Archive for the ‘Trading Signals & Strategies’ Category

Thank you for all the kind words regarding the CAD trade recap post.

8:30 AM EDT
US Core Retail Sales – change in the total value of sales at the retail level, excluding autos.
EUR/JPY

Well, as I mentioned in the weekly post, here is the problem. There are actually 3 releases at the same time: US Core CPI, US Core Retail Sales, and US Retail Sales. I think Core Retail Sales will carry a bit more weight assuming there is a large deviation, which there rarely is. No one really cares about the US CPI. But…. if it deviates by more than .1 then maybe there will be some that take a sudden interest. So we need to keep a close eye on it; one of 6 or 7 things you need to keep a close eye on all at the same time.

In February this came out at .1 and -.4 with a paltry 8 pip spike. In March it came out at .2 and 0 with a 7 pip spike. Hhmmm. In April we saw .2 and .4 with an 11 pip spike and quick retracement.

This really hasn’t been a very good trade lately, has it? If you are going to trade it at all, be VERY conservative on your lot sizes. You could easily get whipsawed.

ORACLE TRADER – Set medium to .7 and safe to 1. Trade 1/4 your normal lots on a medium and 1/2 on a safe. Nothing is really safe here.

STRADDLE V1.3 – If you choose to trade this, set maxSpread to maybe 6. I’d get out fast if there is a spike, and fast if there isn’t.

STRADDLE PRO – If you choose to trade this, set Buy/Sell Trigger to .4 and check the box. Use trade management and be quick to close out.