SEPT TRADE #7 - BUY EUR/USD

Sept 30, 2009 2:44 pm (Manila)

Limit 2 is out at +52 pips/lot for a total of +104 pips.

Summary for this trade:

1st Half: +60 pips
2nd Half: +104 pips

Total: +164 pips

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Sept 30, 2009 1:30 pm (Manila)

Limit 1 was hit about 3 hours ago (I was away from my PC). 1st half yielded a total of +60 pips. Stops for 2nd half just moved to breakeven making the trade risk-free.

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Sept 30, 2009 8:05 am (Manila)

BUY EUR/USD @ 1.4588
STOP - 1.4516
Limit 1 - 1.4618
Limit 2 - 1.4640

At 3:55 pm today, German Unemployment Rate data comes which is expected to be significantly-better than previous and boost the Euro against the surging greenback.