OUR LAST LIVE ON THE NEWS TRADE CALL
The last release we were monitoring for a possible trade was the UK Industrial Production which sadly missed our triggers so we did not trade it. However we did cover some good info on trading using support and resistance. I think you may learn something about target selection and the price action off of the targets we had selected. To see the video follow this link.
www.forexmastermaker.com/vid/ukindustrial/ukindustialpr2707
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have a couple of different release to watch both of which could provide for some nice profits if our triggers are struck.
The first release we will watch is at 4:30 am eastern. The UK Trade Balance which is expected at -6.9 billion. I would like to see around .5b in deviation to trade this release. A higher than expected number signals a buy and a lower than expected number signals a sell. I will be trading the GBP/USD. I will also watch the Total Trade Balance but do not expect to see a problem out of it.
The next release which I am very excited about is the Canadian Employment Figures which are expected to be 13.5k. I will be looking for around 15k in deviation on this trade. What this means is that if the actual number released is 28.5 or higher I will go short on the USD/CAD and if the actual number is -1.5 or less I will go long. Keep an eye on the Unemployment figures as well. This is the opposite; a higher number is a buy and a lower number is a sell. This data is being released at 7am eastern.
This is becoming a mini non farm as the market frequently moves 50+ pips on this release. To see a video of the last Cad Employment trade follow this link.
Good Luck trading!!!
