I would like to recap the trades for this week and let you know of the upcoming trades we will have next week. We had two LOTN trades this week, and neither of them met our safe triggers.
The first trade was the US GDP report on Thursday. We had a safe trigger of 0.5% on this trade. We only had a 0.1% deviation, so we did not enter this trade. To view the video of this trade click on the link below:
The second trade was the Canadian GDP report this morning. The trade did not hit our safe trigger of 0.3%, but it did hit our medium trigger of 0.2%. We had several traders enter this trade on the medium trigger and report profits of 20-35 pips on the EUR/CAD. To view the video of this trade click on the link below:
NEXT WEEK’S OUTLOOK
Next week looks promising as there are four news releases we will be trading in the Live on the News Trade Room. The reports are as follows:
ISM Manufacturing Release date: 09/04/2007 10:00:00 AM EDT
UK Industrial Production MoM Release date: 09/06/2007 04:30:00 AM EDT
STCA Canada Net Change in Labor Release date: 09/07/2007 07:00:00 AM EDT
US Non-Farm Payrolls Release date: 09/07/2007 08:30:00 AM EDT
We look forward to these opportunities as we have had some very strong moves on some of these releases in the past few months. I will be sending out specifics on each Live on the News Trade Call prior to each of these releases.
In addition to these LOTN trade events, we will have two Australian news releases that could provide some good moves as they have in prior months. We will not have the Live Trade Room open for these, but we will provide triggers for the releases. They are as follows:
AUD GDP Q/Q Release date: Sep 3, 2007 9:30:00 PM EDT
Australia Labor Force Employment Release date: Sep 5, 2007 9:30:00 PM EDT
I hope everyone has a great weekend and I hope to see you on Tuesday for our next Live on the News trade.
