TRADE CALL RECAP
Our last live trades were last Friday when we were watching
three news releases. First was the Canadian Labor Change
report, and we were looking to short the EURCAD or USDCAD if
the number came out at least 15k better than expected. The
actual number came out with a 96.9k deviation, so our safe
trigger was met and we entered this trade. We had some traders
report profits of up to 45 pips, depending on their entries.
We did have a couple of traders report losses because of bad
entries. To see a video of this trade, click on the link below:
Next we were watching the Canadian and US Trade Balance reports
that were released at the same time, with our focus on the
Canadian number. We were looking to short the EURCAD if the
number came out at least $0.8 Billion better than expected.
The actual number came out with a $1.4 Billion deviation, so it
met our safe sell trigger. However, I had suggested that we
not trade a sell trigger as we the EURCAD had been making a
strong move up. Only two people reported getting in on this
trade and one made a small gain and the other a small loss.
The US Trade Balance came out with a deviation of $0.1 Billion,
so it did not meet the $1.5 Billion deviation to trigger a safe
trade. To see a 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 UK CPI
report is released at 4:30 am EDT. There are several
components to this release, and we will be focusing on the UK
CPI (EU Harmonized YoY) figure. The expectation for this
report is 5.0%. We will be looking for a deviation of 0.2% to
trigger a safe trade.
This report has met our safe trigger in three out of the last
five months, and the GBP/USD has moved approximately 35-60 pips
each time. We had traders report up to 35 pips of profit on
this particular release in August, depending on their entries.
To see the 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!!!!
