I wanted to recap what we did on the last live trade call and give you the criteria for a possible trade tonight. The last trade call I sent out covered the US Retail Sales report last Friday.
For the US Trade Balance report, the plan was to go long on the GBP/USD if the release came out lower than expected by 0.5% or more from the expected number. The actual number came out with a deviation of -0.6%, so our trigger was hit and we had many traders who made from 8 to 30 pips. To see the video of the trade click on the following link:
TRADING OPPORTUNITY TONIGHT!
I have had many traders request triggers for AUD and NZD trades, and so I have started implementing new trading opportunities based on this feedback. Last Thursday I told you about the NZD Retail Sales report that came out Thursday evening. I had posted a safe trigger of 0.3% for that release, and the actual number came out with a +0.7% deviation. We had many traders tell us they made some good profits on that trade. Below are some of their comments:
{matt} very good new zealand trade {Matthias,_C} I was trading the NZD on ****. They were not raising the spread at all. I guess they just forgot. I made approx. 11 pips as I was very cautious. Execution on 2 stations equalling 100% {Jeff} made 13.8 pips NET on NZD last night {markus<DE>} 22pips {zeenat} made 23 pips {matt} 12 pips {Don_C} I made 18 pips. {Matthias,_C} 22 pips was not even there to take 🙂 {Colin_RJ<PT>} 20 pips on NZ thanks {Jennifer_L} 11 & 16 pips on the NZD. nice {brian} made 15 pips last night, 1 out of 4 accounts executed {veet<EN>} 13 pips {max} Made 20 pips on NZD. First trade. Worked very well. {zeenat} ****** in at 43 out at 66 23 pips {Maris<LV>} 15 pips on NZD {SB} 12 pips on avg {Barry_B} I got in in **** mini and ***** **** on the NZD trade and made about 15 pips {zeenat} thanks for the triggers {janng} 22 pips on New Zealand trade
There is another NZD news release coming out tonight at 6:45 pm EDT. The NZD CPI report is coming out, and we will focus on the quarter-to-quarter figure. The expected number for this release is 0.8%. I have set a safe trigger on the RSS for this news release for a deviation of 0.3%. We have seen moves of 30 50 pips on this release with even smaller deviations. I will not have the Live Trade Room open, but I wanted to make you aware of this potential trade opportunity.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next Live on the News trade call will be on the UK Core CPI on Tuesday at 4:30 am EDT. I will send out another e-mail tomorrow regarding that trade call.
Good Luck!!!!
