TRADE CALL RECAP
For our last live trade call, we were looking at the US Non-Farm Payrolls report on Friday morning. For this report, we were looking to buy the EURJPY if the number came out at least 65k better than expected. The number came out only 51k better than expected, so it did not meet our safe buy trigger. Some traders traded the medium trigger and reported profits of up to 55 pips on the trade.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live trade opportunity comes tomorrow when the UK Industrial Production report is released at 4:30 am EDT (8:30 am GMT). We will be focusing on the Industrial Production (MoM) figure. The expectation for this report is 0.3%. We will be looking for a deviation of at least 0.5% on this report to trigger a safe trade. A better than expected figure will trigger a buy on the GBPUSD.
Our bias will be to the sell side on this particular release, but we can probably anticipate a 20-40 pip move either way if this release meets our safe triggers. If we get a buy trigger, we will most likely take quick profits on the trade.
This report last met our safe trigger in June, and we had traders report small profits or small losses, depending on their entries.
The chart for the GBPUSD at the time of June’s trade is below:
A video of June’s trade is below:
httpv://www.youtube.com/watch?v=NDIw8Vi2lHE
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/