UP TO 25 PIPS OF PROFIT ON RETAIL SALES REPORT
The last trade call I sent out covered the US Retail Sales
report this morning. We were looking to enter a short on the
GBP/USD if the release came out higher than expected by 0.5% or
more from the expected number of 0.6%. The actual number came
out with a deviation of 1.2%, so it met our safe trigger and we
entered this trade. We actually had pretty good reports of
profits, although some traders got did have some bad fills. We
had traders report up to 25 pips of profit, with one trader
reporting a small 5 pip loss on a bad entry. Please click on
the link below to see the video of this morning’s trade:
BANK FLOW TRADES PROVIDE ADDITIONAL PROFITS FOR TRADERS
We also closed a couple of bank flow trades on the NZD/USD that
we entered yesterday, and we took profits of 40 to 90 pips.
The NZD/USD has now fallen over 100 pips from our best entry
at .7920, and this morning we had a few traders report making
extra profits on the bank flow trades that they have entered.
So overall it was a pretty good day for our trades. The bank
flow data gets posted on a regular basis on the website below:
http://www.forextradersdaily.com
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next Live on the News trade call will be on the US CPI
report that will be released tomorrow at 8:30 am EST. Our
focus will be on the monthly CPI Excluding Food & Energy
number, which will be Row 1 on the RSS. The expected number
for this report is 0.2%. A higher than expected number will be
good for the USD and signal a short on the GBP/USD, and a lower
than expected number will be bad for the USD and signal a long
on the GBP/USD. We will be looking for a deviation of 0.2% on
this report to trigger a safe trade.
This report seldom meets our safe trigger, but we have seen
some good moves when it meets our medium trigger of 0.1%. This
report has met our medium trigger three times this year and we
have seen moves of over 30 pips each time. The last time this
report met our medium trigger was in June and the market moved
approximately 35 pips. To see the video of June’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!!!!
