TRADE CALL RECAP
This morning we were watching the Canadian GDP report. We were
looking to short the USD/CAD if the report came out at least
0.2% better than expected. The actual number came out with a
deviation of 0.1%, so it did not meet our safe trigger and we
did not enter this trade. To see a video of this trade, please
click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live trade opportunity will be tomorrow when the US
ISM Manufacturing Report is released at 10:00 am EDT. The
expected number for this report is 47.5. A higher than
expected number will be good for the USD and signal a long on
the USD/JPY, and a lower than expected number will be bad for
the USD and signal a short on the USD/JPY. We will be looking
for a deviation of 2.5 on this report to trigger a safe trade.
This report last met our safe trigger in February and provided
up to 40 pips of profit for our traders on the USD/JPY. To see
the video of February’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.
BANK FLOW RECAP
Today was another profitable day for our Bank Flow traders.
Jonathan Silver called three trades, and all have provided
profit potential of 30-50 pips. The first trade call came on
the USD/CHF, with a buy call at .9880 and a first target for
profit at .9930. The market only went approximately 5 pips
below that entry level and has now made it to the first target
level at .9930. The next call was a sell on the USD/CAD at
1.0278, with a target level at 1.0227. The market dropped over
30 pips off this level and Jonathan called a partial close with
24 pips of profit and suggested moving stops to breakeven. The
market did eventually return up to the breakeven stop. He then
called another sell on the USD/CAD at 1.0288, again with a
profit target at 1.0227. At the time of this writing, this
trade is in profit approximately 25 pips.
Our next Bank Flow Trade Room will begin at 4:30 am EDT
tomorrow morning, followed by another session at 9:00 am EDT.
If you have not yet had a trial of our Bank Flow services, you
may sign up using the link below:
Good Luck!!!!
