OUR LAST LIVE ON THE NEWS TRADE CALL
The last call I sent out was for the US Retail Sales and the plan was to go short if the release came out higher than expected by 1% or more. Our trigger was not met however there were some in my room that went short using a lower trigger level and made some quick profits.
I quickly called a close on the release because there were revisions that were long biased which led to a substantial rally immediately after the numbers came out and the big fall we had initially. This basically turned into a whipsaw with the conflicting data. To see the video follow this link.
US RETAIL SALES
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have UK CPI which is really good mover if our triggers are hit. The expected number is .4% and I will be looking for either .6% or higher in which case I would go long on the GBP/USD or .2% or lower in which case I may go short on the GBP/USD.
I will also keep an eye on the CPI y/y figure however it rarely affects the move. This should be a fairly straight forward trade as revisions are extremely uncommon, in fact I have never seen one. This is due out at 4:30am eastern
FOR MEMBERS
I have added the NZD CPI per request along with the JPY Rate Decision and GER ZEW. See RSS for date and time info.
Good Luck trading!!!
