TRADE CALL RECAP
This morning we were watching some data out of the UK. The
Industrial Production report was released, and we were looking
to short the GBP/USD if the report came out at least 0.5% worse
than expected. The actual number came out with a deviation of
-0.3%, so it did not meet our safe trigger. We had a few traders
get in the trade using the medium trigger of 0.3%, and they
reported profits of up to 15 pips on the trade. To see a video
of this trade, please click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
The next Live on the News release is the Canadian Labor Change
report, which will be released at 7:00 am EST tomorrow. This
is one of my favorite releases as our safe trigger is often met
and we get some very good moves on this particular release.
The expectation for this report is 10k jobs. A higher than
expected number will be good for the CAD and signal a short on
the USD/CAD and EUR/CAD, and a lower than expected number will
be bad for the CAD and signal a long on the USD/CAD and
EUR/CAD. We will be looking for a deviation of 15k on this
report to trigger a safe trade.
This report has met our safe trigger each of the last four
months, and we have had traders report profits of up to 60 pips
and more on each trade. Last month we even had traders report
profits of up to 100 pips on this release. To see the 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!!!!
