I would like to recap what we did on the last live trade calls
and give you the criteria for a possible trade tomorrow. The
last trade call I sent out covered the UK Retail Sales report,
as well as the Canadian Retail Sales and GDP reports last
Friday.
For the UK Retail Sales report, we were looking to long the
GBP/USD if the report came out at least 0.4% better than
expected. The actual number came out with a deviation of 0.2%,
so it did not meet our safe trigger. To see a video of this
trade, please click on the link below:
We were also looking to trade the Canadian Retail Sales and GDP
reports that were released at the same time. We increased the
triggers on both trades in case they came out in conflict with
each other. Neither of the reports met our safe triggers, so
we did not enter these trades. To see the video of these
trades, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US
Durable Goods report will be released at 8:30 am EST. We will
be focusing on the US Core Durable Goods figure, which will be
Row 1 on the RSS. The expectation for this report is 0.4%.
We will be looking for a deviation of 3.0% on this report to
trigger a safe trade. We have recently updated the triggers to
more conservative numbers as we have seen diminished moves on
this report in recent months.
This report last met our safe trigger in August, and we had
traders get in and report small profits or a small loss of up
to 10 pips. To see a video of August’s trade, click on the
link below:
This is our current outlook for this trade; however, it is
subject to change as market conditions may change by tomorrow.
Be sure to log in to the Live Trade Room 15 minutes prior to
the release to get my commentary on this potential trade.
Good Luck!!!!
