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Alg · 09-05-2008, 06:40

We still in USD/CAD 1/4 Long from 1.000, but beafor news put 15 pips stops to save ower profit, becouse..........At 7:00 a.m. we are going to have Canadian Employment Change. It is expected to come out at 10K, and the unemployment rate is expected to come out at 6.0%. This is a great indicator but it tends to pop really hard and really fast. If it comes out at 30K or higher, expecting 50 pips of a price action. If it comes out at -10K or lower, expect 50 pips move as well.

09-05-2008, 06:40	#30
Alg level 2 Join Date: Apr 2008 Posts: 311 Downloads: 0 Uploads: 0 Rep Power: 1	Re: ALG's FOREX.......... We still in USD/CAD 1/4 Long from 1.000, but beafor news put 15 pips stops to save ower profit, becouse..........At 7:00 a.m. we are going to have Canadian Employment Change. It is expected to come out at 10K, and the unemployment rate is expected to come out at 6.0%. This is a great indicator but it tends to pop really hard and really fast. If it comes out at 30K or higher, expecting 50 pips of a price action. If it comes out at -10K or lower, expect 50 pips move as well.