TRADERS REPORT 50+ PIPS ON UK CPI REPORT
Our last live trade call was for the UK CPI report that was
released this morning. We were looking to long the GBP/USD if
the number came out at least 0.2% better than expected. The
actual number came out with a deviation of 0.4%, so it did meet
our safe trigger, and we had many traders who entered this
trade and reported profits of up to 50+ pips on this trade. We
did not get a video of this trade, but here are a few of the
comments we received from traders:
{Henry_C} 1.9540 for 33 pips
{Lynne} Excellent trade!! I utilized 0.2 as the deviation, and
I was entered in at 1.9529 and closed ALL LOTS at 19575 for a
total of 46 pips profit!!
{Bob} I got 43 pips
{April} in at 1.9565, out at 1.9581
{Philip_C} Thanks Dustin! Made 40-58 pips on 5 platforms, some
small and some larger positions. Great trade again!!
We were also watching the US Retail Sales report that was also
released this morning. We were looking to long the USD/JPY if
the number came out at least 0.5% better than expected. The
actual number came out with a deviation of 0.3%, so it did not
meet our safe trigger and we did not enter a trade.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US CPI
report will be released at 8:30 am EDT. We will be focusing on
the US CPI Excluding Food & Energy figure. The expectation for
this report is 0.2%. We will be looking for a deviation of
0.1% on this report to trigger a safe trade.
We have lowered the safe trigger recently on this release as we
have seen moves of 30 to 40 pips when it meets the 0.1%
trigger. This report last met our safe trigger in March and
after a quick spike up, the GBP/USD dropped quite a bit and
some traders reported losses. To see a video of March’s trade,
click on the link below:
There is an explanation of why the trade went the wrong way
after a quick spike. Everyone was looking towards the upcoming
rate decision a few days after this release. Despite coming
out lower than the expectation, it did not come out lower than
the prior month and therefore the situation had not worsened.
Because of this, it is possible that the lack of change might
have had some influence over the decision whether to lower
rates or not. This unchanged number may have led more to the
not lowering side, which is good for the US and that is why we
saw the US Dollar gain strength after the data.
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.
Good Luck!!!!
