Monday, June 15, 2009

June Trade # 17 - BUY GBP/USD

June 15, 2009 1:44 pm (Manila)

Trade is out at -29 pips/lot for a total of -116 pips.

I'm cutting my losses and will look to re-enter when the opportunity arises.

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June 15, 2009 10:56 am (Manila)

BUY GBP/USD @ 1.6387

STOP – 1.6339

Limit 1 – 1.6407

Limit 2 – 1.6527

At 8:30 pm today (Manila), US Empire State Manufacturing Index comes out which should be bearish for the dollar.

Just gunning for 20-40 pips.

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