January Trade #1 - BUY EUR/USD

Jan 12, 2010 7:00am (Manila)

Trade is out. Second half at breakeven (0 pips/lot).

Summary for this Trade:

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

Total: + 60 pips

Nice Start for 2010!

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Jan 11, 2010 6:00 pm (Manila)

First half is out at +30 pips/lot for a total of +60 pips. Second half is now breakeven.

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My first trade for 2010:

Jan 11, 2010 2:45pm (Manila)

Buy EUR/USD @ 1.4508
Stop - 1.4315
Limit 1 - 1.4358
Limit 2 - 1.4610

Reason: French Trade balance expected to be positive for the Euro. ON the technical side, the dollar has been weakening since the start of the year. I expect the weakness to continue. RSI and MACD on the daily chart indicate room for upward movement.