Singing Pig

We have U.S. monthly CPI coming out.  There is two numbers, the core number and headline number.  My focus will be on the core number, which will exclude food and energy.  Core number is expected at 0.2%, and headline number is expected at -0.3%, mostly due to drop in oil prices.  If the core number comes out at 0.3% or higher, I may possibly go short on EUR/USD.  If it comes out at 0.1% or lower, I may possibly go long on GBP/USD.  Note that I picked these two different pairs.  Reason being is that I don't want to go short against the general trend up in pound, that's why if I go short, it would be in the EUR/USD.  If the number comes out as expected at 0.2%, I am not planning to trade it...however, it would probably be more good for the dollar than bad, because such number still signifies healthy economic growth, and inflation.  The higher the inflation, the bigger the chance for Fed to do another rate hike.

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FXhotdogstand,

I hope you know what you are doing. Forex trading is not simple as you make out in your post. Currency markets are one of the most 'efficient' markets in the world and they do not behave the way you describe, which suggests to me that either you are naive or are trying to mislead people. Even world famous economists have failed in predicting currency trends.

Kind regards,

I'm a big skeptic usually when it comes to forex sites.  But I'm going to have to side with fxhotdogstand on this one.  Yeah, true, the signal should not indicate that he knows everything...and yes, economic trading is difficult, BECAUSE it is pretty much unpredictable...at least in a  "one-strategy" sense.  I actually signed up for the secretforexsociety site, just to check it out.  If you want, just go ahead and use felix@forexbastards.com as a referral address.  Worked for me.

Fxtobe, thanks for the support  :)  Just wanted to say that we have monthly retail sales coming out of UK.  Expected number is around 0.3% or 0.4%.  If the number comes out at 0.6% or higher, I may possibly go long on GBP/USD.  If it comes out at 0% or negative, I may possibly go short on GBP/USD.  This particular report is usually good for about 30 pips, however it will depend where the GBP/USD is before the report.  If it still hangs around the 8670s area, like it is now, we may get a much bigger move to the upside.

www.secretforexsociety.com

Hmmmmmm.........

Do I detect a user with dual identities????

Trying to boost sign ups FXhotdogstand??

Amazing how the one person backing you up is in the same time zone as you: -5 GMT. That puts you both in the US?? For a UK forum?

Hmmmmmm.......

Yes, that is true we are in the same time zones...washington as a matter of fact  :)  I introduced iceFXcream to our site, and I guess he is an avid fan now.  What it actually just is, is a chatroom for traders to meet and discuss forex things.  We actually do have a lot of users from the UK that have signed up with the forexbastards signals.