SEPT TRADE #7 - BUY EUR/USD

Sept 30, 2009 2:44 pm (Manila)

Limit 2 is out at +52 pips/lot for a total of +104 pips.

Summary for this trade:

1st Half: +60 pips
2nd Half: +104 pips

Total: +164 pips

=============================================

Sept 30, 2009 1:30 pm (Manila)

Limit 1 was hit about 3 hours ago (I was away from my PC). 1st half yielded a total of +60 pips. Stops for 2nd half just moved to breakeven making the trade risk-free.

=============================================

Sept 30, 2009 8:05 am (Manila)

BUY EUR/USD @ 1.4588
STOP - 1.4516
Limit 1 - 1.4618
Limit 2 - 1.4640

At 3:55 pm today, German Unemployment Rate data comes which is expected to be significantly-better than previous and boost the Euro against the surging greenback.

SEPT TRADE #6 - BUY AUD/USD

Sept 30, 2009 1:25pm (Manila)

As I write this, both trades are out. Autralian Retail Sales came out at 0.9%, better than the 0.6% expectation.

Retail Sales correlate directly to consumer spending, which is the largest part of GDP. With higher consumer spending, demand for Australian products increases. This pushes inflation up and forces the RBA (hopefully, in the future) to raise interest rates as part of their inflation control mandate.

Summary:

1st Half: +60 pips
2nd Half: +72 pips

Total: +132 pips

===========================================

Sept 30, 2009 8:00am (Manila)

BUY AUD/USD @ 0.8744
STOP - 0.8665
Limit 1 - 0.8774
Limit 2 - 0.8780

In about an hour and a half, Australian Retail Sales data come out which should be better than previous and bullish for the Aussie.