I am sorry for getting this out so late but I was at church function and it ended up going later than I anticipated. For those that have just recently signed up I will recap our last trade before covering the next trade.
OUR LAST LIVE ON THE NEWS TRADE CALL
The last release we were watching was the UK Retail Sales and the plan was to go short if the number came out lower than expected. The expected number was .2 and the actual number was negative 1.8 which was way lower than expected so we were able to go short and make a nice chunk of change. To see the video of this release and get an idea of what kind of profits were made follow this link.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have the Canadian CPI Core coming out and the expected number is .1%. If the actual number released is higher than expected I will go short on the USD/CAD and if the actual number is lower than expected I will go long. To trade this release I will look for .2% in deviation.
In addition to the CPI Core number I will also watch the CPI regular monthly number. This should not have as much of an impact however it is important to be aware of the other factors. If it conflicts by two much I will watch the market closely for any signs of reversal and close at the first indication of a whip saw.
Good Luck trading!!!
