FXLR - Trades Update - Thurs 07May09

FXLR Daily Roundup – 7th May 2009

Summary

- 2 Live Room trade calls; 1 win, 1 breakeven.
- 3 Intra-day trade calls; 2 wins, 1 breakeven.

Live room trades

EUR/USD - Short Call (+8 pips)
Live Room Call: Entry on the break of 1.3270
1st Level: 1.3254, +16 pips
2nd Level: 1.3270, +0 pips
Stop: 1.3295
(Allow few pips for slippage on entry/exit levels)

GBP/USD - Short Call (+0 pips)
Live Room Call: Entry on the break of 1.5090
1st Level: 1.5090, +0 pips
Stop: 1.5115
(Allow few pips for slippage on entry/exit levels)


Intra-day trades

USD/CAD - Long trade closed (+0 pips)
Opened Long: USD/CAD @ 1.1721
Stop level: 1.1685
Target level: 1.1820
Closed: 1.1721 (+0 pips)

EUR/JPY - Long trade closed (+12 pips, ave.)
Opened Long: EUR/JPY@ 132.45
Stop level: 132.07
Target level: 133.50
Closed: 132.45 (1/2: +25, 1/2: +0)
Half closed at 132.70

GBP/USD - Short trade closed (+56 pips, ave.)
Opened Short: GBP/USD @ 1.5031
Stop level: 1.5062
Target level: 1.4950
Closed: 1.4950 (1/2: +32, 1/2: +81)
Half closed at 1.4999

Have a good evening.

FXLR team
www.forexliveroom.com