TRADE CALL RECAP
For our last live trade call, we were looking at the US CPI
yesterday morning, and we were looking to enter a short on the
GBPUSD if the figure came out at least 0.1% better than
expected. The actual number came out with no deviation, so it
did not meet our safe trigger and we did not enter a trade. We
did not get a video of this particular trade.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we an opportunity to trade when the UK Retail Sales
Report is released at 4:30 am EDT. We will focus on the Retail
Sales (MoM) figure, and the expected number for this report is
0.5%. A higher than expected number will be good for the GBP
and signal a long on the GBP/USD, and a lower than expected
number will be bad for the GBP and signal a short on the
GBP/USD. We will be looking for a deviation of 0.4% on this
report to trigger us into a safe trade.
This release has met our safe trigger in eight out of the last
twelve months, and the market has moved between 30 and 90 pips
each time. It met our safe trigger last month and provided
traders with up to 35 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.
BANK FLOW UPDATE
We have had a much better month with trade calls this month as
the flows are starting to come back as Jonathan mentioned near
the end of last month. Below are the trade calls to date for
the month of September:
9/4/08 – Buy EURUSD @ 1.4450 – Closed with -40 pips
9/4/08 – Buy EURUSD @ 1.4380 – Closed with -40 pips
9/4/08 – Buy GBPUSD @ 1.7730 (half size)– Closed with -40 pips
9/8/08 – Sell USDCHF @ 1.1328 – Closed half with 40 pips, rest
at breakeven
9/9/08 – Sell USDCHF @ 1.1342 (half size) – Closed with 50 pips
after it just missed the target of 1.1200
9/10/08 – Buy EURUSD @ 1.4025 (half size) – Closed with -50 pips
9/10/08 – Sell USDCAD @ 1.0709 (half size) – Closed with 20 pips
9/10/08 – Buy EURUSD @ 1.3975 (half size) – Closed with -50 pips
9/10/08 – Sell USDCHF @ 1.1345 (half size) – Closed with 170
pips
9/11/08 – Sell USDCHF @ 1.1400 (half size) – Closed partial
with 250 pips, rest at 385 pips
9/11/08 – Sell USDCAD @ 1.0796 (half size) – Closed partial
with 110 pips, rest at 152 pips
9/16/08 – Sell USDCAD @ 1.0733 (half size) – Closed partial
with 60 pips, another partial at 95 pips, rest at breakeven
after it just missed the target at 1.0600
9/17/08 – Sell USDCAD @ 1.0770 (half size) – Closed partial
with 100 pips, still in rest
Although the market was still caught in a squeeze the first
week of September, we have seen the Bank Flows provide some
significant profits the last week. We anticipate that this
will continue for the remainder of the year.
If you have not yet had a trial our Bank Flow service, you may
click on the link below to get started.
Good Luck!!!!
