Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Get these Forex Scalping Cheatsheets plus the 10X Scalping System FREE. Discover Henry Liu’s 1K to 1MM Trading Formula! Henry Liu: I’ve decided to keep newsletter short and sweet. If you prefer to look at the numbers and get right on to trading, then you are going to love the new format. If you want more detailed analysis, you can always read them at my blog where I share a much more detailed analysis and sometimes with a pre-recorded video to get you familiarize with trading the news…
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NEWS TRADING
Tuesday, August 24 2010
[8:30am NY Time]
We’re getting the Core Retail Sales release from Canada today, and it is a high impact release which may change the short term trend of the market for CAD. Let’s look at the forecast:
Core Retail Sales Forecast 0.1% Previous -0.1%
ACTION: USD/CAD BUY -0.5% SELL 0.7%
The Trade Plan
I’m going to be looking for a deviation of 0.6% for this news. Since the forecast is at +0.1%, if we get a -0.5% or worse, it would be negative for the CAD and we’ll be looking to BUY USD/CAD; however, if the opposite is true, or a 0.7% of actual release, I’ll be looking to SELL USD/CAD. I’ll be looking to trade this release using my after-news retracement method. The idea is to wait for the release, wait for market to spike first, and then wait for a decent retracement before getting in. For a more detailed analysis including Market and Pre-News, please read:
[10:00am NY Time]
US Existing Home Sales is expected to decline from previous month as current market situation is adding more pressure to the housing sector. Here’s forecast:
Existing Home Sales Forecast 4.70M Previous 5.37M ACTION: USD/JPY BUY 5.10M SELL 4.30M
The Trade Plan
Because the Housing sector is one of the most important news events out of the US, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of the nation, and of the world, on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…
If our buy tradable deviation is hit, or 5.10M figure is released, we should look to BUY USD/JPY (or GBP/JPY) after the release. If our sell tradable deviation is hit, or 4.10M figure is release, we should look to SELL USD/JPY (or GBP/JPY) as risk sentiment should turn towards aversion.
We’ll be looking to trade this release using the after-news retracement trading method. We’ll wait for the release, wait for market reaction, and wait for retracement before jumping in. For a more detailed analysis including Market and Pre-News, please visit my blog.. Just a quick heads up…I’ve closed registration for 10Kto1MM formula 10 days ago and all of the seats were taken… After sorting out all of the duplicate orders and some cancellation requests ranging from emergency, personal reasons, or just plain old buyer’s remorse, a few more seats just became available… So I’m going to re-open registration for those who missed the last registration, and the doors will open again on Tuesday August 24, 2010 at exactly 12:01pm EDT. Registration will last only 12 hours, and will end at precisely 11:59pm EDT. I’ve also decided to keep 10Kto1MM at the bonus price because last time I changed price back to normal, for about 77 minutes, I’ve gotten over 40 phone calls and 120 emails requesting bonus price… So for the duration of this registration, I’d let everyone in at the same low price… I think it’s only fair.
Master these highly profitable Candlestick Patterns with this FREE 82 page Candlestick Guide. Download a FREE COPY of te Oracle Trader Market Prediction Software. Trade the fundamental news release with the NewsProfiteer Henry Liu.
Henry Liu: I’ve decided to keep this short and sweet. If you prefer to look at the numbers and get right on to trading, then you are going to love the new format. If you want more detailed analysis, you can always read them at my blog where I share a much more detailed analysis and sometimes with a pre-recorded video to get you familiarize with trading the news…
NEWS TRADING
Thursday, August 19 2010
[4:30am NY Time]
Today’s Retail Sales number from UK will be widely watched as this is a high impact yet tradable report. Here is the forecast for this release:
The Trade Plan
Retail Sales by definition is a direct measurement of consumer activities at the retail levels. A higher release is generally good for the economy, and better for it’s currency; a lower release is considered as negative for the economy and not good for it’s currency.
Our tradable deviation or surprise factor for UK Retail Sales is 0.6% to BUY and 0.5% to SELL. If our deviation is hit, we can expect the market to move at least 50 pips within the hour, with a historical accuracy of 74%. We’ll be looking to BUY GBP/USD if we get a 0.9% or better release, and SELL GBP/USD if we get a -0.2% or worse… For Live Video of last Retail Sales and more detailed analysis including Market, and Pre-news considerations:
NEWS TRADING
Wednesday, August 18 2010
[4:30am NY Time]
MPC Meeting Minutes is scheduled to be released today and since it is customary for BOE (Bank of England) not to release a statement along with its interest rate decision (2 weeks ago) where there were no changes in either rate decision or APF (Asset Purchasing Facility, UK’s quantitative easing program), today will be the first time for a glimpse into what took place during this meeting, here is the forecast:
UK MPC Meeting Minutes Forecast 1-0-8 Previous 1-0-7
ACTION: GBP/USD BUY (2 Vote For Hike) / SELL (2 Vote For QE)
The Trade Plan
We will be looking at the vote count today. If we get 2 votes for hiking 25 basis points, we should see some strengthening in the Sterling and a BUY GBP/USD trade should be justified. If we get 2 votes for quantitative easing, or to increase the currency APF from 200 Billion Pound, GBP should weaken and a SELL GBP/USD trade should be justified. Due to the nature of this release, you need to have a newswire or audio service in order to trade it. We should see a steady market reaction after the release and possible carry over to the NY Session.
Download this Forex News Trading FREE Report by Henry Liu. Get this powerful Forex Swing Trading End of Day Trading Kit by Bill Poulos FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade! Henry Liu on News Trading: I get asked this question a lot, and honestly I’ve to say there are 2 different answers on this:
1. News SPIKE Trading is pretty much dead, with brokers widening spread, delay execution,
and or just downright slip your entries, you’re lucky to break even after a high impact
news releases, let alone trying to make some profits…
2. News Trading however, on the other hand, is alive and well, and as a news trader and
fundamental analysis trader for over 5 years, I’ve to say that it’s still one of the best trading
methods in Forex that provides consistency and profits.
So the next question is, how to trade news properly while avoiding spike trading the news? The
answer is, Retracement Trade. Retracement Trading is to wait after the market has moved initially after the news, i.e. wait until the “spike” is over, and after the market retraces (or comes back) to a certain level you jump in since the market should make another attempt to retest the spike… And this usually take place if the release is strong enough to create momentum.
I think the toughest part of Retracement Trade is to calculate your entry, how long should you
wait? where should you enter? and where should you close the trade? Well, I just uploaded a video on my blog showing you what I do to calculate retracement on my live account everyday, and this video is from a actual trading session with my Mastermind Mentoring group on NFP Friday, April 2, 2010. No theories or hypothesis, but 100% facts backed by results.
Retracement News Trading Insight – Double Fibonacci Method
This video is just my way of saying THANK YOU! There is no obligation and you don’t even
need to opt-in. Just watch it if you got a few minutes to spare. I am planning a secret project to help new Forex traders, and I like to invite you to join this project once it’s available. So please help me out as I’ll be counting on you 
Bill Poulos: While researching new ways to save time trading Forex (without sacrificing pips), I kind of stumbled upon 2 ‘discoveries’ that may surprise you. The first one has to do with a ‘flaw’ in how 90% or more of Forex traders think about trading these markets. It’s deceptively simple…
-yet it led me to develop a pretty unusual technique around ’scalping’ the ’sweet spots’ of the best Forex markets.
Watch this brand new video I just recorded that reveals these discoveries, along with my unusual ’scalping’ technique. If you really, really enjoy staring at your computer all day long day trading every nook & cranny of the markets, then you might not like this video, because it shows you how to spend LESS time trading and MORE time ‘having a life’.
Read the story of Richard Samuels, a post office mailman with a head injury and how he made a fortune with these Neutrino Forex Signals. Download this Forex News Trading Report by henry Liu FREE. Get these Forex Scalping Cheatsheets FREE! Economic Reports are important for all markets but they are a way of life for the currency traders as well as the futures and options traders. Each individual market has its own set of reports which the traders pay special attention. But there are some economic reports that are prime catalysts for almost all markets especially the currency, bonds and the stock markets that stand at the center of the financial universe.
Gross Domestic Product, the Consumer and the Producer Price Index, the monthly Employment Reports, the FED’s Beige Book and the Institute for Supply Management (ISM) are some of the important economic reports that you should be aware of as a trader. You simply cannot ignore these reports. These economic reports are considered to be important trend setters in different markets.
As a trader, your world is highly dependent on the economic calendar. Economic calendar is the listing of dates when these important reports are released each month. Each month, these reports are released by different government agencies and the private sector. These reports are a major influence on how the financial markets move in general plus a source of cyclicality or the repetitiveness in the markets.
Not all reports are created equal. Some economic reports have more influence on the market than others. The most important reports that tend to move the markets a lot are the employment report, the Producer Price Index (PPI), the Consumer Price Index (CPI) and the FOMC Meeting Minutes.
The US Department of Labor’s NFP Employment Report is considered to be a major market moving report. It is released on the first Friday of each month at 8:30 AM EST. You should try to avoid trading at this time. However, there are many currency traders who now specialize in trading the NFP Report.
The release of employment figures is usually followed by frenzied trading that can last from a few minutes to the entire day depending on what the data shows and what the market was expecting.
The NFP Report becomes very important when the economy is shifting gears like the present when the US economy is coming out of recession. Market tends to develop an expectation about the employment figures and if the NFP report does not confirm with that expectation, it can make the market jittery for sometime before the importance of the release is digested by the market. Trader use the NFP report as one of the several important clues to predict the future of the interest rates.
Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Download this Forex News Trading Report by Henry Liu FREE. Get this Forex Swing Trading End of Day Trading FOREX-4 PACK Training Kit FREE. This is what Henry Liu says: I get asked a lot about my Currency Strength Meter and what are some of the best ways of using it. So I sat down last Saturday and made a 26 minutes video covering the 7 ways that I use my meter, and I hope this video helps you to understand it better…
7 Tips for Currency Meter
If you haven’t downloaded my Strength Meter yet, all I have to say is that this nifty little tool is free and it’ll compare 19+ currency pairs instantly and show you what’s REALLY going on in the market…I honestly can’t trade without it! If you just use it after any high impact news release, it’ll help you pick out the best currency pair to trade and add at least 30 pips (on average) to your trade. I get rave reviews on this tool and as my way of saying thank you for downloading (or going to download) my Strength Meter, I made this video specially for you:
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My Mastermind Mentoring Program Is Once Again Open For Registration:
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The other reason for this video is to celebrate the one and probably only opening of my Mastermind Mentoring program for the year 2010. I would really appreciate if you help me to get the word out…There’s only 50 seats available, so if you are interested, please let me know asap and I’ll reserve you a spot! You’ll get more details about the Mentoring course at the bottom of my Currency Meter video!
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Forex Torpedo is the only Forex robot on the market that gives the little guy a real opportunity to trade and make the same kind of profits as the biggest traders on Wall Street. However, this flagship EA is only available on a strictly limited offer basis. Luckily, I am one of the few guys who have been told about this offer, which means that I am able to present you with this one-time window of opportunity. Put simply, if these guys sold too many copies of this powerful robot, then it would give brokers an opportunity to counter its incredible effectiveness. This is why they are only able to put a measly 500 copies into the market.
All this means that only a handful of extremely lucky traders are going to get their hands on Forex Torpedo and the insane profits that are PROVEN to come with it… I really can’t stress this enough, once this flagship robot is gone, it’s gone. There really is no time to waste. Get to the launch page now and secure your copy of Forex Torpedo before other traders beat you to it!
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