NOVEMBER TRADE #1 - SELL USD /CAD

Nov 20, 2009 8:55am (Manila)

USD strengthened this week after a chorus of Central Bankers talked-up the dollar and some disappointing housing data from the US.

2nd half of the trade is out @ +50 pips/lot for a total of +200 pips.

Summary:

1st Half (2 sets): +532 pips
2nd Half (2 sets): + 200 pips

Total: +700 pips

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Nov 11, 2009 7:51am (Manila)

Sometime last night, while I was shelling out a lot of Z's, limit 1 was reached

Set 1

1st Half: +134 pips/lot, total of +268 pips
2nd Half: +132 pips/lot, total of +264 pips

Total for 1st Halves: +532 pips

2nd Halves of 2 more sets are now trading with stops moved to breakeven making it risk-free.


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Nov 4, 2009 4:00 pm (Manila)

SELL USD/CAD @ 1.0675
Stop - 1.1145
Limit 1 - 1.0541
Limit 2 - 1.0213

Same reason as my previous post. With the US economy showing signs of a recovery and China continuing to rampage with near-double-digit growth, oil price pressure will mount.