FXLR - Trade Updates - Fri08May09

FXLR Daily Roundup – 8th May 2009

In contrast to the last couple of weeks, it was rather a poor Friday. Nothing behaved.

Summary

- 1 Live Room trade call; 1 loss.
- 3 Intra-day trade calls; 3 breakevens.

Live room trades

GBP/USD - Long Call (-25 pips)
Live Room Call: Entry on the break of 1.5053
1st Level: 1.5028, -25 pips
Stop: 1.5028
(Allow few pips for slippage on entry/exit levels)

Intra-day trades

USD/ JPY - Short trade closed (+0 pips)
Opened Short: USD/JPY@ 98.86
Stop level: 99.15
Target level: 98.00
Closed: 98.86 (+0 pips)

USD/CHF - Short trade closed (+0 pips)
Opened Short: USD/CHF @ 1.1195
Stop level: 1.1225
Target level: 1.1100
Closed: 1.1195 (+0 pips)

USD/CAD - Short trade closed (+0 pips)
Opened Short: USD/CAD @ 1.1595
Stop level: 1.1630
Target level: 1.1400
Closed: 1.1595 (+0 pips)

Have a great weekend.

FXLR team
www.forexliveroom.com