Written by Barry Battista
Sunday, May 13th, 2012
Before getting into the upcoming trades I have a couple things to mention.
First, lets talk about the Straddle training videos that Larry and I have recorded. I should have made this clear when I alerted everyone to them. These videos are specifically geared toward teaching Straddle users some of the functional details of the product. They are not available for non-Straddle customers to watch. We may make some general sales videos that would be available to everyone, but these are designed to be of value only to Straddle users. So if you are not a Straddle customer, please do not request to have access to them. Sorry I didn’t mention this sooner.
Second, on the High Odds Trading blog today I will put out a post discussing the CAD Employment Change trade from last Friday and, related to this, how I deal with leverage and brokers. I think this will be valuable for many of you.
There is a trade tonight at 6:45 PM, the NZD Retail Sales q/q. Problem is that the markets will have just opened and liquidity will be very light. This has a history of late data, no data at all, and thrashing around before the trade. If you lose more than coffee money on it, you were in way too heavily. Straddlers should use a Buy/Sell Trigger of 2 if you must try it. I’ll go easy on the must try folks since I will be numbered among them. Certainly don’t get up for this if it is in the middle of the night for you.
Tue 5/15 8:30 AM – US Core CPI
Tue 5/15 8:30 AM – US Core Retail Sales (yup, it’s not a misprint. They are both at the same time)
Fri 5/18 8:30 AM – CAD Core CPI
Ugh. That’s it. This really represents only 2 trades. We will do the US Retail Sales and the CAD trade. As you might imagine, there is a great deal of risk involved in the US trade due to the CPI coming out at the same time.
