The last trade call I sent outlined my plan for the US GDP. The plan was to go long if the US GDP came out lower than expected by.4 or more. Our target was struck and a good move followed.
We did have some conflicting data so we called a early close however myself and some of the more aggressive traders stayed in but still ended up getting out around the same place as those that exited early.
It really excites me as I read through the transcripts and see how much money some people are making. We had one individual that cleared a reported 67k in a week as seen in the transcripts below the video found at the link below. To see the video of this trade and the transcripts from those that got in on this trade click the following link.
www.forexmastermaker.com/vid/usgdp42707
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have data coming our of the US and Canada at the same time so there is a good possibility that we will get a trade on one of these releases. The US Data that we will watch is the US Core PCE and the US Personal spending.
The Core PCE is expected at .1 and the Personal Spending is expected at .5. I will look for .2 in deviation on both of these releases and will lean more towards the Core as the main focus. For the US data I will be trading the GBP/USD and a higher than expected number will signal a sell and a lower than expected number will signal a buy.
The next piece of data that we will focus on is the Cad GDP which is expected to be released at .2. I will look for around .3 in deviation on this release to signal a trade. If the GDP Is higher than expected that will signal a sell and if it is lower Than expected it will signal a buy.
I will be trading the EUR/CAD instead of the USD/CAD to Dodge any conflicts that may arise from the US data. Both Of these releases are set for 8:30 am eastern.
If you have my RSS software you can trade both of these at the same time so no need to choose between them however if you are trading using a less advanced software or are trying to trade manually I would suggest choosing one to focus on.
Things to consider when choosing which one to trade would be the spread on the EUR/CAD leading up to the release of the data. You may not have the EUR/CAD on your station in which case the decision is quite easy. Keep in mind that there are more components to the US trade than the CAD trade so the Cad trade may be a little more cut and dry.
Good Luck!!!
