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 UK Retail Sales report this morning.
For the Retail Sales report, the plan was to go short on the GBP/USD if the release came out lower than expected by 0.4% or more from the expected number. The actual number came out with a deviation of -0.1%, so our trigger was not hit and we did not enter the trade.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the UK GDP report is released at 4:30 am EDT. The expectation for the GDP report is 0.7%. 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. In March this trade hit our safe trigger and we had many traders make good profits. To see the video of the March trade, click on the following link:
Good Luck!!!!
