I want to recap what we did on the last live trade call and
give you the criteria for a potential trade tonight.
The last trade call I sent out covered the US ISM Manufacturing
report this morning. For this report, our plan was to go long
on the GBP/USD if the release came out lower than expected by
2.5 or more from the expected number. The actual number came
out with no deviation, so our trigger was not hit and we did
not enter this trade. To see the video of the trade click on
the following link:
TRADING OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Retail
Sales report is released at 7:30 pm EST. Your focus should be
on the Retail Sales (MoM) figure, which will be Row 1 of the
RSS and is expected to be 0.6%. We have placed a safe trigger
of 0.5% for this release. This report has met our safe trigger
three times this year and has provided moves of approximately
25 pips each time. We will not have the Live Trade Room open
for this trade, but we did want to make you aware of the
opportunity.
Good Luck!!!
