This is pretty long but I wanted to explain what all went occurred On Friday. So if all you want is the trade call for tomorrow you can skip to the bottom to get that however I suggest you read everything maybe you will pickup a few nuggets of knowledge that will help your trading.. If you are member there is an important message at the bottom for you.
FRIDAY RECAP
Friday was an excellent day however despite the excellent performance of the RSS it was somewhat disappointing for myself. As you know we were testing my news RSS (Rapid signal Service ) and the auto click that automatically enters you into the trade with lighting speed.
THE CANADIAN RELEASE
The Cad was the first release we watched and I told everyone that If the cad had over 15k in deviation I would be trading. Well, the release came out way off from the expected and signaled a short. remember I said if it came out higher than expected by 15k than I was going to go short.
The release came out and I had it set up to bring me in on two stations. One was a demo and one was the currenex station I trade the managed account on live. The demo is what I use to do my charting on and also to broadcast to the conference room and it worked beautifully.
The trade happened so fast it caught me off guard. I checked the Dealing station to see what time it was when the trade came in and the journal shows zero zero in the seconds column meaning that I was entered before 1 second went buy. Your probably asking why am I so disappointed?
Well my live account did not get brought in. It seems that the software will only work on the primary monitor of a multi monitor setup. As Homer Simpson would say Doooppe! I will be changing that.ASAP. Besides that I am still very excited As I the speed that I was entered in on the demo was extremely impressive and I expect to do very well on the next trade.
To see a video of this trade and the actual time that the autoclick Executed the trade on the dealing station click the following link. www.forexmastermaker.com/vid/cadumploy11306.swf .
THE NON FARM
The Non Farm out of the use came out lower than expected by By a little of 30k which did not hit our triggers. I had told everyone That if it came out lower than expected it would be a long so why in The world did it go down? Good question. The answer is last month Was revised by a HUGE amount; almost 100k higher.
We did not trade this as a trade call and I stayed on the side lines because of the conflicting numbers however I was adamant about it being a short biased an many people went short based on the revision. In the video you can see the first thing I say is it’s a short biased based on the revision. And I just keep saying over and over again
It may sound very repetitive however when you are trading a report like this it is important for me to be very clear about what direction I think the market will move. The last thing you want is confusion. So here is the video to the Non Farm, this video is a little long but I wanted to keep some of the trade analysis that goes on in the live room. in the video. www.forexmastermaker.com/vid/usnfp11306.swf
OUR NEXT LIVE ON THE NEWS TRADE CALL
We have UK Industrial Production coming out at 4:30am eastern. The expected number is .1% and this can be a great trade. If you are a member I suggest you log in and go over the study that is posted. If you are not a member let me just tell you that this release has been very consistent about moving 30 to 45 pips with deviation over .5%.
If the market comes out higher than expected I will go long on the GBP/USD and if the release is lower than expected I will go short. to make sure I am clear if the release is .6% or higher this is a long and if it is -.4% I will go short. I have added an explanation of what this release is below. The explanation below is straight off of the Forex Factory website. www.forexfactory.com is a good resource for info on news etc.
Measures the total value of output produced by factories, mines, and utilities. A rising trend has a positive effect on the nation’s currency because high levels of production are a sign of a strong economy. Industrial Production reacts quickly to the ups and downs of the business cycle and can predict manufacturing employment, average earnings, and personal income.
MEMBER MESSAGE
We will be using a different conferencing software from now On. Please visit the members site for further instructions by Clicking on the Live Trade Call link. Do not wait until the last Minute to do this. If you did not receive a separate message With this notification please send an email to [email protected] and let her know you need to be added to the member list..
Good Luck trading!!!
