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Apr
22/09
Live Forex Trade Call
Last Updated on Wednesday, 22 April 2009 06:17
Written by dustin pass
Wednesday, April 22nd, 2009

for April 23, 2009…FOREX TRADE CALL RECAP

For our last live on the news trade, we were watching the UK CPI report yesterday. We were looking to buy the GBPUSD if the number came out at least 0.2% better than expected. The actual number came out with no deviation, so it did not meet the safe trigger and we did not enter a trade.

OUR NEXT LIVE ON THE NEWS FOREX TRADE CALL

Tomorrow we will have an opportunity to trade when the Canadian Retail Sales Report is released at 8:30 am EDT. Our main focus will be on the Canadian Retail Sales Less Autos report, and the expected number for this report is 0.2%. A higher than expected number will be good for the CAD and signal a short on the USD/CAD and EUR/CAD, and a lower than expected number will be bad for the CAD and signal a long on the USD/CAD and EUR/CAD. We will be looking for a deviation of 0.4% on this report to trigger a safe forex trade.

For this trade, we will focus on the EURCAD as there is some US data coming out at the same time that could impact the USDCAD. We will probably prefer to see a buy signal on this as the EURCAD seems to be trying to break out of the down trend it has been in since the end of March, but it should still be tradable either way. We will use caution on this particular release as we have had some quick spikes then reversals lately on this particular release.

This report has met our safe trigger in seven out of the last twelve months and has provided moves of 20 to 90 pips each time. It last met our safe trigger last month and provided traders with up to 20 pips of profit on the USDCAD and EURCAD, depending on their entries. The chart below shows the movement of the EURCAD at the time of last month’s release.

cadretailsales03-20-091
To see the video of last month’s trade, click on the following link:

http://www.tradingliveonthenews.com/…ilSales032009/

This is our current outlook for this trade; however, it is subject to change as forex 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!!!!

HOW TO TRADE THE FREE CALLS

If this is the first time you are receiving my trade calls, visit to  get more trade signal information for important information on how to use my calls.

WOULD YOU LIKE ME TO COACH YOU THROUGH

THIS TRADE IN REALTIME TOMORROW?

Tags: ,   |  Posted under News Trade Calls  |  Comments  No Comments
Apr
16/09
Live Forex Trade Call
Last Updated on Thursday, 16 April 2009 01:23
Written by dustin pass
Thursday, April 16th, 2009

for April 17, 2009…

TRADE CALL RECAP

For our last live forex trade call, we were looking at the US CPI report yesterday morning. For this release we were looking to sell the GBPUSD if the number came out at least 0.1% better than expected. I preferred a buy trade and I cautioned against that this could go the wrong way as it had the previous two months. The actual number came out with a 0.1% deviation, so it met our safe sell trigger and we had a few traders enter a sell trade. As I had cautioned, it did go the wrong way by about 10-15 pips initially. After a few minutes the GBPUSD dropped to provide a few pips of profit for those who did get in a trade. We did not get a good video of this particular trade.

OUR NEXT LIVE ON THE NEWS FOREX TRADE CALL

Tomorrow we will have an opportunity for a trade when the Canadian CPI is released at 7:00 am EDT. There are several components to this release, and we will be focusing on the CAD CPI Excluding Core 8 (YoY) figure. The expectation for this report is 1.9%. We will be looking for a deviation of 0.2% to trigger a safe trade. A lower than expected number will trigger a buy on the USDCAD or EURCAD.

The USDCAD and EURCAD have been in a down trend for the past few weeks, so our focus on this particular release will be biased for a sell on the USDCAD and even the EURCAD. We will use caution on this particular release as it has gone the wrong direction the last couple of months it has met our trigger on this piece of data.

This report last met our safe trigger last month, and after a quick spike in the right direction the market moved against the deviation for a while. The chart below shows how the USDCAD reacted at the time of last month’s release:

cadcpi03-19-09

We do not have a video of last month’s release, so to see a video of December’s trade, click on the link below:

[kml_flashembed movie="http://www.youtube.com/v/-NJaDsr9To8" width="425" height="344" allowfullscreen="true" fvars="fs=1" /]

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 releases to get my commentary on this potential trade.

Good Luck!!!!

HOW TO TRADE THE FREE CALLS

If this is the first time you are receiving my trade calls, please visit…

http://www.forextradersdaily.com/signals.htm

for important information on how to use my calls.

WOULD YOU LIKE ME TO COACH YOU THROUGH

THIS TRADE IN REALTIME TOMORROW?

Then visit: http://www.forextradersdaily.com/forex2.php

Tags: ,   |  Posted under News Trade Calls  |  Comments  1 Comment
Mar
24/09
Live Forex Trade Call
Last Updated on Tuesday, 24 March 2009 07:20
Written by dustin pass
Tuesday, March 24th, 2009

for March 25, 2009…

UK CPI PROVIDES UP TO 60 PIPS FOR FOREX TRADERS

For our last live forex trade call, we were looking at the UK CPI report this morning. We were looking to buy the GBPUSD if the figure came out at least 0.2% better than expected. The actual deviation came out at 0.6%, so it met our safe trigger and we entered a trade. We had reports of several traders entering the trade and making up to 60 pips of profit on this trade. To see a video of this trade, click on the link below:

OUR NEXT LIVE ON THE NEWS FOREX TRADE CALL

We will have an opportunity for a forex trade tomorrow when the US Durable Goods report is released at 8:30 am EDT. We will be focusing on the US Core Durable Goods figure, which is expected to be -2.0%. We will be looking for a deviation of 2.0% on this report to trigger a safe trade. A higher than expected number will trigger a buy on the USDJPY.

We will likely prefer a buy trigger on this as as the USDJPY is in an uptrend. Also, a better than expected number could have a bigger impact on the USD and the stock market, as the number would have to be a positive number to meet our safe trigger. We should still be able to trade a sell trigger, but we will likely look to close out quickly once we see 20-25 pips if it triggers a sell.

This report last met our safe trigger in December, and we had traders report profits up to 5-10 pips on the trade. The chart below shows the movement of the USDJPY at the time of this release. December’s release was affected by the thin liquidity in the market on Christmas Eve.

usdurgood12-24-2008uj

We did not get a video of December’s trade. To see a video of November’s trade, click on the link below:

[kml_flashembed movie="http://www.youtube.com/v/L9fyFtrcQHw" width="425" height="344" allowfullscreen="true" fvars="fs=1&rel=0" /]

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 potential trade.

HOW TO TRADE THE FREE CALLS

If this is the first time you are receiving my trade calls, please visit…

http://www.forextradersdaily.com/signals.htm

for important information on how to use my calls.

WOULD YOU LIKE ME TO COACH YOU THROUGH
THIS TRADE IN REALTIME TOMORROW?

Then visit: http://www.forextradersdaily.com/forex2.php

Tags: ,   |  Posted under US News Data  |  Comments  1 Comment
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