TRADE CALL RECAPS

For our last Live on the News events, we were watching the UK
and Canadian GDP reports this morning.  For the UK GDP, we were
looking to long the GBPUSD if the number came out at least 0.1%
better than expected.  The actual number came out with no
deviation, so it did not meet our trigger and we did not enter
a trade.

For the Canadian GDP, we were looking to short the USD/CAD or
EUR/CAD if the report came out at least 0.2% better than
expected. The number came out with a deviation of 0.5%, so it
met our safe trigger and we entered a trade. We had several
traders report getting in and making profits of up to 25 pips
on this trade, depending on their entries.  To see a video of
this trade, click on the link below:

http://www.tradingliveonthenews.com/vid/CADGDP093008/

OUR NEXT LIVE ON THE NEWS TRADE CALL

Our next live trade opportunity will be tomorrow when the US
ISM Manufacturing Report is released at 10:00 am EDT.  The
expected number for this report is 50.0.  A higher than
expected number will be good for the USD and signal a long on
the USD/JPY, and a lower than expected number will be bad for
the USD and signal a short on the USD/JPY.  We will be looking
for a deviation of 2.5 on this report to trigger a safe trade.

This report last met our safe trigger in February and provided
up to 40 pips of profit for our traders on the USD/JPY.  To see
the video of February’s trade click on the following link:

http://www.tradingliveonthenews.com/vid/USISM020108/

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!!!!

This entry was posted on Tuesday, September 30th, 2008 at 4:09 pm and is filed under US 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.