I just wanted to drop you a quick email to update you on how things went on Friday and give you an idea of what we will be watching this week. I say quick however this email will probably be fairly long as this past Friday was very exciting so I have a lot to tell you about.
CAD EMPLOYMENT TRADE
First thing were watching on Friday was the Cad employment figures and the plan was to go short if the data was higher than expected by 15k or more and I have to tell you, boy was our trigger hit! The actual number exceeded the number that was expected by 46.6k which sent the cad barreling down.
It struck our first target almost immediately and I called a close on half the position and allowed the rest to continue on. Most got in at around 1.1780 with a few getting executed in the 60s which was still around 20 pips from our first target
Once it struck our first target it moved back up slightly however it managed to continue down striking our second target where it began to consolidate for a while. Bottom line was a good move that even at one lot paid out around $400 us in a matter of seconds.
You will notice that I was trading EUR/CAD in the video below. I was actually trading two currencies on two different stations which increases the chance that I will get execution. In this case I didn’t get in on the USD/CAD but I did get in on the EUR/CAD. I love technology. ? My entry was 1.5416 and my average close was 1.5472 for 56 pips
This video is very short as I was having trouble with the recording software which resulted in no audio on this video and not being able to record the NFP which brings me to our next release we were watching. The NON Farm Payrolls but first here is the video to the Cad Employment figures.
CAD Employment video, you will see the signal and Auto Click flash and immediately I am entered. Great Stuff
US NON FARM PAYROLLS TRADE
As I was saying the next release we were watching was the Non Farm Payrolls and the plan was to go short on the GBP/USD if it came out higher than expected by 50k or more. The actual number came out higher than expected by 67k and had additional support as last months number was revised up by 22k which further strengthened the US Dollar.
This was a very cut and dry trade which went for over 100pips. We didn’t take all this in the room however those that entered did very well. The majority of the profits reported were between 65 and 80 pips.
I personally used the multi click function and got in on the GBP and the CHF making money on both. I didn’t pick up as many pips on each of the individual trades because I was quicker to close them out in order to minimize the overall risk of managing two trades but between the two I was able to pick up around 100 pips total. My CHF entry was 1.2310 and my close was 1.2348 and the entry on the GBP was 1.9391 and the close on this was 1.9336.
So as you can imagine I am very excited about what happened on Friday as I picked up around 153 pips across 3 currencies and two dealing stations using the RSS. Next week we have some really good opportunities to profit. I have listed the releases we will be trading below.
The ones that have LOTN I will send you my recommendations on and the rest are releases that traders have requested we add and are available to those that are members of the live trade room to trade using the RSS and its auto click feature. I hope you had a great weekend and look out for my first trade call.
Good Luck trading!!!
Australia Retail Sales MoM Condition: Sell if Lower Release date: Jan 8, 2007 7:30:00 PM EDT Comments: Use your own triggers, set for AUD/USD
Australia Trade Balance Goods Condition: Sell if Lower Release date: Jan 9, 2007 7:30:00 PM EDT Comments: Use your own triggers, set for AUD/USD
UK Trade Balance in Goods SA Condition: Sell if Lower Release date: Jan 10, 2007 4:30:00 AM EDT Comments: LOTN set for GBP/USD
UK Trade Balance in Goods with Condition: Sell if Lower Release date: Jan 10, 2007 4:30:00 AM EDT Comments: Conf, set for GBP/USD
UK Trade Balance Value of Trad Condition: Sell if Lower Release date: Jan 10, 2007 4:30:00 AM EDT Comments: conf. set for GBP/USD
US Trade Balance Balance Of Pa Condition: Sell if Higher Release date: Jan 10, 2007 8:30:00 AM EDT Comments: LOTN, Set for GBP/USD
Canada Trade Balance Condition: Sell if Higher Release date: Jan 10, 2007 8:30:00 AM EDT Comments: LOTN, trading EUR/CAD
STCA Canada New Housing Price Condition: Sell if Higher Release date: Jan 10, 2007 8:30:00 AM EDT Comments: Use your own triggers, set for USD/CAD
Australia Labor Force Employme Condition: Sell if Lower Release date: Jan 10, 2007 7:30:00 PM EDT Comments: Use your own triggers, set for AUD/USD
Australia Labor Force Unemploy Condition: Sell if Higher Release date: Jan 10, 2007 7:30:00 PM EDT Comments: Use your own triggers, set for AUD/USD
UK Industrial Production MoM S Condition: Sell if Lower Release date: Jan 11, 2007 4:30:00 AM EDT Comments: LOTN, Trading GBP/USD
UK Industrial Production YoY S Condition: Sell if Lower Release date: Jan 11, 2007 4:30:00 AM EDT Comments: Confirmation,
UK Official Bank of England Re Condition: Sell if Lower Release date: Jan 11, 2007 7:00:00 AM EDT Comments:
ECB Minimum Bid Refinancing Ra Condition: Sell if Lower Release date: Jan 11, 2007 7:45:00 AM EDT Comments: Set for EUR/USD
US Initial Jobless Claims SA Condition: Sell if Lower Release date: Jan 11, 2007 8:30:00 AM EDT Comments: Use your own trigger, Set up for GBP/USD
NZ Number of New Dwellings Uni Condition: Sell if Lower Release date: Jan 11, 2007 4:45:00 PM EDT Comments: Use your own trigger, set for NZD/USD
US Adjusted Retail Sales Less Aut Condition: Sell if Higher Release date: Jan 12, 2007 8:30:00 AM EDT Comments: LOTN, set for GBP/USD
US Adjusted Retail & Food Service Condition: Sell if Higher Release date: Jan 12, 2007 8:30:00 AM EDT Comments: LOTN, confirmation
