NOVEMBER TRADE #3 - BUY EUR/USD

Nov 16, 2009 8:30am (Manila)

Early this morning, when the markets opened, my Limit 2 was hit for +72/lot and a total of +144 pips.

Summary for this trade:

1st Half: +60 pips
2nd Half: +144 pips

Total: +204 pips

Wonderful!!!

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Nov 14, 2009 8:11am (Manila)

Sometime last night, limit 1 was hit @ +30 pips/lot for a total of +60 pips.

Market is currently closed so I will move my stops to breakeven first thing on MOnday morning to make this trade breakeven.

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Nov 13, 2009 4:27pm (Manila)

BUY EUR/USD (4 lots) @ 1.4877
Stop - 1.4803
Limit 1 - 1.4907
Limit 2 - 1.4949

Here's the fundamental reason:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aZfeXf1N6uV4&pos=1

German GDP accelerated in the 3rd quarter of the year. This could fuel hopes that Europe is startin to drag its way out of the worst slump since WWII.

Technically, RSI and MACD suggest enough room for an upward thrust on both daily and hourly charts.

QUICK TRADE UPDATES (Nov 11)

Limit 1 of AUD/USD Trade hit. Over 900+ pips yielded.

See details HERE:

Quick Trade Updates - Nov 11

USD/CAD Trade hit 1st Limit. See details here: http://forexfoundry.blogspot.com/2009/11/november-trade-1-sell-usd-cad-in.html

NOVEMBER TRADE #2 - BUY EUR/USD

Nov 10, 2009 8:27pm (Manila)

Second half is out at breakeven.

Summary for this trade:

1st Half: +60 pips
2nd Half: 0 pips

Total: +60 pips

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Nov 10, 2009 7:13pm (Manila)

Limit 1 hit at +30 pips/lot for a total of +60 pips.

Stops of 2nd half moved to breakeven making the trade risk-free.

German ZEW economic sentiment index dropped 51.1 in October from the previous 56. Investors' confidence for a strong growth next year was mellowed by the fact that stimulus packages will be removed. The fact remains --- there will be growth, not just that much. The stimulus packages that have spurred growth this year are crutches for the Eurozone economy. What do you expect from someone who leaves his crutch behind? Expect him to slow down a bit. But then again, he starts walking... on his own.

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Nov 10, 2009 10:54am (Manila)

BUY EUR/USD @ 1.4981 (4 lots)
STOP - 1.4806
Limit 1 - 1.5011
Limit 2 - 1.5059

At 6pm tonight, ZEW Economic Sentiment data will come out which could be positive for the German economy and thus, for the Eurozone as a whole.

QUICK TRADE UPDATES

Nov 9, 2009 4:12 pm (Manila Time)

My patience is paying off. The commodity pairs that I entered trade last week are slowly gaining ground. With the busy calendar last week behind us, the AUD, NZD and CAD are strengthening against the USD.

All stops are still in their original places.

AUD/USD

1st Set (4 lots) - currently up +121 pips/lot
2nd Set (4 lots) - currently up +200 pips/lot


NZD/USD

1st Set (4 lots) - currently up +68 pips/lot
2nd Set (4 lots) - currently up +151 pips/lot


USD/CAD

1st Set (4 lots) - currently up +25 pips/lot
2nd Set (4 lots) - currently up +23 pips/lot