TRADE CALL RECAP
Our last live trade call was this past Tuesday when we were
watching the US ISM Manufacturing report. This report did not
meet our safe trigger as we were looking for a 1.5 deviation or
higher, and the number came out only 0.1 worse than expected.
To see the video of this trade, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALLS
We will have two opportunities for trades tomorrow as we will
have the labor reports from both Canada and the US. The first
release is the Canadian Labor Change report, which will be
released at 7:00 am EDT tomorrow. This is one of my favorite
releases as our safe trigger is often met and we get some very
good moves on this particular release. The expectation for
this report is 10k jobs.
A higher than expected number will begood 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 in seven out of the last
ten months, and we have had traders report profits of up to 60
pips and more on each trade. We have even had traders report
profits of up to 100 pips and more on the EUR/CAD on this
release. This release met our safe trigger last month and we
had traders report profits of up to 80 pips on the EURCAD. To
see the video of last month’s trade, click on the link below:
The second opportunity will be when the US Non-Farm Payrolls
report is released at 8:30 am EDT. We will focus on the Non
Farm Payrolls figure, which is expected to be -75k jobs. We
have changed our focus on this one to the USD/JPY as it has
moved better than the GBP/USD in recent months.
A higher than expected number will be good for the USD and
signal a long on the USD/JPY, and a lower than expected number
will be bad for the USD and signal a short on the USD/JPY. We
will be looking for a deviation of 50k on this report to
trigger a safe trade.
This report met our safe trigger in May, and we had traders
report profits of up to 75 pips on the USD/JPY. To see a video
of May’s trade, click on the link below:
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!!!!
