Today is the job report day (non-farm payroll Nov 07) for both US and Canada. It is the most important economic event of the month.
Today's price action (i.e strength begets strength) has played right into the strength of my latest software companion.
First, let's look at the USD/CAD. Straightforwardly, the CA job report favoured the sell signal issued by the forex killer software with a 100-pip move.
For GBP/USD, it's slightly tricky as the US job report came out strong and immediately against the system's buy signal. However, the market was resilient and quickly bounced off from the low and it scored another 60 pips at the end.
Tony Juste at FXstreet explained today's extraordinary NFP reaction in his weblog:
Related posts:
How to Cope With Price Volatility and News Event
Trading the News via Forex Killer
Today's price action (i.e strength begets strength) has played right into the strength of my latest software companion.
First, let's look at the USD/CAD. Straightforwardly, the CA job report favoured the sell signal issued by the forex killer software with a 100-pip move.
For GBP/USD, it's slightly tricky as the US job report came out strong and immediately against the system's buy signal. However, the market was resilient and quickly bounced off from the low and it scored another 60 pips at the end.
Tony Juste at FXstreet explained today's extraordinary NFP reaction in his weblog:
... is a clear example of what momentum trading means. We should've expected a good USD behaviour today, and indeed the initial reaction pointed in that direction, but at this very moment, what we see is not more and not less than just a poor soul (USD) left at the mercy of his enemies.So the dollar woes continue..but it was a job well done by the forex killer signal software.
Related posts:
How to Cope With Price Volatility and News Event
Trading the News via Forex Killer
7 comments:
Hi Lloyd,
I'm very new to forex trading and would really appreciate some of your advise/recommendations in the following areas:
1. What would be a good charting package to use?
2. A good broker that you have good experience and can highly recommend.
3. I'm also interested with killer forex and would like to test drive the software. How's your testing by the way?
4. About the Forex killer is there any other places where you can download price data aside from meta trader?
Thank you for your help.
Leo
Hi Leo,
1)I would recommend Metatrader charting package wholeheartedly.
2)There are plenty of forex brokers around. I would normally stick to those who offer tigther spread.
3)Live testing becomes more interesting after the recent software upgrade. New features + improved signal algorithm have been included.
4)Yes, you can download price data from trade station, dealbook360, etc.
Hi Lloyd
thank you very much for the very interesting and comprehensive blog on forexKiller!
I was wondering about the screenshots that you provide as I noticed that they are quite different from those shown on the original product web site. Can you pls explain why this difference?
Thank you!
ench0
Encho,
The screenshot was from the initial software version. And not long ago, the software developer has updraded the software algorithm & features plus giving it a new look.
hi lloyd,
- Are you using the last version of forex-killer or any version ? since the logics/algorithms have changed..as per the discussion with andreas..
- What strategy do you use to get profits ? since daily trends and signals hardly match as per daniels strategy in forex-killer manual..
- Do you only use forex-killer signals to trade ?
If you want you can answer on my email - admin@micromann.com
you answer will be appreciated..
thanks
viral
I am using the latest version. Feel feel to browse thru my various trading strategies here.
Lloyd
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