TRADE CALL RECAPS
Our last live trade calls were for the UK CPI and the US Retail
Sales reports that were released this morning. For the UK CPI,
we were looking to long the GBPUSD if the release came out at
least 0.2% better than expected on the Harmonized YoY figure.
That figure came out with a 0.2% deviation, so it met our safe
trigger and we entered the trade. We had traders report
profits of up to 40 pips on this trade as it made a quick spike
to the buy side before falling over the next few hours. To see
a video of this trade, click on the link below:
For the US Retail Sales report, we were looking to short the
USD/JPY if the number came out at least 0.5% worse than
expected. The actual number came out with a deviation of
0.2%, so it did not meet our safe trigger and we did not enter
this trade.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US CPI
report will be released at 8:30 am EDT. We will be focusing on
the US CPI Excluding Food & Energy figure. The expectation for
this report is 0.2%. We will be looking for a deviation of
0.1% on this report to trigger a safe trade. For this trade,
we will focus on the GBP/USD.
We have lowered the safe trigger recently on this release as we
have seen moves of 30 to 40 pips when it meets the 0.1%
trigger. This report last met our safe trigger in May and we
had traders report profits up to 25 pips on the trade,
depending on their entries. We had a couple of traders that
were entered at bad prices and took small losses. To see a
video of last May’s trade, 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 this potential trade.
Good Luck!!!!
