TRADE CALL RECAP
I would like to recap what we did on the last live trade calls
and give you the criteria for a possible trade tomorrow. The
last trade call I sent out covered the Canadian Labor Change
report last Friday.
For the Canadian Labor Change report, and we were looking to
short the USD/CAD and EUR/CAD if the report came out at least
15k jobs better than expected. The actual deviation was 36.4k
jobs, so we entered this trade and we had many traders report
profits of 60-80 pips on both the USD/CAD and EUR/CAD, with
several reporting profits of over 100 pips on the EUR/CAD. One
trader reported making $30,000 on this trade! To see the video
of this trade, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity for a trade when the UK
CPI report is released at 4:30 am EST. There are several
components to this release, and we will be focusing on the UK
CPI (EU Harmonized YoY) figure. The expectation for this
report is 2.3%. We will be looking for a deviation of 0.2% to
trigger a safe trade. We seldom get a safe trigger, but we can
get some good moves when our medium trigger of 0.1% is met.
This release has at least met our medium trigger the last eight
months, and we have seen moves of 20 to 80 pips each month.
This report met our medium trigger last month, and we had
traders get in and report profits of up to 19 pips, with a few
taking small losses depending on their entries. To see a video
of last month’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.
Good Luck!!!!
