OUR LAST LIVE ON THE NEWS TRADE CALL
Today we were watching the US CPI and the plan per the email that I sent out yesterday was to go short if the CPU came out less than expected by .2 or more.
Unfortunately the CPI was released as expected which did not warrant a trade however the regular CPI did come out higher than expected along with some other dollar positive news which can all be seen in the video. This inevitably resulted in a fall of about 60 pips. To see today’s trade follow this link
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow at 4:30am eastern the Retail Sale will be released out of the UK. This has a good history of moving the market 30+ pips on a regular basis so I am looking forward to this in hopes that it hits our triggers. My trigger for this release is .4 and in all honesty we could even get away with .3 however I am a more conservative trader so I will look for .4 in deviation.
A higher than expected number will signify a long position on the GBP/USD and a lower than expected number will provide an opportunity for a short position. The expected number for this release is .6. To clarify what I am doing I will watch for the number and if it comes out at 1.0 or higher I will go long on the GBP/USD and if it comes out .2 or lower I will go short on the GBP/USD. I anticipate at least 30 pips on this trade.
Keep and eye out for revisions as they are common place with this release. I will also watch the Retail Sales yearly figure however this will have very little affect on the trade unless it deviates substantially. This should be a great trade as it is not released with any other pieces of data so it should be cut and dry.
Unfortunately I only have a couple of videos from past retail sales but they will give an idea of the potential that this release carries. The first one is from a long time ago before we had the RSS with the auto click and the second one is from November; it’s amazing as I look back how far we have come In regards to the software.
To see how we used to do it follow this link
This is the RSS prior to the one we have in place now. This video is very long however you can fast forward to around three and a half minutes in to see the actual release come out.
Good Luck trading!!!
