TRADE CALL RECAP
For our last live trade call, we were looking at the Canadian
CPI this morning, and we were looking to enter a long on the
USD/CAD if the figure came out at least 0.2% worse than
expected. The actual number came out with -0.1% deviation, so
it did not meet our safe trigger. We had several traders
report getting in on a medium trigger of 0.1%, and as another
component came out in conflict with the main number, they
reported either some small losses or small profits on the
trade. To view a video of this trade, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live trade opportunity will be on the UK Retail Sales
Report that will be released tomorrow at 4:30 am EDT. We will
focus on the Retail Sales (MoM) figure, and the expected number
for this report is -2.5%. A higher than expected number will
be good for the GBP and signal a long on the GBP/USD, and a
lower than expected number will be bad for the GBP and signal a
short on the GBP/USD. We will be looking for a deviation of
0.4% on this report to trigger us into a safe trade.
This release has met our safe trigger in seven out of the last
eleven months, and the market has moved between 30 and 90 pips
each time. It met our safe trigger last month and provided
traders with up to 60 pips of profit. To see the video of last
month’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.
Good Luck!!!!
