DAILY TECHNICAL TRADING SIGNALS/OUTLOOK.
LAST WEEK'S TRADING SUMMARY.
01-12-2008 -- NO PENDING ORDER WAS TRIGGERED OR ENTERED(NO TRADE).
02-12-2008 -- 1ST ENTRY PRICE WAS HIT 18PIPS PROFIT,2ND ENTRY PRICE WAS HIT 18PIPS PROFIT.
03-12-2008 -- 1ST ENTRY PRICE WAS HIT 18PIPS PROFIT.
04-12-2008 -- 1ST ENTRY PRICE WAS HIT 18PIPS PROFIT, 2ND ENTRY PRICE WAS HIT 18PIPS, 3RD ENTRY PRICE WAS HIT 18PIPS PROFIT, 4TH ENTRY PRICE WAS HIT 10PIPS PROFIT.
05-12-2008 -- 1ST ENTRY PRICE WAS HIT 18PIPS PROFIT.
TOTAL PIPS FOR THE WEEK -- 136PIPS PROFIT....
QUICK RECAP OF YESTERDAY'S TRADING SIGNALS.
The EUR/USD SELL STOP order was filled @ 1.281 and did hit our take profit @ 1.28(18pips) between the hours of 07:00am -- 09:00am.
TODAY'S TRADING SIGNAL(S).
CURRENCY PAIR: EUR/USD
POSITION: 1ST ENTRY ORDER -- SELL STOP @ 1.2892
TAKE PROFIT: 1.2874
STOP LOSS: 1.2922
COMMENTS: 10-12-2008.
CURRENCY PAIR: EUR/USD
POSITION: 1ST ENTRY ORDER -- BUY STOP @ 1.3032
TAKE PROFIT: 1.3050
STOP LOSS: 1.3002
COMMENTS: 10-12-2008.
CURRENCY PAIR: EUR/USD
POSITION: 1ST ENTRY ORDER -- SELL STOP @ 1.2799
TAKE PROFIT: 1.2781
STOP LOSS: 1.2829
COMMENTS: 10-12-2008.
Please stay tuned and be sure to log into this website and check at least every hour or 5times daily for our latest updates on our trading signals/strategies . Our signals will mainly cover currency pairs like GBP/USD, EUR/USD, USD/CHF, AUD/USD and USD/JPY.
FOREX ECONOMIC NEWS REPORT CALENDER
NOW LETS LOOK INTO OUR NEWS TRADING SCHEDULE FOR THIS WEEK.
DEC 8 -- UK PPI INPUT m/m -- 10:30am.
DEC 8 -- CAD HOUSING STARTS m/m -- 02:15pm.
DEC 9 -- UK MANUFACTURING PRODUCTION m/m -- 10:30am.
DEC 9 -- EUR GERMAN ZEW ECONOMIC SENTIMENT -- 11:00am.
DEC 9 -- CAD BANK OK CANADA(B.O.C) OVERNIGHT RATE STATEMENT(INTEREST RATE STATEMENT) m/m -- 03:00pm.
DEC 9 -- US PENDING HOME SALES m/m -- 04:00pm.
DEC 11 -- AUD EMPLOYMENT CHANGE -- 01:30am.
DEC 11 -- CHF LIBOR RATE -- 09:30am.
DEC 11 -- CAD TRADE BALANCE -- 02:30pm.
DEC 11 -- US TRADE BALANCE -- 02:30pm.
DEC 11 -- US UNEMPLOYEMENT CLAIMS -- 02:30pm.
DEC 11 -- NZD CORE RETAIL SALES m/m -- 10:45pm.
DEC 12 -- US CORE RETAIL SALES m/m -- 02:30pm.
DEC 12 -- PPI m/m -- 02:30pm.
DEC 12 -- US PRELIM UoM CONSUMER SENTIMENT -- 03:55pm.
LAST WEEKS NEWS TRADING RECAP/SUMMARY.
Lets quickly look at some of the news announcements for last week that hit our safe trigger or the ones we were able to profit from.
1.The .................................., they decided to hold rates steady here @ 7.25% so it was a no trade for us too, although i earlier recommended scalping a few pips if the rate was held unchanged, and we got about 20pips on the bearish candle.
2. The .............................. did hit our safe and we had a bearish movement of about 35pips on the GBP/USD.
3. The ....................... also hit our safe trigger and we had a bullish movement of about 45pips on the USD/JPY.
4. The ....................... also hit our safe trigger and we had a bullish movements of about 30pips on the AUD/USD.
5. The ....................... also hit our safe trigger and we had a bearish movement of about 25pips on the USD/JPY.
6. The .................... also hit our safe trigger and we had a bearish movement of about 30pips on the GBP/USD.
7. The ............................ also hit our safe trigger and we had a bearish movement of about 30pips on the USD/JPY.
8. The ................. also hit our safe trigger and we had a bearish movement of about 15pips on the USD/CAD.
Giving us a total of about ......... for last week, not bad uh, lets all hope for the best this week, but in the main time GOODLUCK & HAPPY TRADING.
DAILY FUNDAMENTAL TRADING SIGNALS/OUTLOOK.
Lets briefly look at what happened yesterday.1........................ did hit our safe trigger and we had a bearish movement of about 20pips on the GBP/USD.
2. ................ m/m also hit our safe trigger and we had a bearish movement of about 10pips on the USD/CAD.
Now lets look at what we have for today.
1. NEWS: ..................................
CURRENCY PAIR/S, DATE & TIME: USD/JPY, GBP/USD, USD/CHF & EUR/USD. --........--03:00pm.
DEVIATION & TRIGGER: A 2.0 deviation or more should be enough to trigger a safe trade entry.
COMMENTS: If the actual is 0.4% or higher/more positive, buy USD/JPY, USD/CHF and sell GBP/USD & EUR/USD and look for 15-30pips, but if the actual is -4.4% or more negetive, sell USD/JPY, USD/CHF and buy GBP/USD & EUR/USD and look for the same price movement, please apply serious caution when scalping this news because of retracements.
TRADING STRATEGY: If you are straddling the news, please place your pending orders 3mins and 1min before the news as earlier discussed, just scalp it within the first 1-3mins on the 1min candle and exit or face the risk of "RETRACEMENT".
Make sure you log into this site every morning 06:00am GMT and 15mins before the news is released to get our latest updates on our News Trading Signals/Strategies.
That will be all for today. Please feel free to visit our Members/Forum Area, where you can post a topic and drop a comment for everyone and make new forex patners/friends.