FOREX TRADE CALL RECAPS

Canadian Labor Change Report

The last trade call I sent out covered the Canadian Labor Change report and the Canadian and US Trade Balance reports from last Friday. For the Canadian Labor Change report, we were looking to long the USDCAD or EURCAD if the number came out at least 15k worse than expected. The actual deviation was -27.6k, so it met our safe trigger and we entered a long trade. The EURCAD moved about 50 pips and the USDCAD moved about 40 pips from the pre-release price, and we had traders report profits of up to 30 pips on this particular trade. To see a video of this trade, click on the link below:

Canadian and US Trade Balance Report

For the Canadian and US Trade Balance, I suggested that you focus on the Canadian Trade Balance report as it is typically a better mover when it meets the safe deviation. This report came out with no deviation from the expected number so it did not meet our trigger and we didn’t enter this trade. For the US Trade Balance, I suggested not to trade it or at least increase the trigger to $3 or $4 Billion. The actual number came out $2 Billion better than expected, so it did not meet the higher trigger. However, we had a few traders that left their safe trigger at $1.5 Billion, so they entered this trade. Most of them reported minimal gains of up to 5 pips on the trade. To see the video with these two trades, click on the link below:

OUR NEXT LIVE ON THE NEWS FOREX TRADE CALL

Tomorrow we will have an opportunity to trade live on the news when the US CPI report will be released at 8:30 am EDT. We will be focusing on the US CPI Excluding Food & Energy figure. The expectation for this report is 0.1%. We will be looking for a deviation of 0.1% on this report to trigger a safe trade.

We will be extremely cautious on this particular release as the reaction lately has had a tendency to initially go in the wrong direction. We may increase the trigger for this trade to 0.2% or just wait for a post-spike trade. I would prefer to see a buy trigger on this as the GBPUSD seems to have bottomed out and is making a run higher.

This report last met the 0.1% trigger last month and the GBPUSD initially moved in the wrong direction. I suggested another entry point and from there it dropped back to where most traders had the opportunity to get out with overall profits. The movement of the GBPUSD around the time of last month’s release is below:

We did not get a video of last month’s Forex trade, but to see a video of January’s trade, click on the link below:

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, 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

THESE TRADES IN REALTIME TOMORROW?

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