We didn’t have any trade today and I have already recapped Our last trade so I wont bore you with the details of that 100 plus pip trade ?. But if you missed the recap I will include the video link for you to watch. www.forexmastermaker.com/vid/cadretailsales22107
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have the UK GDP which is expected to be .8. For this release I will be trading the GBP/USD and would like to see around .1 in deviation. A higher number would signal a long and a lower number would signal a short.
In the past we have traded this with .2 as a trigger however the market has been very responsive lately to the data. If the trigger of .1 is attained than I will be looking for around 20 pips with the understanding that it could run. For this reason I will close half the position around a level of support or resistance that is around 20 pips away and hold out on the rest. If it starts to retrace I will close out the whole position.
If it exceeds our trigger and comes out .2 or higher which is unlikely we could have another big move. I wouldn’t advise using .1 without an auto click program of some kind.
Good Luck trading!!!
