TRADE CALL RECAP
For our last live trade call, we were watching the UK GDP
report that was released last Friday. We were going to trade
if the deviation was 0.1% or higher. The actual number came
out with no deviation, so it did not meet our trigger and we
did not get in a trade on this release. To see the video of
this news event, click on the links below:
OUR NEXT LIVE ON THE NEWS TRADE CALLS
Tomorrow we will have two opportunities to trade when the US
GDP and Canadian GDP reports will be released at 8:30 am EDT.
The RSS software will allow us to trade both of these reports
simultaneously.
For the US GDP release, Our focus will be on the GDP Annualized
(QoQ) number. The expectation for this number is 0.2%, and we
will be looking for a deviation of at least 0.4% to trigger a
safe trade. A higher than expected number would be good for the
USD. We can expect a 20-30 pip move on the GBPUSD this if it
meets our safe trigger. This report last met our safe trigger
in January and the market moved about 30 to 35 pips. To see
the video from January, click on the link below:
For the Canadian GDP, the expectation is 0.2%, and we will be
looking for a deviation of at least 0.2% to trigger a safe
trade. A higher than expected number would be good for the CAD
and signal a sell on the EUR/CAD. We will focus on the EUR/CAD
for this release as the US data is being released at the same
time. We can expect a 30-80 pip move on the EURCAD if it meets
our safe trigger.
This report last met our safe trigger last month and we had
traders report profits up to 50 pips on the USDCAD and 75 pips
on the EURCAD. To see last month’s video, click on the link
below:
This is our current outlook for these trades; 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 releases to get my commentary on the trades.
BANK FLOW WEEKLY RECAP
Last week was another extremely profitable week of Bank Flow
trading. Several of the trades had multiple targets and we
utilize a scaling out process. Assuming you followed the
directions Jonathan provided, your net profit on your best
positions would be approximately 325 pips. There is a breakdown
below of the exact scaling out process. The 325 figure is not
counting each close separately, but merely taking the best
close of each position.
The trades that were called for the week of April 21-25, 2008,
are as follows:
4/21/08 – Sell NZD/USD 0.7964 – Closed all at +40 pips
4/22/08 – Sell EUR/JPY 164.60 – Closed partial at +40 pips,
rest at breakeven
4/22/08 – Buy USD/CHF 1.0082 – Closed partial at +45 pips, rest
at breakeven
4/22/08 – Sell EUR/JPY 164.90 – Closed partial at +40 pips,
rest at breakeven
4/23/08 – Buy USD/CHF 1.0015 – Closed partial +30, partial +70,
rest at +110
4/24/08 – Sell EUR/JPY 163.59 – Closed partial +50, rest at
breakeven
As you can see, all of the trades were profitable last week.
Even if you just put a 40 pip limit on each trade, you would
have netted 240 pips for the week.
If you have not yet had a trial of our Bank Flow services, you
may sign up using the link below:
Good Luck!!!!
