TRADE CALL RECAP

For my last live trade call, we were watching the UK GDP report
that was released last Friday.  We were going to trade if the
deviation was 0.1% or higher.  The actual number came out with
no deviation, so it did not meet our trigger and we did not get
in a trade on this release.  To see the video of this news
event, click on the links below:

http://www.tradingliveonthenews.com/vid/UKGDP032808/

OUR NEXT LIVE ON THE NEWS TRADE CALL
 
The next trade will be at 8:30 am EST when the Canadian GDP
report is released.  The expectation for this number is 0.5%,
and we will be looking for a deviation of at least 0.2% to
trigger a safe trade. A higher than expected number would be
good for the CAD and signal a sell on the USD/CAD and EUR/CAD.
We can expect a 30-50 pip move on the USDCAD if it meets our
safe trigger. 

This report last met our safe trigger last month and we had
traders report profits up to 50 pips on the USDCAD and 75 pips
on the EURCAD.  To see last month’s video, click on the link
below:

http://www.tradingliveonthenews.com/vid/CADGDP030308/

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 the trade.

BANK FLOW RECAP

On Friday, we did not get any calls through the Trade Alert Pro
software from Jonathan.  However, for those who attended the
European Trade Room session, Jonathan talked about levels on
different currencies.  In particular, he mentioned a sell on
the EURJPY in the 158.30 area, and a sell on the AUDUSD at
the .9240 level.  Later in the morning, both of those levels
were struck almost to the pip and the EURJPY dropped over 150
pips from that level, and the AUDUSD dropped over 80 pips from
its level.  We had several traders report later that they
entered those trades and made some good profits on them.

Our next Bank Flow Trade Room will begin at 4:30 am EDT
tomorrow morning, followed by another session at 9:00 am EDT.

If you have not yet had a trial of our Bank Flow services, you
may sign up using the link below:

http://www.forextradersdaily.com/go.php?t=1

Good Luck!!!!

This entry was posted on Sunday, March 30th, 2008 at 5:05 pm and is filed under CAD News Data. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.