I wanted to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered two separate releases. The first was a great trade and I hope you were able to capitalize on it. The plan was to go short if the release came out lower than expected by .4 or more and our trigger was hit and a great move followed.
To see what entries that many of the traders in my room got you can read the transcripts and watch the video of this trade by clicking the following link:
The Second release we were watching was the Cad Retail Sales and we were focusing on the Core numbers which came in as expected so it was a no trade. We did get a good move based on the monthly figures however our focus was on the Core so we did pass. To see the video of the trade click on the following link:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have US Durable Goods which is expected at .6 and will be released at 8:30 am eastern. A higher than expect number would be good for the US and would signal a short on the USD/GBP and a lower than expected number would be bad for the US dollar so that would signal a long on the USD/GBP.
I would like to see around 1.5 in deviation to make sure that this is a good mover. In the past we have seen moves of 30+ pips with deviations of this and higher. A good example is back in March of this year we got 1.9 and the market moved really well. If you would like to see a video of that trade and the transcripts you can click the following link:
There are two components to this trade and the one we will focus on is the Core. We will also monitor the regular monthly figure and revisions are probable so we will also watch that.
Good Luck!!!!
