Forex Trading systems, MT4 indicator and EA
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Forex News Trading Signal / Trigger - 30 June 08 |
Hi there my friend 
In case you missed Friday's email, Sir Pips is back so the signal is written based on his videos.
Preview/Review on YouTube:
Hi-Quality Preview/Review:
6-30-2008R-P.swf
Long-term Outlook:
6-30-2008outlookflwup.swf
Let's first review what happened on Friday.
At 4:30 a.m. we had UK GDP coming out. The q/q number came out lower by
0.1 than expected, and the y/y came out lower by 0.2 than expected.
However, there was a big conflict with Current Account which came out
-8.4 versus -12.1 expected. GBP/USD spiked down by 30 pips and retraced
within 20 seconds or so, and then it went the other way.
At 8:30 a.m. we had a few U.S. reports. U.S. Personal Income came out
much higher than expected, Personal Spending a little higher than
expected and Core PCE lower than expected. USD/JPY went up 20 pips at
most, and then retraced by 100%.
Let's talk about Monday.
1. Monday, June 30th, 2008 (8:30 a.m. New York Time) CANADA
At 8:30 a.m. we will have Canadian GDP which is expected to come out at
0.3%. I usually recommend trading 0.3 deviation but 0.2 deviation from
last month cause a great move of 60 pips on USD/CAD. If it comes out at
0.1% or lower, I would buy USD/CAD and expect 40 pips move. If it comes
out at 0.5% or higher, I would sell USD/CAD and expect 40 pips move as
well.
2. Monday, June 30th, 2008 (9:42 a.m. New York Time) USA
At 9:45 a.m. we will have Chicago PMI; however, some traders can get
that number at 9:42 a.m. If you are not able to get it at 9:42, I would
not trade it. If you are able to get that number at 9.42 a.m., I would
buy USD/JPY if it comes out at 52.0; if it comes out at 44.0 or lower,
I would sell USD/JPY - in either case I would look for 30 pips move.
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 Monday.
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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DISCLAIMER AND RISK WARNING
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
carefully consider your investment objectives, level of experience, and risk
appetite. The possibility exists that you could sustain a loss of some or all of
your initial investment and therefore you should not invest money that you
cannot afford to lose. You should be aware of all the risks associated with
foreign exchange trading, and seek advice from an independent financial advisor
if you have any doubts
Forex trading has large potential rewards, but also large potential
risk. You must be aware of the risks and be willing to accept them in
order to invest in the forex market. Don't trade with money you can't
afford to lose. This ad/presentation is neither a solicitation nor an
offer to trade forex. No representation is being made that any account
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
resulting losses. Investors are recommended to lower exposure to risk
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.
© 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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