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Daily Reports

-34.6K(E) -41.8K(P) 23K(S) 40M

...and some untradeable news

8:30am US Trade Balance
8:30am CA Trade Balance

E = Expected
P = Previous
S = Surprise Factor
M = Expected Movement in Pips if surprise factor is reached

I would recommend that you try our trade room for one session for
Free. Our flahship proprietary Fibonacci GRID will help you take
advantage of the market in any condition!

Yes, Sign me up for a FREE Trade Room Session!!!

TradeRoom Performance Estimate for Aug. 2007 is: 470 Pips
TradeRoom Performance Estimate for Sep. 2007 is: 160 Pips
TradeRoom Performance Estimate for Oct. 2007 is: 380 Pips
TradeRoom Performance Estimate for Nov. 2007 is: 95 Pips
TradeRoom Performance Estimate for Dec. 2007 is: 147 Pips
TradeRoom Performance Estimate for Jan. 2008 is: 356 Pips
TradeRoom Performance Estimate for Feb. 2008 is: 225 Pips
TradeRoom Performance Estimate for Mar. 2008 is: 637 Pips
Asian Trade Room Bonus Performance Mar. 2008 is: 1313 Pips
Trade Room Performance Estimate for Apr. 2008 is: 117 Pips
Asian Trade Room Performance for Apr. 2008 is: 405 Pips
Trade Room Performance Estimate for May 2008 is: 200 Pips
Asian Trade Room Pefromance for May 2008 is: 455 pips
Trade Room Performance Estimate for June 2008 is: 811 Pips
Trade Room Performance Estimate for July 2008 is: 1755 Pips
Trade Room Performance Estimate for August 2008 is: 2115 Pips
Trade Room Performance Estimate for September 2008 is: 3109 Pips
Trade Room Performance Estimate for October 2008 is: 2096 Pips
Trade Room Performance Estimate for November 2008 is: 3270 Pips
Trade Room Performance Estimate for December 2008 is: 1570 Pips
Trade Room Performance Estimate for January 2009 is: 2915 Pips
Trade Room Performance Estimate for February 2009 is: 2355 Pips
Trade Room Performance Estimate for March 2009 is: 3241 Pips
Trade Room Performance Estimate for April 2009 is: 2514 Pips
Trade Room Performance Estimate for May 2009 is: 1931 Pips
Trade Room Performance Estimate for June 2009 is: 2811 Pips

Trade Room Performance Estimate for July 2009 is: 538 pips

TRADEROOM RECAP

London Session:
JH hosts the London Open from the UK FXMoneyMap Studios.
With very little price action JH is tempted by GBP/USD but after seeing
perfect set ups in London collapse is cautious. His careful approach
pays off as he sees cable fall straight through the vanilla set up.
Gain of +0 pips

New York Session:
Andy hosts today's New York session from Malibu. After a very cautious
London session. Andy takes the bull by the horn in the New York
session. Andy delibrates for a bit until deciding to take GBP/USD long
on a vanilla set up. He could have taken 15 pips but was looking for
20. It then retraces and he holds. It keeps testing the resistances but
with no follow through has to take a loss of 23 pips

Andy looks for another entry on USD/JPY off the one minute boxess.
Admin takes it between the boxes. The moment he takes the trade,
USD/JPY turns into a snail while the market moves around it. Andy holds
as it never reachs his stop, at the time of the writing he is still in
for Break even

The Moderators had fantastic day posting 33 trades for a grand total of
172 pips.. (See transcript for details.) Total for the Sessions today
142

TRADEROOM LIVE VIDEO

New York:


NEWS TRADING (by Henry Liu)

I normally don't like to the Trade Balance reports, because they have
proven to be low impact and 5 out of 7 recent releases market failed to
move in the direction of the surprise. So it is better to skip these
news releases to avoid taking unnecessary risk in my opinion.

1. Friday July 10, 2009 (7:00am NY Time) UK

CA Employment Changes Forecast -34.6K Previous -41.8K

If the employment number is lower, we would BUY USD/CAD, and if
the employment number is higher, we would still BUY USD/CAD, but we'll
wait for market to settle, maybe about 45 minutes after the effects of
this news release wears out... This news indicator measures the
numbers of new jobs created during the previous month, however in this
case, we will see how many jobs were actually lost, and less negative
numbers mean better economy, but with the overall risk adverse
sentiment, it is better to plan for LONG USD trades.

Our surprise factor will be at least 23K. Historically, it has
moved the market by at least 40 pips if the surprise factor is hit
by at least 80% of the time.

One interesting comparison is the IVEY PMI on Tuesday, where the market
quickly ignored a better than expected number and turn into CAD bearish
rally... so we may see some correlation with today's release.

Webinar Invitation. (Special Message From Andy)

As you know, I host a live webinar everyday from Monday to Thursday
and I'd like to invite you to join one of my webinars if you haven't
already attended one. During the Live webinar I'll show you the
same tool that I use to trade during my years as an Interbank
trader, and at the same time share my market experience with you.

Many people who attended my seminars tell me that they learned a
great deal, and I have to admit that I am very happy to hear that.
If you just pick up one thing that I said during my webinar and
put it to use, it can either save you from making costly mistakes or
make you understand the market better and take advantage of that.

Because of the overwhelming number of requests that we have been
getting for the Live Webinar, we are asking all that requested
for access to be on-time; if for any reason you can't make it,
please let us know ahead of time so that we can give your seats to
someone else.

In addition to being on time, please also review our 37-step
tutorial, Past Webinars, and Online Brochures, it will help you to
get the most out of our webinars, since you will already be
familiarized of the terms that we use. Please click on the link
below to access our Video Library.
Read more...

Forex News 26-05-09

We don't have any tradeable news scheduled for tomorrow, as a matter
of fact, this week is pretty light on fundamental news releases;
however, one of the beauties of having our GRID product is the
ability to trade under any market condition, even during a week
such as this one.

I would recommend that you join our trade room and see how we trade
the market with and without tradeable news events. Our flahship
proprietary Fibonacci GRID will help you take advantage of the
market in any condition!

Yes, Sign me up for a FREE Trade Room Session!!!

TradeRoom Performance Estimate for Aug. 2007 is: 470 Pips
TradeRoom Performance Estimate for Sep. 2007 is: 160 Pips
TradeRoom Performance Estimate for Oct. 2007 is: 380 Pips
TradeRoom Performance Estimate for Nov. 2007 is: 95 Pips
TradeRoom Performance Estimate for Dec. 2007 is: 147 Pips
TradeRoom Performance Estimate for Jan. 2008 is: 356 Pips
TradeRoom Performance Estimate for Feb. 2008 is: 225 Pips
TradeRoom Performance Estimate for Mar. 2008 is: 637 Pips
Asian Trade Room Bonus Performance Mar. 2008 is: 1313 Pips
Trade Room Performance Estimate for Apr. 2008 is: 117 Pips
Asian Trade Room Performance for Apr. 2008 is: 405 Pips
Trade Room Performance Estimate for May 2008 is: 200 Pips
Asian Trade Room Pefromance for May 2008 is: 455 pips
Trade Room Performance Estimate for June 2008 is: 811 Pips
Trade Room Performance Estimate for July 2008 is: 1755 Pips
Trade Room Performance Estimate for August 2008 is: 2115 Pips
Trade Room Performance Estimate for September 2008 is: 3109 Pips
Trade Room Performance Estimate for October 2008 is: 2096 Pips
Trade Room Performance Estimate for November 2008 is: 3270 Pips
Trade Room Performance Estimate for December 2008 is: 1570 Pips
Trade Room Performance Estimate for January 2009 is: 2915 Pips
Trade Room Performance Estimate for February 2009 is: 2355 Pips
Trade Room Performance Estimate for March 2009 is: 3241 Pips
Trade Room Performance Estimate for April 2009 is: 2514 Pips

Trade Room Performance Estimate for May 2009 is: 1827 Pips

Webinar Invitation. (Special Message From Andy)

As you know, I host a live webinar everyday from Monday to Thursday
and I'd like to invite you to join one of my webinars if you haven't
already attended one. During the Live webinar I'll show you the
same tool that I use to trade during my years as an Interbank
trader, and at the same time share my market experience with you.

Many people who attended my seminars tell me that they learned a
great deal, and I have to admit that I am very happy to hear that.
If you just pick up one thing that I said during my webinar and
put it to use, it can either save you from making costly mistakes or
make you understand the market better and take advantage of that.

Because of the overwhelming number of requests that we have been
getting for the Live Webinar, we are asking all that requested
for access to be on-time; if for any reason you can't make it,
please let us know ahead of time so that we can give your seats to
someone else.

In addition to being on time, please also review our 37-step
tutorial, Past Webinars, and Online Brochures, it will help you to
get the most out of our webinars, since you will already be
familiarized of the terms that we use. Please click on the link
below to access our Video Library.
Read more...