TRADE CALL RECAP
For our last live trade call, we were looking at the US ISM Manufacturing report yesterday morning. For the US ISM, we were looking to buy the EURJPY if the number came out at least 2.1 better than expected. The number came out 3.6 better than expected, so it easily met our safe buy trigger and we entered a trade. We had traders report up to 42 pips of profit on this trade. A video of this trade is below.
httpv://www.youtube.com/watch?v=SZo4roKsYe0
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live trade opportunity comes tomorrow when the US Non-Farm Payrolls report is released at 8:30 am EDT (12:30 pm GMT). We will focus on the Non-Farm Payrolls figure, which is expected to be approximately -100k jobs. We have changed our focus on this one to the EURJPY as it has moved much better than the GBPUSD in recent months. We will set our safe triggers at 65k jobs for this particular release.
We will most likely prefer a buy trigger as that could potentially have a bigger impact on the stock market than a sell trigger. I anticipate a 30-50 pip spike either way, but it may just be a temporary move if we get a sell trigger. We will use some caution on this particular release as the market can become very volatile and make very quick spikes, so it will be important to keep a close watch on your trade and close quickly or lock in profit very soon after entry if it triggers.
This report last met our safe trigger last month, and we had traders report profits of up to 53 pips on the EURJPY. The chart below shows the movement on the EURJPY at the time of last month’s release:
The video of last month’s trade is below:
httpv://www.youtube.com/watch?v=StUZ2WIeDUQ
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!!!!
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