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Re: ALG's FOREX..........
Tuesday, May 27th, 2008 (10:00 a.m. New York Time) U.S. New Home Sales which is expected to come out at 523K. This report can move the market so we can try to trade it. 20 to 30 K deviation should be enough to move . If we get 499K or lower, it should be shocking enough to enter short USD/JPY, expecting a move of 35 pips. So if it comes out at 571K or higher, I would buy USD/JPY and look for 35 pips pips as well.I'm using RSS.
Last edited by Alg : 27-05-2008 at 07:14.
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