TRADE CALL RECAP
For our last live trade calls, we were watching the UK GDP and
US Durable Goods reports last Friday. For the UK GDP we were
going to trade if it met our safe deviation of 0.1%. The
actual number came out with no deviation from the expected
number, so it did not meet our trigger and we did not enter
this trade. To see a video of this trade, click on the link
below:
For the US Durable Goods report, we were going to buy the
USDJPY if the deviation was better than expected by at least
2.5%. The actual number came out with a 2.2% deviation, so it
did not meet our safe trigger and we did not get in a trade on
this release. A few traders entered based on the medium
trigger, and they reported profits of up to 25 pips, depending
on their entry. Unfortunately, we did not get a video of this
trade.
TRADE OPPORTUNITY TONIGHT
There will be an opportunity to trade tonight when the AUD
Retail Sales and Trade Balance reports are released at 9:30 pm
EDT. Your focus should be on the AUD Retail Sales figure, as
it has had a larger impact on the market in the past. The
expectation for this release is 0.0%. We have placed a safe
trigger of 0.4% on the RSS for this particular release. You
can expect a 30-40 pip move on the AUDUSD if this report meets
our safe trigger and there is no conflicting data with the
Trade Balance figure. I would caution you to use fewer lots as
the Trade Balance could impact the trade if it comes out
significantly in conflict with the Retail Sales figure. We
will not have the Live Trade Room open, but I wanted to make
you aware of the opportunity.
OUR NEXT LIVE ON THE NEWS TRADE CALLS
Tomorrow we will have two opportunities to trade when the
Canadian GDP and US GDP reports will both be released at 8:30
am EDT. The RSS will allow us to trade both of these releases
over multiple currencies. If your broker will only allow you
to trade one currency I would suggest you focus on the Canadian
GDP as it triggers more often than the US GDP.
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. We will focus on the EUR/CAD for this release as the US
data is coming out at the same time. A higher than expected
number would be good for the CAD, and signal a sell on the
EUR/CAD. We can expect a 25-80 pip move on the EURCAD if it
meets our safe trigger.
This report last met our safe trigger in May, and we had
traders report profits up 50 pips on the EURCAD. We don’t have
a video of that trade, but you can see March’s video by
clicking on the link below:
For the US GDP, the expectation is 2.0%, 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:
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.
Good Luck!!!!
