SEPT TRADE # 3 - BUY EUR/GBP

Sept 8, 2009 8:00 am (Manila)

Pair appears to be hitting some resistance. Taking the pair out at +40 pips/lot for a total of +80 pips. Nice!

Summary for this trade:

1st Half: +60 pips
2nd Half: +80 pips

Total: +140 pips


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Sept 8, 2009 00:40 am (Manila)

Just past midnight. Limit 1 is hit at +30 pips/lot for a total of +60 pips. Moving stops of second half to breakeven to make it risk-free.

I'm hitting the sack!

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Sept 7, 2009 7:05 pm (Manila)

BUY EUR/GBP @ 0.8731 (4 lots)
Stop - 0.8718
Limit 1 - 0.8761
Limit 2 - 0.8835

Tomorrow, UK and Eurozone data on Industrial Production will come out about two hours from each other. The general expectation is that the European numbers will be better than that of the UK. Also, on the technical side, a bounce is forming up on the daily chart.