TRADE CALL RECAP
For our last live trade call, we were watching the UK CPI report yesterday morning. We recommended raising the safe trigger for this release, so we were looking to sell the GBPUSD if the number came out at least 0.3% worse than expected. The actual number came out only 0.1% worse than expected so it did not meet our safe trigger.
OUR NEXT LIVE ON THE NEWS TRADE CALLS
Our next live trade opportunities come tomorrow when the UK Retail Sales and US CPI reports are released. Our first opportunity could be the best when the UK Retail Sales report is released at 4:30 am EDT (8:30 am GMT). For this release we will focus on the Retail Sales (MoM) figure, and the expected number for this report is 0.1%. We will be looking for a deviation of at least 0.4% on this report to trigger a safe trade. A higher than expected number will be good for the GBP and signal a long on the GBPUSD, and a lower than expected number will be bad for the GBP and signal a short on the GBPUSD.
We will prefer to see a sell trigger on this particular release as it could affect the GBP more if the number comes out worse than expected. However, we could still see a 20-40 pip move if the safe buy trigger is met. I will most likely close the entire trade with 20-40 pips if we get a buy trigger. If we get a sell trigger and get a move of 30-40 pips, I will most likely close a portion of the trade and then lock in and hold the other portion of the trade for an even larger potential move.
The UK Retail Sales met our safe trigger nine months in the last year, and the GBPUSD moved between 25 and 80 pips each time, except for a couple of times in which there were extenuating circumstances. This release last met our safe triggers in March, and traders reported up to 50 pips of profit on the trade. The chart below shows how the GBPUSD reacted to March’s release:
The video of March’s trade can be seen below:
httpv://www.youtube.com/watch?v=yxb2LjLM4t8
Our second live trade opportunity comes when the US CPI report is released at 8:30 am EDT (12:30 pm GMT). Our focus will be on the Core CPI number and the currency pair you should trade is the EURJPY as it typically moves much better than the GBPUSD.
A higher than expected number will be good for the USD and signal a long on the EURJPY, and a lower than expected number will be bad for the USD and signal a short on the EURJPY. For the Core CPI figure, we will raise our safe trigger so we will be looking for a deviation of at least 0.2%.
We will most likely prefer a sell trigger on this report as the EURJPY is currently in a down trend. We can anticipate a 25-40 pip spike either way, but it may just be a temporary move if we get a buy trigger. We will use caution on this trade as it hasn’t moved as much recently, and that is why we will raise our safe trigger to 0.2% tomorrow. In addition, there is some other US data coming out at the same time that could also affect the EURJPY.
This report has met our raised safe trigger two times in the last year, and the EURJPY moved 25 to 45 pips each time. This report last met our safe trigger in February and we had traders report profits of up to 10 pips on the trade. Below is a chart showing the movement of the EURJPY at the time of February’s release:
The video of February’s trade is below:
httpv://www.youtube.com/watch?v=8JQl8ffdx6U
This is our current outlook for these trades; 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 releases to get my commentary on these potential trades.
Good Luck!!!!
HOW TO TRADE THE FREE CALLS
If this is the first time you are receiving my trade calls, please visit…
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://oracletrader.net/signup
Leave a Reply