TRADE CALL RECAP
For our last live trade call, we were watching the UK GDP
report that was released last Friday. We were going to trade
if the deviation was 0.1% or higher. The actual number came
out with no deviation, so it did not meet our trigger and we
did not get in a trade on this release.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US GDP
report will be released at 8:30 am EDT. Our focus will be on
the GDP Annualized (QoQ) number. The expectation for this
number is 0.9%, and we will be looking for a deviation of at
least 0.4% to trigger a safe trade. A higher than expected
number would be good for the USD. We can expect a 20-30 pip
move on the GBPUSD this if it meets our safe trigger. This
report last met our safe trigger in January and the market
moved about 30 to 35 pips. To see the video from January,
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 the trade.
BANK FLOW WEEKLY RECAP
Last week was the first week that we had more negative trade
calls than positive. Jonathan warned at the beginning of last
week that it was going to be a more volatile week of trading
because of commodities. However, the service is still well
above the 400 pips of profit for the month that Jonathan is
striving for.
The trades that were closed or called last week are as follows:
5/14/08 – Buy GBP/USD 1.9378 – Closed partial at +120 pips,
rest at +222 pips
5/19/08 – Sell AUD/USD 0.9559 – Closed partial at +40 pips,
rest at breakeven
5/19/08 – Buy USD/CAD 0.9927 – Closed at -40 pips
5/20/08 – Buy USD/CAD 0.9905 – If followed guidelines then
partial at +40 or breakeven, otherwise -45 on news data
5/21/08 – Sell EUR/USD 1.5730 (half lots) – Closed at -40 pips
5/22/08 – Sell EUR/JPY 163.27 – Closed at -40 pips
5/23/08 – Buy USD/CHF 1.270 – Closed at -50 pips
If you just put a 40 pip limit on each trade, you would have
fared better for the week as a couple of the trades paid at
least 40 pips before going to breakeven or going negative.
If you have not yet had a trial of our Bank Flow services, you
may sign up using the link below:
Good Luck!!!!
