2008 (9:30 p.m. New York Time) AUSTRALIA
At 9:30 p.m. we will have Australian Retail Sales coming out. This
might not be a killer trade because of the interest rate statement we
would have nearly a day earlier but it might be worthy to give a try.
It is expected to come out at 0.1%. If it comes out at 0.4% or higher,
I would buy AUD/USD and look for 30 to 40 pips move. If it comes out at
-0.2% or more negative, I would sell AUD/USD and look for 30 to 40 pips
move as well.
I also encourage you to watch a special video where Sir PIps is talking
about long term trading. The link is provided at the beginning of this
post.
That's all for Tuesday.
If you are interested more in trading news, go to Forex Diamonds - News Trading Education
where Sir Pips or Magister Pips are trading all of mentioned indicators
live. Join the room, and get a lot of education from me and other
traders that are there. They post trade plans and talk about the trades
as well as they give entry and exit signal live while the market moves.
You can try it with no risk for 21 days so if you don't like it it is
free. If you find it useful, then you can stick with us and make grow
you live account with us. I am pretty sure you will be satisfied but at
least give a try. Worst case scenario, you will learn something and get
all your money back.
Thank you and good luck with your trades.
To Our Success!
-Sir Pipsalot & Crazy Cat
The video with the signal is recorded by Sir Pipsalot.
For your convenience, this text is written based on the video by Crazy Cat
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will or is likely to achieve profits or losses similar to those
discussed on this ad/presentation. The past performance of any trading
system or methodology is not necessarily indicative of future results.
Trading foreign currencies is a challenging and potentially profitable
opportunity for educated and experienced investors. However, before
deciding to participate in the Forex market, you should carefully
consider your investment objectives, level of experience and risk
appetite. There is considerable exposure to risk in any foreign
exchange transaction. Any transaction involving currencies involves
risks including, but not limited to, the potential for changing
political and/or economic conditions that may substantially affect the
price or liquidity of a currency.
Moreover, the leveraged nature of FX trading means that any market
movement will have an equally proportional effect on your deposited
funds. This may work against you as well as for you. The possibility
exists that you could sustain a total loss of initial margin funds and
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by employing risk-reducing strategies such as 'stop-loss' or 'limit'
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reliability or accuracy of the information available on this
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believed to be accurate, however, there are no explicit or implicit
warranties of accuracy or timeliness made by me and/or my products.
Hypothetical or simulated performance results have certain limitations.
Unlike an actual performance record, simulated results do not represent
actual trading. Also, since the trades have not been executed, the
results may have under-or-over compensated for the impact, if any, of
certain market factors, such as lack of liquidity. Simulated trading
programs in general are also subject to the fact that they are designed
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shown.
© 2008 FOREX News Trader Indonesia News Trading FREE Forex Trading System Forex Strategy and Robot Expert Advisor EA at best Value Belajar Forex Panduan Forex
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