I wanted to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow.
The last trade call I sent out covered the US Retail Sales report last Friday. Our focus was on the Retail Sales Less Autos report, and we were looking to buy the GBP/USD if the number came out at least 0.5% lower than expected.
The actual number came out with a deviation of -0.6%, so it met our safe trigger and we entered the trade. We had many traders who entered this trade and made profits of up to 20 pips.
To view the video of this trade click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an excellent opportunity to trade when the UK CPI report is released at 4:30 am EDT.
We will be focusing on the UK CPI EU Harmonized (YoY) figure, which will be Row 1 on the RSS. The expectation for this report is 1.9%. We will be looking for a deviation of 0.2% to trigger a safe trade. A higher than expected number would be good for the GBP and would signal a long on the GBP/USD, and a lower than expected number would be bad for the GBP so that would signal a short on the GBP/USD.
Last month this trade met our safe trigger and we many traders report excellent profits of up to 70 pips. We even had traders report making $40,000-50,000 on this one trade!
To view the video of this trade click on the link below:
This particular news release has provided some very consistent moves in the past, even when it only meets our medium triggers. It has at least met our medium trigger in four out of the last five months, and has provided moves of over 40 pips on each release.
This is our current outlook for this trade; however, it is subject to change as market conditions may change by tomorrow. Be sure to log in to the Live Trade Room 15 minutes prior to the release to get my commentary on this potential trade. Good Luck!!!!
saludos