TRADE CALL RECAPS
Last Friday morning we were looking at the Canadian CPI and Retail Sales reports. For the Canadian CPI report, we suggested raising the triggers so we were planning to sell the USDCAD and EURCAD if the number came out at least 0.3% better than expected. The actual number came out 0.4% better than expected, so it met our safe sell trigger and we entered a trade. Both the USDCAD and EURCAD moved down significantly and we had traders report profits of up to 45 pips, depending on their entries. The video of this trade is below.
httpv://www.youtube.com/watch?v=mCACKLIv1Ec
For the Canadian Retail Sales report, we suggested raising the safe trigger to 0.5%. The actual number came out 1.4% better than expected so it again provided a strong safe sell trigger. Again, we had a good move and we had traders report profits of up to 20 pips on this particular trade. The video of this trade is below.
httpv://www.youtube.com/watch?v=z8fPItZ24a4
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity for a trade when the UK CPI report is released at 5:30 am EDT (9:30 am GMT). There are several components to this release, and we will be focusing on the UK CPI (EU Harmonized YoY) figure. The expectation for this report is 3.1%. We will be looking for a deviation of at least 0.2% to trigger a safe trade.
We could see a good initial move with a safe trigger in either direction, but we will most likely close out the trade quickly if we get a buy trigger and hold it if we get a sell trigger. We will want to be very careful on this release as a couple of times in the last few months the initial move has gone against the deviation by about 20 pips before it moved in the correct direction.
This report met our safe trigger seven months last year, and the GBPUSD moved approximately 15-60 pips each time, except for two months when the GBPUSD initially went against the direction of the deviation. This release last met our safe trigger in January and we had traders report profits of up to 25 pips on the trade. The chart below shows the movement of the GBPUSD at the time of January’s release:
To see a video of January’s trade, click on the following link:
httpv://www.youtube.com/watch?v=8a924_98lD0
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 REAL TIME TOMORROW?
Then visit: http://www.forextradersdaily.com/forex2.php
Leave a Reply