Hello folks:
Sorry for the delay this week, I had a major server issue (not FPA server, but my own server) and I basically spent the entire weekend transferring websites and setting up the new server. So I apologize again for not getting the analysis/overview out on time…
However, with today being a national holiday in the U.S., I think everyone should just take it easy and enjoy the downtime. I believe a little sunshine and few hours in the pool should do wonders for your mindset as we get ready to trade this week.
Here’s what happened last week:
- August 30, 2010 9:30pm EDT – AU Retail Sales – No Trade
- August 31, 2010 8:30am EDT – CA GDP m/m – No Trade
- August 31, 2010 9:30pm EDT – AU GDP q/q – Trade Triggered 80+ Pips
- September 1, 2010 4:30am EDT – UK Manufacturing PMI – Trade Triggered +53 Pips
- September 1, 2010 8:15am EDT – US ADP NFP – No Trade
- September 1, 2010 10:00am EDT – US ISM Manufacturing PMI – Trade Triggered +45 Pips
- September 2, 2010 7:45am EDT – EU Interest Rate – No Trade
- September 3, 2010 8:30am EDT – US NFP Employment No Trade (but analysis pointed to a perfect BUY trade on USDJPY which gave +80 pips)
Total Pips For News Trading = +178 Pips
As far as pre-news trading, I’ve made a pre-news recommendation on BUY for the AUD/USD before the GDP release. If you got in as close to the bottom of the range, which is around 0.8860, you’d have made about 150 pips before the news release, and if you held on to the trade, you’d probably see 315 pips by Thursday.
Therefore, total potential pips, including my analysis with Pre-news and NFP (which honestly I did say to look at the Private Jobs and Revision), you could potentially make about 408 Pips.
Therefore, following our tradition, we’ll do a 75% discount and say that 102 Pips for the first week of September is entirely doable…
If you made more or less than 102 Pips, please share them with me. I’d love to hear from you if you benefitted from my analysis.
Henry
Related posts:
- Upcoming High Impact Forex News For December 13 ~ 17, 2010
- Upcoming News Releases Of the Week December 6 ~ 10, 2010
- Upcoming Signals Overview (June 13 ~ June 17, 2011)
- Upcoming Forex News Trade Forecast For August 1 ~ 5, 2011
- Upcoming Signals Overview (March 21 ~ 25, 2011)
- Upcoming Forex News Trade For August 8 ~ 12, 2011
- Daily Forex Market Review 09/29/11
- Daily Forex Market Review 09/28/11
- Upcoming Forex News for May 23 ~ 27, 2011
- Forex Market Weekly Analysis March 22, 2010
{ 18 comments… read them below or add one }
I appreciate a lot receiving your newsletter which i read with attention .The point is that the essential of the analysis is expressed in few sentences and facilitate the comprehension of what is going to be played and thus clarify a lot the way to take a trading decision.
TANX FOR UR ANALYSIS,I HAVE PROBLEM WITH TIME ZONE,PLS HELP ME OUT.I AM FROM LAGOS IN NIGERIA.
What trade AU trade on August 31, 2010 9:30pm EDT Triggered 80+ Pips? Was there a mkt alert in the trading room? The limit buy 0.8958 sent via SMS was not filled and canceled one hour later.
Regarding “pre-news recommendation on BUY for the AUD/USD before the GDP release,” the recommendation was made after AU had traded the bottom 0.8860 (price was around .8895 when recommendation was made in case it traded again the low of the day). So am I missing something?
Joao I am analyzing the market reaction based on the analysis provided in this blog. There is a potential of picking up 80 pips with absolutely best entry. I’ve never said we picked up 80 pips. As a matter of fact, realistically 102 pips for the week should be doable.
Hi Henry, Do you offer forex managed account services ? if yes, what is the minimum capital, minimum returns,
profit shares ?
Not at this time, Raj.
Henry! Holy cra*! Just started using the Newsprofiteer meter! Makin’ money everyday now. You rock.
Mr. Liu,
With all respect, I am trying to learn something from you, but i receive different signals.
Here, you post about AUD/USD GDP pre-news sentiment, in which i agree it is Fundamental Sentiment trading.
But, in another post, you support that this event is a Retracement method, and MAYBE pre-news one.
Is there any explanation?
Thank you,
Pre-news and after news. Two different things.
-August 31, 2010 9:30pm EDT – AU GDP q/q – Retracement Trade after the release. This is a q/q number and there may be a possible sentiment trade to BUY AUD/USD prior to the release… however, the overall market is turning for AUD, therefore we may use this opportunity to sell into the rally.
- Weekly Outlook, August 31, 10kto1MM.
As far as pre-news trading, I’ve made a pre-news recommendation on BUY for the AUD/USD before the GDP release. If you got in as close to the bottom of the range, which is around 0.8860, you’d have made about 150 pips before the news release, and if you held on to the trade, you’d probably see 315 pips by Thursday.
Henry Liu: SELL AUDUSD 0.9205, SL 0.9305, TP 0.8850 -
Henry Liu: CXL AUDUSD Trade
Unfortunately, I see two different points of views for the same event….
the key point is to sell into the rally if we see a rally. However, we should follow the market to the top and sell into it.
Please do not post any proprietary analysis on this public blog. The best way is to email me or my support team.
Thanks Henry
first time at trading news and made 35 pips on the AU.
Your way makes sense
Keep up the good work and thanks again
Mark
hi
the week wasnt bad at all.
at least l made about 370 pips in all.
thanks to liu.
dear sir your suggesting very accurated thank you
Yes was able to make pips!
I do understand how hard you work!
Thank you.
All the best,
Ove
I did make 10 pip during nfp cause dont have gut to keep hold long. Im using metode that I watch from Mr. hendry video. Thank you
September 3, 2010 8:30am EDT – US NFP Employment No Trade (but analysis pointed to a perfect BUY trade on USDJPY which gave +80 pips)
Oh my Henry, we just found that USD/JPY pair 1 minute before the release the pair already rose +40 pips, I can’t hold to enter position, and just before it declined again I got wrong position, so I just cancel and cut loss.
How do you think?
Never trade pre-news like the way you are doing, that’s like gambling.