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!!!
