THE BAD NEWS FIRST
Last Thursday I sent out an email stating that if the US GDP came out lower than expected by .5% to go short and if it came out .5% higher than expected go long. This information was incorrect. Bottom line, I mad a mistake and typed the wrong thing. We traded the right thing in the live room but when I typed it out in the email I flat out put the wrong thing.
THE GOOD NEWS
The good news is it didn’t hit the trigger which hopefully kept everyone from entering based on the wrong information I sent out. For some reason I thought we were trading the UK GDP.
THE AWSOME NEWS
The new software was a huge success. I have people all over testing it and the speed was super fast. The software was set for the right direction etc and the release came out and hit our higher risk deviation level however there were those that entered on that information and did very well. To see a video of the live trade call software in action click on this link. www.forexmastermaker.com/vid/usgdp102706.swf
So that you know what you are looking at in the video I will briefly explain. The right column is for a buy signal and the left column is for a sell signal. The blue signals a medium risk trade which means it just missed my triggers and green means it hit my triggers. Watch how much time goes by after the signal comes up on the software before the market started moving.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have quite a few releases coming out however there are two that I will be focusing on. The first is the PCE Core which is expected at .2%. I would like to see around .2% in deviation. A higher number signals a sell and a lower number signals a buy.
What this means is if the PCE Core comes out at .4% I will look to sell the GBP/USD and if it comes out at 0.0% I will look to buy the GBP/USD.
I will also be watching the personal spending which is expected at .2%. This works the same as the other report, a higher number signals a sell and a lower number signals a buy .2% is a good trigger for this release as well. I will enter based on the Core PCE however if this release conflicts I will exit immediately.
Good Luck trading!!!
