spacer.png, 0 kB




Lost your Password?
No account yet? Register
Show Cart
Your Cart is currently empty.

Forex Basic



Locations of visitors to this page

Polls

Is this site usefull ?
 

spacer.png, 0 kB
spacer.png, 0 kB
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:


YouTube - Forex News Day Trading Signal - 06/30/08
2You need to upgrade your Flash Player2

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

 

Comments
Add NewSearchRSS
Write comment
Name:
Title:
UBBCode:
[b] [i] [u] [url] [quote] [code] [img] 
 
Security Image

Powered by JoomlaCommentCopyright (C) 2006 Frantisek Hliva. All rights reserved.Homepage: http://cavo.co.nr/


 

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.

 

Supported Payment



 

spacer.png, 0 kB
spacer.png, 0 kB
spacer.png, 0 kB
spacer.png, 0 kB