Lets review.
OUR LAST TRADE CALL
The last call was for the UK Trade Balance which we were expecting at -6.2b. I said that if it came out lower than expected by .5 billion to sell…
The release hit our trigger and was also pushed down by a revision from the month before coming out higher than what was released. The market moved down the rest of the session so if you entered based on my call you should have done very well…
OUR NEXT FOREX ‘LIVE ON THE NEWS’ TRADE CALL…
Tomorrow we have the US Trade Balance coming out at 8:30 am eastern. The expected number is -66.7b. I will be looking for approximately 1.5b in deviation for this trade.
A higher than expected number signals a sell on the GBP/USD and a lower than expected number signals a buy on the GBP/USD. I will be looking for 30 to 50 pips on this trade.
Good Luck trading!!!
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
