Free Forex Signals for 02/16/2007
Hi there 
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I hope you are having a wonderful day today :)Â Let’s review what happened earlier today.
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We had a bunch of different reports coming out, as you remember. We started off with UK Retail Sales, which hit my trigger, and GBP/USD moved by over 100 pips. I hope you made some pips on that :) Unfortunately, I wasn’t able to make any pips on that, because the deviation was so high, that it hit Secret News Weapon and my forexdiamonds safety mechanism, and it gave a no trade. The safety on that particular report was at 2. Since the number was expected at 0.2%, and came out at -1.8%, the safety of a deviation of 2 or more got hit and we got no trade. The reason this safety exists is because we have several news contributors, and it has happened a couple of times when those news contributors made mistakes when they released numbers, and we got fake signals, so the safety was invented to avoid that. News services can release numbers in wrong format, they can also stick a yearly number instead of monthly number, or add extra zero, et cetera…remember, it’s humans who punch in numbers :) So we have this safety mechanism in place that when a deviation comes out so off base, we automatically get a no trade. A deviation of 2 on monthly retail sales out of UK is unheard of. I honestly believe that this was the biggest historical deviation from consensus ever. Though I think I could’ve set the safety at three and gotten away with it. But oh well…we’ll know next time.
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Then Canadian number didn’t hit our trigger. Empire Manufacturing out of US was conflicting too much with jobless claims, so it was a no trade either. TIC came out deviating quite a bit, but it again didn’t hit my trigger. We got trigger hit on US Industrial Production, and I and people in the room made about 15 pips total on that. The move was much smaller than I expected. I don’t think I’ll be trading this indicator next time. I suggest you watch live trading videos by going to this link. I am sure you’ll learn a lot http://www.forexdiamonds.com/performance.htm
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Rob Grespi from kingforexsignals.com had a fantastic day yesterday, making +178 pips total, which brought his performance up to +757 pips so far this month. He saw a bunch of short orders coming in on GBP/USD before the retail sales. It seems like some bank traders had inside info, so he took a short 1 minute before the news was announced, everybody in the room got perfect fills, and made a bunch. Rob Grespi is actually a real prick. He makes so many pips pretty much every single day. He rarely has losing days, let alone weeks. So every time I talk to him, and want to share with him a losing day, or a flat day, I can never relate to him, because he pretty much always makes something. That guy is totally off balance. He is like this insensitive heartless predator that just likes to make pips. He doesn’t realize that every time he makes money on a trade, someone else on the other end is losing, and he doesn’t seem to care… Anyway, you can go to this link to watch this prick’s live trading videos:
http://www.kingforexsignals.com/robtrades0207.htm
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Let’s talk about what’s going on tomorrow, Friday.
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1. Friday, February 16th, 2007 (8:30 am New York Time)
We have US PPI coming out, together with housing starts. The focus will probably be on US Core PPI number, which is expected to come out at 0.2%. If the number comes out at 0.8%, it would be bullish for the dollar short term, so I may possibly go short on GBP/USD.Â
If the number comes out at -0.4%, it would be bearish for the dollar short term, so I may possibly go long on GBP/USD. We also have housing starts and building permits coming out simultaneously. Housing starts are expected at around 1.61 million. If there is a conflict in housing starts, I may probably get out immediately. If there is no conflict, I may try to hold on for about 30 minutes and see what this trade brings.Â
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That’s all for tomorrow
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To Our Success!
-Felix Homogratus
1617 Broadway St., Suite 1001
New York, NY 10002
USA