Thursday, May 28, 2009

May Long-Term Trade # 3 - LONG NZD/USD (In Progress)

June 1, 2009 4:30 pm (Manila)

All lots are out.

Trade Summary:

Lot 1 +159 pips
Lot 2 +329 pips
Lot 3 + 30 pips
Lot 4 + 73 pips

Total +591 pips

Whoah!

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June 1, 2009 3:00 pm (Manila)

Set 2 Limit 1 has been hit at +30 pips. Moving stops of this set to breakeven to make this portion risk-free.

Set 1 Lot 2 is now doing +300 pips. Moving stop to protect +200 pips.

This trade is turning out just splendid!

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June 1, 2009 9:55 am (Manila)

I'm sending-in another set of long for this pair.

BUY NZD/USD @ 0.6427
STOP - 0.6301
Set 2 Limit 1 - 0.6457
Set 2 Limit 2 - 0.6500

Big week ahead for the currency market. I'm beeting that this pair will gun for 65-66 cents this week.

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June 1, 2009 9:30 am (Manila)

Stop has been moved to protect +130 pips. Trade is currently doing +240 and there's still room for an upswing.

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May 30, 2009 8:37 am (Manila)

My second lot is doing pretty well and is now up +228 pips. Still +80 pips is protected. There is a possibility that ths pair might retrace when trading resumes next week. If that happens, I might bring in another set of longs when a bounce occurs after retracement.

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May 29, 2009 2:50 pm (Manila)

First lot is out at +159 pips. Moving stop of second lot to 0.6251 to protect +80 pips.

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May 28, 2009 6:00 pm (Manila)

Trade is currently up at +70 pips/lot. Moving stops to 0.6100 to reduce possible losses if anything happens overnight.

My two long-tern trades are taking very different directions. This one is taking the high road.

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May 28,2009 8:49 am (Manila)

I am in a Long-Term Trade again. Last week, I entered an LT on this same pair but was stopped-out with my second lot. I waited for some indicators to align and a bounce to happen. Pair is currently bouncing around 0.6170. I believe this pair still has a lot of room for an upward push.

Trade details:

LONG NZD/USD @ 0.6171
STOP - 0.6000
Limit 1 - 0.6330
Limit 2 - 0.6500

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