CANADIAN GDP PROVIDES UP TO 50 PIPS OF PROFIT
For our last Live on the News event, we were watching the
Canadian GDP report last Friday. We were looking to long the
USD/CAD or EUR/CAD if the report came out at least 0.2% worse
than expected. The number came out with a deviation of -0.2%,
so it met our safe trigger and we entered this trade. We do not
have a video of this trade, but here are some of the comments
from some of the traders who got in:
{susan} out +32
{Memoryman} first trade I got in on ever made 32 pips…
brilliant!
{John_H} in at 91…closed with 34
{max} 61 pips
{paul_m} 22 pips 1st trade live. Paul M
{Rich} 40 pips thanks
{Larry_W} up 50 so far
{Otmar} 20 pips Thank you Dustin
{Larry_W} got stopped out at +40 pips, not bad
{jonathan_t} on that 1 plat I got filled @ 1.5401, took 30 pips
then 50 pips, thanks!
TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Retail
Sales report is released at 9:30pm EDT. The expectation for
this release is 0.2%. We have placed a safe trigger of 0.4%
for this release. We have historically seen moves of around 30
to 40 pips when this release has met the safe deviation. We
will not have the Live Trade Room open for this trade, but I
wanted to make you aware of the opportunity.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live trade opportunity will be tomorrow when the US
ISM Manufacturing Report is released at 10:00 am EDT. The
expected number for this report is 48.5. 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 2.5 on this report to trigger a safe trade.
This report last met our safe trigger in February and provided
up to 40 pips of profit for our traders on the USD/JPY. To see
the video of February’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!!!!
