TRADE CALL RECAP
This morning we were watching the Canadian GDP Report. For
this report, the plan was to go long on the EUR/CAD if the
release came out lower than expected by 0.2% 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.
Click on the link below to see the video for this trade:
OUR NEXT LIVE ON THE NEWS TRADE CALLS
Tomorrow we will have two opportunities to trade. The first
opportunity will be the best opportunity for a trade, when the
US Non-Farm Payrolls report is released at 8:30 am EST. We
will focus on the Non-Farm Payrolls figure, which is expected
to be 70k 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 70 pips. To see a video of last
month’s trade, click on the link below:
The next opportunity will be on the US ISM Manufacturing Report
that will be released at 10:00 am EST. The expected number for
this report is 47.3. 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 2.0 on
this report to trigger a safe trade.
This report last met our safe trigger last May and provided a
20 to 25 pip move. To see the video of May’s trade click on
the following link:
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!!!!
