FXLR - Trades Update - Wed 13May09

FXLR Daily Roundup – Wed 13th May 2009

Whilst a nice flag breakout on Cable Yen was missed by us, one or two of the room grabbed it for +100 pips. We were a little unlucky on the two trades called in the live room, but had we held things would have been different. But the Intra-day calls were excellent again. A couple of really good ones.

Summary

- 2 Live Room trade calls; 2 losses.
- 6 Intra-day trade calls; 6 wins.


Live room trades

GBP/USD - Long Call (-25 pips)
Live Room Call: Entry on the break of 1.5320
1st Level: 1.5295, -25 pips
Stop: 1.5295
(Allow few pips for slippage on entry/exit levels)

USD/CAD - Long Call (-7 pips)
Live Room Call: Entry on the break of 1.1586
1st Level: 1.1579, -7 pips
Stop: 1.1560
(Allow few pips for slippage on entry/exit levels)


Intra-day trades

GBP/USD - Short trade closed (+94 pips, ave.)
Opened Short: GBP/USD @ 1.5277
Stop level: 1.5305
Target level: 1.5140
Closed: 1.5121 (1/2: +32, 1/2: +156)
Half closed 1.5245

AUD/USD - Short trade closed (+61 pips, ave.)
Opened Short: AUD/USD @ 0.7665
Stop level: 0.7695
Target level: 0.7550
Closed: 0.7581 (1/2: +38, 1/2: +84)
Half closed at 0.7627

USD/CAD - Long trade closed (+17 pips, ave.)
Opened Long: USD/CAD @ 1.1592
Stop level: 1.1560
Target level: 1.1690
Closed: 1.1592 (1/2: +34, 1/2: +0)
Half closed at 1.1626

EUR/USD - Short trade closed (+14 pips, ave.)
Opened Short: EUR/USD @ 1.3664
Stop level: 1.1.3698
Target level: 1.3550
Closed: (1/2: +29, 1/2: +0)
Half closed at 1.3635

EUR/JPY - Short trade closed (+10 pips, ave.)
Opened Short: EUR/JPY @ 130.50
Stop level: 130.85
Target level: 129.00
Closed: 130.50 (1/2: +20, 1/2: +0)
Half closed at 130.30

USD/ JPY - Short trade closed (+27 pips, ave.)
Opened Short: USD/JPY@ 95.67
Stop level: 95.90
Target level: 94.00
Closed: 95.35 (1/2: +22, 1/2: +32)
Half closed at 95.45


Have a good evening.

FXLR team
www.forexliveroom.com