Today we had the Cad GDP which came out .2% lower than expected. as I said yesterday a lower number would give a long biased. In my email I said that .2% deviation would be a long signal however we had a lot of new people in the trade room today and this was a fairly complicated trade with there being multiple releases so I used a higher trigger for the trade room and ended up with no trade. I hope you were able to pick up a few pips. I didn’t :). Tomorrow we have one of the most anticipated releases of the month coming out and as long as there are no revisions and the release deviates by more than 35k it will be cut and dry however since there is no what to know ahead of time about a revision the safe trigger is closer to 50k. Historically the non farm has always paid at least 50 pips even with major revisions however lower deviations tend to be more affected by revisions and carry a higher risk. I am currently moving my members site to a new location and all the data is not in place so I will just share this with everyone. To see my study of the Non Farm go to www.forexmastermaker.com/nfp.htm. To see the chart images click on the pips moved column. I go back about three years on most releases and post this data in the members area.
This is what I will be doing tomorrow.. The Non farm is expected at 125k. If it deviates by 40k I will trade 1 lot per 10k of margin and if it deviates by 50k I will trade 2 lots per 10k of margin. Assuming a 30 pips stop this is a 6% risk. If you look back over the last few years of data in that study I posted you will see that the win/loss ratio is very higher using the deviation levels I am using. If you use the risk model I am using you will make 10% per 100 pips using the high risk trigger or 20% per 100 pips using the safe trigger of 50k. This release alone can make your month and the average deviation is 60k so there is a good chance it will hit the trigger. If the numbers come out higher than expected I will sell GBP/USD and if the numbers come out lower than expected I will buy GBP/USD. This release comes out at 8:30am eastern. If this is the first time you are receiving my trade calls login to www.forexmastermaker.com/signals.htm for important information on how to trade using my signals. Good Luck, I hope you make a boatload!!!
