BuyForexSignals.com

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

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

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

Hi there
 
I hope you are having a great day :)  For the last several days I’ve been attempting to put a video tutorial together on how to trade my signals most effectively, and how to trade the news outside of the initial spike, and how to pick a broker for spike trading.  I kept recording and deleting videos, because I felt like they weren’t concise enough.  This is the last version of the video, where I go in details on how to trade the news not only before the spike, but after the spike, and I thoroughly explain how different brokers’ market order and limit orders work, and how you can trade the news spikes with those brokers.  Can you please watch this video, and give me feedback from your perspective of whether you find it useful or not, or whether you feel there are some parts that are confusing to you that I need to cover in more details.  I want this video to be as orientation video for every new person that signs up for my free trading signals.  Please let me know what you think.  Here is the video link:
http://www.secretforexsociety.com/videos/FreeSignalsTutorial.html
 
Okay, let’s review what happened earlier today.  We had three news reports that we were watching.  We were watching the UK Nationwide housing prices, we were watching US consumer confidence, and we were watching NZD trade balance.  None of those report hit our trigger, and we had no trade on any of them.  This month has been relatively slow in terms of news trades.  We are getting a lot of “no trades”.  However, I still encourage you to watch my live trading videos from earlier today, in order to learn in depth what these economic events meant, and how to trade them next time.  Here is the link:
http://forexdiamonds.com/performance.htm
 
Rob Grespi had a fantastic day today, he had two losers, seven winning trades, and two break even trades, making +84 pips total, which brought his performance for January up to +910 pips total.  To see the exact break down of his trades, and to watch his live trading videos, please visit this link:
http://www.kingforexsignals.com/robtrades0107.htm
 
Okay, let’s talk about what’s going on tomorrow.
 
1.  Wednesday, January 31st, 2007 (5:30 am New York Time) SWITZERLAND
We have KOF Swiss Leading Indicator coming out, and it’s expected to come out at 1.54  If the reading comes out at 1.34 or lower, that would match the lowest reading that came out all the way back in October of 2005, and would be short term bad for Swiss Frank, so I may possibly go long on USD/CHF.  If the reading comes out at 1.75 or higher, that would be the first time in the last seven months, when this monthly indicator is actually coming out better than previous month.  It’s been on consistent decline since June of 2006.  So a reading of 1.75 or higher, would mean a bounce back to November’s reading or better, and it should be good for Swiss Frank short term, and I may possibly go short on USD/CHF.
 
2.  Wednesday, January 31st, 2007 (8:15 am New York Time) USA
Then we have U.S. ADP Employment report coming out.  This report is supposed to give hints of what non-farm payroll is, because it samples similar data as non-farm payroll, except much smaller amount of that data.  However, it’s had some very major screw ups, and was completely off base.  Last month was another example, when ADP Employment came out at -40K, and Non-Farm payroll came out at 167K.  It did provide an interesting situation.  A lot of very serious traders took speculative dollar short positions before the non-farm, based on ADP reading, and they got totally creamed.  My subscribers and I took dollar long position as soon as the number was released and most people got absolutely fantastic fills, because of that speculative dollar short liquidity, and we made a lot of pips.  So to make the long story short, this ADP Employment is expected at 140K this month.  If it comes out at 200K or more, I may possibly go short on GBP/USD.  If it comes out at 50K or less, I may possibly go long on GBP/USD.  This will probably be a relatively short move.  In addition to trading the initial spike on this report, you can also try to trade first retracement strategy that’s mentioned in my free signals tutorial video in the beginning of this email.
 
3.  Wednesday, January 31st, 2007 (8:30 am New York Time) USA
Then we have US GDP coming out of the U.S.  It’ll be the first GDP estimate for 4th quarter, and it’s expected to have a relatively strong reading of 3.0%.  If the reading is at 3.5% or higher, it should be good for the dollar short term, so I may possibly go short on GBP/USD.  If the reading is at 2.5% or lower, it should be bad for the dollar short term, and I may possibly go long on GBP/USD.  If my triggers are hit, I am expecting a move of at least 50 pips on GBP/USD.  In addition to the initial spike, you can also try to catch the second wave, and second wave retracement, that are explained in my free signals tutorial video in the beginning of this email.
 
4.  Wednesday, January 31st, 2007 (10:00 am New York Time) USA
Then we have Chicago PMI coming out at 52.  If it comes out at 50 or lower, it would signify that there is no expansion in this particular reading, because a reading of 50, signifies that 50% of manufacturers reported expansion, and the other 50% reported contraction.  A reading below 50 would signify contraction in this sector.  So if it reads at 50 or below, I may possibly go long on GBP/USD, since it would be bad for the dollar short term.  If the reading is at 55.0 or higher, it would be extremely unexpectedly high reading.  I’ve looked at opinions of around 60 different economists, and not one is expecting a reading of better than 55.  So such reading would be a surprise, and I may possibly go short on GBP/USD, since it would be good for the dollar short term.  In addition to the spike, you can try trading the 2nd wave strategy if you like, that’s mentioned in my tutorial video, keep in mind 100% retracement possibility on this one.
 
5.  Wednesday, January 31st, 2007 (2:15 pm New York Time) USA
We have FOMC interest rate decision out of U.S.  It’s expected that interest rate will stay the same, at 5.25%.  If for some reason, the interest rate is hiked to 5.50%, it would be good for the dollar, and I may possibly go short on GBP/USD.  If the interest rate is lowered to 5.00%, I may possibly go long on GBP/USD, because it would be bad for the U.S. dollar.  It’s extremely unlikely that the Fed will do anything with the rates.  The housing market is starting to rebound, inflation seems to show first signs of slowing, so I think the Fed will consider current rate perfect for the time being.  However, even if they keep the rate unchanged, but mention something about a possibility of another rate hike in the near future, that would be bullish for the dollar, so short on GBP/USD.  Or if they mention a possibility of a cut coming, it would be bearing for the dollar, so a long on GBP/USD.  If for some reason a rate is raised or cut, I would expect a move of at least 100 to 150 pips on GBP/USD pair, and in addition to trading the spike, you can trade a 2nd wave strategy.
 
That’s all for tomorrow :)  Remember, if you wanted to get into Rob Grespi’s kingforexsignals.com trading room at a heavily discounted scholarhip special, I will be sending the sign up link tomorrow, Wednesday at 11:00 pm New York Time.  Make sure you are on the waiting list in order to receive the sign up link.  You can sign up on 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

Hi there
 
I hope you are doing good today.  I’ve been feeling pretty crappy all day.  I think I got some food poisoning yesterday from some bad tofu or something, and been laying in bed all day, feeling like crap.  Just got up to trade the Japanese Industrial Production, which was a no trade, and been feeling pretty good since then.
 
Let’s first review what happened earlier today.  We just had one news report coming out, which was Japanese Industrial Production.  It didn’t hit my trigger, so it was a no trade.  You can watch the live video of this report by clicking on this link.  I suggest you do that, because I believe you will learn a lot: http://www.forexdiamonds.com/video.php?video=012907_JapanIndustrialProd
 
Rob Grespi didn’t do too good today.  He had a few wins and a few losses, ending up the day with -33 pips total loss, which brought his performance for the month from +859 to +826 pips total.  You can watch his live trading videos by going to this link:
http://www.kingforexsignals.com/robtrades0107.htm
 
Okay, enough reviewing…let’s talk about what’s going on tomorrow, Tuesday.
 
1.  Tuesday, January 30th, 2007 (2:00 am New York Time) UK
We have nationwide house prices coming out of the UK.  I normally don’t trade this report, but considering the last few interest rate hikes in the UK, and considering the fact that housing has been probably the #1 driving force of UK economic growth, this report would be particularly important this month.  This report will basically measure the price of UK nationwide homes for the month of January.  It is expected that the number will read around 0.8%.  If that’s the case, it would signify a relatively large jump from previous month increase of 1.2%.  If the number comes out at 1.5% or higher, it would be a huge jump, biggest since January, so I may possibly go long on GBP/USD.  If the number comes out at 0.1% or lower, I may possibly go short on GBP/USD, since it would signify that inflation in the housing sector is subsiding, which may mean that UK won’t need to do anymore rate hikes.  We may not see a big spike initially based on this number, but I am expecting the GBP/USD to move by about 30 pips or more in the first 20 to 30 minutes, assuming that my triggers are hit. 
 
2.  Tuesday, January 30th, 2007 (10:00 am New York Time) USA
Then we have Consumer Confidence coming out of the U.S. for the month of January.  Everybody is expecting an extemely strong reading of 110.  Such high expectations are based on the reading last month of 109.0, which set record high from May of 2002.  In this particular situation, I really believe that even if the number comes out as expected at 110.0 or higher, we may see a rally in the dollar.  But just to be safe, I may possibly go short on GBP/USD if the reading is 111.0 or higher.  If the reading is at 105.2 or lower, I may possibly go long on GBP/USD.
 
3.  Tuesday, January 30th, 2007 (4:45 pm New York Time) New Zealand
Then we have New Zealand trade balance coming out.  It’s expected that it will read at around -500 million or so, which would be a big improvement from last month’s -785 million reading.  If the number comes out at -800 million or more negative, I may possibly go short on NZD/USD, since a bigger than expected trade balance is generally negative for New Zealand dollar.  If the number comes out at -300 million or less negative, I may possibly go long on NZD/USD, since it would signify a drop of close to 500 million in trade balance deficit since last month.
 
That’s all for tomorrow :)  I hope we make a bunch of pips.
 
To Our Success!
-Felix Homogratus

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

Hi there
 
I hope you had a nice weekend, and are ready for another exciting week ahead.  We have quite a few things going on pretty much every day of this week, so stay tuned.
 
Let’s first review what happened last Friday.  It was a very hard day to trade.  We had US Core Durable Goods come out and New Home Sales.  New Home Sales didn’t give a signal, but core durable goods gave a signal, but the move happened very fast, was just a small gain.  Please click here to watch live trading videos to learn a lot:
http://forexdiamonds.com/performance.htm
 
Rob Grespi also had a tough time Friday.  Fighting all day with a few small losses and few small wins.  Rob saw some order flows coming in before durable goods, so he gave a signal about 30 seconds before the news was even released.  That was a very nice profit.  Then he ended up the day with another relatively large gain that pulled his performance for the day out into positive.  So he ended up making only +33 pips on Friday, which brought his performance for January to +859 pips.  I really hope that he can pull out a few good grades in the next couple of days, and close the month with over +1,000 pips.  All of Rob’s trades for the month of January were recorded live on video.  Please watch them here to get a feel on how he trades:
http://www.kingforexsignals.com/robtrades0107.htm
 
Okay, let’s talk about what’s going on tomorrow, Monday.  Monday is the slowest day of this week.  We have only one potential trade, so I really hope it’s a good one.
 
1.  Monday, January 29th, 2007 (6:50 pm New York Time) JAPAN
We have Japanese Industrial Production coming out for the month of December.  This is a relatively important report for Japan.  They actually release it twice per month.  The first one is preliminary report, which is the one we are getting tomorrow.  The second one is final report, which is basically a revision of the preliminary report, which is coming out on February 13th.  Preliminary reports are usually a lot more important.  First of all, because they give the first taste and the first clues on how the Industrial sector in Japan did during the last month, and not only that, but there are also much bigger chance of a huge surprise in the reading of preliminary report.  Japan industrial production has been reading very strong throughout the first two months of 4th quarter.  After coming out reading at 1.6% in the month of October, and then 0.8% in the month of November, it’s expected that same output will maintain, and there will be an even further growth of 0.4%.  In my opinion, if industrial production reads at 0.8% or higher, it would match or better than previous month’s reading, and would signify the biggest growth in industrial sector for 2006, so it would be good for the yen, and I may possibly go short on USD/JPY.  If the reading is 0% or negative, it would mean that industrial growth stayed the same in the month of December or even shrank, and it would be negative for the yen, so I may possibly go long on USD/JPY.  If my triggers are hit, I am expecting a move of 30 pips or more in the USD/JPY pair, but it may take up to 30 minutes for the move to fully manifest itself.  Of course the price levels before the report, and the readings of jobless rate and household spendings that are coming out 20 minutes before this report may also play a role on how this report needs to be traded.
 
Good luck to us tomorrow :)  Please don’t forget that tomorrow, Monday at 11:00 pm New York Time, I will be taking few more people for the Secret News Weapon.  If you wanted to purchase the weapon, make sure you are on the waiting list, which you can join through this link:
https://www.secretnewsweapon.com/buyit.html
And make sure to wait for an email at 11:00 pm New York Time sharp.
 
To Our Success!
-Felix Homogratus

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

Hi there
 
I hope you are having a great day.  Let’s first review what happened earlier today.
 
We were watching three reports earlier today.  We were watching the German IFO, The Existing Home Sales, and the Japan CPI.  German IFO came out worse than expected, but didn’t hit my trigger.  EUR/USD moved down by around 20 pips.  Remember, I set my triggers usually, with an expectation to get at least 30 pips move or bigger.  So German IFO was a no trade for me.  Existing home sales came out within 30,000 of consensus.  We were looking for 250,000 deviation.  So obviously that was a no trade either.  Then the Core Tokyo CPI y/y came out also as expected, so that was a no trade.  We saw yen strengthen for a little bit at the sight of as expected number, which proved that there may still be a chance of a rate hike out of Japan next month.  National CPI for the month of December, came out slightly worse than expected.  0.1% versus 0.2% expected, so after the market digested the data, yen weakened some.  Again, my trigger wasn’t hit on this report, so it was a no trade.
I still do suggest that you watch the live trading videos from today to learn some of the fundamentals we traded in depth.  Here is the link:
http://forexdiamonds.com/performance.htm
 
Rob Grespi from kingforexsignals.com had a great day today.  He made +66 pips total.  Took 9 trade, 6 of them were winners.  The biggest loser was -11 pips total, and the biggest winner was +35 pips total.  So overall was +66 pips for the day, which brought his performance for the month to +828 pips total.  To watch Rob’s live trading video, please go to this link:
http://www.kingforexsignals.com/robtrades0107.htm
Please don’t forget that tomorrow, Friday, January 26th, 2007, at 10:30 am New York Time, Rob will be conducting a presentation, explaining his trading style, and then taking questions.  This session will be open to all members of Secret Forex Society.  If you are reading this email, obviously it means that you are a member, and you are invited.  If you want to join us, here are the login details:
www.omNovia.com/sc2/forex/kingforex (Password: king1765)
The password will start working on Friday at 10:15 am.  I can only take in so many people into the room, once all spaces are filled up, the password will stop working.  So don’t be late.
 
Remember, Rob Grespi makes close to 1 million dollars per year on his own account.  He used to trade currencies for Deutsche bank, and in December of 2006 he was offered a job at Credit Suisse, with a salary of 750,000 Euros per year, plus bonuses.  He turned down that offer, obviously because he makes as much trading on his own, and he didn’t want to give up his freedom and become a bank slave once again.  So bottom line is, if you were wondering how banks operate on the inside, and how they make money in forex, this Friday’s session should be a perfect opportunity.  Write down your questions, and I hope to see you there.
 
Okay, so let’s talk about what’s going  on tomorrow in terms of fundamentals.
 
1.  Friday, January 26th, 2007 (8:30 am New York Time) USA
We have Durable Goods coming out of the US.  This is a crazy report that can deviate greatly.  We have two main numbers.  The headline number and the core number, also known as the number X transportation.  My focus will be the core number.  The expectations is that December Durable Goods X Transportation will come out at 0.5%.  A slight rebound after two big declines is expected.  Remember…back in October, we saw a decline in this number by a huge -1.8%, and then in November by -1.1%.  If the number tomorrow comes out at 0% or negative, it would signify either flat reading or a decline after two huge declines and would be bad for the dollar short term, and I may possibly go long on GBP/USD.  Especially that December is a Christmas month…no good.  If the number rebounds and reads 1.0% or higher, it would be good for the U.S. dollar short term, and I may possibly go short GBP/USD.  It would be ideal if the headline number didn’t conflict, but even if it does by a little, the X transportation should still pull out the move after a bit of whipsaw action.  If my triggers are hit, and there are no large conflicts, I would expect a move of at least 30 pips on GBP/USD.
 
2.  Friday, January 26th, 2007 (10:00 am New York Time) USA
Then we have New Home sales coming out.  Even though new home sales constitutes for only about 15% of all home sales in the U.S., they are extremely important, because when new home sales are booming, the manufacturing and construction industries are booming, and it says something about people’s confidence, because if people are buying new homes, that generally means that they are picking them over existing homes that are cheaper, and therefore are confident about their future financial situation.  It’s expected that new home sales for the month of December will come out at 1050K or so, which is a little bit better than they came out last month.  Last month was 1047K.  This is a very interesting indicator that seems to be important, but the market reacts to it in a weird way.  We really need a big deviation in order to see a decent size move.  If the number comes out at 1122K or higher, it would be the highest reading since January of 2006, and should be good for the dollar short term, so I may possibly go short on GBP/USD.  If the reading is at 978K or lower, it would be the lowest reading since February of 2003, so I may possibly go long on GBP/USD.  If my triggers are hit, I would expect a move of at least 30 pips. 
 
That’s all for tomorrow
 
To Our Success!
-Felix Homogratus

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

Hi there
 
I hope you are having a good day.  I am having a terrible day, due to a terrible trade that happened on the UK GDP.  Let’s review what happened.
 
Today we had two tradable reports.  We had the UK GDP and the New Zealand interest rate statement.  I gave you triggers for the UK GDP of +0.2 and -0.2, which weren’t hit, so it should’ve been a no trade according to my signal.  After further research and looking at price action, I realized that even if the number comes out at 0.9% on the GDP, it should be a good long on the pound.  We had a conflicting BOE minutes report that came out at the same time.  I told people in my room that in case BOE conflicts, we may see some opposite price volatility, but a strong GDP reading should pull the pound out, and we should see a strong up-move.  The reading came out at 0.9% and gave a long signal on GBP/USD.  However, BOE minutes revealed a shocking vote on last interest rate hike of 5:4, versus 8:1 expected.  That was such a huge shock, that the pound spiked down by well over 50 pips.  I traded the GBP/JPY pair, and with the high spread, saw an immediate loss of around -80 pips on my account.  I expected some volatility, but not so much, so I panicked, forgot about our plan to hold on the position and let GDP pull us out, and closed my trade for a large loss.  Then as I saw pound rebounding, I bought again at the bottom, and made a quick +33 pips, which was a small gain, considering that the pound rebounded back on GBP/JPY by over +165 pips.  I just didn’t have the nerve to hold on, it was too crazy and too frustrating.  About 65% of my subscribers in the room took a large loss with me, others sticked to the plan we set earlier and held on to their position for a profit.  Considering that I traded two units on this trade, so it’s like that -45 pips was a double, so -90 pips, so I saw a drawdown of 10.5% on my account after this trade, which is really nothing, considering that I basically tripled my account in the last 2 months.  I was just very upset about the fact that I got too emotional with the exit and didn’t stick to my own plan, and of course because so many of my subscribers took such large loss together with me.  That just felt horrible.
 
Then we had New Zealand interest rate come out.  New Zealand kept the rates unchanged, so it was a no trade.  However, Bollard made some extremely hawkish comments, saying directly that another interest rate hike is likely.  NZD/USD had a very nice and slow move up by +65 pips.  I personally bought NZD/USD at 0.6959, but after such negative day, I was too nervous giving a live signal to my subscribers based on a speech, since speeches are generally more risky than indicators.  I prefer to stick to the easy non-conflicting economic indicators for the next week or two, and get everybody’s confidence and accounts back on track.
 
Rob Grespi had a very bad day also.  He started off with a great trade, that profited +30 pips total, but after a bunch of small losers and winners, he finished the day with a -16 pips loss.  Though this loss may seem insignificant to some, it was the biggest loss for Rob in more than 2 months.  That brought his performance down for January to +762 pips total.
 
Okay, enough about the miserable day.  Let’s talk about what’s going on tomorrow.
 
1.  Thursday, January 25th, 2007 (4:00 am New York Time) GERMANY
We have German IFO index coming out.  We have three numbers coming out.  Generally they don’t conflict, and the main number is the main German IFO business climate, which is expected at 109.  If the number comes out at 110 or higher, it would be the highest reading in many years, and I may possibly go long on EUR/USD.  If the number comes out at 106.7 or lower, it would be a big drop from previous reading of 108.7, and it would be below the reading before that at 106.8, so I may possibly go short on EUR/USD.  This trade may take 10 to 15 minutes to fully manifest, and I wouldn’t expect a move of more than 30 pips on this one. 
 
2.  Thursday, January 25th, 2007 (10:00 am New York Time) USA
Then we have Existing Home Sales coming out of the U.S.  This is a very steady and accurately calculated indicator, so the deviations from consensus are usually minimal.  Expectations are 6.25M, versus 6.28M last month.  If the number comes out at 6.5M or higher, that would mean a growth in home sales by a whopping 4%, so it could be good for the dollar, so I may possibly go short on GBP/USD short term.  A number of 5.99M or lower would be a huge drop in housing, and would possibly be bad for the dollar, so I may possibly go long on GBP/USD.
 
3.  Thursday, January 25th, 2007 (6:30 pm New York Time) JAPAN
We have CPI figures coming out of Japan.  We have ten different numbers coming out, and who knows which one is going to be released first, and which one is going to be released last.  The most important number is probably Tokyo CPI, excluding food, which is expected to come out at 0.2%.  Trading Japanese reports is very tricky, especially the CPI.  A couple of months ago, their CPI was high, which allowed international countries to put pressure on Japan to raise interest rates.  So what did the Japanese do?  They simply removed some of the items from their CPI basket, which were causing most inflation, so they came up with a new number.  So when the number was released, it read extremely low, and in parenthesis, it had the number according to their old standards, which was as expected.  Extremely confusing, and if confusing equals risky in trading forex news.  So the main focus is Tokyo core CPI, and National Core CPI, and both are expected at 0.2%.  If any of these numbers come out at 0.4%, it would mean that the inflation is high, and would put further pressure for Japanese government to hike the rate, and it would be strengthening for the yen.  If the reading is at 0% or lower, then a rate hike will probably not come for a while, so it would be weakening for the yen.  I personally won’t even set up the Secret News Weapon for this trade.  I’ll just look at the numbers, and act on the first one that I see first, assuming that it gives such big deviation.  If you are confused, please stay out of trading this report.
 
That’s all for tomorrow :)  If you wanted to get into my live trading news room, I will be taking a few people tomorrow, Thursday at 11:00 pm New York Time at a heavy discount.  If you want to receive the link, please make sure you are on the waiting list, which can be joined through this link:
http://www.forexdiamonds.com/join.htm
 
To Our Success!
-Felix Homogratus

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

Hi there
 
I hope you are having a great day.  Let’s review what happened today.
 
First we had the Canadian CPI come out.  It was a very nice trade, I and most people in my room made close to 40 pips total, between the 2 units.  We had to hold on to the 2nd unit for a while, as we expected.  I personally expected a bigger move than we got, but we only ended up getting a move of around 30 pips or so total.
 
Then we had the Canadian Retail Sales coming out.  It was a perfect set up, hit my trigger, no conflicts, headline number also came out way worse than expected, the revisions from previous months were bad.  I really expected a 30-40 pips move on that one.  However, few minutes before the report, Bush mentioned that U.S. will be expandig oil reserves, and because of that speech, the speculators drove the price of oil up, and subsequently since Canada is a big oil exporter, Canadian dollar strengthened by speculation also.  It’s very rare that we have current events that cause such conflicts on our news trades, but it happened this time.  It completely muted the move.  I gave an exit to my room at approximately break even price, but decided to hold on a bit longer, and ended up taking a loss of around -15 pips per unit. 
 
Then we had the Australian CPI come out.  It hit my short trigger.  It was a very nice move down in the AUD/USD pair by well over 80 pips.  However, right after the number was released, we saw some crazy whipsaw action, and because of that, I felt a bit nervous holding on to my position, and gave an exit to everyone at break even price.  Some people in my room held on for longer, and made a bunch of money, others exited at the spike retrace and lost some, but I would say the majority ended up with plus or minus 2 pips, so basically break even.  Very unfortunate…after seeing the move, I wish I held on for longer :)  But in all honesty, I didn’t expect such big move.  Back in July, we saw a deviation of +0.5 from consensus, versus -0.3 deviation today, and back then we only saw a move of 36 pips, versus 80+ pips today.  In the last couple of weeks, these New Zealand and Australian reports have been on steroids…ultra hyper…
 
To watch my live trading videos of these three reports, please go to the link below:
http://www.forexdiamonds.com/performance.htm
I strongly recommend watching them, because you’ll be able to see live tick action, and learn a lot. 
 
Rob Grespi didn’t have a very good day either.  He only made +5 pips after numerous trades, which brought his performance to +783 pips for the month.  Very strange, because the pound made a big break out.  Rob Grespi usually strives during such conditions but not this time.  5 pips profit includes spread, but doesn’t include broker commission, so after a commission, it was another small losing day for Rob.  To see Rob’s live trading videos, please click here:
http://www.kingforexsignals.com/performance.htm
This Friday, January 26th, 2007, at 10:30 am New York Time, Rob will be conducting a presentation, explaining his trading style, and then taking questions.  This session will be open to all members of Secret Forex Society.  If you are reading this email, obviously it means that you are a member, and you are invited.  If you want to join us, here are the login details:
www.omNovia.com/sc2/forex/kingforex (Password: king1765)
The password will start working on Friday at 10:15 am.  I can only take in so many people into the room, once all spaces are filled up, the password will stop working.  So don’t be late. 
 
Remember, Rob Grespi makes close to 1 million dollars per year on his own account.  He used to trade currencies for Deutsche bank, and in December of 2006 he was offered a job at Credit Suisse, with a salary of 750,000 Euros per year, plus bonuses.  He turned down that offer, obviously because he makes as much trading on his own, and he didn’t want to give up his freedom and become a bank slave once again.  So bottom line is, if you were wondering how banks operate on the inside, and how they make money in forex, this Friday’s session should be a perfect opportunity.  Write down your questions, and I hope to see you there.
 
On a positive note to conclude this review, a trader from JP Morgan lost $218 million today on a speculative trade on the GBP/USD.  Bank of China dumped the pounds earlier today during the UK session, then JP Morgan followed the lead.  Then a big Middle Eastern bank bought a bunch of pounds, and reversed the direction, and caused a very big loss to JP Morgan.  I hope that trader that lost so much didn’t lose his job…  I am sure you won’t hear about this on the news, but the loss could be seen by one of my friends on the interbank feed in the order flows.  Why is it a positive note?  Well…apparently bank traders lose money too once in a while.  And if you broke even today, or had a small loss, I hope it wasn’t as much as $218 million, and you should be happy
 
Okay, enough reviewing.  Let’s talk about what’s going on tomorrow.
 
1.  Wednesday, January 24th, 2007 (4:30 am New York Time) UK
We have GDP coming out of UK for the 4th quarter.  Expectations is that the number will come out at 0.7%.  A trigger of 0.1% deviation either direction would normally be sufficient, however, during this time, we also have BOE meeting minutes coming out, which could cause a conflict.  Therefore the triggers must be more conservative.  If the number comes out at 0.9% or higher, I may possibly go long on GBP/USD.  If the number comes out at 0.5% or lower, I may possibly go short on GBP/USD.  It’s hard to identify a conflict out of the minutes.  I would just have to look and see.  But basically if my trigger is hit, just try to catch the initial spike.
 
2.  Wednesday, January 24th, 2007 (3:00 pm New York Time) New Zealand
Then we have New Zealand interest rate statement coming out.  After such negative CPI and retail sales last week, it’s expected that New Zealand will keep the rates unchanged.  If there is a hike to 7.50%, I may possibly go long on NZD/USD.  There is a possibility that NZD/USD will weaken if the rates are unchanged…but it may be too risky to short it.  If you participate in carry trades, just look for a dip in NZD/JPY to get that pair at a good price, in case there is no hike.  Going short New Zealand dollar on no rate hike would be too risky in my opinion.  I’ll do more research about that.  I’ll see what the New Zealand newspapers are talking about, and may change my opinion, but at this point, I think only a long in case of a hike is safe.
 
That’s all for today :)  Remember, if you wanted to sign up for Rob Grespi’s trading signals at a heavily discounted price, tomorrow is the day to do that.  Wait for a link tomorrow Wednesday at 11:00 pm New York Time.  Only people on the waiting list will get the special link.  You can join the waiting list by going here: http://www.kingforexsignals.com/signup.htm
 
To Our Success!
-Felix Homogratus

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

Hi there
 
I hope you had a nice trading day earlier today.  I know the price action was very slow, and we had pretty much no tradable fundamental announcements.
 
Rob Grespi from kingforexsignals.com placed a few trades, and walked out with a small loss of -8 pips, which brought down his performance for January from +781 to +773 pips total.  To watch his live trading videos, please go here:  http://www.kingforexsignals.com/robtrades0107.htm
 
Okay, let’s talk about tomorrow.  Bid day tomorrow with a couple of very powerful canadian reports. 
 
1.  Tuesday, January 23rd, 2007 (7:00 am New York Time) CANADA
We have Canadian CPI coming out for the month of December.  We have both the headline numbers and the core numbers coming out.  My focus will be on core month over month number.  Most expectations is that the number will come out at either 0% or 0.1%.  Prior number was at 0.3%.  If the number comes out at -0.1% or more negative, it would signify deflation in the Canadian economy, and therefore may mean a rate cut rather sooner than later, therefore it would be negative for the Canadian dollar short term, and I may possibly go long on USD/CAD.  If the number comes out at 0.2% or higher, that would mean that inflation is still strong, especially a 0.2% decrease right after 0.3% increase.  That would mean that Canadian inflation is high, therefore expansion is probably high, and they may keep the rates at where they are or may consider doing another rate hike, so that would be good for the Canadian dollar, and I may possibly go short on USD/CAD.  I will also look for conflicts on the headline numbers or the core annual number, and if I see conflicts, I may exit rather sooner than later.  If my triggers are hit, I would expect a move on USD/CAD of at least 30 pips to 50 pips or more.  The size of the move will depend on how big the deviation from consensus is, whether there are any conflicts from other numbers, and the price levels before the report.
 
2.  Tuesday, January 23rd, 2007 (8:30 am New York Time) CANADA
Then we have Retail Sales coming out of Canada for the month of November.  My focus will be on the month over month Retail Sales less autos.  We’ve seen two big drops in a row on this number in September and October.  We saw a decline in September by -0.9%, and then right after that we saw a decline of -0.7%.  After such huge decline, a rebound is usually normal, therefore most economists expect the number to come out at around 0.4%.  If the number comes out at 0.7% or higher, I may possibly go short on USD/CAD, since it would be good for the Canadian dollar short term.  If the number comes out at 0.1% or lower, I may possibly go long on USD/CAD, since it would be bad for the Canadian dollar.  Will definitely watch out for any revisions, and the headline retail sales number, which is expected at 0.8%.  If there are any conflicts, I will definitely be looking to exit rather sooner than later.  The move on this one should be at least 30 pips if my triggers are hit…however it may take up to 30 minutes or a bit longer for the move to fully unfold.
 
3.  Tuesday, January 23rd, 2007 (7:30 pm New York Time) AUSTRALIA
Then we have quarterly CPI coming out of Australia.  The expectations for the 4th quarater are very low…only at 0.2%.  If the CPI comes out at 0.4% or higher, I may possibly go long on AUD/USD, since it would be good for the Australian dollar.  If the CPI comes out at 0.0% or negative, I may possibly go short on AUD/USD, since it would be bad for the Australian dollar.  If my triggers are hit, I am expecting a move of at least 30 pips or more on this report.
 
That’s all for tomorrow :) 
 
To Our Success!
-Felix Homogratus

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