OCTOBER TRADE #4 - BUY NZD/USD

Nov 20, 2009 8:58am (Manila)

2nd Set of this trade is out at breakeven. USD strength is due to Central Bankers' talk-up of the dollar and bad news about US Housing data.

Summary:

1st Set: +1,044 pips
2nd Set: 0 pips

Total: +1,044 pips

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Nov 18, 2009 7:00 pm (Manila)

I'm taking out Set 1 of this trade for a gain of +261 pips/lot for a total of 1,044 pips.

Second set (4 lots) currently running at +176 pips/lot. Stops moved to breakeven making the rest of the trade risk-free.

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Nov 11, 2009 10:52am (Manila)

12 days after, trade is up

Set 1 (4 lots): +196 pips/lot
Set 2 (4 lots): +113 pips/lot

Stops remain at starting levels.

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October 30, 2009 9:02 am (Manila)

BUY NZD/USD (4 Lots) @ 0.7302
Stop - 0.6801
Limit 1 - 0.7630
Limit 2 - 0.8222

On the weekly and daily charts, this pair has dropped from last week and appears to be headed for a return flight. Also, Positive economic indicators for the Kiwi and USD (primarily the US GDP data last night) should spur risk appetite.