Yesterday I said that I would be trading the UK CPI and a higher number would signal a long and a lower than expected number would signal a short. The CPI came out at -.1% instead of the expected 0%. This did not meet my criteria for a safe trade however it did signal a Medium Risk trade call which allowed for some to make profit on this trade. If you would like to see the video of this trade follow this link <a href=’http://www.forexmastermaker.com/vid/ukcpi81506.swf’>www.forexmastermaker.com/vid/ukcpi81506.swf. The second call we traded was the TIC data and I am very disappointed to say we have our first loss in the trade call room since mid May. This release didn’t pay out for many reasons. The first of which is the poor numbers on the PPI which were released just prior to the TIC data. This caused weakness in the dollar and started a long bias for the us session. I posted the video for this trade and as you watch it you will see that I was really adamant about the need for this trade to go long because of the existing pressure. So the first reason for failure was existing upward pressure. The second reason I believed this failed is combined with the pressure the release barely hit our triggers which were on the low end to begin with. The Third reason and one of the larger factors is the prior month was revised by 6 billion less which is almost as much as the deviation we had for the trade but it was conflicting. All in all this was a very dangerous trade and as you watch the video this is the first one I have ever decided to close a trade down this quick. unfortunately it wasn’t quick enough and the trade call room lost around 25 pips. You cant win them ALL. (Just Most Of Them) to see the video follow this link. <a href=’http://www.forexmastermaker.com/vid/ustic81506.swf’>www.forexmastermaker.com/vid/ustic81506.swf On to tomorrow. We have US CPI ex F&G coming out at 8:30 am eastern expected at .2%. A higher than expected number signals a sell on the GBP/USD and a lower than expected number signals a buy on the GBP/USD. I would like to see .2% deviation for a safe trade however .1% may be tradable using less lots. As usuall my safe triggers are historically good for around 30 pips. Best of Luck!!!
