Today we had 3 different pieces of data that we were watching with the intention of trading 2 different currencies and we were able to manage everything efficiently thanks to the RSS. The us data missed our triggers and so did the Cad data however there are always many that trade using lower deviations and today was no exception.
We had many reports of profits on both the US and the Cad trade. The US trade started off really slow and was realistically a little on the dangerous side for those that held out because there was a revision on the Personal Spending and the Core only deviated by .1 but it still paid out around 20 pips for those that hung in there.
We really didn’t have many reports of people trading the US data however those that did report made money for the most part. I think the Cad data was the bigger success of the two with the CAD GDP deviating by .2 the EUR/CAD moved down by around 100 pips which was a surprising move for the deviation that we got but none the less it was a great trade.
We had a report of almost 8k on today’s trade from one trader which can be seen in the transcripts on the video page. To see the video of this trade click on the following link.
www.forexmastermaker.com/vid/cadgdpuscorepce43007
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have one of my favorite reports coming out. There was a time when I really didn’t like this release because it is a private release and they tend to be leaked occasionally however this one tends to be pretty good. The last few months we haven’t received a signal on this so I’m hoping for a good move tomorrow.
The report is the US ISM Manufacturing report and it is expected to be 51.0. I will look for around 1.5 in deviation to trade this report and a higher than expected number will signal a sell and a lower than expected number will signal a buy. I will be trading the GBP/USD and this is scheduled for 8:30am eastern.
Good Luck!!!!
