I hope you had a great new years and plan on making this year even more profitable than last year. I know with the new system I am implementing on my managed accounts and the advancements that have been made with the RSS I have extremely high expect- tions for this year. Enough blabbing lets get started.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have the US ISM manufacturing which has recently began to move the market very well. The expected number is 50.0. This should be a pretty cut and dry trade as this release is coming out pretty much on its own. The other release that is coming out at the same time is the Construction Spending and that will have little or no impact. I will however keep an eye on the ISM Prices Paid but that will be more for confirmation.
If the release comes out higher than expected by 1.8 or more I will go short on GBP/USD and if it comes out 1.8 lower than expected I will go long on GBP/USD. This data will come out at 10am eastern and I will be looking for around 30 pips. I wrote a an article using the ISM for an example a few months back. To read the article follow this link.
Good Luck trading!!!
