January Trade #2 - BUY NZD/USD (Live Trade)

January 2, 2013  10:45 am (Manila)

Taking out the second half with +83 pips.  The Hourly Chart show this pair has blasted through the overbought level and may be due for a correction.

Trade Summary:

Limit 1:  +60 pips
Limit 2:  +83 pips

Total:  +143 pips

Who's your Daddy!!!
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January 2, 2013  8:32 am (Manila)

Limit 1 is hit giving the first half of the trade +60 pips.  Second half stops moved to break-even.

Yey!  That's two trades in a row already guaranteed!

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January 2, 2013 6:25 am (Manila)

BUY NZD/USD @ 0.8287
Stop - 0.8223
Limit 1- 0.8317
Limit 2 - 0.8387

Like the earlier AUD/USD trade, Trading this on technicals as indicators show a bounce from last year.  Also, it's the first day of the year trading - risk appetite could boost this pair along with the news of details coming out about the fiscal cliff deal  in the US.