Wednesday, April 1, 2009

March Live Trade # 5 - BUY GBP/USD

8:28pm (Manila)

I admit this trade was a mistake trade. I am exiting to cut my losses.

Trade exited with a total of -102 pips.

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BUY GBP/USD @ 1.4368
STOP @ 1.4214
LIMIT 1 @ 1.4400
LIMIT 2 @ 1.44868

I actually had this on autopilot before I hit the sack last night. A slew of weak US economic data came out which could contribute to a rise in this pair today.

That could change however, when UK PMI and US ADB Non-Farm payroll data comes out. However, I believe that this pair will still go up before it goes down.

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