I would like to recap what we did on the last live trade calls
and give you the criteria for a possible trade tomorrow. The
last trade calls I sent out covered the US NonFarm Payrolls and
US ISM reports last Friday.
NFP PROVIDES UP TO 70 PIPS OF PROFIT FOR TRADERS
For the US NonFarm Payrolls report, we were looking to long the
GBP/USD and short the USD/JPY if the report came out at least
50k worse than expected. The actual number came out with a
deviation of -87k, so it met our safe trigger. We had traders
report profits of up to 25 pips on the GBP/USD and up to 70
pips on the USD/JPY. To see a video of this trade, please click
on the link below:
US ISM PROVIDES UP TO 35 PIPS FOR TRADERS
We were also looking to trade the US ISM (Manufacturing)
Report. We were looking to short the GBP/USD or long the
USD/JPY if the report came out at least 2.5 better than
expected. The number came out with a 3.4 deviation, so we got
another safe trigger on this release. We had traders report
profits of up to 35 pips on the GBP/USD and up to 35 pips on
the USD/JPY. To see the video of this trade, click on the link
below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the UK
Industrial Production report is released at 4:30 am EST. We
will be focusing on the Industrial Production (MoM) figure. The
expectation for this report is 0.2%. We will be looking for a
deviation of 0.5% on this report to trigger a safe trade. A
better than expected figure will trigger a buy on the GBP/USD.
This report last met our safe trigger in November, and we had
traders get in and report profits of up to 30 pips. To see a
video of November’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.
Good Luck!!!!
