TWO TRADES YESTERDAY PROVIDE UP TO 50 PIPS TOTAL
Yesterday we were watching two news reports for potential
trades. First was the UK CPI, and I mentioned in the Live
Trade Room that you could change your safe trigger from 0.2% to
0.1%. We had many traders do that, and although the news came
out late from our news provider, we had many traders still
report making profits of up to 30 pips and more. To see the
video from this trade, click on the link below:
Later in the morning the Canadian CPI report was released and
it did meet our safe trigger of 0.2%. We had several traders
get in this trade as well and make some quick profits of 15-25
pips. We had some technical difficulties with this trade and
did not get a video. However, some of the comments from
traders are below:
{BrentM} in at 119 out at 139
{Rich} took 11 pips a lot of jumping
{Hal} Finally got a fill with the new settings and placing “at best”
{David_M} stopped out with 6 pips eurcad
{bill_w.} in @31 out at 140
{Brandon} in at 116 & out at 135 with ********…THX! 19 pips
for breakfast…
{jHallwood} got in at 15 closed manually at 35
{wes} 1 pip
{daudi81} got 18 pips
{TEAMTRADER<EN>} 23
{Anthony_W} 18 pips ***
{Nikelb} 5 pips
{Jess_H} 10 pips
{forexninja} somehow **** filled me at 139
{costard<EN>} in at 115. 21 pips best (dummy)
{ranko} 1.0130
{Dennis} **** 1.0140
{Larry_W} 20 pips from ****** FX in a 115
{erich} **** 1.0147 entry
{Harry} In at 120 at ****
{LarryR<EN>} Took a requote at 1.4592 on **** (usually never
do) for 5 pips
{daudi81} 18pips with ***
{Mark_H} ********* in with 12 pips
{Don_C} in at 121 **** at best
{ranko} ***** enter at 1.0130
{GillPiP} ****** at 35
{JohnM} I got in at **** at 1.0128, tried to close with 3-4
pips profit but by the time it closed I only made one pip.
TEAMTRADER<EN>} *** 116 fill
{basimb<EN>} Hi, I got filled@ 10116, what was the best fill
other traders got?
{Larry_W} 43 pips total today, a good morning, talk to ya later.
{avalon} dustin, thanks made a profit of a little over 800.00
today! finally had good fills this morning.
TRADING OPPORTUNITY LATER TODAY
There is an opportunity to trade later today when the NZD
Current Account report is released at 4:45 pm EST. The
expectation for this report is be -$4.9 Billion. We have
placed a safe trigger of $0.5 Billion for this release. The
last time this report met our safe trigger the NZD/USD moved
over 30 pips. 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 CALLS
Tomorrow we will have two Forex trade calls. The first will be
the U.K. GDP release at 4:30 am EST. Row One on the RSS will be
our focus, which is the GDP (QoQ) figure, and is expected to be
0.7%. We will be looking for around 0.2% in deviation and a
higher than expected number on this particular release would
signal a buy on the GBP/USD. A lower than expected number would
signal a sell on the GBP/USD. I expect to see around 30-50 pips
on this release if it hits our trigger. Depending on where the
price is prior to the release, I may adjust that target one way
or the other.
Last month we changed our safe trigger to 0.1% for this
release, and that was the deviation. We had many traders
report good profits on this trade, up to 40 pips and more. To
see a video of last month’s trade, please click on the link
below:
The next trade will be at 8:30 am EST when the US GDP report is
released. There are several US news reports that will be
released at the same time, and our focus will be on the GDP
Annualized (QoQ) number, which will be Row 1 on the RSS. The
expectation for this number is 4.9%, and we will be looking for
a deviation of at least 0.4% to trigger a safe trade. A lower
than expected number would signal a buy on the GBP/USD. We can
expect a 20-30 pip move on this if it meets our safe trigger.
This report last met our safe trigger in October and the market
moved about 25 pips. To see the video from October, 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!!!!
