I would like to recap what we did on the last live trade call
and give you the criteria for a possible trade tomorrow. The
last trade call I sent out covered the US ISM report yesterday.
For the ISM report, we were looking to long the GBP/USD if the
report came out at least 2.5 worse than expected. The actual
number came out with a deviation of -2.8, so it met our safe
trigger and we entered this trade. We had many traders report
profits of up to 15 pips on this trade. To see a video of this
trade, please click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have a good opportunity for a trade at 8:30 am
EST, when the US Non-Farm Payrolls report is released. We will
focus on the Non-Farm Payrolls figure, which is expected to be
70k jobs. A higher than expected number will be good for the
USD and signal a short on the GBP/USD, and a lower than
expected number will be bad for the USD and signal a long on
the GBP/USD. We will be looking for a deviation of 50k on this
report to trigger a safe trade.
This report last met our safe trigger in November, and we had
traders report profits of up to 50 pips. To see a video of
November’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 releases to get my commentary on this potential trade.
Good Luck!!!!
