OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the Canadian
CPI is released at 7:00 am EDT. There are several components
to this release, and we will be focusing on the CAD CPI
Excluding Core 8 (YoY) figure. The expectation for this report
is 1.3%. We will be looking for a deviation of 0.2% to trigger
a safe trade. A lower than expected number will trigger a buy
on the USD/CAD or EUR/CAD.
This report last met our safe trigger in March, and we had
traders report profits of up to 30 pips. To see a video of
last month’s trade, click on the link below:
This is our current outlook for this trade; 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 release to get my commentary on this potential trade.
BANK FLOW WEEKLY RECAP
It was another positive week on the Bank Flow trades that
Jonathan Silver posted. There were some losses, but he
cautioned that all trades last week were higher risk and to
trade half the lots as you normally would. Even with the
losses, you could have netted over 320 pips last week by
closing out at the best exits on the profitable trades. The
trades that were closed this past week are as follows:
5/9/08 – Buy USDJPY @ 103.07 (half lots) – If you followed
guidelines, closed at breakeven (it showed 30 pips of profit),
if not then closed at -49 pips
5/11/08 – Buy USDJPY @ 102.58 – Closed partial at +120, rest at
+122
5/12/08 – Sell EURUSD @ 1.5493 (half lots) – Closed at -37 pips
5/12/08 – Sell AUDUSD @ 0.9465 (half lots) – Closed partial at
+52, rest at +56
5/12/08 – Sell EURJPY @ 161.50 (half lots) – Closed partial at
+40, rest at +100
5/13/08 – Buy GBPUSD @ 1.9455 (half lots) – Closed partial at
+33, rest breakeven
5/13/08 – Sell EURJPY @ 161.71 (half lots) – Closed at -39 pips
5/14/08 – Sell USDCHF @ 1.0575 (half lots) – Closed partial at
+20, rest breakeven
5/14/08 – Sell EURJPY @ 162.82 (half lots) – Closed partial at
+50, partial at +120, rest at breakeven
Even if you just closed the trades when Jonathan gave his first
partial close signal, you could have netted about 190 pips
lastweek. A 40 pip limit on each trade would have netted 115
pips as both the GBPUSD and USDCHF both showed at least 40 pips
before Jonathan posted the partial closes at the lower profits.
If you have not yet had a trial our Bank Flow service, you may
click on the link below to get started.
Good Luck!!!
