FOREX TRADERS

[livin1492]

Hey you People, News :)

This will be one of my last post on iHub concerning actual trading. I like TheForexClub site better. May as well use it right :). So if you are not a member... signup. Glance and Relentless have done a good job. They are probably still thinking of new innovative ways to enhance it.

Okay... these releases are the ones that will have an effect (mostly small) on the currency pairs. It is interesting to note, news released out of E-12 and Japan do not have strong affects on the pairs immediatly. Once I find out the reason for this... everything will probably be done moving!! GRRR!

*7/10*

- UK Producer Price Index Output/Input, House Price Index. These reports come out at 4:30AM Est.

*7/11*

- UK Trade Balance will move the GBP very nicely. It will be released at 4:30 Est. I hope to post my trade results on this trade. Hopefully it will be nice !

- Canada will be releasing Housing Starts, New House Price Index and have their Interest Rate Statement @ 8:15,8:30, 9:00AM Est. Housing Starts should move the Canadian Dollar nicely if off forecast by 10% or more.

- At 9:30AM I will also watch Trichet speak... doubt it will do anything.

*7/12*

- UK Claimant Count Change and Average Earnings Index +Bonus reports will both be released at 4:30AM Est. These two reports if both off forecast in the same direction will move the GBP easily 25-30 pips in the first minute. I am hoping Bloomberg gets the #s quick, I hope to trade this one.

- 8:30AM Est we have USA Trade Balance. Yes! Single report! If the number is $1Billion or more off of forecast I will certainly trade this report. Last month this report moved 45 pips in roughly 1min. I only captured 1/4... I hope to do significantly better this month for serious $$$.

- 8:30AM Est the Canadain Trade Balance will be reported. This will probably be less of a mover because of the USA Balance. I wont be able to trade both... RATS! I need two computers... and two brokers... and another person?? .

- 11:30AM Est Trichet will speak again. Again... I doubt this will move the market. However, I will set up a light straddle on both of his speaches this week. Last week when he spoke the market moved 30 pips in roughly 3-4 minutes. Those banks are always watching... kinda like Batman ; ).

- 9:30PM Est Australia will release both Employment Change and Unemployment Rate. Generally #s out of Australia do not tend to move the pairs as much as US, Canada, UK. However, they do fairly consistantly get good movement. I will look for vastly different numbers from the 10k forecast on the Change... if say -10k or + 30k.. I will trade this report with a light position. So if it does not move I can just cover for the 2,3,4 pip spread loss.

*7/13*

- 8:30AM Est the Unemployment Claims come out of the United States. I have seen this report move the market 5-25 pips. It is almost a coin flip. So I will basically watch for numbers well off the forecast of 320k. If the number is around 40k off I will trade the report.

- 9:30PM Est the Auzzies release their Trade Balance. This report moved 15 pips last month. If the numbers are moderatly off forecast I will trade it. Hopefully it will move so I do not need to take the 2-4 pip loss on spread.

*7/14*

- 1:00AM Est the Bank of Japan meet to announce their interest rate. Now.. this one will be sweet! If the Japanese do not raise rates... short heavy!! Use everything to go against the Yen. The whole world is expecting them to raise their rates. Though... this is where it gets interesting... how much?? The forecast is .25%... though nobody knows certain. I have heard .50bps rumors. That is why I will go with a straddle and a 15 pip stop loss. *** If your broker is not good at filling limits in a fast market ... hedge this report! *** Place a 15-20 pip stop loss on two JPY pairs. As long as you trust your broker (I hate that they are dishonest!) you will more than likely make solid pips after your bad pair is stopped out. I am actually considering this in accordance with my straddle. There will either be a SPIKE or a very fast move by the JPY. Then the trading kicks in... retraces and resurges... blah blah blah... you guys know how it all works better than I do . I aim at 25 pips in the first minute and 50 overall on this report. Hope you guys do well! Last three changed interest rates 2 out of the USA, 1 Euro have moved over well over 300 pips in the first hour after the report. Nearly 500 pips in the first day!

- 8:30AM Est the United States will release Retail Sales, Retail Sales Excluding Autos and Import Prices (phew). I wont trade this report. I don't like double reports (though they can be traded) let alone triples!! I will watch and trade it in my simulator just to try and build SKILLS (slurred voice).

- 9:45AM - 10:00AM Est the US will release Consumer Sentiment and Business Inventories. I have not seen these reports as of yet. I do not know the move if any they create. So I will just throw a trade in on my simulator to track movement.

A great week coming up... hope stuff is all off forecast. If so... this could be 200 pip plus week. Excellent.

Good tradin' folks!

Livin