The last trade call I sent out was for the US Durable Goods Ex Transportation which was expected to be released at .6. We were looking for 1.5 in deviation and our trigger was not hit so this was a none trade. To see the video of this trade click the following link:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have the UK GDP coming out at 4:30am EDT. The expected number is .7 and this very rarely deviates more than .1 and really doesn’t deviate at all generally. Historically this has been the safest when deviations of .2 or more have occurred however you may be able to get away with using .1 just be aware that it may only move 15 or 20 pips and with a large spread it may not be worth trading with such a small deviation.
If the release comes out higher than expected I will go long on the GBP/USD and if it comes out lower than expected I will go short. I don’t think I have ever seen a revision on this and it generally is a really cut and dry trade.
Good Luck!!
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: <a href="https://twitter.com/YourDlyAnalysis">Twitter</a>, <a href="https://www.facebook.com/ForexTradersDaily/">Facebook</a>, and <a href="https://www.youtube.com/user/forextradersdaily/featured">Youtube</a>.
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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.
