Today we were trading the US Durable Goods and we were looking for around 1.0 in deviation. Our trigger was struck and a move of about 25 pips followed. Many of us did not get in this trade however there were some that traded it and picked up 10 or 15 pips. I called a close fairly quickly on this because it didn’t move near as fast or as much as I would of expected with the deviation being over 2.0.
To see a video of this release follow this link. www.forexmastermaker.com/vid/usdurablegoods22707
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have the US GDP being released and the expected number is 2.3. I will be using .4 as a trigger and a higher than expected number would signal a sell and a lower than expected number would signal a buy. I will be trading the GBP/USD and this data will be released at 8:30 am eastern.
If my triggers are hit we will probably see a move of around 30 to 50 pips.
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: <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>.
More Posts
Comments
comments
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.
