The last trade recommendation I sent out was on Friday of last week and it covered two separate releases. The first release was the UK Retail Sales which missed my triggers but some did enter using a lower trigger and picked up a few pips using the RSS. This trade had some conflicting date as well so most closed out rather quickly for a few pips. To see a video of this trade click the following link.
The next release I covered in my last trade call was the CAD Retail Sales and the plan on this one was to go short if the data came out higher than expected by .4 or more and our triggers was exceeded so this turned out to be a great trade that we were in and out of within not time at all.
We had reports of profits from 10 pips up to around 30 pips which you can see in the transcripts posted below the video of this trade. To see this video and read the transcripts click on the following link.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have a couple of really good opportunities. first we have the UK GDP which hardly ever deviates more than .1 and really doesn’t deviate at all that often. My plan will be to look for .2 in deviation for a safer trade however you can trade this with .1 just be very cautious and be ready to close immediately if the market starts to turn.
A higher than expected number will signal a buy on the GBP/ USD and a lower than expected number will signal a sell. This data will be released at 4:30 am eastern.
The next release has a couple of different components however The most important would be the Durable Goods excluding Transportation. The second release we will watch is the regular Durable Goods. The ex Trans. is expected to be 1.0 and in Order for me to trade this I will look for around 1.7 in deviation.
This report frequently has revisions so keep a close eye on that. if it conflicts by .7 and you see the market begin to take a turn then I would take my profits. I will be trading the GBP/USD and a higher than expected number would signal a sell and a lower than expected number will signal a buy. This will released at 8:30 am eastern
Good Luck
