I hope you had a great weekend I know I did. This weekend was the first game of the season for College Football and I drove up to Atlanta to see the Georgia Tech Notre Dame Game. We tailgated all day and enjoyed the sunny weather with the exception of a few showers. The game was definitely an upset I was hopping to see Georgia Tech take the win and really believe that a few of the calls were a little shady but that’s life isn’t it? Anyway let me do a quick review of what happened on Friday. The Non Farm was expected at 125k and was released at 128k. Talk about an upset. I think they need to fire all the analyst because there doing to good of a job. There was also a revision which was also dollar positive by 8k being revised from 113 to 121. This supported a short move however it was not enough deviation to trade from. If you look at the charts the market did a major whipsaw moving down over 80 pips then moved all the way back up to above the open price.
For tomorrows trade I will be watching the UK Industrial Production. I have just recently added this to the live calls as well. This will be released at 4:30am eastern and is expected at .2%. I will be looking for around .5% deviation on this trade and I will be trading the GBP/USD. If the number comes out higher than expected I will buy and if it comes out lower than expected I will sell. Both situations are dependant on the number coming out higher or lower by at least .5%. This trade has been a very good trade in the past when it hits the trigger. To give you a few examples of what to expect since 12/06/05 this release has met or exceeded .5% deviation 4 times. The least amount of movement we had from this trigger was 38 pips. and as much as 48 pips. That is the first swing high or low that occurred within the first 5 to 10 minutes. However if you go down even .1% the move drops drastically. The last time it came out at .4% deviation was 9/06/05 and the market only moved around 19 pips. In order for me to trade a release I want to see a consistent move of 30+ pips with a given deviation and for this release .5% is the safest deviation. The focus is the (MoM) however I will watch the (YoY) because it can have an effect if it deviates enough. If you go back and look at 2/09/05 the (MoM) was only off .3% but the market moved 55 pips. Obviously the .3% deviation was not responsible for this on its own the (YoY) was off a full 1% of which caused the extended move. If this is the first time you are receiving my tradecalls please visit this page for important information on how to trade my calls. www.forexmastemaker.com/signals.htm Good Luck!!!
