I would like to recap the trades for this week and let you know of the upcoming trades we will have next week.
We had a great week of trading this week, as we had three trades meet our safe triggers and provide some good profits for our traders. The first trade that met our triggers was the NZD Retail Sales report on Monday evening.
The trade hit our deviation of 0.3% and we had a nice drop on the NZD/USD. We had several traders report gains of 25 pips or more on the initial move, and we had some traders that let the trade run with a portion of their trades and make over 100 pips of profit.
To view the video of this trade click on the link below:
The second trade that hit our safe trigger was the UK CPI report on Tuesday morning. The trade met our deviation of 0.2% and we had a significant move on the GBP/USD. Many traders reported profit of between 50 and 70 pips in the initial few minutes after the report. We even had a trader stay in the trade and close out the trade later with over 200 pips of profit!
To view the video of this trade click on the link below:http://www.tradingliveonthenews.com/vid/UKCPI081407
Finally, the UK Retail Sales report on Thursday hit our safe trigger of 0.4%. This was not as big of a mover as the others, but we did have many traders report profits of between 10-20 pips on this trade.
To view the video of this trade click on the link below:
NEXT WEEK’S OUTLOOK
Next week there are four news releases we will be trading in the Live on the News Trade Room. The reports are as follows: CAD CPI excluding CORE 8 (MoM) Release date: 08/21/2007 07:00:00 AM EDT STCA Canada Retail Sales Release date: 08/21/2007 08:30:00 AM EDT
UK GDP Chained GDP Release date: 08/24/2007 04:30:00 AM EDT US Durable Goods New Orders Release date: 08/24/2007 08:30:00 AM EDT
We look forward to these opportunities as we have had some very strong moves on some of these releases in the past few months. I will be sending out specifics on each Live on the News Trade Call prior to each of these releases. I hope everyone has a great weekend and I hope to see you on Tuesday for our next Live on the News trade.
