I would like to recap what we did on the last live trade call
and give you the criteria for a possible trade tomorrow. The
last trade call I sent out covered the UK Retail Sales report
last Friday.
For the Retail Sales report, we were looking to short the
GBP/USD if the report came out at least 0.5% worse than
expected. The actual number came out with a deviation of
0.6%, so it met our safe trigger and we entered this trade. We
had some confirming data with revisions and other components
and this turned out to be a very nice trade. We had many
traders report profits of up to 50 pips on this trade, and we
even had a few that reported over 80 pips of profit. To see a
video of this trade, please click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have a good opportunity for a trade at 8:30 am
EST, when the Canadian Retail Sales report is released. We
will focus on the Retail Sales Less Motor Vehicles figure,
which is expected to be 0.5%. A higher than expected number
will be good for the CAD and signal a short on the USD/CAD and
EUR/CAD, and a lower than expected number will be bad for the
CAD and signal a long on the USD/CAD and EUR/CAD. We will be
looking for a deviation of 0.4% on this report to trigger a
safe trade.
This report last met our safe trigger in September, and we had
traders report profits of up to 29 pips. To see a video of
September’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.
Good Luck!!!!
