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 Industrial Production
report this morning.
For the Industrial Production report, we were looking to long
the GBP/USD if the report came out at least 0.5% better than
expected. The actual number came out with a deviation of 0.2%,
so it did not meet our safe trigger and we did not enter a
trade. To see a video of this trade, please click on the link
below:
OUR NEXT LIVE ON THE NEWS TRADE CALLS
Tomorrow is going to be a busy day as we will have two news
releases that have provided some excellent opportunities for
our traders in recent months. We have had traders report
profits of 50-100 pips and more on these releases in the past
few months.
Our first trade opportunity will be the Canadian Labor Change
report, which will be released at 7:00 am EST. We will be
focusing on the Net Change in Labor figure, which will be Row 1
in the RSS. The expectation for this report is 8k jobs. A
higher than expected number will be good for the CAD and signal
a short on the USD/CAD and EUR/CAD, and a lower than expected
number will be bad for the CAD and signal a long on the USD/CAD
and EUR/CAD. We will be looking for a deviation of 15k on this
report to trigger a safe trade.
This report has met our safe trigger each of the last two
months, and we have had traders report profits of up to 60 pips
and more each trade. Due to technical difficulties, we do not
have a video of last month’s trade, but you may see a video of
October’s trade by clicking on the following link:
The second opportunity will be at 8:30 am EST, and that will be
the US Non-Farm Payrolls report. We will focus on the Non-Farm
Payrolls figure, which is expected to be 75k jobs. A higher
than expected number will be good for the USD and signal a
short on the GBP/USD, and a lower than expected number will be
bad for the USD and signal a long on the GBP/USD. We will be
looking for a deviation of 50k on this report to trigger a safe
trade.
This report met our safe trigger last month, and we had traders
report profits of up to 50 pips. To see a video of last
month’s trade click on the link below. The comments under the
video include some of the comments from traders about the
profits they made on last month’s CAD Labor Change report as
well:
This is our current outlook for these trades; 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 releases to get my commentary on these potential trades.
Good Luck!!!!
