Friday, May 15, 2009

May Trade # 7 - BUY GBP/USD

6:11 am (Manila)

Took the pair out at measly +2 pips this morning. I see no signs of this pair heading further north this morning. I was asleep when the pair went up at +15. I should have set my limits a bit lower... damn! Anyway, a 2-pip gain is still a gain.

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2:21 am (Manila)

US Jobless claims came out worse than expected. Though PPI came out better than expected for the past month, year-on-year PPI still closed out in the negative, hence, the threat of deflation. These news caused this pair to rally north.

Trade details:

BUY GBP/USD @ 1.5225
STOP - 1.5192
Limit 1 - 1. 5245
Limit 2 - 1.5265

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