OCTOBER TRADE #3 - BUY AUD/USD

Nov 20, 2009 9:01am (Manila)

The rest of the trade is out due the retreat caused by the strength of the dollar.

2 lots out @ +50 pips/lot for a total of +200 pips.
2 lots out @ +130 pips/lot for a total of +520 pips.

Summary for this trade:

1st Set Total: +914 pips
2nd Set Total: +720 pips

Overall Total: +1,634 pips


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Nov 11, 2009 4:37 pm (Manila)

Limit 1 is hit for 2 sets of this trade:

1st Set: +268 pips/lot for a total of +536 pips.
2nd Set: +189 pips/lot for a total of +378 pips.

Total: +914 pips

Stops of remaining half moved to breakeven making the trade risk-free. Nice!!!

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Nov 11, 2009 10:47 am (Manila)

After 12 days trades are up significantly. Stops remain where they are:

1st Set (4 lots): +233 pips/lot
2nd Set (4 lots): +153 pips/lot

A number of economic indicators from China just came out negative (CPI y/y, Fixed Asset Investment ytd/y and PPI y/y) and is contributing to a slight pull-back. However, I remain confident that the AUD will continue to appreciate vs the USD. Chinese Industrial y/y Production just came out better than expected.

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Oct 30, 2009 9:00am (Manila)

BUY AUD/USD (4 lots) @ 0.9146
Stop - 0.8475
Limit 1 - 0.9335
Limit 2 - 0.9849

On the weekly chart, this pair has dropped significantly from last week and appears to be headed to a return flight. Also, US GDP data last night came out positive which should trigger a wave of risk appetite and propel this pair higher.