Wednesday, December 21, 2005

Forex Trade - 12/21/05

6:45 pm- 1 Trade Won

Another good day for Alba. Although there were no major news reports out today, we saw a nice move down in the Euro. It wasn't as sexy as yesterday's move but it was still attractive. There wasn't an Alba breakout until 9:30 am EST and we entered 3 lots short at 1818 with a s/l at 1852 and a target at 1801. Our target was hit at 10:20 and we closed 2 lots and moved our last lot's stop to the high of that candle which was 1813. Unfortunately we were stopped out on the next candle. Overall it was a very good day for Alba. Tomorrow will be our last trading day because I do not like trading right before Christmas Eve. Hope you all did well today. ~Big Pippin

Results: +34 +5 -9(spread)= +30 pips













8:00 am - Analysis

Good morning! Hope everyone was prepared for that big move in EURUSD yesterday and got a chance to catch some pips...Those of us in the Alba Learn'N Trade managed to snag 63 pips out of the market. Not bad!! Well, there isn't much as far as US economic news today, so we may see a quiet sideways market. At 8:30 am EST we have Gross Domestic Product q/q coming out with consensus matching previous at 4.3%. GDP is an important indicator of the health of the economy, but this is the quarterly reading so not as much weight is being put to it. Stay cautious during this time period, just in case! Well, keep an eye on the market and stay focused! Good luck and good trading! ~ PipCrawler



EU Session High: 1.1912
EU Session Low: 1.1857

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