Thursday, January 3, 2013

2013 Long-Term Trade #1 - BUY AUD/USD

January 14, 2013  1:20 pm (Manila)

Second half is out at +48 pips.  Took it out as the pair is on the oversold level already and might be due for a correction.

Trade Summary:

1st Half:  +60 pips
2nd Half:  +48 pips

Total:  +108 pips


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

January 10, 2013  5:29 pm (Manila)

Limit 1 has just been hit at +60 pips.  Second half stop is moved to breakeven.


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

January 3, 2013 2:00 am (Manila)

BUY AUD/USD @ 1.0507
Stop - 1.0364
Limit 1 - 1.0567
Limit 2 - 1.0838

I believe a few things are going for this pair to go up - risk appetite is back after going over the fiscal cliff hump this week, gold prices remain strong and the pair has just breached the Buy region.

No comments:

Post a Comment