Hi there ![]()
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I am really sorry for sending you this signal so late. I was away from my house all day, and simply couldn’t physically do it sooner than now.
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To review yesterday, it was a relatively good day. We had a couple of no trades on the interest rate statements, and I personally made some good pips on the Trichet speech. You can watch the detailed live trading videos by going to this link: http://forexdiamonds.com/performance.htm
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Rob Grespi from kingforexsignals.com did okay also. He made 31 pips, that brought his performance for February so far to +281 pips total. You can go and watch his live trading videos here:
http://www.kingforexsignals.com/robtrades0207.htm
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Let’s now talk about what’s going on today.
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1. Friday, February 9th, 2007 (4:30 am New York Time) UK
We have UK trade balance coming out. We have three different numbers, but the most important one by far is the visible trade balance that’s expected to come out at -6,900 million. If this number comes out at -6,100 or less negative, you may possibly wait for the initial spike to happen, and go long on GBP/USD, and expect about 40 to 50 pips total move from pre-release price. If the number comes out at -7,700 or more negative, you may do a similar trade, but short GBP/USD instead.
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2. Friday, February 9th, 2007 (7:00 am New York Time) CANADA
Then we have Canadian employment numbers coming out. It’s expected that Canadian employment grew by 14K in the month of January. If the reading reads 40K or more, you can possibly wait for initial spike, then see retracement, and go short on USD/CAD. If the reading reads -15K or more negative, you can possibly wait for initial spike, see retracement, and go long on USD/CAD. I would expect a move of around 50 pips either direction, assuming that my triggers are hit… Remember, there is also unemployment rate that’s coming out, and is expected at 6.1%. If there is a conflict by 0.2% or more on unemployment rate, I would suggest staying out of this trade.
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That’s all for today ![]()
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To Our Success!
-Felix Homogratus
1617 Broadway St., Suite 1001
New York, NY 10002
USA
