LONG-TERM TRADE - AUD/USD

Sept 18, 2009 8:14 pm (Manila)

I'm taking out this Long-Term Trade today while it's still up +107 pips/lot. Seeing the daily and hourly charts, looks like this pair is primed for a correction - could be a big one as it has been walking the upper bollinger band for the past week.

In Summary:

1st Half: +200 pips
2nd Half: +214 pips

Total: +414 pips

NICE!!!

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Sept 16, 2009 3:00 pm (Manila)

Holy crap! I entered a long-term trade I think two weeks ago and I did not post it here.

Details of the trade:

BUY AUD/USD @ 8600 (4 lots)
Stop: 0.8517
Limit 1: 0.8700
Limit 2: 0.8800

Just today, first half is out at +100 pips/lot for a total of +200 pips. Stops of second half now moved to BE.

Update 9/16

Been busy on my business (computers and tech stuff) the past few weeks. It's still on startup and stabilizing mode. Hence, I haven't been able to focus much on trading.

The market had a dip early this week caused mainly by trade tensions between China and the US. Fearful traders and investors ran to the safety of the dollar in case a full-blown trade war ensues between the two superpowers. We all know it ain't gonna happen - unless, of course, they both want economic suicide. There's just too much interdependence between their economies so I believe things will subside in the coming days.

For now, I remain bullish for the EUR, CAD, GBP, Kiwi and Aussie. Will be trading again in a few days.