TRADE CALL RECAPS
Our last live trade calls were last Friday when we were watching the Canadian and US jobs reports.
For the Canadian Labor Change data, we were looking to sell the EURCAD if the data came out at least 15k better than expected. The actual number came out 64k better than expected, so it easily met our safe sell trigger. The market moved down quickly and we had traders report profits of up to 27 pips on the trade. A few traders were still in the trade when we closed the room, and they had the opportunity to take well over 100 pips on the trade as the EURCAD continued down throughout the day. The video for this trade is below:
httpv://www.youtube.com/watch?v=0mP7MzERgDw
For the US Non-Farm Payrolls report, we were looking to buy the EURJPY if the number came out at least 65k better than expected. The actual number came out 114k better than expected, so again we had a strong deviation that met our safe buy trigger and we entered a trade. The market reacted very quickly and we had traders report profits of up to 94 pips in a matter of seconds! Again, some traders held the trade longer and reported over 100 pips of profit on the trade. The video for this trade is below:
httpv://www.youtube.com/watch?v=LNPsmaISD2Q
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 EST. We will be focusing on the Industrial Production (MoM) figure. The expectation for this report is 0.5%. 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 GBPUSD.
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 triggers. If we get a buy trigger, we will most likely take quick profits on the trade.
This report last met our safe trigger in October, and we had traders report profits of up to 60 pips, depending on their entries. This particular trade had a stronger move than normal due to the huge deviation of 2.7%.
The chart for the GBPUSD at the time of October’s trade is below:
A video of October’s trade is below:
httpv://www.youtube.com/watch?v=7nTCd_HWAZA
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
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http://www.forextradersdaily.com/signals.htm
for important information on how to use my calls.
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