Upcoming Signals Overview (Sept. 6 ~ 10, 2010) - by Henry Lui

Hello folks:

Here are the news releases that we’ll be trading this week. I’ll be sending you a more detailed analysis usually a day ahead of their schedule. Thanks.

Tue September 7, 2010 12:30am EDT – AU RBA Interest Rate
Wed September 8, 2010 9:00am EDT – CA BOC Interest Rate
Wed September 8, 2010 10:00am EDT – CA IVEY PMI
Wed September 8, 2010 9:30pm EDT – AU Employment Change
Thu September 9, 2010 7:00am EDT – UK BOE Rate Decision
Fri September 10, 2010 7:00am EDT – CA Employment Change
And of course, we do have several untradable yet high impact releases scheduled for the week:

Thu September 9, 2010 8:30am EDT – US & CA Trade Balances – Market seems to ignore this release, therefore it’s better we stay away from them.
Thu September 9, 2010 8:30am EDT – US Unemployment Claims – Market is getting used to this release and we rarely see any significant push.
Fri Septermber 10, 2010 4:30am EDT – UK PPI – Even the CPI release out of UK is losing its appeal to move the market, much less the PPI.

Looking at the overall market sentiment and the fact that we’ve gotten a nice positive surprise in the US NFP release last Friday, it’s entirely possible that we are staring at the early stage of trend reversal, one that would push USD and JPY lower as concerns over double-dip recession subsides. Some big name analysts are now switching their position and unwinding their USD longs brought upon by the exaggerated demand for safe-haven instruments during the last few weeks as concerns over recession was exacerbated by Bernanke’s dovish stance and the possibility of a second round of stimulus, better known as quantitative easing.

What was changed this week from last week is, time. We now have time to wait and see. Big Ben won’t have to make a decision to start codename QE2 (Quantitative Easing Round 2) yet, and if jobs market shows resilience in recovery, evidenced by the next NFP release (one is a fluke, two could be a trend), Bernanke could very well wait until next year before undertaking such a measure, and the very fact that Feds might be delaying the controversial QE2 program, is in itself a positive message for Risk Appetite.

Therefore, I expect to see some general sentiment moving it that direction this week. Although it is still at early stage of a trend reversal, which by definition is prone to fake moves, I’d advice everyone to watch the development in EURUSD and USDJPY for more taletelling signs.

As far as weekly trends for the week, I am biased towards further risk appetite sentiment, but I do understand there are risks to assume direction this early in the trend reversal stage. Perhaps we should see a more defined market next week so that we can take advantage of it.

Understand that he is coming out with another new site - "10K to 1 mil in 12 months". Wow....that is POWERFUL and I would be damn happy if I can made double my 10K in 12 months haha! Frankly....I won't dare to say that it is not possible as there are some lucky souls who will make it with their trading. Look at POWER-UP site, they also claimed some newbies who made tens of thousands in a short period of trading. Beginner's luck????
Not likely....maybe they have better in-sight and luck during their trades.
I too had a huge run early June....then end-up loosing most of the profits when I added more technical stuffs and changed my trading method. Too much changes until I lost how to enter and exit a trade....and managed to win only small profits while end-up loosing "big losses". Well...I will monitor Henry's new site and his methods when it is out.