I would like 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 UK GDP report last
Friday.
For the UK GDP report, we were looking to short the GBP/USD if
the report came out at least 0.1% worse than expected.
Typically our same trigger on this report is 0.2%, but I
mentioned in the live trade room that 0.1% should provide a
good move. The actual number came out with a deviation of
0.1%, so it did meet our trigger. Several of our traders got
in on this trade and reported profits of 25 – 40 pips on this
trade. To see a video of this trade, please click on the link
below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US
Durable Goods report will be released at 8:30 am EST. We will
be focusing on the US Core Durable Goods figure, which will be
Row 1 on the RSS. The expectation for this report is 0.4%.
We will be looking for a deviation of 3.0% on this report to
trigger a safe trade. We have recently updated the triggers to
more conservative numbers as we have seen diminished moves on
this report in recent months.
This report last met our safe trigger in August, and we had
traders get in and report small profits or a small loss of up
to 10 pips. To see a video of August’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!!!!
