I wanted to recap what we did on the last live trade call and give you the criteria for potential trades tonight and tomorrow
The last trade call I sent out covered the US ISM Manufacturing report yesterday. For the ISM report, we were looking to long the GBP/USD if the number came out lower than expected by 1.5 or more. The report came out with a deviation of only -0.1, so it did not hit our safe trigger and we did not enter the trade.
To view the video of this trade click on the link below:
TRADING OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Labor Force Employment report is released at 9:30 pm EDT.
We will be focusing on the AUD Labor Force Employment, which is Row 1 of the RSS and is expected to be 17.5K. We have placed a safe trigger of 20K for this release. We have seen a deviation of at least 20K three times this year, and we have seen moves of between 25-40 pips on each.
We will not have the Live Trade Room open, but we wanted to make you aware of this potential trade opportunity. On the AUD GDP report on Monday night, we had several traders report profits of 15-30 pips as the report hit our safe trigger of 0.4%.
OUR NEXT LIVE ON THE NEWS TRADE CALL
We will have an opportunity to trade tomorrow when the UK Industrial Production report is released at 4:30 am EDT. The expectation for this report is 0.2%. A higher than expected number will be good for the GBP and signal a long on the GBP/USD, and a lower than expected number will be bad for the GBP and signal a short on the GBP/USD. We will be looking for a deviation of 0.5% on this report to trigger a safe trade. This report met our medium trigger in July, and we had traders report profits of up to 20 pips.
To see a video of this trade click on the following link:
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!!!!
