Trade Signal of 7-7-09

Trading Systems
1

We added 3 Entry positions for tomorrow. Keep eye on Usd/Chf @ 1.0780 as Long if dollar index falls. Also you could check out Trend Trading signal for Active Trader where we list trend signal.

We will give out Two trade signal for Non-Member today, normally we only give out one trade signal.

Short Gbp/Usd @1.6320
Stop @1.6340
Target 1 @ 1.6300
Target 2 @1.6220

Long Aud/Usd @0.7785
Stop @0.7765
Target 1 @0.7805
Target 2 @0.7920

[B]Note: Please take 1/2 position size off once Target 1 is met. [/B]

[B]Trade Updates[/B]
Aud/Usd reached target1 with 20 pips gain and reverse back down to get us stop out.

2

[B]Alert on 7-8-09 14:30 EDT[/B]

Let’s Long Aud/Usd @0.7728 with stop @0.7690. Let’s risk only 1% of account size instead of 2%.
Short Usd/Chf @1.0930 with stop @1.0955. Let’s risk only 1% of account size instead of 2%.
[B]ONLY 1% of account size[/B]

[B]Total Gains for both trades are +63 pips for Aud/Usd Trade, +73 Pips for Usd/Chf, detail trade log is on bottom.[/B]

Long Aud/Usd @ 0.7728
Stop @ 0.7690
Target1 @ 0.7748
Target2 @ 0.7920

Short Usd/Chf @ 1.0930
Stop @ 1.0955
Target1 @ 1.0910
Target2 @ 1.0820

[B]Trade Update:[/B]

  1. Let’s move Aud/Usd stop to 0.7708 since our target1 is hit. We will let second half position run to our second target. (+20 pips)
  2. Let’s move Usd/Chf stop @1.0950 since our target1 is hit. We will let second half position run to our second target. (+20 pips)
  3. Let’s move Aud/Usd stop @0.7730 to breakeven on second half position after we gained 20 pips on target1. And change target2 to 0.7910
  4. Let’s move Aud/Usd stop @0.7775 on second half position which has some resistance area @07815 and change target2 to 0.7890
    Let’s change Target2 on Usd/Chf to 1.0780 since we lower our target on Aud/Usd.
  5. Move Usd/Chf Stop @1.0930 after Target1 is hit. Usd/Chf is at support level now @1.0960.
  6. Let’s take 105 pips gain on Aud/Usd here @0.7735. We will let Usd/Chf ride to our second target @1.0780. Don’t want to let profit slide away.
  7. Move Usd/Chf stop @1.0910 which has reached 100 pips gain already from our entry on our Target2.
  8. Let’s close Usd/Chf @1.0805 for 125 pips gain on Target2.