TRADE CALL RECAP

For our last live trade call, we were looking at the UK Industrial Production report this morning. For this report we were looking to buy the GBPUSD if the number came out at least 0.5% better than expected. The number came out 0.5% better than expected, so it just met our safe trigger and we entered a trade. We had traders report profits of up to 35 pips on the trade, depending on their entries. The video of this trade is below:

httpv://www.youtube.com/watch?v=o7y615VkPd8

OUR NEXT LIVE ON THE NEWS TRADE CALL

Our next live trade opportunity comes tomorrow when the Canadian Labor Change report is released at 7:00 am EDT (11:00 am GMT). This is one of my favorite releases as our safe trigger is often met and we get some very good moves on this particular release. The expectation for this report is around 26k jobs.

A higher than expected number will be good for the CAD and signal a short on the USDCAD and EURCAD, and a lower than expected number will be bad for the CAD and signal a long on the USDCAD and EURCAD. We will be looking for a deviation of 15k on this report to trigger a safe trade.

We are not biased either way for this trade as it should provide a good move either way. We will keep an eye on the trade if it triggers and determine at that time if we will continue to hold a portion of the trade or close completely when we see a 30 to 50 pip move.

This report has met our safe trigger in ten out of the last twelve months, and we have had traders report profits of 30 pips and more on each trade. We have even had traders report profits of up to 100 pips and more on the EURCAD on this release!

This release last met our safe trigger in February and we had traders report profits of up to 30 pips on the trade. The chart for the USDCAD at the time of February’s trade is below:

The video of February’s trade is below:

httpv://www.youtube.com/watch?v=n2UTGXTvJ00

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

This entry was posted on Thursday, April 8th, 2010 at 11:53 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 skip to the end and leave a response. Pinging is currently not allowed.