CANADIAN AND US GDP REPORTS PROVIDE UP TO 50 PIPS
Our last live trade calls were this morning when we were
watching the both the Canadian GDP and the US GDP reports that
were released at the same time.Â
We suggested you focus on the Canadian GDP as is typically
triggers more and typically has a larger move if it meets our
safe trigger. For the Canadian GDP, we were looking to long
the EUR/CAD if the number came out at least 0.2% worse than
expected. The actual number came out 0.3% worse than expected
so it met our safe trigger. We had several traders report up
to 55 pips of profit on this trade. (…)
TRADE CALL RECAP
Our last live trade call was this morning when we were watching
the US ISM Manufacturing report. This report did not meet our
safe trigger as we were looking for a 2.5 deviation or higher,
and the number came out only 1.7 better than expected. We did
have a few traders get in on a medium trigger and report up to
35 pips of profit. To see the video of this trade, click on
the link below:
http://www.tradingliveonthenews.com/vid/USISM060208/
TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Trade
Balance report is released at 9:30pm EDT. The expectation for
this release is -$900 Million. We have placed a safe trigger
of $500 Million for this release. We have historically seen
moves of around 15 to 30 pips when this release has met the
safe deviation, so you will want to be careful especially if
your broker widens spreads. We will not have the Live Trade
Room open for this trade, but I wanted to make you aware of the
opportunity. (…)
CANADIAN GDP PROVIDES UP TO 50 PIPS
Our last live trade calls were this past Monday when we were
watching the Canadian GDP and US ISM Manufacturing reports. (…)
TRADE CALL RECAP
This morning we were watching the Canadian GDP Report. For
this report, the plan was to go long on the EUR/CAD if the
release came out lower than expected by 0.2% or more from the
expected number. The actual number came out with no deviation,
so our trigger was not hit and we did not enter this trade. (…)
I would like to recap what we did on the last live trade call
and give you the criteria for a possible trade tomorrow. The
last trade call I sent out covered the US ISM report yesterday. (…)
I would like to recap what we did on the last live trade call
and give you the criteria for a possible trade tomorrow. The
last trade call I sent out covered the UK Industrial Production
report this morning. (…)
This morning we were trading two different releases out of two
different countries. The first report was the Canadian Labor
Change report, and the second was the US Non-Farm Payrolls
report. (…)
We were watching two news releases this morning, neither of
which hit our triggers. (…)
I would like to recap the trades for this week and let you know
of the upcoming trades we will have next week. (…)
I wanted to recap what we did on the last live trade calls and give you the criteria for a possible trade tomorrow. (…)