OUR LAST LIVE ON THE NEWS TRADE CALL
The last release we were watching was the UK CPI and the plan was to go long if it came out higher than expected by .2 and our trigger was hit however the move was short-lived so I personally only got one PIP out of it. There were reports of as much as 11 pips. We had a few reports of breakevens and couple of minor losses. To see the actual trade follow this link.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have US CPI ex Food and Energy m/m which is expected to be released at .2. I would like to see around .2% in deviation meaning if it comes out at .4 or higher I would go short on GBP/USD and if it came out 0 or lower I would go long on the GBP/USD. I will also keep an eye on the regular monthly figure for conflicting data.
This has been a good mover in the past and I would expect to see around 30 to 40 pips move if our triggers are hit. This will be released at 8:30 am eastern. Last month this was a great trade and I was actually testing the RSS multi station capability and tried to enter on 3 currencies across 2 dealing stations.
It worked out very well as you can see from the video below. The video is kind of long so if you want to cut past all the market analysis you can fast forward to around four and a half minutes in to see the actual trade. To see last month CPI trade follow this link
Good Luck trading!!!
