Hi there 
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Sorry for sending you this signal kind of late. Today was a very slow day in terms of trading. Let’s quickly review what happened.
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We had only one news announcement we were watching, and that was Australian interest rate decision. Well…they kept their rate unchanged, so it was a no trade. Please go here to watch live trading video of that report: http://forexdiamonds.com/performance.htm
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Rob Grespi from kingforexsignals.com started off really good in the London session, with four profitable trades in a row that yielded +48 pips, but during New York session, he took 3 losing trades, and gave up -30 pips, so ended the day with +18 pips total, which is very low for him. That brought his performance for February to +298 pips total. To see his live trading videos, please go to this link:
http://www.kingforexsignals.com/robtrades0207.htm
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Tomorrow, we have a relatively interesting trading day. I decided to adjust the way I send these signals. Before I was giving you a lot of my own trading triggers, but they are only applicable to people that either have forexdiamonds.com membership or secretnewsweapon.com membership. Without those tools, it would be nearly impossible to get in before the spikes on some of my triggers. So what I am going to do is give you much more conservative triggers, that I feel in case they get hit, you would be able to still make some pips by getting on a retracement, and holding the position for much longer. So let’s talk about tomorrow.
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1. Wednesday, February 7th, 2007 (4:30 am New York Time) UK
We have Industrial Production coming out of the UK. After a big jump on this reading last month, they are expecting this reading to be quite low, at 0.1%. If the reading comes out at 0.6% or higher, you can possibly go long on GBP/USD. If the reading comes out at -0.4% or more negative, you can possibly go short on GBP/USD. Such deviation would probably cause a move of 50 pips or more, and the price can continue moving for as long as 1 hour. So if such deviation occurs, and you are using a free news service on your broker, that will give you the news several seconds late, you can just skip the initial spike, wait for a retracement of 30 to 50%, re-enter into the trade, and shoot for about 50 pips target above or below the pre-release price.Â
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2. Wednesday, February 7th, 2007 (8:30 am New York Time) USA
We have US nonfarm productivity and unit labor cost coming out. Expect some small volatility during this time, but these reports are not that important, so I won’t be trading them. In November, we saw a huge negative surprise in nonfarm productivity, and the pound just spiked by about 14 pips or so. These are just not the kind of moves I am looking for.
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3. Wednesday, February 7th, 2007 (4:45 pm New York Time) NEW ZEALAND
Then we have New Zealand unemployment rate coming out. It’s expected to come out at 3.8%. If it comes out at 3.5% or lower, it would be historical low, so you can possibly go long on NZD/USD. If the unemployment comes out at 4.1% or higher, it would be the highest reading since June of 2004, and you can possibly go short on NZD/USD. I would expect a move of at least 50 pips on NZD/USD if such reading occurs. And same as I said before, even if you have a free news service that’s available on most brokers, and you get the news few seconds late, you can still enter in this trade, and hold on to a position for as long as 30 minutes to an hour.
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4. Wednesday, February 7th, 2007 (7:30 pm New York Time) AUSTRALIA
Then we have Australian employment figures coming out for the month of January. It’s expected that it will come out at around 3K or so. If the number comes out at 50K or higher, it would be a very healthy employment reading, and you can possibly go long on AUD/USD. A reading of -35K or less would be the lowest reading since September of 2005, and you can possibly go short on AUD/USD. If my triggers are hit, I would expect a move of around 50 pips on AUD/USD, and the pair will probably move for as long as 30 minutes to an hour. So even if you miss the initial spike, because your news service is too slow, you can try to get in a bit late, and still come out in profit. There is also unemployment figure that’s coming out simultaneously. That’s expected at 4.6%. Same as it’s been coming out for the last 3 months. If that number conflicts by 0.1%, take advantage of a better price because of conflict. If the number conflicts by 0.2% or more, I would stay out of the trade altogether.
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That’s all for tomorrow. Remember, tomorrow, Wednesday at 11:00 pm New York Time, I will be taking few more people for Rob Grespi’s signals at a very special price. If you wanted to get in, make sure you are on the waiting list, and check your email for a sign-up link at 11:00 pm New York Time sharp. You can join the waiting list by going to this link: http://www.kingforexsignals.com/signup.htm
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To Our Success!
-Felix Homogratus
1617 Broadway St., Suite 1001
New York, NY 10002
USA
