Are you new to Forex? Start here for a solid foundation
Our last trade call was the US ISM Manufacturing which hit our triggers however because of a delayed move most of us got out at break even or with a few pips profit. I am a very conservative trader and I would prefer to take a small profit or even a small loss if I…
Today we had 3 different pieces of data that we were watching with the intention of trading 2 different currencies and we were able to manage everything efficiently thanks to the RSS. The us data missed our triggers and so did the Cad data however there are always many that trade using lower deviations and…
The last trade call I sent outlined my plan for the US GDP. The plan was to go long if the US GDP came out lower than expected by.4 or more. Our target was struck and a good move followed. We did have some conflicting data so we called a early close however myself and…
The last trade call I sent out covered two different releases neither of which hit my triggers so they were both no trades. the first piece of data we traded was the UK GDP and we were looking for .2 in deviation. This release hardly ever deviates that much however it really is unsafe to…
In the trade call email for Apr 27, 2007 I stated that on the US GDP a higher than expected number signaled a buy and that is incorrect. Please note that a higher than expected number will signal a short and a lower than expected number will signal a long.
Good Luck!!!
The last trade recommendation I sent out was on Friday of last week and it covered two separate releases. The first release was the UK Retail Sales which missed my triggers but some did enter using a lower trigger and picked up a few pips using the RSS. This trade had some conflicting date as…
Today we were watching the Cad CPI and looking for around .2 in deviation. Unfortunately our triggers were missed once again however there are always those that enter based on the medium triggers and today was no exception to that. I didn’t get in however we had reports of very good profits on this release…
Today email is pretty long but there is a lot to cover so I will just dive in. If you don’t want a review of how I trade yesterdays call you can always scroll to the bottom to get tomorrows trade call. OUR LAST LIVE ON THE NEWS TRADE CALL Yesterday was pretty exciting as…
Today we were watching the US Retail Sales and we were hoping to see at least .5 in deviation however the analysts ended up being fairly accurate on this release and were only off by .1 so this was a no trade. The market barley budged only moving down around 10 pips. This is a…
Friday we had a fairly complicated trade. There were three different pieces of data that we were watching and two of the three releases were US data and the other was Canadian data. The plan was to focus on the EUR/CAD since there was a possibility of the US data conflicting causing an unpredictable market.…
Today was uneventful with the UK Trade Balance missing our triggers. There was only around .35b in deviation which missed our trigger of .5b. I did receive two reports of traders that took a lower trigger and picked up around 15 pips but it was a no trade for me. Due to some technical difficulties…
Its been a slow week so far and we haven’t had anything to trade however tomorrow is our first opportunity and it could provide for some nice profits. The UK Trade Balance will be released at 4:30 am eastern and it has a history of moving pretty good with .5 in deviation. This is expected…