TRADE CALL RECAPS
For our last live trade call, we were watching the UK Retail
Sales and Canadian CPI reports that were released this
morning. For the UK Retail Sales, we were going to buy the
GBPUSD if the actual number was at least 0.4% better than
expected. The actual number came out with a 1.0% deviation, so
it met our trigger and we entered a trade on this release. We
had traders report profits of up to 35 pips on this release,
depending on their entries. To see a video of this trade,
click on the link below:
For the Canadian CPI, we were looking to long the EURCAD or
USDCAD if the number came out at least 0.2% worse than
expected. The actual number came out with a deviation of
0.1%, so it did not meet our safe trigger and we did not enter
a trade on this release. To see a video of this release,
please click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live news trade opportunity will be on the UK GDP
Report that will be released tomorrow at 4:30 am EDT. The
expected number for this report is 0.1%. A higher than
expected number will be good for the GBP and signal a long on
the GBP/USD, and a lower than expected number will be bad for
the GBP and signal a short on the GBP/USD. We will be looking
for a deviation of 0.1% on this report to trigger us into a
safe trade. We have seen moves of 25 to 50 pips with this
trigger recently.
This report last met our trigger of 0.1% in June and provided
traders with up to 20 pips of profit, depending on their
entry. 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 the trade.
Good Luck!!!!
