Forex Trading systems, MT4 indicator and EA
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Forex News Trading Signal / Trigger - 11 June 08 |
Hi my dear Trader 
If you wish to watch the video, just click on it, and then click on
"play" icon. My video version is MUCH MORE detailed so I encourage you
to watch it.
[media]http://www.youtube.com/watch?v=Er_RF1gbC04[/media]
[media]http://www.youtube.com/watch?v=E9kCxaiSw8o[/media]
Hi res: 6-11-2008review.swf
Hi res: 6-11-2008preview.swf
Let's review what happened earlier today.
Norway CPI came out slightly lower and we saw 400 pips move. It seems it was a hit&miss.
At 4:30 a.m. we had UK Industrial Production which came out 0.2 versus
0 expected, not enough to enter a trade. There was not any real move.
We did not have any significant moves on U.S. and Canadian trade balances.
There was a huge surprise on Canadian Interest rate statement. It was
expected they will cut the rates but they did not. USD/CAD moved about
80 pip the first minute and then another 40 pips in next 15 minutes.
Canadian dollar should still strengthen a bit more so it still might be
a good price to enter a short trade on USD/CAD or EUR/CAD.
We also had Japanese GDP, and the price moved by 10 to 15 pips so it was not tradable.
Let's talk about Wednesday.
1. Wednesday, June 11th, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK Claimant Count Change and Average Earnings
+Bonus. It seems that the Claimant Count Change might be more in focus.
Keep in mind that higher number is bad for the GBP. Last month with 7.2
deviation we had over 40 pips price action. If it comes out at 3K or
lower, I would buy GBP/USD and expect 40 pips price action. If it comes
out at 13K or higher, I would sell GBP/USD and expect 40 pips move as
well. Watch the video for more details.
2. Wednesday, June 11th, 2008 (2:00 p.m. New York Time) USA
At 2:00 p.m. we will have Monthly Budget. I don't have any specific
suggestions how to trade it. If you are new in Forex, definitely skip
this report.
3. Wednesday, June 11th, 2008 (9:30 p.m. New York Time) AUSTRALIA
At 9:30 p.m. we will have Australian Employment Change. It is expected
to come out at 13.5K. If it comes out at 0 or negative, I would sell
AUD/USD and expect 30 to 40 pips move. If it comes out at 25K or
higher, I would buy AUD/USD and expect 40 pips move as well. Watch out
for unemployment change. 0.2 deviation on the unemployment is good
enough to change the direction.
One more thing: Sir Pips is taking vacation soon so we will not have
videos for next 2 weeks or so. We will still send signals in the text
format.
That's all for now.
If you are interested more in trading news, go to Forex Diamonds - News Trading Education
as I am trading there all of mentioned indicators live. Join the room,
and get a lot of education from me and other traders that are there. I
post trade plans and talk about the trades as well as 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.
Thank you and good luck with your trades.
To Our Success!
-Sir Pipsalot
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Trading foreign currencies is a challenging and potentially profitable
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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
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Moreover, the leveraged nature of FX trading means that any market
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Unlike an actual performance record, simulated results do not represent
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