JOBLESS CLAIMS PROVIDES UP TO 35 PIPS OF PROFIT
This morning we were watching two reports. The first was the
UK Retail Sales report, and we were looking to sell the GBPUSD
if the number came out at least 0.5% worse than expected. The
actual number came out with a -0.1% deviation, so it did not
meet our triggers and we did not get in this trade. To see a
video of this trade, click on the link below:
The next opportunity came when the US Durable Goods report and
the US Weekly Jobless Claims numbers were released at the same
time. I mentioned that your focus should be on the Jobless
Claims figure as that has seemed to have more of an impact on
the market than the Durable Goods report lately. I told you to
set a trigger of 20k jobs for this particular release. The
actual number came out 33k better than expected, so it met our
safe trigger and we had many traders enter a buy on the
USD/JPY. We had traders report profits of up to 35 pips on
this trade. To see the video of this trade, click on the link
below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live news trade opportunity will be on the UK GDP
Report that will be released tomorrow at 4:30 am EDT. The
expected number for this report is 0.6%. A higher than
expected number will be good for the GBP and signal a long on
the GBP/USD, and a lower than expected number will be bad for
the GBP and signal a short on the GBP/USD. We will be looking
for a deviation of 0.2% on this report to trigger us into a
safe trade. We may decide to lower the trigger tomorrow as
this report seldom meets our safe trigger. We have seen moves
of 25 to 50 pips on a medium trigger recently.
This report last met our medium trigger of 0.1% in January and
provided traders with up to 25 pips of profit, depending on
their entry. To see the video of January’s trade, click on the
following link:
This is our current outlook for this trade; however, it is
subject to change as market conditions may change by tomorrow.
Be sure to log in to the Live Trade Room 15 minutes prior to
the release to get my commentary on this potential trade.
Good Luck!!!!
