I wanted to recap what we did on the last live trade call and
give you the criteria for a possible trade tomorrow. The last
trade call I sent out covered the US Durable Goods report last
Thursday.
For the Durable Goods report, the plan was to go long on the
GBP/USD if the release came out lower than expected by 3.0% or
more from the expected number. The actual number came out with
a deviation of -1.2%, so our trigger was not hit and we did not
enter this trade. Please click on the link below to see the
video:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next Live on the News trade call will be on the US ISM
Manufacturing Report that will be released tomorrow at 10:00 am
EST. The expected number for this report is 50.5. A higher
than expected number will be good for the USD and signal a
short on the GBP/USD, and a lower than expected number will be
bad for the USD and signal a long on the GBP/USD. We will be
looking for a deviation of 2.0 on this report to trigger us
into a safe trade.
This report last met our safe trigger in May and provided a 20
to 25 pip move. To see the video of May’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 our commentary on this potential trade.
Good Luck!!!!
