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This is a little bit long but I wanted to spend some time explaining what exactly this report means and why It affects the market the way it does. If you are only interested in the call you can skip down to the bottom. OUR NEXT LIVE ON THE NEWS TRADECALL Tomorrow we have US…
TRADE RECAP Today we had UK retail sales which was expected at .4%. I said in yesterdays email that if the number came out lower than expected by .4% or more to short the GBP/USD. The release came out .8% less than expected which sent the GBP/USD plummeting over 60 pips. If you followed my…
I am very excited about tonights release becuase it has been a good moverbut before we get into that lets review. OUR LAST TRADE CALL Today we had US CPI which was released as expected so no trade there. After the release was done we watched the market for a while and I suggested a…
I had another great day in the Smokies; we went white water rafting on the Big Pigeon River. It was my first time and I had a really good time but I was hoping it was going to be a little rougher. We went thru some class 3 and class 4 rapids but nothing as…
I hope you have had a great weekend. I am definitely enjoying my time in the Smoky Mountains. I drove up on Friday with a group from my church after the Non Farm trade. NON FARM RECAP Just prior to the release the GBPUSD started to climb and within 20 minutes had moved over 70…
OUR LAST TRADE CALL The last release we watched was the Cad GDP and it came out as expected which resulted in a no trade. OUR NEXT FOREX ‘LIVE ON THE NEWS’ TRADE CALL… Tomorrow we have 2 very good trades that we will be trading in the room. The first of the two is…
Sorry for my sending this out so late but I have been swamped. Today was a great day in the trade room. The first release we watched did not hit our triggers so we passed however the seconds release we were watching did hit our triggers and in fact it surpassed our triggers coming out…
Tomorrow we have a couple of good trade opportunities. The first is the UK GDP being released at 4:30am eastern. It is expected at .8% and very rarely comes out deviating enough to trade however when it does deviate it tends to move really good. I will be looking for .2% deviation and a higher…
I hope you had a great weekend. I was able to do a little more diving this weekend at Ginnie Springs. They have a good cave system and great visibility so it made for fun diving. Unfortunately I was not able to go offshore this weekend because the seas were to rough however I am…
Today we had a good trade unfortunately I did not get in to the market. I tried to enter with more than 100 lots and the platform wouldn’t allow it. I contacted One World and am having this limit lifted so this will not happen next time however it cost me an easy 20k today…
I just got back from a weekend of Scuba Diving and I am beat!!! I must say I had a great time but we were diving a Spring and the entry was a long way from our vehicle and we had to carry all our equipment down a major hill so I am going to…
Today we had 2 releases we were going to watch. The first was the UK retail sales expected at .3%. This came out as expected however it is a good opportunity for me to talk about revisions. It has been my experience that revisions can be equally effective when the release comes out as expected,…