TRADE CALL RECAP
For our last live trade call, we were looking at the US CPI
report last Thursday. For the US CPI report, we were looking
to enter a short on the GBP/USD if the deviation met our safe
trigger of 0.1%. The actual number came out with 0.1%
deviation, so it met our safe trigger and we entered a sell. We
had several traders report getting in and they reported profits
of up to 10 pips on the GBP/USD, depending on their entry. We
had some traders report small losses as the GBP/USD spiked down
quickly then came back to about 30 pips above our entry level.
Some traders held out and the GBP/USD finally dropped to
provide 40 to 50 pips potentially in the hours after the
trade. 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 0.6%. 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 last met our safe trigger in June and provided
traders with up to 30 pips of profit. 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!!!!
