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Posts Tagged ‘live trade room’

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
Mar
03/09
Trade Opportunity Tonight – March 3, 2009
Last Updated on Tuesday, 3 March 2009 04:01
Written by dustin pass
Tuesday, March 3rd, 2009

TRADE OPPORTUNITY TONIGHT

Australian GDP

There is an opportunity to trade tonight when the Australian GDP is released at 7:30pm EST. Your focus should be on the GDP (QoQ) figure, and the expectation for this release is 0.2%. We have placed a safe trigger of 0.4% for this release; however, you may be able to lower the trigger to 0.3% and still have a fairly safe trigger. We have historically seen moves of around 25 to 40 pips when this release has met the safe deviation.

We would prefer to see a sell trigger as the AUDUSD is currently in a down trend, although it made a strong move up after the RBA decided not to change interest rates last night. There is strong resistance at the 0.6450/60 area, so if there is a buy trigger tonight you may want to get out at that area as there will be less chance of a sustained move on a buy trigger.

Below is a chart on the AUDUSD from the last time this release met a 0.3% trigger last June.

Live Trade Room

We will not have the Live Trade Room open for this trade, but I wanted to make you aware of the opportunity.

Live on the News

Our next Live on the News trade opportunity will be on Friday when the US Non-Farm Payrolls report is released.

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
TRADES IN REALTIME?

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

Tags: , , , , ,   |  Posted under AUD News Data  |  Comments  No Comments

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