TRADE CALL RECAP

For our last live trade call, we were looking at the Canadian
Retail Sales this morning, and we were looking to enter a long
only on the USDCAD if the figure came out at least 0.4% worse
than expected.  The actual number came out with a deviation of
0.3%, so it did not meet our safe trigger and we did not enter
a trade.  To see a video of this particular trade, click on the
link below:

http://www.tradingliveonthenews.com/vid/CADRetailSales102208/

OUR NEXT LIVE ON THE NEWS TRADE CALL

Tomorrow we will have an opportunity to trade when the UK
Retail Sales Report is released at 4:30 am EDT.  We will focus
on the Retail Sales (MoM) figure, and the expected number for
this report is -0.7%.  A higher than expected number will be
good for the GBP and signal a long on the GBP/USD, and a lower
than expected number will be bad for the GBP and signal a short
on the GBP/USD.  We will be looking for a deviation of 0.4% on
this report to trigger us into a safe trade.  

This release has met our safe trigger in eight out of the last
twelve months, and the market has moved between 20 and 90 pips
each time.  It met our safe trigger last month and provided
traders with up to 40 pips of profit, depending on their
entry.  To see the video of last month’s trade, click on the
following link:

http://www.tradingliveonthenews.com/vid/UKRetailSales091808/

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 Wednesday, October 22nd, 2008 at 4:44 pm and is filed under UK 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.