SEPT TRADE #4 - BUY EUR/USD

Sept 25, 2009 8:34 am (Manila)

Took out the rest of this trade last night at +58 pips/lot for a total of +116 pips.

Summary:

First Half: +60 pips
Second Half: +116 pips

Total: +176 pips

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Sept 24, 2009 3:05 pm (Manila)

First half is out at +30 pips/lot for a total of +60 pips.

Second half stops moved to breakeven making it risk-free.

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Sept 24, 2009 8:19am (Manila)

BUY EUR/USD @ 1.4734 (4 Lots)
Stop - 1.4675
Limit 1 - 1.4674
Limit 2 - 1.4833

US Interest Rate decision is out and stays the same --- bullish for this pair. The volatility brought about by this morning's decision appears to have subsided and the pair looks headed north. Also, this afternoon, German IFO Business Climate is expected to come out better that previous --- again bullish for this pair.