Monday, May 08, 2006

Forex Trade- 5.08.06

2:35 pm EST- 1 Small Trade won

Considering it was a Monday with no economic reports out, I was surprised to pull in a small win today. At 9:50 there was an Alba breakout and I entered 3 lots short at 2709 with a stop at 2747 and a target at 2690. The price came close to hitting my target but didn't quite make it. By 2:00 pm, my target was still not hit so I decided to close my trade out at the close of the 2pm candle which was at 2698. On a day like this I was happy Alba was still able to give us some positive pips. Hope you all did well today. Cheers! ~Big Pippin

Results: +33 -9(spread)= +24 pips

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