I wanted to recap what we did on the last live trade calls and give you the criteria for a possible trade tomorrow. The last trade calls I sent out covered two reports this morning.
First up was the Canadian CPI. We were looking for a safe deviation on the Core CPI figure of 0.2% for this release. The actual report came out with a deviation of 0.1%, so our safe trigger was not hit and we did not enter this trade. We did have some traders get in with a medium trigger of 0.1% and make some good profits on this trade. The USD/CAD moved approximately 30 pips, and the EUR/CAD moved approximately 50 pips. You can view the video of this trade at the following link:
Second was the US CPI report. We were looking to trade the CPI excluding Food and Energy figure with a deviation of 0.1% or more. The actual number came out with no deviation from the expected number, so our trigger was not hit and we did not enter this trade. You can view the video of this trade at the following link:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the UK Retail Sales report is released at 4:30 am EDT. The expectation for the Retail Sales report is 0.3%. We will be looking for a deviation of 0.4% 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. A lower than expected number would be bad for the GBP and that would signal a short on the GBP/USD.
In May this trade hit our safe trigger and we had many traders that made between 30-40 pips. To see the video of May’s trade, click on the following link:
Good Luck!!!!
