Forex News Trading and Currency Training Analysis Video
Manufacturing PMI is a leading indicator and it’s usually released during early month. Traders pay attention to this release for surprises as this survey may help to shape the general trend of the market. Here is the forecast:
4:30am (NY Time) UK Manufacturing PMI Forecast 57.1 Previous 57.5
ACTION: GBP/USD BUY 59.1 SELL 55.0
We’ve only got 4 tradable news releases this week and here are the results:
1. Tue July 27, 2010 (9:30pm EST) AU CPI q/q – SELL trade triggered – Dropped 88 pips within the hour.
2. Wed July 28, 2010 (5:00pm EST) NZ RBNZ Cash Raten – No Trade
3. Fri July 30, 2010 (8:30am EST) US Advanced GDP q/q - No Trade
4. Fri July 30, 2010 (8:30am EST) CA GDP m/m – No Trade
I just wanted to share this video from the Australian CPI q/q release on 7/27, this is a news event that could change the long term trend for the AUD.
Far too many traders focus just on the technical aspect of trading, and those who do news trading, only focus on the short-term, or the first 30 minutes after the release. But the real potential for a news release such as the CPI is the long term effect, and it could generate hundreds of pips in the next few days/weeks. (Even if AUD/USD remains resilient, at the time of writing this analysis, AUD/USD has already dropped below the 0.8900 once, giving up at least 50+ pips of profit from my original entry.)
Hey folks:
Henry Liu here again with an overview of upcoming high impact tradable releases for the week. As usual, I will be sending you more detailed analysis on each release about a day before their schedule.
So following the tradition, let’s look at what took place before last week:
EUR Gained 2.5% Against USD
GBP Gained 1.5% Against USD
CAD Lost 2.0% Against USD
AUD Lost 1.0% Against USD
NZD Remained Unchanged
JPY Gained 2.0% Against USD
CHF Gained 0.5% Against USD
We’ve got several trades this week that worked out according to my signals. I hope you were able to make some pips, I certainly did 
Here are the results:
NEWS TRADING
1. Tue July 20, 2010 9:00am EST (NY Time) CA BOC Overnight Rate- No Trade.
2. Thu July 22, 2010 4:30am EST (NY Time) UK Retail Sales m/m – No Trade
3. Thu July 22, 2010 8:30am EST (NY Time) CA Core Retail Sales m/m – Buy Trade Triggered – Up to 35 pips of profit
Today has been a tough day as I was literally glued in front of my PC trading… we don’t get FIVE tradable news everyday.
Anyways, I hope you did well, I picked up couple hundred pips on JPY pairs, as a matter of fact, I timed the entry on GBP/JPY right around 130.80, and if you were watching the market, you’d know that right now GBP/JPY is around 135.00 level…
Just uploaded a video from the last Friday’s live trading session (3/26/10)
with my Mastermind Mentoring class. In this particular session I shared some of
the most important principles of my trading system, including the importance of
fundamental news, market perception, support/resistance levels, market timing,
market cycle, and much much more.
This is an example of what I do almost everyday, and I think in this particular
session I was able to pack tons of information in just about 18 minutes. If you
like this video, please write your comments below. I’d love to hear from you.
The plan for Existing Home Sales release from U.S. will be the typical retracement trading method, where we’ll wait for the release and then wait for a decent retracement before getting into a trade. … [Read More...]
[flv:http://www.newsprofiteer.com/100709-auemployment/100709-auemployment.mp4 480 360] 8:30pm (NY Time) AU Employment Changes Forecast -9.7 Previous -21.1K ACTION: AUD/USD BUY +15K … [Read More...]
[flv:http://www.newsprofiteer.com/101309-ukcpi/101309-ukcpi.mp4 480 360] 4:30am (NY Time) UK CPI y/y Forecast 1.3% Previous 1.6% ACTION: GBP/USD BUY 1.5% SELL 1.1% Our surprise factor … [Read More...]
4:30am (NY Time) UK CPI y/y Forecast 1.8% Previous 1.5% ACTION: GBP/USD BUY 2.1% SELL 1.5% Today we’ll focus on the CPI release once again out of UK and … [Read More...]
8:30am NY Time ECB Chairman Trichet Press Conference ACTION: N/A We’ll be participating ECB (European Central Bank) Chairman Jean-Claude Trichet press conference today and he is going to be releasing the … [Read More...]
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Manufacturing PMI as this release is targeting the Manufacturing sector. As a leading … [Read More...]
7:00am NY Time CA Employment Changes Forecast 10K Previous 30.6K ACTION: USD/CAD SELL 40K BUY -20K Today's high impact news event aside from the NFP will be … [Read More...]
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