I wanted to recap what we did on the last live trade calls and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered three reports last Friday.
First up was the UK Industrial Production. We focused on the year-to-year figure, and we were looking at a safe deviation of 0.4% for this release. The actual deviation came out with a deviation of 0.3%, so our trigger was not hit and we did not enter this trade. You can view the video of this trade at:
Second was the Canadian Labor Change report, and this was the report of the day. We were looking to trade with a deviation of 15k or more. The actual deviation came out at +17.8k, so we entered a sell on the USD/CAD or the EUR/CAD. We had many traders get in this trade and make 25-40 or more pips. You can view the video of this trade at the following link:
The last trade was the US Non-Farm Payrolls report. Our plan was to go short on the GBP/USD if the release came out higher than expected by 50k or more from the expected number of 125k. The actual number came out with a deviation of 7k, so our trigger was not hit and we did not enter this trade. To see the video of the trade click on the following link:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the UK Trade Balance report is released at 4:30 am EDT. The expectation for the main number is at -$6,600 Million. We will be looking for a deviation of $500 Million to trigger a safe trade. A higher than expected number would be good for the GBP and would signal a long on the GBP/USD and a lower than expected number would be bad for the GBP so that would signal a short on the GBP/USD. Last month we changed our safe trigger to $700 Million and we may do the same this month. If this is the case, we will change the trigger on the RSS. To see the video of last month’s trade, click on the following link:
Good Luck!!!!
