TRADE CALL RECAP
This morning we were watching the US CPI, and we were looking
to enter if the deviation met our safe trigger of 0.1%. The
actual number came out with 0.1% deviation, so we entered this
trade. Although it took a few minutes for the market to move,
we had traders report profits of up to 50 pips on the GBP/USD,
40 pips on the EUR/USD and 20 pips on the USD/JPY. To see the
video from this trade, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next Live on the News trade call will be on the UK Retail
Sales Report that will be released tomorrow at 4:30 am EST.
The expected number for this report is 0.3%. A higher than
expected number will be good for the GBP and signal a long on
the GBP/USD, and a lower than expected number will be bad for
the GBP and signal a short on the GBP/USD. We will be looking
for a deviation of 0.5% on this report to trigger us into a
safe trade. We may decide to lower the trigger tomorrow as we
have seen some better moves on this report recently, even with
lower triggers.
This report last met our safe trigger last month and provided
traders with up to 90 pips of profit. To see the video of last
month’s trade, click on the following link:
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!!!!
