I wanted to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered two releases that came out at the same time.
The first trade was the US GDP, and the plan was to go long if the release came out lower than expected by .4 or more. Our trigger was not hit so we did not enter this trade.
The Second release we were watching was the Cad GDP. We were also looking for a deviation of .4, but the actual number came out with a .2 deviation so it was a no trade. To see the video of the trades click on the following link:
Note: We lost the original audio on this trade and had to do a re-cap after the trade.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have US NonFarm Payrolls, which is expected at 130k and will be released at 8:30 am Eastern. A higher than expected number would be good for the US and would signal a short on the GBP/USD and a lower than expected number would be bad for the US dollar so that would signal a long on the GBP/USD.
I would like to see around 50k in deviation to make sure that this is a good mover. In the past we have seen moves of 40+ pips with deviations of this and higher. A good example is back in April of this year we got a 50k deviation and the market moved really well. If you would like to see a video of that trade and the transcripts you can click the following link:
Also tomorrow, we have the US ISM Manufacturing, which is expected at 54.0 and will be released at 10:00 am Eastern. Again, a higher than expected number would be good for the US and would signal a short on the GBP/USD and a lower than expected number would be bad for the US dollar so that would signal a long on the GBP/USD.
I would like to see around 1.5 in deviation to make sure that this is a good mover. If you would like to see a video of last month’s trade and the transcripts you can click the following link:
Good Luck!!!!
