TRADE CALL RECAPS
For our last live trade call, we were watching the Canadian Labor Change report and the US Retail Sales report last Friday. For the Canadian Labor Change report we were looking to sell the EURCAD if the number came out at least 15k better than expected. The actual number came out only 5.4k better than expected, so it did not meet our safe trigger. However, the row 2 data came out in agreement and the EURCAD and USDCAD both moved very well. The video of this trade is below.
httpv://www.youtube.com/watch?v=3e7QsxV2LXc
The second report we were watching was the US Retail Sales, and we were looking to buy the EURJPY if the number came out at least 0.5% better than expected. The actual number came out 0.7% better than expected so it met our safe trigger and we entered a trade. This had a very good effect on the EURJPY and we had traders report profits of up to 32 pips of profit on this trade. The video of this trade is below.
httpv://www.youtube.com/watch?v=E7ObNgeSTss
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live trade opportunity comes tomorrow when the US CPI report is released at 8:30 am EDT. For the US CPI report, 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 at least 0.1% on this report to trigger a safe trade.
We are going to focus on the EURJPY for this trade tomorrow as the GBPUSD has gone the wrong way lately. We will most likely prefer to see a buy trigger on this as a buy trigger should have a big impact on the stock market, but we could see a good spike of 20-25 pips either way. We will use some extra caution as there is some additional US data coming out at the same time as this release, so we will likely raise the safe triggers to 0.2%.
This report last met our safe trigger last month, although we were focusing more on the Canadian Retail Sales report that was coming out at the same time. We had traders report small gains of up to 10 pips on the trade. The movement of the EURJPY around the time of last month’s release is below:
The video of last month’s trade is below:
httpv://www.youtube.com/watch?v=8JQl8ffdx6U
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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