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News Trade Calls
Live Trade Call for November 29, 2007
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 US Durable Goods report
this morning.
For the Durable Goods report, we were looking to buy the
GBP/USD if the report came out at least 3.0% worse than
expected. The actual number came out with a deviation of
1.0%, so it did not meet our trigger. To see a video of this
trade, please click on the link below:
http://www.tradingliveonthenews.com/vid/USDurableGoods112807/
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US GDP
report will be released at 8:30 am EST. We will be focusing on
the US GDP annualized figure, which will be Row 1 on the RSS.
The expectation for this report is 4.9%. 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 last month, and the
market moved approximately 25 pips. To see a video of last
month’s trade, click on the link below:
http://www.tradingliveonthenews.com/vid/USCADGDP103107/
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!!!!
Filed under News Trade Calls By DustinCategories
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Market Commentary
For this morning’s live trade, we were watching the US GDP. It
came out as expected, so that was a no-trade as far as the news
trade goes. However, this morning was a really good morning
for educational purposes. We covered a lot of information
about the way the banks can manipulate the market and how they
trigger these large runs, and I talked about of the emotional
side of trading, discipline, and how it can affect our trading.
To watch the video, and you can do so by clicking on the link below:
http://www.tradingliveonthenews.com/vid/USGDP112907/