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TRADE CALL RECAP Our last live trade call was this morning when we were watching the US ISM Manufacturing report. This report did not meet our trigger as we were looking for a 2.5 deviation or higher, and the number came out only 0.6 better than expected. TRADE OPPORTUNITY TONIGHT There is an opportunity to…
Update USDCAD: Current Price: 1.0150 at 8:40 EDT – The CAD came within 10 pips of the buy level posted earlier at 1.0025 to 1.0035. I have seen reports of some traders jumping in this a little early and capturing 40 to 50 pips. Congratulations on those that participated in this trade. EURJPY: Current Price…
TRADE CALL RECAP This morning we were watching the Canadian GDP report. We were looking to short the USD/CAD if the report came out at least 0.2% better than expected. The actual number came out with a deviation of 0.4%, so it did meet our safe trigger and we had traders report profits of 2-20…
TRADE CALL RECAP For our last live trade call, we were watching the UK GDP report that was released last Friday. We were going to trade if the deviation was 0.1% or higher. The actual number came out with no deviation, so it did not meet our trigger and we did not get in a…
Update USDCAD: Current Price: 1.0141 at 11:00 EDT – This pair continues to range today between 1.0170 and 1.0110. I will still watch for these levels. 1.0025 for buys and 1.0225 for sells. Be aware that this pair has a tendency to spike through levels without warning. A good risk management plan is essential when…
Update USDCAD: Current Price: 1.0168 at 11:40 EDT – Last week in the Bank Flow room we mentioned that 1.0245 and 1.0280 on the USDCAD are the next levels we will be watching for sells. At the moment 1.0200 still seems to be holding the bulls from climbing. Now I am looking for a sell…
JOBLESS CLAIMS PROVIDES UP TO 35 PIPS OF PROFIT This morning we were watching two reports. The first was the UK Retail Sales report, and we were looking to sell the GBPUSD if the number came out at least 0.5% worse than expected. The actual number came out with a -0.1% deviation, so it did…
USDCAD: Current Price: 1.0189 USDCAD at 10:40 EDT – Today in the Bank Flow room we mentioned that 1.0245 and 1.0280 on the USDCAD are the next levels we will be watching for sells. At the moment 1.0200 seems to be holding the bulls from climbing. A breach of that area should take it to…
For those of you that were following this pair, I posted yesterday that I was watching for sells at the 103.85 to 103.95 area. The combo sold off from there to 103.35 area for the 40 pip target we were looking for. For traders interested in trading the news, the JPY reacted to the Jobless…
CANADIAN RETAIL SALES PROVIDES UP TO 50 PIPS FOR TRADERS This morning we were watching the Canadian Retail Sales figures, and we were looking to long the USD/CAD and EUR/CAD if the number came out at least 0.4% worse than expected. The actual number came out with a deviation of -0.7%, so it met our…
USDCHF: For those that are already taking part in the Bank Flow room, the post came in yesterday for a buy at the 1.0015 area. I have had traders reporting upwards of 100 pips profit from today’s moves. USDJPY: Current Price: 103.60 at 11:45 EDT – I will be looking for an intraday sell at…
TRADE CALL RECAP For our last live trade call, we were looking at the Canadian CPI last Thursday, and we were looking to enter a long on the EUR/CAD if the deviation met our safe trigger of -0.2%. The actual number came out with -0.1% deviation, so it did not meet our safe trigger and…