Blog

Today we were watching the US CPI

OUR LAST LIVE ON THE NEWS TRADE CALL

Today we were watching the US CPI and the plan per the email that I sent out yesterday was to go short if the CPU came out less than expected by .2 or more.

Unfortunately the CPI was released as expected which did not warrant a trade however the regular CPI did come out higher than expected along with some other dollar positive news which can all be seen in the video. This inevitably resulted in a fall of about 60 pips. To see today’s trade follow this link

http://forexmastermaker.com/vid/uscpi11807/uscpi11807.html

OUR NEXT LIVE ON THE NEWS TRADE CALL

Tomorrow at 4:30am eastern the Retail Sale will be released out of the UK. This has a good history of moving the market 30+ pips on a regular basis so I am looking forward to this in hopes that it hits our triggers. My trigger for this release is .4 and in all honesty we could even get away with .3 however I am a more conservative trader so I will look for .4 in deviation.

A higher than expected number will signify a long position on the GBP/USD and a lower than expected number will provide an opportunity for a short position. The expected number for this release is .6. To clarify what I am doing I will watch for the number and if it comes out at 1.0 or higher I will go long on the GBP/USD and if it comes out .2 or lower I will go short on the GBP/USD. I anticipate at least 30 pips on this trade.

Keep and eye out for revisions as they are common place with this release. I will also watch the Retail Sales yearly figure however this will have very little affect on the trade unless it deviates substantially. This should be a great trade as it is not released with any other pieces of data so it should be cut and dry.

Unfortunately I only have a couple of videos from past retail sales but they will give an idea of the potential that this release carries. The first one is from a long time ago before we had the RSS with the auto click and the second one is from November; it’s amazing as I look back how far we have come In regards to the software.

To see how we used to do it follow this link http://forexmastermaker.com/vid/ukretailsales81706.swf

This is the RSS prior to the one we have in place now. This video is very long however you can fast forward to around three and a half minutes in to see the actual release come out. http://forexmastermaker.com/vid/uk_retail_sales/uk_retail_sales.html

Good Luck trading!!!

Permalink  •   Print  •   Email   •   Comment

Discussion

No comments for “Today we were watching the US CPI”

Post a comment

Name

E-mail

Web site

Comment

Notify me of followup comments via e-mail