TRADE CALL RECAP
Our last live trade was last Friday when we were watching the
US CPI report. We focused on the Core CPI figure and were
going to buy the USD/JPY if the number came out at least 0.1%
better than expected. This number came out with no deviation,
so we did not enter the trade.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the UK CPI
report is released at 4:30 am EDT. There are several
components to this release, and we will be focusing on the UK
CPI (EU Harmonized YoY) figure. The expectation for this
report is 3.2%. We will be looking for a deviation of 0.2% to
trigger a safe trade. We seldom get a safe trigger, but we can
get some good moves when our medium trigger of 0.1% is met.
This release has at least met our medium trigger in ten out of
the last eleven months, and we have seen moves of 20 to 80 pips
each month.
This report met our safe trigger last month for the first time
since last August, and the GBP/USD moved approximately 55
pips. We did not get a video of this release. However, this
report last met our medium trigger in April and the market
moved approximately 40 pips. To see the video of that 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.
BANK FLOW WEEKLY RECAP
It was another positive week on the Bank Flow trades that
Jonathan Silver posted. All of the posted trades were
profitable, and you could have netted over 160 pips last week
by closing out at the best exits on the trades. The trades
that were called last week are as follows:
6/10/08 – Sell USDJPY @ 107.33 – Closed partial +50, rest at
breakeven
6/12/08 – Sell USDCHF @ 1.0478 (half lots) – Closed all at +74
6/13/08 – Sell USDJPY @ 108.35 (half lots) – This trade has so
far provided several opportunities to close with 40 pips of
profit
If you just put a 40 pip limit on each trade, you would have
made 120 pips of profit for the week.
If you have not yet had a trial our Bank Flow service, you may
click on the link below to get started.
Good Luck!!!!
