OUR LAST TRADE CALL
The last release we watched was the Cad GDP and it came out as expected which resulted in a no trade.
OUR NEXT FOREX ‘LIVE ON THE NEWS’ TRADE CALL…
Tomorrow we have 2 very good trades that we will be trading in the room. The first of the two is the UK Industrial Production which is expected at .1%. This release has historically moved the market quite well with .5% deviation so that is what I will use for my trigger.
A higher than expected number will result in a buy on the GBP/USD and a lower than expected number will signal a sell. If you are a member of my live calls I would suggest looking at the study to familiarize yourself with the historical movement this release has had. This data will be released at 4:30am eastern.
SECOND ON THE LIST
The next release that we will be watching is the US Non Farm Payroll which is expected at 120k. This release is a very big mover and can be traded with lower deviation however if you go to much below 30k and you get a revision it could be disastrous.
For that reason I use 50k as my trigger and this gives a cushion in the case of a revision. As longs as it hits our trigger and the revision is below 15 to 18k this should provide for a good move.
A higher than expected number signals a sell on the GBP/USD and a Lower than expected number signals a buy. This is released at 8:30am eastern. The study for this release is also in the members Area.
ANOTHER RELEASE WORTH WATCHING
Tomorrow Canada will be releasing there Net Change in unemployment. This is a release I have been watching for a while now and I may add it to the roster before to long. We will not be trading this in the room however for those watching this on there own this is for you. The expected number is 15k. A pretty safe trigger is around 20k and this is almost like a mini NON FARM. It moves the market very well. A higher than expected number signals a sell on the USD/CAD and a lower than expected number signals a buy. If we decide to trade this in the room I will post the study in the members are. This is being released at 7am eastern
FOR ALL MEMBERS
I am going to host a session tonight at 9pm eastern that will be to Check the system and allow everyone to login and verify that they can See everything etc. This is mainly for the new subscribers but tomorrow Is a big day so if you want to verify your setup I will be on in about 2hrs.
Good Luck trading!!!
