TRADE CALLS RECAP
I would like to recap what we did on the last live trade calls
and give you the criteria for two possible trades tomorrow.
The last trade calls I sent out covered the UK Industrial
Production report, the Canadian Labor Change report, and the
Canadian and US Trade Balance reports last Friday.
For the UK Retail Sales report, we were looking to short the
GBP/USD if the report came out at least 0.5% worse than
expected. The actual number came out with a deviation of -0.2%,
so it did not meet our safe trigger. To see a video of this
trade, please click on the link below:
CANADIAN LABOR CHANGE REPORT PROVIDES OVER 100 PIPS FOR SOME
TRADERS
The next release was the Canadian Labor Change report, and we
were looking to long the USD/CAD and EUR/CAD if the report came
out at least 15k jobs worse than expected. The actual
deviation was -33.7k jobs, so we entered this trade and we had
many traders report profits of 60-80 pips on both the USD/CAD
and EUR/CAD, with a couple reporting profits of over 100 pips
on the EUR/CAD. One trader also reported making over $21,000
in three seconds! To see the video of this trade, click on the
link below:
The final releases were the Canadian and US Trade Balance
reports, which were released at the same time. Our focus was
on the Canadian Trade Balance, as the US Trade Balance has not
provided very good moves recently, even with good deviation.
Again, this proved to be the case on this trade, as the
Canadian Trade Balance did not meet our triggers. The US Trade
Balance met our safe trigger and we had a few traders report
getting in on the trade. Some of the traders made minimal
profits and some reported small losses. To view a video of
these releases, please click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALLS
Tomorrow we will have two opportunities to trade when the UK
CPI and the US Retail Sales reports are released.
First will be the UK CPI report which will be released at 4:30
am EST. 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 2.0%. We will be looking for a
deviation of 0.2% to trigger a safe trade. We seldom get a
safe trigger, but we can get some good moves when our medium
trigger of 0.1% is met. This release has at least met our
medium trigger the last seven months, and we have seen moves of
20 to 80 pips each month.
This report met our medium trigger last month, and we had
traders get in and report small profits or a small loss of up
to 25 pips. To see a video of last month’s trade, click on the
link below:
http://www.tradingliveonthenews.com/vid/UKCPI121807/
Next will be the US Retail Sales report, which will be released
at 8:30 am EST. We will be focused on the Retail Sales Less
Autos figure, which is expected to be 0.0%. We will be looking
for a deviation of 0.5% on this release to trigger a safe trade.
This release met our safe trigger last month, and we had
traders report profits of up to 20 pips on this trade. To see
a video of last month’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!!!!
