Download these News Trading Cheatsheets by Henry Liu FREE. These News Trading Cheatsheets give you all the major news releases that you can trade profitabily. Discover Henry Liu’s 10K to 1MM Trading Formula. Learn how to turn your $10,000 into $1 million from Henry Liu. Trade live with him. Get these Forex Scalping Cheatsheets plus the 10X Scalping System FREE. These forex scalping cheatsheets give you five different ways for scalping the currency market. Henry Liu, The NewsProfiteer: We all know that the reason EURUSD went above 1.4000 is because of the FOMC talks on QE2. Well, this is the Meeting Minutes of that “talk” which started all these. I think it is very important, don’tyou? I believe we are looking at the early part of a trend change for USD and we may get an excellent opportunity to take advantage of the longer term trend… read my post for more detail:
I’ve put together a 3 part series webinar covering everything there is to know about Forex News Trading. This webinar series talks about 3 news trading methods (Spike, Retracement, Pre-news), 3 news trading scenarios, and Advanced Pre-news trading strategies…if you haven’t had a chance to watch it, just go ahead and follow the link below – there is no cost for this special course, just my way of saying “Thanks” for being my newsletter subscriber.
[NEWS Trading Course]
I’ve put together a news trading course where I explain in detail what are the 3 news trading methods, what are the 3 trading scenarios, and how to take advantage of pre-news market trends. This 3+ hour long course (in 3 parts) will definitely open your eyes if you plan to trade the news… (Note: Video 1 is basic, Video 2 is intermediate, and Video 3 is advanced, even if you’ve been trading news for years, trust me 🙂
Tuesday, October 12 2010
[4:30am NY Time]
We’ll be trading the UK Consumer Price Index (CPI) release at 4:30am NY Time today. We’ll be looking at the yearly release figure and the market could react with lots of volatitility as CPI is the basic measurement of Inflation, therefore expect to see more exaggerated moves if we get a huge surprise release. Here is the forecast:
UK CPI y/y Forecast 3.1% Previous 3.1%
ACTION: GBP/USD BUY 3.4% SELL 2.8%
The Trade Plan
We are looking for a safe deviation of 0.3% for SELL and 0.3% for BUY. If the Inflation number increases to of 3.4%, which is above BOE’s inflation target, we will BUY of GBP/USD. If the Inflation number decreases to 2.8% or less, we’ll look to SELL GBP/USD. Historically, even with a slight difference of 0.1%, market usually overreacts. If our deviation is hit, there is a strong possibility that the market will move 50 pips immediately. We’ll be looking to trade this release using my after-news retracement method. We’ll wait for the release, wait for market spike, then wait for a decent retracement before jumping in.