August Trade #2 - BUY GBP/USD

Aug 5, 2009 6:00 pm (Manila)

The second half is out at breakeven.

Summary for this trade:

1st Half: +60 pips
2nd Half: 0 pips

Total: +60 pips

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Aug 5, 2009 4:40 pm (Manila)

First half is out at +30 pips/lot for a total of +60 pips. Second half is not risk-free with stops moved to breakeven.

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Aug 5, 2009 4:30pm (Manila)

BUY GBP/USD @ 1.6966 (4 lots)
Stop - 1.6914
Limit 1 - 1.6996
Limit 2 - 1.7026

A slew of economic indicators just came out --- all positive for the Pound. Hopefully, this would be enough to break the deadlock that has been in place on the USD-pairs for the past 24 hours.