UK RETAIL SALES PROVIDES UP TO 40 PIPS
For our last live trade call, we were looking at the UK Retail
Sales report last Thursday. For this report, we were looking
to enter a long on the GBP/USD if the number came out better
than expected by at least 0.4%. The actual number came out
with 1.7% deviation, so it met our safe trigger and we entered
a buy. We had many traders report getting in and they reported
profits of up to 40 pips on the GBP/USD, depending on their
entry. To see the video from this trade, click on the link
below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next trade opportunity will be on the Canadian Retail Sales
Report that will be released tomorrow at 8:30 am EDT. Our
focus will be on the Retail Sales Less Autos figure. The
expected number for this report is 0.4%. A higher than
expected number will be good for the CAD and signal a short on
the USD/CAD and EUR/CAD, and a lower than expected number will
be bad for the CAD and signal a long on the USD/CAD and
EUR/CAD. We will be looking for a deviation of 0.4% on this
report to trigger a safe trade.
This report met our safe trigger in seven out of the last eight
months and provided moves of 20 to 90 pips. It met the safe
trigger last month and provided traders with up to 20 pips of
profit, depending on their entries. 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!!!!
