TRADE CALL RECAP
Last Friday we were watching the Canadian Labor Change and the
US Non-Farm Payrolls reports. Although there was some good
movement on the currencies after the reports were released,
neither of them met our safe triggers so we did not enter
trades on either of these releases.
We were looking to long the EURCAD or USDCAD if the Canadian
Labor Force report came out at least 15k worse than expected.
The actual deviation was only -.4k, so it didn’t meet the
trigger. We did not get a video of this particular trade.
For the US Non-Farm Payrolls, we were looking to short the
USDJPY if the number came out at least 50k worse than
expected. The actual deviation was only -30k, so again it did
not meet our safe trigger. To see a video of this trade, please
click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the UK
Industrial Production report is released at 4:30 am EDT. We
will be focusing on the Industrial Production (MoM) figure. The
expectation for this report is 0.1%. We will be looking for a
deviation of 0.5% on this report to trigger a safe trade. A
better than expected figure will trigger a buy on the GBP/USD.
This report last met our safe trigger in November, and we had
traders get in and report profits of up to 30 pips. To see a
video of November’s trade, click on the link below:
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 UPDATE
It has been a good week so far for the Bank Flow trades that
have been called. Here are the results on the trade calls so
far:
4/7/08 – Sell USDCHF 1.0140 – Closed with 12 pips of profit
4/7/08 – Sell USDCHF 1.0165 – Closed partial 30 pips, partial
63 pips, rest 80 pips
4/7/08 – Sell EURJPY 161.45 – Closed partial 20 pips, partial
60 pips, rest breakeven
4/8/08 – Sell AUDUSD 0.9264 – Closed for 10 pips
4/8/08 – Sell AUDUSD 0.9297 – Trade still open at this time
If you have not yet had a trial of the Bank Flow service, you
may click on the link below to sign up:
Good Luck!!!!
