Tuesday, May 16, 2006

Forex Trade 05/16/06

2:35 pm EST- No Trades

Well although the PPI did cause some movement, there were no Alba signals or breakouts which kept us out of the market today. I'm not too worried about it because the market didn't really make any big movements. Like I always say, I'd rather sit out and have no trade then enter a trade and lose :) I'm looking forward to a better rest of the week. Cheers! ~Big Pippin

Results: +0 pips

8:00 am EST - Analysis

Good morning! We have many US reports being released in the early part of the US trading session. At 8:30 am EST, we have Housing Starts and Producer Price Index, with PPI excluding food and energy probably the most closely watched report of today. Then at 9:15 am EST, Industrail Production and Capacity Utilization reports being released. Both also have been potentially volatile in the past. Please be patient during those times Alba traders. Stay focused, Good luck and good trading! ~Pipcrawler

EU Session High: 1.2833
EU Session Low: 1.2771

1 comment:

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