Archive for February, 2007

Free Forex Signals for 02/15/2007

Thursday, February 15th, 2007

Hi there :)
 
Happy Valentine’s day!  It was a very nice trading day today.  Let’s first review what happened.
 
We had the US retail sales came out, which pretty much came out as expected, and didn’t hit the trigger, so it was a no trade.  Then we had Bernanke speech come out.  He didn’t say anything specific about interest rates, however, he did emphasize moderating inflation, which was very dovish.  The price jumped around between 1.9585 and 1.9595 for around a minute after the speech.  I told everyone to go long at 1.9590, when the price was at 95, and unfortunately, the price never quite went down by 5 pips to hit the entry.  It just went up by around 50 pips, and unfortunately I personally missed the train.  There were some people in the room that got in, and made some good pips, but I definitely can’t take credit for it :)  Then we had New Zealand retail sales that came out exactly as expected on the monthly number, but came out significantly higher on the core quarterly number.  We had no trade according to the trigger, but I gave a long about a minute after the news was released.  Unfortunately that report didn’t move New Zealand dollar at all, and we ended up being stopped out for -15 pips loss on one unit.  Japan GDP more than made up for that loss.  We had a very nice trade on USD/JPY.  I personally made +37 pips one one unit, and +41 pips on another unit, but a total profit of +78 pips.  Some people made as much as +120 pips and more.  It was definitely a blockbuster trade.  Please go to this link to watch the live trading videos of all of yesterday’s trades: http://www.forexdiamonds.com/performance.htm
 
Rob Grespi from kingforexsignals.com made a few pips today, +33 pips to be exact.  He took quite a few trades, so it the results weren’t as great as he normally does.  But still, taking into consideration today, his performance for February is up to +579 pips total so far.  I suggest watching his live trading videos by going to this link:  http://www.kingforexsignals.com/robtrades0207.htm
 
Okay enough reviewing, let’s talk about what’s going on tomorrow.
 
1.  Thursday, February 15th, 2007 (4:30 am New York Time) UK
We have UK retail sales coming out.  After a big jump in Retail Sales for December, it’s expected that the retail sales in January will only show moderate growth…just enough to meet inflation.  So it’s expected that the number will come out at 0.2%, though there are more economists that are expecting a lower number, rather than higher.  If you want a very nice and steady sustainable move, then you can possibly go long on GBP/USD if the number comes out at 0.6% or higher, or go short on GBP/USD if the number comes out at -0.2% or lower.  Unless you have Secret News Weapon or the forexdiamonds.com membership, you probably won’t be able to catch the initial spike, but that’s not the end of the world.  Just wait for about 50% of retracement after the spike, and enter then, and watch carefully whether the initial spike level is broken or tested.  If tested several times, take profits there, if broken, you can try to hold to your position for about 30 minutes and see what it brings you.
 
2.  Thursday, February 15th, 2007 (8:30 am New York Time) CANADA
We have Canadian manufacturing shipments coming up, which is expected to come out at 0.7%.  If the number comes out at 2.3% or higher, it would match the previous high number, and would prove very strong growth two months in a row, so you can possibly go short on EUR/CAD.  If the number comes out at -1.5% or more negative, it would mean that in December manufacturing shipments have lost significant ground which it gained in November, and you can possibly go long on EUR/CAD.  Anything in between would be a no trade.  If the triggers are hit, I am expecting a move in EUR/CAD of at least 40 to 60 pips. 
 
3.  Thursday, February 15th, 2007 (8:30 am New York Time) USA
We have US Empire Manufacturing coming out, which is expected to come out at around 10.5.  If the reading is 25 or above, it would be the highest reading since June of 2007, and you can possibly go short on GBP/USD.  If the reading is -5 or below, it would the first negative reading in a while, and you can possibly go long on GBP/USD.  You can try trading this report simultaneously with the Canadian one, and if both report compliment each other, you can even trade USD/CAD to get a more powerful trade.  If the triggers are hit on Empire manufacturing, you can expect a move of 30 to 50 pips, but you may have to give it 5 to 10 minutes to fully unfold.
 
4.  Thursday, February 15th, 2007 (9:00 am New York Time) USA
Then we have TIC report coming of the US.  Expectations are at +60 billion.  Remember…this report lost most of its respect in the last year.  It used to move with deviations of as little as 10, but now you gotta go much bigger, and still it’s risky.  So if you want to be relatively safe, you can possibly go short on GBP/USD if the number comes out at 120B or more, and expect a spike of 30 pips or more.  Or if the number comes out at 10 billion or less, you can possibly go long on GBP/USD and expect a spike of 30 pips or more.
 
5.  Thursday, February 15th, 2007 (9:15 am New York Time) USA
Then we have Industrial Production coming out of the US.  It’s expected to come out flat at 0.0%.  If the reading is at 0.4% or higher, it would match the highest reading since June of 2006, and you can possibly go short on GBP/USD, and expect a move of over 30 pips.  Or if the reading is at -0.4% or more negative, it would be the lowest reading since September of 2005, and you can possibly go long on GBP/USD, and also expect a move of 30 pips or more.
 
6.  Thursday, February 15th, 2007 (10:00 am New York Time) USA
Ben Bernanke will be speaking again and taking questions.  I would suggest staying out of the markets, because you may see nasty whipsaw action by 30 or 40 pips up and down on GBP/USD.  I doubt that he will say much more than he said today already.  So just heads up on market volatility, I won’t be trading it personally.
 
7.  Thursday, February 15th, 2007 (12:00 pm New York Time) USA
Then we have Philadelphia Fed Index coming out, which is expected somewhere between 4 and 5.  This report gave only one signal in September, in the last 2 years.  It did create a 50 pips move in GBP/USD, but mostly it was just the timing of the report.  EUR/USD couldn’t break a high for a while, and this report was a catalyst which helped it do it, so it triggered massive stop/losses, and exaggerated the move across the board against the dollar.  So bottom line is this is a very low possibility trade.  As I said, the report is expected to come out at around 4 to 5.  If it reads 20 or higher, it would be the highest reading since April of 2005, and you can possibly go short on GBP/USD.  If the reading is -10 or more negative, it would be the lowest reading since December of 2001, so you can possibly go long on GBP/USD.  If my triggers are hit, we may see a move of 30 to 50 pips on GBP/USD.  I personally won’t be trading this report, because I will need to catch up on some sleep from trading the 6 reports prior to that.  Plus, even in in the unlikely event that my triggers are hit, the move won’t be anything that’s worth crying over in case I miss it. 
 
That’s all I have to say about that.  If you wanted to get into my forexdiamonds.com room at a scholarship special price, please make sure you are on the waiting list, which can be joined here:
http://www.forexdiamonds.com/join.htm, and wait for an email tomorrow, Thursday at 11:00 pm New York Time.  Last week, I didn’t even send scholarship special, because I didn’t want to take anymore people.  This week, I will have few more openings, but I am sure they will go fast, so if you want to get in, make sure you are at your email box at 11:00 pm New York sharp.
 
To Our Success!
-Felix Homogratus

1617 Broadway St., Suite 1001
New York, NY 10002
USA

Free Forex Signals for 02/13/2007

Tuesday, February 13th, 2007

Hi there :)
 
I hope you are having a fantastic day :)  We had no tradable news earlier today, so I hope you got enough sleep :)
 
Rob Grespi did fantastic today.  He made +72 pips, which brought his performance for February so far to +456 pips total.  I strongly recommend watching his live trading videos by going to this link:
http://www.kingforexsignals.com/robtrades0207.htm
 
Tomorrow, we have a couple of very nice things happening :)
 
1.  Tuesday, February 13th, 2007 (4:30 am New York Time) UK
We have UK CPI coming out.  This reading is extremely important, considering all the interest rate activity out of UK lately.  We will have three numbers, the core CPI, which is usually very steady, and we have the headline annual CPI.  That’s the number that everyone seems to care a lot about.  It’s expected that annual CPI will come out at either 2.9 to 3.0%.  If this reading comes out at 3.2% or higher, you can possibly go long on GBP/USD.  If the reading comes out at 2.7% or lower, you can possibly go short on GBP/USD.  I am expecting a move of at least 50 pips on this report if my triggers are hit.  If you miss the initial spike, you can try to jump back in on 2nd wave at around 40 to 50% retracement. 
 
2.  Tuesday, February 13th, 2007 (8:30 am New York Time) USA
Then we have US trade balance coming out.  I can’t say that this is that hot of a report, but it’s worth watching and possibly trading.  It’s generally expected that the trade balance will come out at around -59.7 billion or so.  If this indicator reads -64 billion or more negative, it would be bad for the dollar, and you can possibly go long on GBP/USD.  If this indicator comes out at -56 billion or less negative, it would be good for the dollar, and you can possibly go short on GBP/USD.  If you miss the initial spike, you can try to jump back in on 2nd wave at around 100% retracement.
 
If you are not sure what I mean by 2nd waves, please watch my complimentary trading video by going to this link: http://www.secretforexsociety.com/videos/FreeSignalsTutorial.html
 
That’s all I have to say about tomorrow. 
 
To Our Success!
-Felix Homogratus

1617 Broadway St., Suite 1001
New York, NY 10002
USA

Free Forex Signals for 02/12/2007

Monday, February 12th, 2007
Hi there Mauro :)
I hope you had a wonderful weekend :)  Mine was very busy, was away for three days, just got back home literally 15 minutes ago, so I am sending you this signal :)
Let’s first review what happened last Friday.  It was a fantastic day for both Rob Grespi and I.
The signal that I sent you gave a short deviation on USD/CAD, because the employment number came out very strong, and it was a fantastic trade of well over 50 pips.  I encourage you to watch my live trading video, so that you could compare my results to yours and also learn a lot.  Here is the link: http://www.forexdiamonds.com/video.php?video=020907_CADEmployment
Rob Grespi had a fantastic day on Friday.  He took five trades, only one loser, which ended his day at +104 pips total, which brought his performance for February so far to +385 pips total.  Please check out his live trading videos by going to this link:
Unfortunately, we don’t really have any good tradable reports today, Monday, so I don’t have any signals for you.  If anything, be aware of the UK PPI coming out at 4:30 am New York Time. 
That’s all.  Just an FYI.  If you wanted to purchase Secret News Weapon, I will be taking few more people at scholarship prices tomorrow, Monday at 11:00 pm New York Time.  If you wanted to receive the email with the special link, make sure you are on the waiting list, which can be joined here:
https://www.secretnewsweapon.com/buyit.html
To Our Success!
-Felix Homogratus

1617 Broadway St., Suite 1001
New York, NY 10002
USA

Free Forex Signals for 02/09/2007

Friday, February 9th, 2007

Hi there :)
 
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.
 
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
 
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
 
Let’s now talk about what’s going on today.
 
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.
 
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.
 
That’s all for today :)
 
To Our Success!
-Felix Homogratus

1617 Broadway St., Suite 1001
New York, NY 10002
USA

Free Forex Signals for 02/08/2007

Thursday, February 8th, 2007

Hi there :)
 
I hope you are having a good day today :)  My day today could’ve been better…  Let’s review what happened today.
 
There were three reports that we were watching and possibly trading.  According to the signals I sent you yesterday, none of the reports gave a trade.  All of them were no trade situations.  However, since I have the ability to get in before the spikes on news trades with the secret news weapon, I normally use less conservative triggers.  We got a short signal on the industrial production, however conflict in manufacturing production muted the move, so the results varied between +10 pips profit on some platforms to -10 pips loss on others.  But basically because of the muted move, whoever had to pay widened spreads lost pips, and whoever had more reasonable spreads made pips.  Then we had New Zealand unemployment report, which didn’t hit any of the triggers.  Then we had Australian Employment change coming out.  That didn’t hit any of the triggers either, so it was a no trade, however one of the news services that contributes to secret news weapon released the number at -3600, instead of -3.6K, so the weapon gave a false short signal.  The price did spike down in the direction of the signal, but then quickly retraced, partially because of conflict in unemployment figure, and the number not being too far away from consensus.  Rob Allen and I implemented a safety guard in the weapon against such occurences in the future, so it won’t happen again.   To watch videos of this messy day, please go to this link: http://forexdiamonds.com/performance.htm
 
Rob Grespi from kingforexsignals.com also took a beating today.  He lost -50 pips, which brought his performance for February from +298 to +248 pips total.  He was doing well, until he took a big loss of -40 pips on one of his swing trades.  Oh well…that’s the nature of forex, sometimes there are winning days, and other times there are losing days.  It’s absolutely inevitable, unless of course you are a broker :)  To see videos of Rob’s live trades, please go to this link:
http://www.kingforexsignals.com/robtrades0207.htm
 
Okay, let’s now talk about what’s going on tomorrow.
 
1.  Thursday, February 8th, 2007 (7:00 am New York Time) UK
We have UK interest rate statement coming out.  The expectations is that the UK government will keep the rate unchanged at 5.25%.  However, after a surprise rate hike last month, about 15% of the economists are expecting another surprise rate hike this month.  I personally don’t think that there is going to be a rate hike…simply because the previous rate hike was too close on the votes.  But I hope I am wrong :)  Basically if there is a rate hike to 5.50%, I may possibly go long on GBP/USD.  Expect about 100 to 120 pips move, then we should probably see about 40 to 50 pips retracement, which will be caused by people taking their profits, and then we’ll probably see another 100 pips move or so.  If there is a rate hike, and you can’t get in on the initial spike, just wait for the retracement, and once you start seeing consolidation period after retracement, you can possibly go long.  If there is no rate hike, most likely we’ll see a temporary weakening in the pound, however shorting on no rate hike would be too risky in my opinion. 
 
2.  Thursday, February 8th, 2007 (7:45 am New York Time) E-12
Then we have interest rate statement out of E-12.  It’s expected unanimously that the rate will be kept unchanged at 3.50%.  If for some reason there is a rate hike by 0.25% or more, I may possibly go long on EUR/USD.  If there is no rate hike, I wouldn’t trade.  If there is a surprise rate hike, expect similar price action as I’ve explained on the pound above.  Just EUR/USD will probably have smaller range…initial move may only be 80 pips or so.
 
3.  Thursday, February 8th, 2007 (8:30 am New York Time) E-12
Then we have Trichet speaking.  Generally his speeches are very mixed and very dangerous…they tend to create whipsaw moves in EUR/USD, so I am not planning to trade this speech.  However, you should definitely be aware of this speech, so that you don’t have a surprise stop/loss triggered if you are leaving your trades on.
 
That’s all for tomorrow.  Tomorrow, I will be taking few more people to my forexdiamonds.com room at the discounted scholarship special.  If you wanted to get the invitiation, please make sure you are on the waiting list, which can be joined on this link: http://forexdiamonds.com/join.htm  The sign up link will come out tomorrow, Thursday, at 11:00 pm New York Time, sharp. 
 
To Our Success!
-Felix Homogratus

1617 Broadway St., Suite 1001
New York, NY 10002
USA

Free Forex Signals for 02/07/2007

Wednesday, February 7th, 2007

Hi there :)
 
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.
 
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
 
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
 
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.
 
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. 
 
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.
 
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.
 
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.
 
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
 
To Our Success!
-Felix Homogratus

1617 Broadway St., Suite 1001
New York, NY 10002
USA

Free Forex Signals for 02/06/2007

Tuesday, February 6th, 2007

Hi there :)
 
I hope you are having a wonderful day today :)  Let’s first review what happened earlier today.
 
Today, we had two reports coming out.  We had the UK Services PMI and the US ISM Non-Manufacturing.  Services PMI didn’t hit the trigger that I sent you, however I decided to trade with a less conservative trigger, because of very bearish sentiment in the pound before the report.  That yielded a very nice trade, where the pound moved by over 50 pips.  Unfortunately, I only took a small portion of that move, but it still was a pleasant profit.
 
ISM Non-Manufacturing hit my short trigger, however the move was very muted, because the GBP/USD was at a very low level.  I entered the position, but after indecisive price action and very little follow through, I exited with a small profit.  To see exact results, and learn how to trade these reports next time, I suggest watching my live trading videos by going to this link:
http://forexdiamonds.com/performance.htm
 
Rob Grespi from kingforexsignals.com did absolutely fantastic earlier today.  He made +102 pips total that brought his performance in February to +278 pips so far.  Considering that we only had 3 trading days in February so far, that’s a fantastic way of starting the month.  To watch Rob’s live trading videos, please go to this link: http://www.kingforexsignals.com/robtrades0207.htm
 
Tomorrow, we have nothing significant happening, only one possibly tradable event that’s happening.
 
1.  Tuesday, February 6th, 2007 (5:30 pm New York Time) AUSTRALIA
We have interest rate statement coming out of Australia.  It’s expected that Australia will keep their rates unchanged at 6.25%.  If for some reason they decide to unexpectedly hike the rate to 6.50%, I may possibly go long on AUD/USD, and expect a move of 80 pips or more.  If for some reason they cut the rate to 6.00%, I may possibly go short on AUD/USD, and also expect a similar move.  Chances of unexpected rate change are slim to none, but if it happens it would be an amazing trade.
 
That’s all for tomorrow :)
 
To Our Success!
-Felix Homogratus

1617 Broadway St., Suite 1001
New York, NY 10002
USA

Forex Trading Signals for 02/05/2007

Sunday, February 4th, 2007

Hi there :)

I hope you are having a great weekend.  This week is not as busy in terms of fundamentals as it was last week…but we do have a few very good reports.

Let’s first review what happened on Friday.  We had only one news trade, and that was non-farm payroll.  It came out worse than expected, but it didn’t hit my trigger.  In addition to that, we also had a conflicting revision.  It was an interesting and very educational report to trade, with all the revisions.  You can watch live trading video of this report by clicking here:  http://forexdiamonds.com/performance.htm

Rob Grespi from kingforexsignals.com did well on Friday, making +64 pips total, which brought his performance for February to +176 pips total.  The highlight of the day was the fact that he heard that non-farm will come out worse than expected, and he saw a bunch of large orders coming in right before the release.  He gave a long on GBP/USD 2 minutes before the number was actually released.  That trade made a total of over 50 pips, and he took some profitable trades in addition to that.  I suggest seeing some of his live trading videos by going to this link: http://www.kingforexsignals.com/robtrades0207.htm

Let’s now talk about what’s going on tomorrow.  We have two reports coming out that are somewhat important.

1.  Monday, February 5th, 2007 (4:30 am New York Time) UK
We have UK Services PMI coming out.  This indicator measures services industry in the UK.  Services is about 70 to 80% of UK GDP, however generally speaking this report is not as important as manufacturing PMI.  It’s expected that this number will come out at 60.  If it comes out reading 57, it would be bad for the pound short term, and I may possibly go short on GBP/USD.  If it comes out at 62 or higher, it would be a very healthy reading above 60, and I may possibly go long on GBP/USD.  It make take 20-25 minutes for the move to fully manifest.  I am expecting around 30 pips on this, if my triggers are hit.

2.  Monday, February 5th, 2007 (10:00 am New York Time) USA
Then we have ISM Non-Manufacturing report coming out of the U.S.  This report is also tracking the services industry in the US, and services is also a major contributor to the GDP.  It’s not nearly as important as its sister report ISM Manufacturing, but it’s also worth watching.  It’s expected that Non-Manufacturing will come out at approximately 57.  A reading of 55 or lower would probably be bad for US dollar short term, and I may possibly go long on GBP/USD.  A reading of 59 or higher would be a very healthy reading and therefore good for the dollar, so I may possibly go short on GBP/USD.  If my triggers are hit, I would also expect a move of around 30 pips on this one.

That’s all for tomorrow :)  Remember…if you wanted to purchase Secret News Weapon,  I will be taking few more people tomorrow.  So if you wanted a chance to get in, please make sure you are on the waiting list, and wait for an email tomorrow Monday, February 5th, 11:00 pm NY Time.  You can join the waiting list here:  http://www.secretnewsweapon.com/buyit.html

To Our Success!
-Felix Homogratus

1617 Broadway St., Suite 1001
New York, NY  10002
USA

Free Forex Signals for 01/31/2007+Trading collaboration

Friday, February 2nd, 2007

Hi there :)
 
I hope you are doing well.  Today was a good trading day for some, not so good for others.  More on that later.  I wanted to start off this signal with trying to pick your brain on something.  I’ve been doing a lot of research lately on developing a very high probability trading system based on world’s oil prices.  As you may know, when the oil prices go up, Canadian dollar usually goes up along with them, because Canada is a big exporter of oil.  Japan yen on the other hand goes down, because their export competitiveness depends on low oil prices, because they have to buy that from abroad.  So it’s very clear that whenever there is a significant change in oil prices, CAD/JPY pair is a great pair to trade.  It’s a very liquid pair, with spreads on most ECN platforms of only 1 to 2 pips.  So I’ve been correlating oil prices and the price action in CAD/JPY, and from my research so far, it’s very clear that it’s very possible to use oil prices as leading indicator for trading CAD/JPY, so it makes it a very worthy venture and trading system to explore.  If you happen to have any experience trading currencies based on commodity pricing, please email me back, I’d like to collaborate with you to really hammer out this trading system. 
 
So let’s review what happened earlier today.  We had four reports come out today.  We had the UK Manufacturing PMI, we had the US Core PCE, we had the US ISM Manufacturing, and we had Australian trade balance.
 
UK Manufacturing PMI didn’t hit my trigger, so it was a no trade, however the pound did move towards the deviation by around 30 pips in the first half an hour.  I personally scalped off 10 pips out of this move, but didn’t really give any public trading signals for this.  Then we had the US Core PCE come out at 0.1%, and all the other numbers along with it, came out as expected, so that was clearly a no trade.  Then we had the ISM Manufacturing come out.  It came out at 49.3, very bad reading, under normal circumstances I expected a move of at least 70 pips based on such reading on the GBP/USD pair.  I gave a long signal, saw about 25 pips profit on two units, so 50 pips total on my account in the first minute or two, decided to hold on for longer period, and see if it gives a bigger move, but unfortunately, there were some very heavy offers sitting in the 1.9730s, plus a very strong pending home sales reading didn’t help, so I ended up turning +25 pips per unit to -10 pips per unit, then reentered with another unit, and made +10 pips, then about an hour after the report, took another short, and made +25 pips on that.  Some people in my room exited early when we had that +25 pips profit initially, but I am afraid quite a few held on longer along with me, and probably lost a little.  Overall, I was able to squeeze a little profit out of this report on my own account, but I still consider this trade unsuccessful, and unfortunately, I wasn’t in the room to give the last short either.  Then the Australian trade balance didn’t hit my trigger, however one of the news contributors to the weapon made a mistake when they released the number, and we got a short signal on smaller deviation than my triggers.  I gave an exit for a +21 pips total profit, however, because of high spreads, the results were minimal.  People that paid 10 to 15 pips spread made between 5 to 10 pips profit.  I got ripped off with a 30 pips spread, and lost -9 pips after the spread…but in reality that was a no trade according to my triggers.  I suggest you go to this link to watch my live trading videos…it’s been a very interesting day to say the least:  http://www.forexdiamonds.com/performance.htm
 
Rob Grespi from kingforexsignals.com did fantastic today.  He took 12 trades.  8 were winners, and 4 were losers, but at the end of the day, his overall profit was +112 pips.  Great way to start a month.  Click on this link to see Rob’s live trading videos:  http://www.kingforexsignals.com/robtrades0207.htm
 
Okay…tomorrow we have only one report that I am going to watch and possibly trade, and it’s going to be non-farm payroll.  A biggie…a real biggie…
 
1.  Friday, February 2nd, 2007 (8:30 am New York Time) USA
We have US Non-Farm payroll coming out.  As you may already know, this is probably the biggest economic report in the world that everybody watches, and can move the market by over 100 pips easily.  It’s expected that Non-Farm will read at 150K.  If the reading is at 180K or more, I may possibly go short on GBP/USD, since it would be good for the dollar.  If the reading is at 85K or lower, I may possibly go long on GBP/USD, since it would be bad for the dollar.  The reason my long trigger is so much more conservative is because this report may also include annual government benchmarking, which is expected to bring 800,000+ extra jobs in 2006, and create a huge revision, which should be relatively well distributed among 12 months or so.  If that happens, such positive revision may mute a negative dollar move, so I feel a bigger trigger is warranted.  You may also look for 2nd waves on this report.  If you don’t know what 2nd waves are, please watch my signal tutorial video by going to this link: http://www.secretforexsociety.com/videos/FreeSignalsTutorial.html
 
That’s all for tomorrow :)  Let’s hope we can close this week very positive.
 
To Our Success!
-Felix Homogratus

1617 Broadway St., Suite 1001
New York, NY 10002
USA