April Trade # 3 - BUY AUD/USD

10:20am (Manila)

Took trade out at +14 pips/lot for total of +28 pips. I need to pack early for a well-deserved vacation. For me, at least 25 pips a day total gain is fair. If I see strong momentum, i'll leave to go as high as it can. But when I see momentum slowing down, I exit.

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8:35am (Manila)

BUY AUD/USD @ 0.7010
STOP @ 0.6980
Limit 1 @ 0.7030
Limit 2 @ 0.7050

Australian Trade Balance came out better than expected (2.11B vs 0.7B expectation). With this, I believe that the AUD will rise against the USD.