We've got tons of untradable news today, although they do have the
potential of moving the market, but without a decent track record to
predict market reaction, it is best to stay out of the market
during the release times.
1. Tuesday November 24, 2009 (8:30am NY Time) US
Prelim GDP q/q Forecast 2.9% Previous 3.5%
We are looking for a 0.3% deviation on the expected 2.9%. Therefore
if we get a 3.2% on the Prelim 3rd quarter GDP, it would be
somewhat US Dollar positive and we will BUY USD/JPY. However, if
we get a 2.6% release or worse, then we would be SELLING USD/JPY or
USD/CHF.
Since this is the 2nd release, we do not expect much reaction and/or
deviation... most of the time market has already priced in the move
way before the release time.
Tuesday, November 24, 2009
FOREX TIPS.
8:30am US Prelim GDP q/q 2.9%(E) 3.5%(P) 0.3%(S) 50M
...and some untradable news releases
4:00am EU German Ifo Business Climate
4:45am UK Inflation Report Hearings
10:00am US CB Consumer Confidence
10:30am UK BOE Gov. King Speaks
2:00pm US FOMC Meeting Minutes
E = Expected
P = Previous
S = Surprise Factor
M = Expected Movement in Pips if surprise factor is reached
In the meantime, I would recommend that you try our trade room for
one session for Free. Our flahship proprietary Fibonacci GRID will
help you take advantage of the market in any condition, with or
without news! GOOD LUCK
...and some untradable news releases
4:00am EU German Ifo Business Climate
4:45am UK Inflation Report Hearings
10:00am US CB Consumer Confidence
10:30am UK BOE Gov. King Speaks
2:00pm US FOMC Meeting Minutes
E = Expected
P = Previous
S = Surprise Factor
M = Expected Movement in Pips if surprise factor is reached
In the meantime, I would recommend that you try our trade room for
one session for Free. Our flahship proprietary Fibonacci GRID will
help you take advantage of the market in any condition, with or
without news! GOOD LUCK
Monday, November 23, 2009
MAKE YOUR MONEY, NOW ! ! !
| EUR/USD | |||||||||||||
November 23, 2009 Current level-1.4975 EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4793 and 1.3523. Last week's test of 1.4796 support failed and this time a bottom has been confirmed at 1.4801, that should start the expected upmove for new highs beyond 1.5063. Intraday bias is positive for a break through 1.4990, en route to 1.5063 with an initial support at 1.4947. | |||||||||||||
| resistance | support | ||||||||||||
|
| ||||||||||||
USD/JPY
Since we get the unemployment claims release on a weekly basis,
market tends to ignore this release unless its the NFP week,
therefore we will not be trading it today and concentrate only on
the UK Retail Saels.
1. Monday November 23, 2009 (8:30am NY Time) CA
CA Core Retail Sales Forecast 0.4% Previous 0.5%
My focus will be on Retail Sales Core, which is a measurement of
the activities at the retail level of the nation, excluding
volatile Automobile Sales Components, which makes up about 25% of
Retail Sales headline number. A higher Retail sales number means
better economy, thus better for its currency.
My surprise factor will be 0.6% on the Headline number. If our
surprise factor is hit, we can expect the market to move 50 pips
within the hour, with a historical accuracy of 82%.
2. Monday November 23, 2009 (8:30am NY Time) US
US Existing Home Sales Forecast 5.71M Previous 5.57M
Our focus will be on the Existing Home Sales numbers, which
measures the amount of existing home sold during the months. A
higher number means better economy, since home purchases usually
brings more sales in the retail sector, service sector, and even in
the finance sector.
Our surprise factor will be 0.40 Million or 400K. If the number
comes out higher, we'll BUY USD/JPY. If the number comes out
lower we'll SELL USD/JPY.
Historically, if our S. Factor is hit, there is a 70% of chance the
market will move at least 35~40 pips within the hour.
FOREX SECRET FACTORS. . .
As you know, I host a live webinar everyday from Monday to Thursday
and I'd like to invite you to join one of my webinars if you haven't
already attended one. During the Live webinar I'll show you the
same tool that I use to trade during my years as an Interbank
trader, and at the same time share my market experience with you.
Many people who attended my seminars tell me that they learned a
great deal, and I have to admit that I am very happy to hear that.
If you just pick up one thing that I said during my webinar and
put it to use, it can either save you from making costly mistakes or
make you understand the market better and take advantage of that.
Because of the overwhelming number of requests that we have been
getting for the Live Webinar, we are asking all that requested
for access to be on-time; if for any reason you can't make it,
please let us know ahead of time so that we can give your seats to
someone else.
In addition to being on time, please also review our 37-step
tutorial, Past Webinars, and Online Brochures, it will help you to
get the most out of our webinars, since you will already be
familiarized of the terms that we use.
Sincerely,
market tends to ignore this release unless its the NFP week,
therefore we will not be trading it today and concentrate only on
the UK Retail Saels.
1. Monday November 23, 2009 (8:30am NY Time) CA
CA Core Retail Sales Forecast 0.4% Previous 0.5%
My focus will be on Retail Sales Core, which is a measurement of
the activities at the retail level of the nation, excluding
volatile Automobile Sales Components, which makes up about 25% of
Retail Sales headline number. A higher Retail sales number means
better economy, thus better for its currency.
My surprise factor will be 0.6% on the Headline number. If our
surprise factor is hit, we can expect the market to move 50 pips
within the hour, with a historical accuracy of 82%.
2. Monday November 23, 2009 (8:30am NY Time) US
US Existing Home Sales Forecast 5.71M Previous 5.57M
Our focus will be on the Existing Home Sales numbers, which
measures the amount of existing home sold during the months. A
higher number means better economy, since home purchases usually
brings more sales in the retail sector, service sector, and even in
the finance sector.
Our surprise factor will be 0.40 Million or 400K. If the number
comes out higher, we'll BUY USD/JPY. If the number comes out
lower we'll SELL USD/JPY.
Historically, if our S. Factor is hit, there is a 70% of chance the
market will move at least 35~40 pips within the hour.
FOREX SECRET FACTORS. . .
As you know, I host a live webinar everyday from Monday to Thursday
and I'd like to invite you to join one of my webinars if you haven't
already attended one. During the Live webinar I'll show you the
same tool that I use to trade during my years as an Interbank
trader, and at the same time share my market experience with you.
Many people who attended my seminars tell me that they learned a
great deal, and I have to admit that I am very happy to hear that.
If you just pick up one thing that I said during my webinar and
put it to use, it can either save you from making costly mistakes or
make you understand the market better and take advantage of that.
Because of the overwhelming number of requests that we have been
getting for the Live Webinar, we are asking all that requested
for access to be on-time; if for any reason you can't make it,
please let us know ahead of time so that we can give your seats to
someone else.
In addition to being on time, please also review our 37-step
tutorial, Past Webinars, and Online Brochures, it will help you to
get the most out of our webinars, since you will already be
familiarized of the terms that we use.
Sincerely,
8:30am CA Core Retail Sales 0.4%(E) 0.5%(P) 0.6%(S) 40M
10:00am US Existing Home 5.71M(E) 5.57M(P) 400K(S) 50M
E = Expected
P = Previous
S = Surprise Factor
M = Expected Movement in Pips if surprise factor is reached
In the meantime, I would recommend that you try our trade room for
one session for Free. Our flahship proprietary Fibonacci GRID will
help you take advantage of the market in any condition, with or
without news!
10:00am US Existing Home 5.71M(E) 5.57M(P) 400K(S) 50M
E = Expected
P = Previous
S = Surprise Factor
M = Expected Movement in Pips if surprise factor is reached
In the meantime, I would recommend that you try our trade room for
one session for Free. Our flahship proprietary Fibonacci GRID will
help you take advantage of the market in any condition, with or
without news!
Saturday, November 21, 2009
info about trading
As you know, I host a live webinar everyday from Monday to Thursday
and I'd like to invite you to join one of my webinars if you haven't
already attended one. During the Live webinar I'll show you the
same tool that I use to trade during my years as an Interbank
trader, and at the same time share my market experience with you.
Many people who attended my seminars tell me that they learned a
great deal, and I have to admit that I am very happy to hear that.
If you just pick up one thing that I said during my webinar and
put it to use, it can either save you from making costly mistakes or
make you understand the market better and take advantage of that.
Because of the overwhelming number of requests that we have been
getting for the Live Webinar, we are asking all that requested
for access to be on-time; if for any reason you can't make it,
please let us know ahead of time so that we can give your seats to
someone else.
In addition to being on time, please also review our 37-step
tutorial, Past Webinars, and Online Brochures, it will help you to
get the most out of our webinars, since you will already be
familiarized of the terms that we use. Please click on the link
below to access our Video Library.
and I'd like to invite you to join one of my webinars if you haven't
already attended one. During the Live webinar I'll show you the
same tool that I use to trade during my years as an Interbank
trader, and at the same time share my market experience with you.
Many people who attended my seminars tell me that they learned a
great deal, and I have to admit that I am very happy to hear that.
If you just pick up one thing that I said during my webinar and
put it to use, it can either save you from making costly mistakes or
make you understand the market better and take advantage of that.
Because of the overwhelming number of requests that we have been
getting for the Live Webinar, we are asking all that requested
for access to be on-time; if for any reason you can't make it,
please let us know ahead of time so that we can give your seats to
someone else.
In addition to being on time, please also review our 37-step
tutorial, Past Webinars, and Online Brochures, it will help you to
get the most out of our webinars, since you will already be
familiarized of the terms that we use. Please click on the link
below to access our Video Library.
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