I wanted to recap what we did on the last live trade call and give you the criteria for two possible trades tomorrow.
The last trade call I sent out covered the US GDP report.
The plan for the US GDP was to go long on the GBP/USD if the release came out lower than expected by .4% or more.
The actual deviation was -.1%, so it did not trigger our safe trigger.
To see the video of this trade click on the following link:
OUR NEXT LIVE ON THE NEWS TRADE CALL
We have a promising trading day coming up tomorrow, with two opportunities for traders to take advantage of.
Both of tomorrow’s trades have produced good results for our traders in the past.
First we will have the UK Gross Domestic Product (GDP), which is expected at .7% and will be released at 4:30 am Eastern.
A higher than expected number would be good for the GBP and would signal a long on the GBP/USD. A lower than expected number would be bad for the GBP so that would signal a short on the GBP/USD.
I would like to see around .2% in deviation to make sure that this is a good mover. In the past we have seen moves of
60+ pips with this deviation and higher. In 2007, we have had this report hit our medium trigger of .1% three times and
provide moves of 18 to 50 pips. To see the video from the March UK GDP report, click on the following:
Second we have the Canadian GDP that will come out at 8:30 am Eastern. The Canadian GDP is expected to be .2%,
and we will look to trade the USD/CAD. I would like to see a deviation of .3% or more on this news release.
The last two months we have had this report hit our medium triggers and provide moves of 17 and 72 pips. To see
the video from the April Canadian GDP report, click on the following:
Good Luck!!!!
