On Thursday, 02-04-10 at 6:00 AM ET. The EUR – German Factory Orders MoM and YoY were released.
The German Factory Orders reports are released on a monthly basis by Deutsche Bundesbank.
Click here to see this months “preview” post of these reports.
I had 2 small winning trades that day with the currency pair EUR/USD.
Here is what happened:
EUR – German Factory Orders MoM stats:
Previous = 2.8%
Forecast = 0.2%
Actual = -2.3%
Here is how I was set up and what happened:
EUR-4-00AM-02-04-10
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual———-forecast———-previous
_____-2.3%______0.2%________2.8%
_____-2.3%______ 0.2%_______ 2.7%
Out at -1.1% or lower – SELL EUR/USD
Out at 1.5% or higher – BUY EUR/USD
Bad – “actual” came out lower then “forecast” by 2.5%
Bad – “actual” came out lower then “previous” by 5.1%
Bad – “actual” came out lower then revised “previous” by 5.0%
Here are the charts:
a one minute EUR/CHF chart
This currency pair EUR/CHF – ranged!!
a one minute EUR/GBP chart
This currency pair EUR/GBP- ranged!!
a one minute EUR/JPY chart
This currency pair EUR/JPY- moved up for 15 minutes about 19 PIPS after a small 2 minute down move – wrong direction
Moved down next 6 minutes about 18 PIPS – right direction
a one minute EUR/USD chart
This currency pair EUR/ USD – moved down 1st 2 minutes about 5 PIPS
Moved up next 5 minutes about 11 PIPS – wrong direction
Moved down next 20 minutes about 23 PIPS – right direction
Entered 2 trades – one was a winner, the other was a “break even”.
a one minute GBP/JPY chart
This currency pair GBP/JPY- moved down 1st 2 minutes about 7 PIPS
Moved up next 17 minutes about 23 PIPS
Moved down next 31 minutes about 41 PIPS
a one minute GBP/USD chart
This currency pair GBP/USD- ranged!!
The next scheduled release of this report is on Thursday, 03-04-10 at 6:00 AM ET.
I will probably post a “preview” a day or two prior.
Remember, “Past performances are not an indication of future results!
Stay tuned!
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