OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live news trade opportunity will be on the UK GDP
Report that will be released tomorrow at 5:30 am EDT. The
expected number for this report is 0.6%. 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 0.2% on this report to trigger us into a
safe trade. We may decide to lower the trigger tomorrow as
this report seldom meets our safe trigger.
This report last met our medium trigger of 0.1% in January and
provided traders with up to 25 pips of profit, depending on
their entry. We recommended not to trade the medium trigger on
this because the Bank of England minutes data was coming out at
the same time. To see the video of January’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.
BANK FLOW RECAP
I wanted to keep you up to date on the performance of my friend
Jonathan Silver’s room as well. We made some changes to the
Bank Flow trade room today and implemented a new format that
worked out very well. This new format allows us to record the
session a little easier, so I have provided a link so that you
can view the trades that were suggested in the room. This new
format is also much easier for traders to follow and protects
traders from taking unnecessary losses.
This will also allow you to absorb some of Jonathan’s wisdom.
I plan on providing a daily recap of his trades each day as
well. Today’s trades are below:
First was a Sell on the Eur/Jpy at 157.75 with a posted limit
of 157.25 for 50 pips profit. This actually retested the same
level again and provided a second bounce of around 30 pips.
Many traders actually got in on a quick spike to 157.85 and of
course those traders made out even better.
Next up (although not an official call) there were several that
wanted more trade opportunities. We had order levels on the
Aud/Usd, so the suggestion was made in the Trade Room to sell
Aud/Usd at .9240, targeting .9200 followed by .9160. Both
targets have been struck for an additional 80 pips.
The most recent signal was a buy on the Usd/Cad at 1.0135,
targeting 1.0185. This trade has already hit its first target
(paying 50 pips) and we are still holding the rest for the
possibility of more profits to come.
The total as of around 4:30pm EDT is 180 pips and we still have
open trades that I will update you on in tomorrow’s e-mail.
To hear Jonathan’s commentary made in the room, click on the
link below.
www.forextradersdaily.com/video/bankflow032708_us/
If you have not yet had a trial of our Bank Flow service, you
may click on one of the links below to receive a 14-day trial
for only $7.99.
If you have never used any of our products and are not in our
system, use the following link:
If you are an existing customer, use this link:
Good Luck!!!!
