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 UK CPI report, as well
as the US Retail Sales report this morning.
For the UK Retail Sales report, we were looking to long the
GBP/USD 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 met our medium trigger. We had several traders report
entering this trade with mixed results. Some reported profits
of up to 20 pips, and a few took small losses on the trade as
we had conflicting data. To see a video of this trade, please
click on the link below:
We were also looking to trade the US Retail Sales. We were
looking for a deviation of 0.5% to enter a trade. The actual
deviation was only 0.3%, so it did not meet our safe trigger
and we did not enter 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 to trade when the US CPI
report will be released at 8:30 am EST. We will be focusing on
the US CPI Excluding Food & Energy figure. The expectation for
this report is 0.2%. We will be looking for a deviation of
0.2% on this report to trigger a safe trade.
Again, this is a report that typically does not meet our safe
trigger but can provide solid moves when it meets our medium
trigger of 0.1%. We have seen moves of 30 to 40 pips when it
meets our medium trigger. Last month this report met our
medium trigger and we had traders report profits of up to 30
pips. 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!!!!
