TRADE CALL RECAP
For our last Live on the News event, we were watching the
Canadian GDP report this morning. We were looking to short the
USD/CAD or EUR/CAD if the report came out at least 0.2% better
than expected. The number came out with a deviation of 0.1%, so
it did not meet our safe trigger and we did not enter this
trade.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live trade opportunity will be tomorrow when the US
ISM Manufacturing Report is released at 10:00 am EDT. The
expected number for this report is 48.5. A higher than
expected number will be good for the USD and signal a long on
the USD/JPY, and a lower than expected number will be bad for
the USD and signal a short on the USD/JPY. We will be looking
for a deviation of 2.5 on this report to trigger a safe trade.
This report last met our safe trigger in February and provided
up to 40 pips of profit for our traders on the USD/JPY. To see
the video of February’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 my commentary on this potential trade.
BANK FLOW WEEKLY RECAP
We had another positive week on the Bank Flow trade calls last
week, and we are still in a partial trade that has shown us
over 300 pips of profit since the entry. You could have netted
over 100 pips for the week if you closed at the best close
prices that were posted. Jonathan warned that it could be a
volatile week as it was the end of a quarter, in which the
market can do some unpredictable things. The trade calls are
as follows:
6/23/08 – Buy EURUSD @ 1.5474 (half size) – Closed with +48 pips
6/24/08 – Buy USDCHF @ 1.0354 (half size) – Closed with +50 pips
6/25/08 – Sell EURJPY @ 169.22 (half size) – Closed partial at
+110 pips; closed another portion at +203 pips
6/26/08 – Sell GBPUSD @ 1.9835 (half size) – Closed at -50 pips
6/26/08 – Buy USDCHF @ 1.0271 – Showed over 30 pips of profit
before coming back to entry level; closed at -50 pips
If you just put a 40 pip limit on each trade, you would have
netted approximately 20 pips of profit for the week.
If you have not yet had a trial our Bank Flow service, you may
click on the link below to get started.
Good Luck!!!!
