January Trade #2 - BUY GBP/USD

Jan 12, 2009 3:12 pm (Manila)

Trend reversed and hit my stop for the 2nd half. Trade is out.

Summary:

1st Half: +80 pips
2nd Half: 0 pips

Total: +80 pips

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Jan 12, 2009 2:46 pm (Manila)

First half is out at +40 pips/lot for a total of +80 pips.

Second half stops moved to breakeven. Rest of trade is risk-free.

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Jan 12, 2009 11:30 am (Manila)

BUY GBP/USD @ 1.6086
Stop - 1.5942
Limit 1 - .6126
Limit 2 - 1.6182

At about 5:30pm this afternoon (manila), UK Trade Balance will come out. Expected to be less negative, it should further boost risk appetite for this pair.

On the technical side, RSI, Bollinger Bands and MACD all show enough room for an upward push on this pair (Daily and Hourly charts).

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.