TRADE CALL RECAP
Our last live trades were last Friday when we were watching the
Canadian Labor Change Report and the Canadian and US Trade
Balance reports. For the Canadian Labor Change report, we were
looking for a 15k deviation, but there was only a 9.2
deviation, so we didn’t enter that trade.
For the Canadian Trade Balance report, we were looking to short
the EUR/CAD if the number came out $0.8 Billion better than
expected. The actual number came out $1.0 Billion better, so
we entered the trade and we had traders report profits up to 20
pips on the EURCAD. For the US Trade Balance, we were looking
to long the USD/JPY if the number came out at least $1.5
Billion better than expected. The actual number came out with
a deviation of $3.2 Billion, so it met our safe trigger and we
had traders report up to 25 pips on the USD/JPY. We were not
able to get videos of any of the trades on Friday.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the UK CPI
report is released at 4:30 am EDT. There are several
components to this release, and we will be focusing on the UK
CPI (EU Harmonized YoY) figure. The expectation for this
report is 1.3%. We will be looking for a deviation of 0.2% to
trigger a safe trade. We seldom get a safe trigger, but we can
get some good moves when our medium trigger of 0.1% is met.
This release has at least met our medium trigger in ten out of
the last eleven months, and we have seen moves of 20 to 80 pips
each month.
This report last met our medium trigger last month, and the
market moved approximately 40 pips. To see the video of this
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.
BANK FLOW WEEKLY RECAP
It was another positive week on the Bank Flow trades that
Jonathan Silver posted. There were some losses, but he
cautioned that all trades last week were higher risk and to
trade half the lots as you normally would. Even with the
losses, you could have netted over 160 pips last week by
closing out at the best exits on the profitable trades. The
trades that were closed this past are as follows:
5/5/08 – Sell USDCHF @ 1.0589 (half lots) – Closed partial +47,
rest at +100
5/6/08 – Sell EURUSD @ 1.5588 (half lots) – Closed partial +25,
rest at +58
5/6/08 – Buy GBPUSD @ 1.9636 (half lots) – Closed partial at
+40, rest at +120
5/7/08 – Buy USDCAD @ 1.0019 (half lots) – Closed at breakeven
5/7/08 – Buy EURJPY @ 160.84 (half lots) – Closed at -50 pips
5/7/08 – Buy EURJPY @ 160.38 (half lots) – Closed with -56 pips
5/8/08 – Sell USDCAD @ 1.0134 (half lots) – Closed with -30 pips
5/8/08 – Sell EURUSD @ 1.5425 (half lots) – Closed partial +20,
rest at breakeven
Even if you just closed the trades when Jonathan gave his first
partial close signal, you could have been about breakeven last
week. We got caught in a squeeze on the EURJPY trades and that
had an impact on the results. However, we have netted over 500
pips in the previous two weeks of trading.
If you have not yet had a trial our Bank Flow service, you may
click on the link below to get started.
Good Luck!!!!
