TRADE CALL RECAP

Our last live trade call was last Friday when we were watching the US jobs report.  For the US Non-Farm Payrolls report, we were looking to sell the EURJPY if the number came out at least 65k worse than expected.  The deviation came out 88k worse than expected, so it met our safe sell trigger and we entered a trade.  The market reacted very quickly and we had traders report profits of up to 85 pips in a matter of seconds!  The video for this trade is below:

httpv://www.youtube.com/watch?v=P9vvZt3PnjQ

OUR NEXT LIVE ON THE NEWS TRADE CALL

We will have an opportunity for a trade tomorrow when the UK Industrial Production report is released at 4:30 am EDT.  We will be focusing on the Industrial Production (MoM) figure. The expectation for this report is -0.4%. We will be looking for a deviation of at least 0.5% on this report to trigger a safe trade.  A better than expected figure will trigger a buy on the GBP/USD.

Our bias will be to the sell side on this particular release, but we can probably anticipate a 20-40 pip move either way if this release meets our safe trigger.  If we get a buy trigger, we will most likely take quick profits on the trade.

This report last met our safe trigger in August, and we had traders report profits of up to 15 pips, depending on their entries.  August’s move was probably muted due to the PMI data that came out a couple of minutes earlier than expected.

The chart for the GBPUSD at the time of August’s trade is below:

A video of August’s trade is below:

httpv://www.youtube.com/watch?v=emBRhrTlDIg

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 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

This entry was posted on Monday, October 5th, 2009 at 8:00 am and is filed under Forex News Trading Live. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.