Wednesday, November 18, 2009

QUICK TRADE UPDATES (Nov 19)

ALL TRADES ARE OUT. The AUD, NZD and CAD all retreated in front of a USD onslaught caused by a number of Central Bank heads talking-up the dollar. Also, some disappointing data about the US economy, particularly housing data, contributed to this retreat.

I am looking to re-enter once favorable circumstances present themselves. For now, I'm on the sidelines waiting for this turbulence to pass.

Click below for the final results of these trades.

AUD/USD Trade Result:

NZD/USD Trade Result:


USD/CAD Trade Result:


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I still have 3 active trades (LONG AUD/USD, LONG NZD/USD and SHORT USD/CAD)

Status:

NZD/USD Trade:

Took out 1 set (4 lots) for +261 pips/lot. Total of +1,044 pips.

Stops currently at breakeven for 2nd set (4 lots now running +176 pips/lot).


AUD/USD Trade:

2 lots @ +181 pips/lot (Stops moved to protect +50 pips/lot)

2 lots @ +260 pips/lot (Stops moved to protect +130 pips/lot)


USD/CAD TRade:

2 lots @ +193 pips/lot (Stops moved to protect +50 pips/lot)

2 lots @ +191 pips/lot (Stops moved to protect +50 pips/lot)


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