I wanted to recap what we did on the last live trade call and give you the criteria for a possible trade tonight. The last trade call I sent out covered the Canadian Retail Sales report this morning.
For the Core Retail Sales report, the plan was to go short on the USD/CAD if the release came out higher than expected by 0.3% or more from the expected number of 0.6%. The actual number came out with a deviation of +1.7%, so our trigger was hit and we did enter this trade and we had many traders make some very nice profit. To see the video of the trade click on the following link:
Last night, we set a trigger for the AUD CPI report. We set a safe trigger on the RSS for a deviation of 0.3%. The actual number came out with a deviation of 0.2%, so we did not enter the trade. We did have several traders that used a smaller deviation and got into the trade and made profits.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next Live on the News trade call will be on the US Durable Goods report that will be released tomorrow at 8:30 am EDT. We will befocusing on the Durable Goods excluding Transportation report. The expected deviation for this report is 0.6%. A higher than expected number will be good for the USD and signal a short on the GBP/USD, and a lower than expected number will be bad for the USD and signal a long on the GBP/USD.
We will be looking for a deviation of 1.5% on this report to trigger us into a trade. Last month this trade hit our medium trigger for a small move. The last time this report hit our safe trigger was back in March and provided a 25 pip move. To see the video of last month’s trade click on the following link:
Good Luck!!!!
