Posts Tagged ‘US ISM Mfg’

Aug
01/10

Live Trade Call for August 2, 2010

Last Updated on Sunday, 1 August 2010 10:54
Written by dustin pass
Sunday, August 1st, 2010

TRADE CALL RECAPS

For our last live trade call, we were watching the US and Canadian GDP reports last Friday morning. Our main focus for these trades was the US GDP, as that typically moves better than then Canadian GDP. For the US GDP, we were looking to sell the EURJPY if the data came out at least 0.5% worse than expected. The actual data only came out 0.2% worse than expected, so it did not meet our safe triggers and we did not enter a trade. The EURJPY had about a 30 pip reaction to this data as the GDP Price Index came out in strong agreement with GDP number.

For the Canadian GDP, we recommended not trading it, but those who did were looking to sell the EURCAD if the number came out at least 0.3% better than expected. The actual number came out 0.2% better than expected, so it did not meet our safe triggers. The EURCAD did not have a strong reaction to this data.

OUR NEXT LIVE ON THE NEWS TRADE CALL

Our next live trade opportunity comes tomorrow when the US ISM Manufacturing Report is released at 10:00 am EDT (2:00 pm GMT). The expected number for this report is 54.3. A higher than expected number will be good for the USD and signal a long on the USDJPY and EURJPY, and a lower than expected number will be bad for the USD and signal a short on the USDJPY and EURJPY. We will be looking for a deviation of at least 2.1 on this report to trigger a safe trade.

For this trade we will focus on the EURJPY and we will likely prefer a buy trigger as a better than expected number could have a bigger impact on the stock market. However, we could see a good move on a sell trigger as well, so we will trade it either way.

This report last met our safe trigger in April, and we had traders report small profits or small losses, depending on their entries. The chart of the EURJPY at the time of April’s release is below.

The video of April’s trade is below:

httpv://www.youtube.com/watch?v=s2GlFws6Pm4

This is our current outlook for this trade opportunity; 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 the trade.

Good Luck!!!!

HOW TO TRADE THE FREE CALLS

If this is the first time you are receiving my trade calls, please visit…

http://oracletrader.net/guide

for important information on how to use my calls.

WOULD YOU LIKE ME TO COACH YOU THROUGH
THIS TRADE IN REAL TIME TOMORROW?

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Jun
30/10

Live Trade Call for July 1, 2010

Last Updated on Wednesday, 30 June 2010 11:37
Written by dustin pass
Wednesday, June 30th, 2010

TRADE CALL RECAP

For our last live trade call, we were watching the Canadian GDP report this morning. For this trade, we were looking to buy the EURCAD if the number came out at least 0.3% worse than expected. The actual number came out with only a -0.2% deviation, so it did not meet our safe trigger. A few traders reported getting in on a medium trigger and making up to 20 pips on the trade.

TRADE OPPORTUNITY TONIGHT

There is an opportunity to trade tonight when the AUD Retail Sales is released at 9:30pm EST (1:30 am GMT). Your focus should be on the AUD Retail Sales (MoM) figure, which is expected to be 0.5%. We have placed a safe trigger of 0.7% for this release. We have historically seen moves of around 25-50 pips when this release has had a deviation of 0.7% or higher.

There is some additional data coming out of Australia at the same time that could impact this trade, so we will urge caution on this particular release. In addition, Australian data can come out late, so if you see a strong move before you receive the data, you should turn off the auto-click quickly.

This trade last met our safe trigger in March and the AUDUSD moved approximately 45 pips. The chart for the AUDUSD around the time of March’s trade is below:

We will not have the Profit Center (live trade room) open for this trade, but I wanted to make you aware of the opportunity.