OUR LAST LIVE ON THE NEWS TRADE CALL
Wednesday’s trade was very cut and dry. I am currently Operating from out of the country so I am not recording the sessions this week. The plan was to sell the GBP/USD if the Industrial Production came out higher than expected by .5% or more.
Our Target was the 60 level which was struck within seconds. at that point I called a close of 50% of the trade. As the market began to move back up I decided it was best to close the rest of the trade about 10 pips higher as we have been in a very strong bull market.
Most of the traders got in around 93 and out around 65 area so It was a great trade. Below is a sample of the transcripts from the chat session. To See tomorrows trade call please skip to the bottom.
04:30:09 {Ganja} out +30 04:30:28 {DanMan} In at 93 04:30:36 {John,_M} 91 04:30:36 {Ganja} 9690->9660 04:30:50 {DanielB} in at 93 04:30:50 {Ganja} with the rss 04:30:51 {jchrist} 9691 04:30:52 {Robert_B} ifx 1.9693 out @ 65 04:30:52 {Eric} in at 91 04:30:55 {Nev_B} 27 pips 04:31:04 {pipman} 91 04:31:06 {ChrisW} in at 1.96.91 04:31:06 {FXO} OandA filled at 86 04:31:08 {Douglas} in 93 half out 63 04:31:09 {Duts} 04:31:11 {victor} in at 93 out at 65…28 pip gain. 04:31:11 {dsb104<CY>} 91 out at 64 04:31:14 {Barry_B} got in at 9691 04:31:16 {Mr._Trend} 85 04:31:22 {Mr._Trend} 15 pip spread 04:31:27 {Robert_H} got 23 pips 🙂 04:31:28 {John,_M} in at 91 out at 66 04:31:37 {John,_M} half out 04:31:39 {John,_M} at 66 04:31:44 {DavidP} in 9685 too, still in 04:31:46 {James_D} I choked…..and still got in at .9692….wow 04:31:50 {victor} ifx in at 93 04:32:00 {pat_s} I should have gotten in at 93 but my order hung and just got the message it was removed by the dealer. Guess this is a bad broker? 04:32:00 {Clayton_V} I got in at 93 04:32:07 {Mani<EN>} CBFX opened at 93 and close at 66 04:32:09 {Brad} 89/90 entry 04:32:14 {PeterO} Fxsol 9691 04:32:17 {Brad} 1.3 million 04:32:18 {JackM} I got in at 93 and I closed at 65 since I can’t see any charts or your video feed 04:32:23 {JuanP} 93 ON IFX OUT 30 PIPS 04:32:24 {Ganja} 90 04:32:24 {pat_s} Freedom FX 04:32:28 {Duncan<EN>} 91 interbankfx 04:32:32 {Duncan<EN>} out 61 04:32:33 {abeiks<LV>} 31 p 04:32:33 {Bob} got 21pips on one mini and got out 04:32:34 {GlennR<EN>} IFX 1.9693 04:32:38 {Anthony_W} 93′ IFX out at 67 04:32:42 {John,_M} I am still with IB 04:32:43 {Robert_H} Got in at 9691 04:32:43 {Duncan<EN>} sorry out 69 04:32:45 {John,_M} got in good this time 04:32:49 {Grand} In on PropFx @ 90 04:32:55 {Brad} out 66 04:32:57 {Ganja} nice trade dustin 04:32:58 {Ganja} thanks 04:32:59 {John,_M} closed 04:33:01 {John,_M} out rest 04:33:02 {DanMan} Got in with 48 mins and 47 mins (two entrys total at 93) 04:33:03 {ChrisW} got out at 1.9662 04:33:04 {lcraft93} I got in at 91 on fx sol 04:33:06 {Duncan<EN>} Great trade thanks 04:33:11 {Leah} sweet trade…in at 90 with 10 lots 04:33:38 {Geoff_S} great trade 04:33:38 {Ar} sold at 81 took profit 65 04:33:39 {Eric} got in at 91 on fxcm out 67, 24 pips made, excellent 04:33:44 {Brad} 23. 04:33:48 {John,_M} I traded 1,000,000 USD this time 04:33:50 {Herb<DE>} first 4 LOTS +25, 2nd 4 LOTS out +30 PIPS Thanks ! dustin 04:33:51 {John,_M} good money 04:34:01 {Brad} 23.5 pips for 1.3 million 04:34:01 {Dan_T} 37 pips 04:34:13 {pipman} 26 pips 04:34:17 {maurice_u} made 27 pips 04:34:21 {Darren_M<EN>} still in 04:34:21 {Clayton_V} I got out, I think I accidently went against the trade (I thought I clicked hedge) but it looked as if it didn’t hedge like I thought it would on IFX.. but I still made $153 with 5 mini’s 1st time trading IFX 04:34:23 {Jarius_J} still in. 15 pip spread on oanda but up 14 right now. 04:34:26 {DavidP} out with +15 04:34:31 {stephen_h<EN>} IG index filled at 92 out at 73 04:34:42 {T80} I went in on 1.9693 !!!! out on 1.9664 04:35:02 {Leah} 30 pips in 10 sec. not too shabby! 04:35:07 {victor} my first trade and I made $401 04:35:13 {DavidP} order filled before candle moved, so good 04:35:15 {Jon_S} 28 nice clean trade acm no spread gap 04:35:21 {carlol} 23 pips for me 04:35:38 {Brad} short 1.9689.5 VWAP 23.5 pips profit on 1.3 million CURRENEX 04:35:38 {Ganja} dustin how u get the new so fast ?, I mean who provide u that ? 04:35:45 {Bob} got in at 93 out at 66 04:35:58 {Marc} in 9686 out 9672 thanks Dustin 04:36:00 {Geoff_S} entered at 9690 04:36:04 {natanas} I’m on IFX and got in 1.9693 out at 1.9665 04:36:07 {Robert_M.} +32 pips 04:36:59 {Clayton_V} hah I actually think I made money on my accidental bad hedge, I did it at the bottom and it shot up right before I got out 04:37:05 {Tom_B.} got in at 1.9691 out with 23 pips , on mt4, North Finance, got in before market moved. 04:37:26 {Terry_Goan} in 93 out 67 04:37:26 {Herb<DE>} I was in at 1.9690 04:37:34 {terence_m<EN>} 1st trade 25pips $500 !!! thankyou in 91 out 66
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have US Non Farm Payrolls expected at 100k If it comes out higher than expected by 50k or more I will sell the GBP/USD. If it comes out lower than expected by 50k I will Buy GBP/USD.
Revisions can play a major role in this release so keep an eye on that. If there is a revision over 15k consider closing the trade unless there is substantial deviation of the actual number from the expected number.
Good Luck trading!!!
