August Trade #1 - BUY GBP/USD

Aug 4, 2009 3:04 pm (Manila)

2nd half is out at breakeven.

Summary for this trade:

1st Half: +40 pips
2nd Half: 0 pips

Total: +40 pips

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Aug 4, 2009 2:40 pm (Manila)

First half is out at +20 pips/lot for a total of +40 pips. 2nd half stops moved to breakeven to make the trade risk-free.

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Aug 4, 2009 2:30 pm (Manila)

BUY GBP/USD @ 1.6974 (4 lots)
Stop - 1.6915
Limit 1 - 1.6994
Limit 2 - 1.7014

At 4:30 pm today (Manila), UK Construction PMI comes out expected to be better than previous.

This is a survey of Construction Insdustry Purchasing Managers. Their views on future purchases is a leading indicator of econoic health. Higher number suggests that companies are more likely to make purchases and thus increase demand for the country's currency.