TRADE CALL RECAP
For our last live trade call, we were looking at the UK Industrial Production report this morning. For this release, we were looking to buy the GBPUSD if the number came out at least 0.5% better than expected. The number came out only 0.3% better than expected, so it did not meet our safe buy trigger.
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). The expectation for this report is around 14k 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 is our favorite release of the month as it often meets our safe triggers and provides a strong, consistent move most months. This report has met our safe trigger in eight 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 this release in May! The chart for the USDCAD at the time of May’s trade is below:
The video of May’s trade is below:
httpv://www.youtube.com/watch?v=XUjj2EDVX6E
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 Profit Center 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…
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.oracletrader.net/signup/