OUR LAST LIVE ON THE NEWS TRADE CALL
The last trade call I sent out covered two releases. The first One was the UK Trade Balance and I had said to go Long if the number came out higher than expected by .5b and the actual number came out over .7b higher which hit our trigger for a long. This release didn’t react as nice as I would have liked however we did pick up around 10 or 15 pips. To see the video of this release please click on the following link.
The next release we were watching was the US Retail Sales and the plan was to buy if it came out lower than expected by .5. The release just missed our triggers coming out .4 lower than expected which signaled a higher risk buy and there were about 35 people that opted to trade with a lower deviation and got in this so there were some profits made however I didn’t trade it personally. To see a video of this release click the following link,
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow at 8:30am eastern we have the US CPI Core expected at .2%. The plan will be to go short on the GBP/USD if the actual number is .4% or higher and go long if the actual number is 0% or lower.
This release very rarely deviates by .2% however it is much safer to trade with .2. The regular monthly CPI is also being released at the same time and if both numbers come out deviating in the same direction you may be able to get away with .1 in deviation but if they conflict stay away.
Good Luck trading!!!
