Today we were watching the US GDP and wanting to see at least .4 in deviation. The actual release came out lower than expected but only deviated by .1 so it was a no trade. as you can see from the video the market didn’t do a much at all so once again the RSS kept us out of what would have been a bad trade. To see a video of today’s trade follow this link www.forexmastermaker.com/vid/usgdp22807
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have two numbers that could potentially give us a trade. The first and the more important is the Core PCE and the second to consider is Personal Spending. The Core PCE is expected at .2 and a deviation of .2 will be my trigger. I don’t particularly like this trade as it is not the best mover so I will be a little conservative with my lot size.
The Personal Spending is expected at .4 and I will be keeping a close eye on this as well. I would like to see them both hit the triggers and be in agreement. If they conflict I will close the trade at the first sign of reversal. A higher than expected number signals a sell and a lower than expected number will signal a buy. I will be trading the GBP/USD and this data is released at 8:30am eastern.
Good Luck trading!!!
