TRADE CALL RECAP
Yesterday we were watching two news releases. First was the UK
CPI, and we were looking to enter if the deviation met our safe
trigger of 0.1%. The actual number came out with no deviation,
so we did not enter this trade. To see the video from this
trade, click on the link below:
We were also watching the Canadian CPI, and we were looking to
sell the EUR/CAD and USD/CAD if the number came out at least
0.2% better than expected. I turned off my Auto-Click on this
one as my broker spread was very high just prior to the
release. The actual number came out with a deviation of 0.3%
so it hit our safe trigger and some of our traders entered the
trade and reported up to 25 pips of profit. To see the video
for 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 5:30 am EDT.
The expected number for this report is -0.2%. 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 release has met our safe trigger in five out of the last
seven months, and the market has moved between 30 and 90 pips
each time. It met our safe trigger last month and provided
traders with up to 75 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!!!!
