CANADIAN RETAIL SALES PROVIDES UP TO 35 PIPS FOR TRADERS
Last Friday we were watching the Canadian Retail Sales figures,
and we were looking to short the USD/CAD and EUR/CAD if the
number came out at least 0.4% worse than expected. The actual
number came out with a deviation of -0.5%, so it met our safe
sell trigger and many traders entered this trade. We received
reports of up to 25 pips of profit on the USD/CAD and up to 35
pips on the EUR/CAD, depending on entries. 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 US Durable Goods
report that will be released tomorrow at 8:30 am EDT. We will
be focusing on the US Core Durable Goods figure, which is
expected to be -0.9%. We will be looking for a deviation of
2.5% on this report to trigger a safe trade. A higher than
expected number will trigger a buy on the USD/JPY. This report
last met our safe trigger last month, and the market moved
about 40 pips on the USD/JPY.
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 190 pips last week
by closing out at the best exits on the trades. The trades
that were called last week are as follows:
6/13/08 – Sell USDJPY @ 108.35 (half lots) – Closed partial for
+80 pips; rest still in the trade
6/19/08 – Sell USDCHF @ 1.0470 – Closed all at +110
If you just put a 40 pip limit on each trade, you would have
made 80 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!!!!
