On Tuesday, 09-07-10 at 6:00 AM ET. The EUR – German Factory Orders MoM was released.
The German Factory Orders reports are released on a monthly basis by Deutsche Bundesbank.
Click here to see this months “preview” post of this report.
Entered 1 trade of EUR/JPY – a winner!
Here is what happened:
EUR – German Factory Orders MoM stats:
Previous = 3.2%————–revised= 3.6%
Forecast = 0.6%
Actual = -2.2%
Here is how I was set up and what happened:
EUR-6-00AM-ET-09-07-10
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual——–forecast——–previous
______________0.6%_______3.2%
_____-2.2%____ 0.6%_______ 3.6%
Out at -0.7% or lower – SELL EUR/JPY
Out at 1.9% or higher – BUY EUR/JPY
Bad – “actual” came out lower then “forecast” by 2.6%
Bad – “actual” came out lower then “previous” by 5.4%
Here are the charts:
(EUR/CHF)
a one minute EUR/CHF chart
This currency pair EUR/CHF currency pair moved down for 16 minutes about 15 PIPS – right direction
Moved up next 11 minutes about 22 PIPS – wrong direction
(EUR/GBP)
a one minute EUR/GBP chart
This currency pair EUR/GBP- currency pair spiked down/up/down 1st 4 minutes about 5 PIPS/ 8 PIPS/ 3 PIPS
Ranged!
(EUR/JPY)
a one minute EUR/JPY chart
This currency pair EUR/JPY- currency pair moved down for 4 minutes about 21 PIPS – right direction
Ranged!
A winning trade
(EUR/USD)
a one minute EUR/USD chart
This currency pair EUR/ USD – currency pair spiked down 1st minute about 15 PIPS - right direction
Ranged!
(GBP/JPY)
a one minute GBP/JPY chart
This currency pair GBP/JPY- currency pair moved down 1st 3 minutes about 23 PIPS
Moved up for 51 minutes about 30 PIPS
(GBP/USD)
a one minute GBP/USD chart
This currency pair GBP/USD currency pair moved down 1st 3 minutes about 21 PIPS – right direction
Ranged!
The next scheduled release of this report is on Thursday, 10-07-10 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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