May Trade # 2 - BUY NZD/USD

7:05 am (Manila)

Oops... looks like my Limits were too tight. Both just got hit moments ago.

Summary for this trade:

Lot 1 - + 10 pips
Lot 2 - + 40 pips
Total - + 50 pips

This is my strategy now, take it slow and easy. Go for a few pips and exit without a lot of stress.

What a wonderful second trade for May!

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6:45 am (Manila)

BUY NZD USD @ 0.5857
STOP - 0.5827
Limit 1 - 0.5867
Limit 2 - 0.5897

New Zealand's unemployment rate came out better than expected. This is bullish for the NZD. As such, I am going LONG.

I am placing a very tight Limit 1 as I need to leave today to attend a seminar (for my future career) and will be unable to keep an eye on this.