June Trade # 24 - BUY GBP/USD

June 18, 2009 2:49 pm (Manila)

Second half is out at +49 pips/lot for a total +98 pips.

Summary:

1st half: +60 pips
2nd half: +98 pips

Total: +158 pips

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June 18, 2009 2:49 pm (Manila)

First half is out at +30 pips/lot for a total +60 pips. Moving stops of second half to breakeven to make this trade risk-free.

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June 18, 2009 2:05 pm (Manila)

BUY GBP/USD @ 1.6385
Stop - 1.6333
Limit 1 - 1.6415
Limit 2 - 1.6436

At about 10:00 pm tonight (Manila), US Unemployment Claims data is expected to come out and cause a sell-off in the dollar.