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News Trade Calls
Live Trade Call for December 6, 2007
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live trade call will be tomorrow when the UK
Industrial Production report will be released at 4:30 am EST.
We will be focusing on the Industrial Production (MoM) figure,
which will be Row 1 on the RSS. The expectation for this
report is 0.2%. We will be looking for a deviation of 0.5% to
trigger a safe trade. A higher than expected number would be
good for the GBP and would signal a long on the GBP/USD, and a
lower than expected number would be bad for the GBP so that
would signal a short on the GBP/USD.
This release last met our safe trigger last month and we had
traders report profits of up to 30 pips on the trade. To see
the video of last month’s trade click on the link below:
http://www.tradingliveonthenews.com/vid/UKIndProd110507/
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 the Industrial Production report, we were looking to long
the GBP/USD if the report came out at least 0.5% better than
expected. The actual number came out with a deviation of 0.2%,
so it did not meet our safe trigger and we did not enter a
trade. To see a video of this trade, please click on the link
below:
http://www.tradingliveonthenews.com/vid/UKIndProd120607/