May Long-Term Trade # 1 - NZD/USD

May 22,2009 11:30 pm

Early in the day I reigned-in another batch of longs for this pair. The first half came out at +62 pips sometime this afternoon. Now, it's nearly midnight and the pair is doing +137 pips. With the weekend coming, I am taking the rest out. Another wonderful trade.

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May 22,2009 7:30 am

The second lot of this trade got stopped-out at breakeven yesterday when a retracement occurred.

Total gains for this trade is +63 pips.

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May 21, 2009 10:46 am - Switching to risk-free mode.

I manually took out my first lot at +63 pips. Moved stops to breakeven. I'm now risk-free for this trade.

It appears that risk appetite for investors is in for the NZD as number of visitors/tourists improved. Like in the Eurozone, there is general sense of optimism in New Zealand that the economy is primed for a rebound.

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May 21,2009 7:00 am

Trade is currently doing +30 pips/lot. Hanging tough!


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May 20, 2009

I am in a long-term trade for the NZD/USD. I am following trades of my Forex mentor Mark So (Get your FOREX education at http://www.businessmaker-academy.com/)

Details of the Trade:

LONG NZD/USD @ 0.6027
STOP - 0.5700
Limit 1 - 0.6130
Limit 2 - 0.6500

Will hold on to this trade as long as I can and update regularly.