TRADE CALL RECAP
For our last live trade call, we were looking at the US CPI
report last Thursday. For this report, we were looking to
enter a long on the GBP/USD if the number came out worse than
expected by at least 0.1%. The actual number came out with
0.1% deviation, so it met our safe trigger and we entered a
buy. We had several traders report getting in and they reported
either small profits or small losses, depending on their
entries. To see a video of this trade, click on the following
link:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next trade opportunity will be on the Canadian Retail Sales
Report that will be released tomorrow at 8:30 am EDT. Our
focus will be on the Retail Sales Less Autos figure. The
expected number for this report is 0.3%. 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 0.4% on this
report to trigger a safe trade.
This report has met our safe trigger in seven out of the last
nine months and has provided moves of 20 to 90 pips each time.
It last met our safe trigger in August and provided traders
with up to 20 pips of profit, depending on their entries. To
see the video of last month’s trade, click on the following
link:
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.
Good Luck!!!!
