TRADE CALL RECAP
Our last live trades were on Thursday when we were watching the
Canadian and US Trade Balance reports. I cautioned about
trading the US Trade Balance as the Weekly Jobless Claims was
coming out at the same time. Both Trade Balance reports met
our safe triggers and we had several traders get in on each.
The EURCAD moved about 25 pips initially on the CAD Trade
Balance, and we had traders report up to 16 pips of profit on
that trade. The US Trade Balance did come out in conflict with
the Jobless Claims report, and although the USD/JPY did make a
small spike in the direction of the Trade Balance, it
eventually came back and most of the traders who got in this
trade broke even on the trade. To see the video from these
trades, click on the link below:
TRADING OPPORTUNITY LATER TODAY
There will be an opportunity to trade tonight when the NZD
Retail Sales report is released at 6:45 pm EDT. The
expectation for this report is 0.0%. We have placed a safe
trigger of 0.3% for this release. This report has met our safe
trigger in ten out of the last thirteen months and the NZD/USD
has moved between 20 and 40 pips each time. We will not have
the Live Trade Room open, but I wanted to make you aware of
this potential trade opportunity.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US
Retail Sales report is released at 8:30 am EDT. We will be
focusing on the US Retail Sales Less Autos figure. The
expectation for this report is 0.2%. We will be looking for a
deviation of 0.5% on this report to trigger a safe trade. A
better than expected number will be good for the USD, and
signal a sell on the GBP/USD.
This report last met our safe trigger in December, and we had
traders report profits of up to 20 pips. To see a video of
December’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.
BANK FLOW WEEKLY RECAP
It was another positive week on the Bank Flow trades that
Jonathan Silver posted. There were a couple of losses;
however, he cautioned that those trades were higher risk and to
trade half the lots as usual. If you are trading such that you
are not able to trade half lots, then you should consider not
entering these higher risk trades. The trades that were closed
this past are as follows:
4/7/08 – Sell USDCHF @ 1.0140 – Closed with 12 pips of profit
4/7/08 – Sell EURJPY @ 161.45 – Closed partial at +20, partial
at +60, rest breakeven
4/7/08 – Sell USDCHF @ 1.0163 – Closed partial at +30, limit
hit at +63
4/8/08 – Sell AUDUSD @ .9264 – Closed with 10 pips of profit
4/8/08 – Sell AUDUSD @ .9297 – Closed partial at +20, rest at
breakeven
4/9/08 – Buy USDCHF @ 1.0082 (half lots) – Closed with -52 pips
4/9/08 – Sell EURUSD @ 1.5780 (half lots) – Closed with -30 pips
4/9/08 – Buy USDCHF @ 1.0000 (half lots) – Closed with -20 pips
4/9/08 – Buy USDCHF @ .9980 (half lots) – Closed with +33 pips
4/9/08 – Sell USDCAD @ 1.0217 – Closed partial at +58, rest at
breakeven
4/10/08 – Buy USDCHF @ .9921 – Closed at -9 before news; -30 at
worst
4/10/08 – Sell AUDUSD @ .9323 – Closed with 30 pips of profit
Even if you just closed the trades when Jonathan gave his first
partial close signal, you could have netted over 120 pips of
profit this week if you traded half lots on the higher risk
trades as he suggested.
As a reminder, the Bank Flow Trade Room times are 4:30 am EDT
for the European session and a new time of 9:45 am EDT for the
New York session.
If you have not yet had a trial our Bank Flow service, you may
click on the link below to get started.
Good Luck!!!!
