OUR LAST LIVE ON THE NEWS TRADE CALL
Today we were trading the Canadian CPI and the Retail Sales. The plan for the CPI was to go long if the number came out less than expected by .2 or more and our triggers were hit.
This did not move as much as I had anticipated however we closed out pretty close to the top. Most picked up around 11 to 13 pips. I personally got requoted and did not accept the requote so I missed out on this all together.
Later in the morning we traded the Cad retail sales, In the Room many used a trigger of .4 I personally used a trigger Of .5 so I missed the trade. The plan was to go long if the Retail sales came out lower than expected by .5. As I said I didn’t get in this however there were a few that made some pips on this trade. This release was also weaker than I had anticipated.
I had to run out and catch a plane shortly after this trade so I did not get a chance to put the videos for these trade on The web however I will work on getting them posted soon.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have the UK GDP q/q to be released at 4:30 am and is expected to be .7%. I will be looking for .2% in deviation in order to enter this trade. A higher than expected number will signal a buy on the GBP/USD and a lower than expected number will signal a sell on the GBP/USD.
In all likely hood this will not hit our triggers however if it does it will be a good 40 to 50 pip move. Keep an eye on the yearly as well however it will probably not conflict.
Good Luck trading!!!
