Forex Trading systems, MT4 indicator and EA
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Forex News Trading Signal / Trigger - 16 June 08 |
Hi there my friend 
Let's first review what happened on Friday.
On Friday we had U.S. CPI coming out. We have been focused on the CPI
Core which did not deviate at all. The CPI headline came out 0.1 higher
but nevertheless, it was a no trade. A no trade signal was a good
signal as the market did not care too much about the headline number.
At 9:55 a.m. we had Michigan Sentiment which came out lower but not low
enough to enter a speculative trade. Another no trade here, and again
the market did not move greatly either.
Let's talk about Monday.
1. Monday, June 16th, 2008 (5:00 a.m. New York Time) EUROZONE
At 5:00 a.m. we are going to have CPI out of Eurozone. I would skip
this. Euro may or may not move so you may or may not make some money 
2. Monday, June 16th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m. we are going to have U.S. Empire State Business Conditions
Index which is expected to come out at -1.5. If it comes out at -11.5
or more negative, I would sell USD/JPY and look for 30 to 40 pips price
action. If it comes out at +8.5 or higher, I would buy USD/JPY and
expect 30 to 40 pips move as well.
3. Monday, June 16th, 2008 (9:00 a.m. New York Time) USA
At 9:00 a.m we are going to have U.S. TIC report. Well, the problem
with this report is sometiems it moves greatly with smaller deviations,
and sometimes it does not move at all with greater deviations. Also,
sometimes deviations itself can be totally crazy. You might want to try
to scalp a few pips if the actual number comes out negative but this
might be just overtrading. In general, it is better to skip a few
reports even if they move, than wake up, take a trade and lose money.
4. Monday, June 16th, 2008 (10:00 a.m. New York Time) USA
At 10:00 a.m. Bernanke will be speaking. This is not for beginners at
all so please skip it. If you have any open trades, keep in mind that
there might be some price action happening around 10 a.m.
This is pretty much all for Monday. Not much happening at all.
Thank you and good luck with your trades.
To Our Success!
-Crazy Cat
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Trading foreign exchange on margin carries a high level of risk, and may not be
suitable for all investors. The high degree of leverage can work against you as
well as for you. Before deciding to invest in foreign exchange you should
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your initial investment and therefore you should not invest money that you
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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
your position will be liquidated and you will be responsible for any
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by employing risk-reducing strategies such as 'stop-loss' or 'limit'
orders. Me and my products will not be held responsible for the
reliability or accuracy of the information available on this
ad/presentation. The content provided is put forward in good faith and
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
with the benefit of hindsight. No representation is being made that any
account will or is likely to achieve profit or losses similar to those
shown.
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