SEPT TRADE # 1 - BUY AUD/USD

Sept 2, 2009 11:08 am (Manila)

Taking the 2nd half out at +30 pips/lot for a total of +60 pips. Pair is encountering resistance at the 20-period MVA on the hourly chart.

Summary for this trade:

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

Total: +120 pips

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Sept 2, 2009 9:32 am (Manila)

Australian GDP just came out at 0.6% which is better than the 0.3% expectation. With this, the pair just headed for the moon and limit 1 just got hit at +30 pips/lot for a total of +40 pips.

2nd half is not risk-free with stops moved to breakeven.


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Sept 2, 2009 9:10 am (Manila)

BUY AUD/USD @ 0.8266
Stop - 0.8229
Limit 1 - 0.8296
Limit 2 - 0.8320

In about 20 mins, Australian GDP data comes out which I expect to surprise to the upside. This should be good for the Aussie.