May Tade #1 - BUY GBP/USD

Unfortunately, this pair reversed direction last night and my second lot got stopped out @ breakeven.

This trades summary:

1st lot - +30 pips
2nd lot - 0 pips
Total - +30 pips

Great first trade for May!


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4:40 pm (Manila)

With this trade risk-free, I'm packing my bags and heading home. Trade is hovering around +30 pips. We'll see tomorrow how this trade ends.

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4:36 pm (Manila)

My first lot just got hit @ +30 pips. Moving Stop on the second half to breakeven. Trade is now risk free.


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I just saw the UK Services PMI (Purchasing Managers Index) expected to close out bullish for the Pound by 4:30pm (Manila).

With this, I entered the trade with:

BUY GBP/USD @ 1.5060
STOP @ 1.5000
Limit 1 - 1.5090
Limit 2 - 1.5120

PMI is a leading indicator of economic health. With expected positive numbers, investors will take this as a cue of a possible start of the end of this crisis in the UK that has gripped the whole world. A pound rally is in the works if analysts' predictions come out right.