Daily Thought on the EUR/USD

Pause in EUR/USD- Fundamental outlook

Not only were there no major economic reports to drive the market today, but the lack of volume can be compared to as the "calm before the storm". By storm, I am referring to tomorrow's ECB rate announcement. The ECB is expected to raise rates but before you go buying your Euro's you should keep in mind that the rate hike is already priced into the market. What you want to look out for tomorrow are the signals of whether or not the ECB plans to continue raising rates in the future. Seeing as how last month, Trichet testified that they would take strong action against inflation might be a sign that the ECB will continue raising rates throughout the year.


Technical Outlook in the EUR/USD












The Euro once again found resistance at 2800. This level will be a good one to watch especially with the rate announcement coming out tomorrow. If price makes a good break of this level I could see it going as high as 2940 (the next resistance point on the chart). If you're looking for a more conservative target, 2860 would be another good level to take profit. That is a shorter term resistance level.

Forex Trade- 8.02.06

4:20 pm EST- 1 Trade Lost

Seeing as how there were no major news reports today I expected there to be a lack of movement. However, I did see an Alba signal at 9:20 am EST and I entered 3 lots long at 2813 with a stop at 2797 and a target at 2822. I felt good about the trade because my target was within the EU range but unfortunately it didn't work out for me. I ended up getting stopped out of all 3 lots at 11:00. Hopefully the rest of the week will be better. Cheers! ~Big Pippin

Results: -48 -9(spread) = -57 pips

Forex Trade- 8.01.06

3:00 pm EST- 1 Trade Won

Finally, we are starting to see some movement as traders are starting to put their money where their speculative minds are! After the news reports today we saw some decent movement in the Euro and were able to bring in some pips. At 11:20 am EST there was an Alba signal and I entered 3 lots long at 2753 with a stop at 2739 and a target at 2762. My target was hit at 11:40 and I closed 2 lots and moved my last lot's stop to the low of that candle. I continued to trail my stops as new highs were made and at 1:00 pm EST I decided to close out my last lot because 2820 was hit again but could not be broken. That and the fact that it was already past my trading hours, I went ahead and closed my trade out at the close of that candle at 2815. Overall it was a good day and a good way to start off the month. Hopefully we'll continue to see more movements like these. Hope you all caught some of the action. Cheers! ~ Big Pippin

Results: +18 +62 -9(spread)= +71 pips

Alba results for 7.24.06 - 7.28.06

Well this week helped us close the month of July on a strong note. Even though it looked like we might have our 2nd losing month, the markets finally began to pick up and we were able to grab some pips. I'm hoping after this month we can back into full stride with the Alba system and begin to bring in bigger profits.

Monday: No trade
Tuesday: +139
Wednesday: +18
Thursday: -33
Friday: Breakeven trade

Total: +124 pips

Total for July: +116 pips

Forex Trade- 7.31.06

4:45 pm EST- No trade

Well like a typical Monday, there wasn't much going on today in the market. The Euro pretty much stayed range bound and I did not see any breakouts. We almost had an Alba signal but the price closed too close to our EU session low for us to take it. Overall it was a very quiet day and not a good time to trade. Hope you all were able to avoid the temptation to trade today :) Cheers! ~Big Pippin

Results: +0 pips













*****************************

On Friday, July 28, I had a breakout after the news report and was at a nice profit. I came close to hitting my target but then the price shot back down and I ended up having to close my trade out at breakeven. Sometimes thats just how it works out. At least I didn't end up losing anything. The market will just do what it wants :)

Forex Trade- 7.27.06

3:10 pm EST- 1 Trade Lost

Today was an interesting day in the Euro. We had economic reports at both 8:30 and 10:00. As you all know I do not like trading around news candles so I wait at least 20 minutes until after the news before entering a trade. After the 8:30 reports I saw an Alba breakout at 9:10 am EST. I entered 3 lots long at 2762 with a stop at 2732 and a target at 2778. The Euro got within 5 pips of hitting my target but then reversed on me. Knowing that there was another news report coming out at 10:00 am EST I closed all 3 of my lots when the price looked like it was not going to hit my target. I ended up getting out at around 9:45 at 2754. After the 10:00 am news I did not see any other trades. There was some good movement today it just didn't go the way I hoped. I am definitely happy now that the market is starting to move. Hopefully tomorrow will be better. Cheers! ~Big Pippin

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

Forex Trade- 7.26.06

4:50 pm EST- 1 Trade Won

Well today was a bittersweet day for me. I was able to manage a win which is always nice but unfortunately Alba took me out a little early and I missed nice move that happened later on in the day. I saw an Alba breakout at 10:10 am EST and I entered 3 lots long at 2310 with a stop at 2592 and a target at 2322. My target was hit at 10:30 am EST and I closed 2 lots and moved my last lot's stop to breakeven where unfortunately I was stopped out on the next candle. The market took a quick breathe and then proceeded with the trend as I watched on the sidelines. I'm only human. I can't help but want those pips that I missed out on but I'm still content with the fact that the system won today. There will always be moves like this in the future. Hopefully I'll be on the next one :) Cheers! ~Big Pippin

Results: +24 +3 -9(spread)= +18 pips

Forex Trade- 7.25.06

2:50 pm EST- 1 Trade Won

Well after a long wait we finally saw some movement today. It was caused by the unexpected jump in the consumer confidence report. This surprise led to a boost in the dollar and caused the euro to drop like a rock. At 10:30 am EST I saw an Alba breakout and I entered 3 lots short at 2615 with a stop at 2664 and a target at 2590. My target was hit at 11:20 am EST and I closed 2 lots and moved my last lot's stop to the high of that candle. I continued to trail my last lot's stop up until the high of the candle marked in the chart which is where I was eventually stopped out at 2566. I've been waiting a long time for this kind of movement and I'm glad we finally got a good sized trade. Hopefully we can continue to see these kinds of moves the rest of the month. Hope you all caught some of these pips. Cheers! ~Big Pippin

Results: +50 +98 -9(spread)= +139 pips

Forex Trade- 7.24.06

3:30 pm EST- Breakeven trade

Well once again, we start the week of slow. There wasn't much movement in the EUR/USD today but I did still see a signal. I was kind of weary about it because it happened late in the day and because of that I decided to hold onto my trade longer than normal. At 11:00 am EST I saw an Alba signal and I entered 3 lots short at 2619 with a stop at 2635 and a target at 2610. By 2:00pm EST my target still wasn't hit and I decided to close my trade out. I waited until the price reached breakeven and I closed out all 3 lots. It wasn't the start I was looking for but at least we got through the day without a scratch. Cheers! ~Big Pippin

Result: +0 pips

Alba results for 7.17.06 - 7.20.06

Well it was an ok week for Alba but I'm disappointed that we aren't seeing more movement. Right now it feels as if we are in a lull so I am hoping to hold steady until the movement picks up again. I didn't trade on Friday because I was on the road driving up from Florida back to Virginia. That is a loooong drive. I don't recommend that you do it! Anyways, let's hope for next week to be better. Cheers! ~Big Pippin

Monday: No trade
Tuesday: +47
Wednesday: No trade
Thursday: +6
Friday: No trading (traveling)

Total: +53 pips

Total for July: -8 pips

Forex Trade- 7.20.06

9:05 pm EST- 1 Small Trade Won

Well movement today was minimal but we were still able to grab a few pips. At 11:20 am EST there was an Alba signal and I entered 3 lots short at 2628 with a stop at 2647 and a target at 2619. At 12:30 pm EST the Euro dropped within 3 pips of my target and since it was already past our trading hours I decided to close all 3 of my lots. I exited at 2623. It wasn't the ideal trade, but at least it worked out ok. Hopefully tomorrow will be better and we can end on a good not. Cheers! ~Big Pippin

Results: + 15 -9(spread)= +6 pips

Forex Trade- 7.19.06

3:30 pm EST- No Trades

Well we had plenty of economic reports today to fuel the market but unfortunately it wasn't enough to give us a breakout or signal. Both the 8:30 and 10:00 candle caused breakouts but because I don't trade news candles, I stayed out. After each of those candles I didn't see any further confirmation that those trends would continue and stayed out both times. Hopefully we'll have better days tomorrow and Friday.

On a side note, I thought I might add that I see a possible trade for the AUD/USD. This is more of a swing trade so the risk is fairly high. I will set an entry order to buy the AUD/USD at 7566 with a stop at 7456 and a target at 7766. If this trade is not triggered by the end of the trading day tomorrow, I will remove my order. I just thought I'd throw it out there because it looks like a nice trade. Cheers! ~Big Pippin

Result: +0 pips

Forex Trade- 7.18.06

7:50 pm EST- 1 Trade Won

Well with the plethora of economic reports today, the market gave us enough juice to grab a trade. At 10:00 am EST, there was an Alba signal and I entered 3 lots short at 2507 with a stop at 2547 and a target at 2486. My target was hit at 10:30 am EST and I closed 2 lots and moved my last lot's stop to the high of that candle. I trailed my last lot's stop to the high of the next candle which is where I was eventually stopped out at 11:00 am EST at 2493. Overall it was a decent day and I'm hoping we can have more trades like this during the rest of this month. Hope you all were able to grab some pips as well! Cheers! ~Big Pippin

Result: +42 +14 -9(spread)= +47 pips

Forex Trade- 7.17.06

2:50 pm EST- No trades

Well like a typical Monday, there was very little movement during our session today. Unlike the EU session where the Euro dropped over 100 pips, the US session provided very little action. We'll just have to wait until tomorrow and hope that we can finally start seeing some movement during our trading time. Cheers! ~Big Pippin

Results: +0 pips

Alba results for 7.10.06 - 7.14.06

Well it was another bad week for me. I know it's kind of a tricky time right now so I'm not too worried. I just have to stay positive and trust that the system will eventually bring me back to positive pips. Have a great weekend everyone!

Monday: -54
Tuesday: +12
Wednesday: No trade
Thursday: -33
Friday: No trade

Total: -75 pips

Total for July: -61 pips

Forex Trade- 7.14.06

2:10 pm EST- No trade

Well today was full of economic reports but unfortunately I didn't see any good entry points. It wasn't until 9:45-10:00 am EST that I came close to taking a trade. Consumer sentiment was only marked as a yellow event on Forex Factory, but because I wasn't in a trade, I waited to see what the 9:40 and 9:50 candle would do. At 9:50 we saw a big move which caused a breakout. Because this move was volatile, I treated it as if it were a regular news candle and stayed out of the trade, deciding to wait at least 20 minutes to take a trade. After that move, I did not see any further breakout or signal trades and ended up staying on the sidelines today. Overall it's been a strange week but I'm staying optimistic that the next week will bring in better trades. Have a great weekend everyone! ~Big Pippin

Results: +0 pips

Forex Trade- 7.13.06

4:15 pm EST- 1 Trade Lost

Unfortunately today was another loss for the Alba system. It seems we just can't get out of this slump. I kind of had a bad feeling about the trade just because it happened so late and there weren't that many fundamental reports out today. However, I stuck to the rules and entered accordingly. At 11:10 am EST there was an Alba breakout and I entered 3 lots short at 2666 with a stop at 2709 and a target at 2643. By 12:30 pm EST, my target was still not hit and I decided to cut my losses and closed all 3 lots out at 2674. We have a few economic reports tomorrow so hopefully we'll see some movement and can grab some pips. Happy trading everyone! ~Big Pippin

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

Forex Trade- 7.11.06

2:20 pm EST- 1 Trade Won

Today we had a small win with an Alba signal. At 9:00 am EST, there was a good Alba signal and I entered 3 lots short at 2726 with a stop at 2740 and a target at 2717. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to breakeven. Unfortunately, the price reversed and stopped me out at breakeven on the very next candle. So it was another small win, but at least it we were positive for the day. Cheers! ~Big Pippin

Results: +18 +3 -9(spread)= +12 pips

Forex Trade- 7.10.06

2:20 pm EST- 1 Trade Lost

Well unfortunately today was not a good start to the week. Early on the market teased us of a short trade as the Euro hovered around the EU session low. It wasn't until 9:30 am EST that I saw a good Alba breakout. I entered 3 lots short at 2723 with a stop at 2738 and a target at 2715. Unfortunately the Euro did not continue to head down and retraced just enough to stop us out. It wasn't a huge loss but I would've much rather had a win today. It's still early in the week so I'm hoping we can make up some ground in the next few days. Cheers! ~Big Pippin

Results: -45 -9(spread)= -54 pips

Alba Results for 7.03.06 - 7.07.06

This was a short trading week with the holiday so not much happened. Hopefully we can gain some momentum and have a nice month to compensate for last month's disappointing loss.

Monday: Holiday- No trade
Tuesday: Holiday - No trade
Wednesday: +14
Thursday: No trade
Friday: No trade

Total: +14 pips

Total for July: +14 pips

Alba Results for 6.26.06 - 6.30.06

Well we finished the week slightly positive but it wasn't enough to bring us back to positive pips for the month. This is the first negative month that Alba has had since inception so I'm not too worried. I knew had to happen sometime but it still stinks to lose :) Hope you all did better than me!

Monday: No trade
Tuesday: -24
Wednesday: +22
Thursday: No trade
Friday: +16

Total: +14 pips

Total for June: -60 pips

Forex Trade- 6.30.06

2:10 pm EST- 1 Trade Won

Well today we were able to manage another small win. However, I looked back and realized that I messed up on my trade. I entered at the right spot but my target and stop were wrong. Either way I would've won but I still want to note that I made a mistake in today's trade so hopefully I don't do it again :) The news releases at 8:30 am EST caused a breakout but because it was a news candle I did not enter. At 9:10 am EST I saw an Alba signal/breakout and I entered 3 lots long at 2757 with a stop at 2741 and a target at 2768. I knew that the PMI report was coming out at 10:00 am EST so I made a decision that if I was in the money by the time of the news release I would exit my trade but if I was negative I would just hold it and hope for the best. At 9:40 am EST my target was hit and I closed 2 lots and moved my last lot's stop to breakeven where I was stopped out on the very next candle. So it was a small win and certainly not enough to bring me back to positive for the month but at least we ended the month on a good note. Here's to better month...Cheers! ~Big Pippin

Result: +22 +3 -9(spread)= +16 pips

Forex Trade- 6.29.06

4:15 pm EST- No trades

Today was a pretty quiet day as the Euro stayed within the EU range during our trading hours. We did almost have an Alba signal but it was too close to the EU high for us to take. I'm guessing that the lack of movement was due to traders anticipating the interest rate decision by the FOMC later in the day. After the interest rate decision was announced there was a nice move in the EUR/USD. Unfortunately our trading day was already finished. Hopefully we can get one more win tomorrow and close the month out on a good not. Cheers! ~Big Pippin

Results: +0 pips

Forex Trade- 6.28.06

3:35 pm EST- 1 Trade Won

Well finally Alba was able to pull a win today. It wasn't a big one but it sure does feel better to finally win after a string of losses! I knew that Crude inventories were coming out at 10:30 am EST but I viewed as a minor news event so I was planning to still trade. However, if I didn't have a trade and Crude inventories came out with a surprise and caused a volatile candle (30 or pips range) then I would've waited at least 20 minutes after before entering a trade. Today the trade came right before the report and I still entered. Luckily it worked out in my favor today. At 10:20 am EST there was an Alba breakout and I entered 3 lots short at 2534 with a stop at 2555 and a target at 2520. My target was hit on the 10:30 candle and I closed 2 lots and moved my last lot's stop to breakeven. I didn't see a good time to trail my stop so I left it at breakeven and unfortunately that's where I was stopped out on my last lot. We're still negative for the month, but at least we're gaining back some of our losses. Hope you all did well today. Cheers! ~Big Pippin

Results: +28 +3 -9(spread)= +22 pips

Alba Results for 6.19.06 - 6.23.06

Well this was a really tough week as I suffered 2 major losses. I'm hoping we'll see some big moves next week so I can make up some ground and try to end the month positive.

Monday: +12
Tuesday: -63
Wednesday: No Trade
Thursday: +12
Friday: -75

Total: -114 pips

Total for June: -74 pips

Forex Trade- 6.23.06

2:40 pm EST- 1 Trade Lost

Well unfortunately this week ended on a bad note. After the Durable Goods report, there was an Alba breakout and I entered 3 lots short at 2478 with a stop at 2500 and a target at 2466. I was stopped out on all 3 lots at 9:00 am EST. It hasn't been a good 2 weeks for Alba and I'm hoping I can make up some ground next week. I'm kind of anxious because I haven't had a negative month yet with this system so this could be a first. I will stick to the rules and not force any trades next week. Hopefully everything will work out :) Have a great weekend everyone. Cheers! ~Big Pippin

Result: -66 -9(spread)= -75 pips

Forex Trade- 6.22.06

2:15 pm EST- 1 Small trade won

Today was one of those days where I wish I was trading during the EU session. What a nice move the Euro made during its session. Unfortunately the move was pretty much exhausted during the US session but we did still manage to get a small trade out of it. At 9:20 am EST there was an Alba signal/breakout and I entered 3 lots short at 2565 with a stop at 2582 and a target at 2556. My target was hit at 10:10 am EST and I closed 2 lots and moved my last lot's stop to breakeven. I was stopped out on my last lot on the very next candle. So overall it wasn't a big win and of course I would've liked to have grabbed more pips from the EU session but you can't get them all :) For all you EU session traders, I hope you were able to grab some pips from that nice move. Cheers! ~Big Pippin

Result: +18 +3 -9(spread)= +12 pips

Forex Trade- 6.21.06

2:15 pm EST- No Trades

Well it was another boring day in the market. I watched as the Euro hovered around the EU high teasing us of a breakout. At 12:00 pm EST there was an Alba breakout but because it was outside of my trading time. It's unfortunate because that trade would've won. Had it been a candle earlier, I would've entered, but I'm sticking to my rules and I know there will be other trades. Hope you all did well today. Cheers! ~Big Pippin

Results: +0 pips

Forex Trade- 6.19.06

2:10 pm EST- 1 Trade Won

Unlike our normal, mundane Mondays, we actually had a winning trade today. Although there were no major economic reports out today, the market moved just enough for us to grab some pips. At 8:50 am EST, there was an Alba breakout and I entered 3 lots short at 2567 with a stop at 2585 and a target at 2558. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to breakeven. I was stopped out on my 3rd lot at breakeven at 9:30 am EST. So it wasn't a big win but at least we started off the week on a good note. Cheers! ~Big Pippin

Results: +18 +3 (-9 spread)= +12 pips

Alba Results for 6.12.06 - 6.16.06

Well it was a pretty boring week as far as # of trades goes, but considering the choppiness of the market this past week, I think it was for the better that we stayed out of a lot of trades. We did end up with a small loss this week, but I looked back at my chart on Friday and it looks like if I had traded we would of ended up with a win and would've finished the week at about breakeven. Hopefully this week will be more exciting and maybe we'll actually pull some pips in!

Monday: No trades
Tuesday: No trades
Wednesday: -57 pips
Thursday: No trades
Friday: Did not trade

Total: -57 pips

Total for June: +40 pips

Forex Trade- 6.15.06

3:35 pm EST- No trades

Once again the market showed alot of indecision today during the US session. After the jobless claims at 8:30, the Euro spiked down only to reverse back up and spike above the EU high after the TIC data report. Luckily there were no Alba breakouts or signals which once again saved us from making any bad trades today. This week has showed a lot of indecision and it might not be until next week before we see some clear direction. I will not be trading tomorrow as I have a doctors appointment and other errands I have to run during the day. I will post the weeks results by the end of this weekend. Have a great weekend everyone! ~Big Pippin

Results: +0 pips

Forex Trade- 6.14.06

4:35 pm EST- 1 Trade Lost

Unfortunately, things did not go our way today. Although the market showed good volatility, it still displayed big indecision. We almost had a short breakout after the CPI report but luckily all of our criteria was not met which kept us out of the trade. The Euro then reversed and we ended up getting a long breakout. I entered on an Alba breakout at 9:20 am EST at 1.2642 with a stop at 1.2569 and a target at 1.2680. Unfortunately the movement was finished and the price pretty much stayed in place. At 1:00 pm EST the price still had not hit my target and I decided to cut my losses and closed my trade out at 1.2626. Hopefully tomorrow will be better. Hope you all did well today. Cheers! ~Big Pippin

Results: -48 -9(spread)= -57 pips

Alba results for 6.05.06 - 6.09.06

Well it was a better week this week even though we only had 2 trades. Hopefully we can keep it up next week.

Monday: No trade
Tuesday: +21
Wednesday: No trade
Thursday: +76
Friday: No trade

Total: +97 pips

Total for June: +97 pips

Forex Trade- 6.05.06

4:05 pm EST- No trades

Like a typical Monday, there were no trades today. We did have the ISM Non Manufacturing report today but it didn't cause any movement in the EUR/USD. We had a slight break of the EU low but it wasn't enough to constitute a trade. Hopefully the rest of the week will be better. Cheers! ~ Big Pippin

Results: +0 pips

Alba results for 5.29.06 - 6.02.06

Well what a funny week it was. We didn't have any really bad trades and we didn't have any good trades. At the end of the week we ended up exactly where we started.....at breakeven! It's kind of funny but I sure would like to make some pips next week :)

Monday: Memorial Day- No trades
Tuesday: No trade
Wednesday: -21
Thursday: +3
Friday: +18

Total: +0 pips

Total for June: +0 pips

Memorial Day

There is no trading today for me as it is a US holiday. I encourage all of you, especially the American traders, to take a break from trading today as today is a very special holiday. Let us remember those who gave their lives for our country so that we could have the life of freedom that we often times take for granted. I wish you all a happy Memorial Day. Cheers! ~Big Pippin

Alba Results for 5.22.06 - 5.25.06

It was a very small profit gain this week as we only had 1 trade which was a small winner. We did not trade on Friday because it was the day before the Memorial day weekend.

Monday: +12
Tuesday: No trade
Wednesday: No trade
Thursday: No trade
Friday: No trade- Day before Memorial Day

Total: +12 pips

Total for May: +274 pips

Forex Trade- 5.25.06

2:10 pm EST- No trades

Well even with the GDP and Existing Home Sales report, the Euro still showed indecision as the price could neither break the EU high nor the EU low. It will be interesting to see what will happen tomorrow seeing as Monday is a US holiday. I will watch the markets and hopefully a trade will show up. Cheers! ~Big Pippin

Results: +0 pips

Forex Trade- 5.24.06

2:00 pm EST- Breakeven trade

Well it was quite a mover for the Euro today but I didn't see any entries until later in the day. During the EU session the Euro made about a 100 pip move up and then during the US sesssion it dropped right back down another 100 pips. At 10:30 am EST there was an Alba breakout and I entered 3 lots short at 2755 with a stop at 2837 and a target at 2712. The price got as low as 2728 but didn't move far enough to hit my target. Because there was such a large move in both the EU and US session I decided that at 12pm EST it would be a good time to get out of the trade. I ended closing my trade out at breakeven. Hope you all were able to catch some of the big moves today. Cheers! ~Big Pippin

Results: +0 pips

Forex Trade- 5.23.06

1:15 pm EST- No trades

The Euro was pretty quiet today and it stayed within its range. Bernanke did cause some volatility but the movement still showed indecision as the Euro could not break through its high or low. Luckily for us, there were no signals or breakouts which kept us out of this range bound market. Hope you all were able to stay out. Cheers! ~Big Pippin Results: +0 pips

Results: +0 pips

Forex Trade- 5.22.06

5:12 pm EST- 1 Trade Won

Even though it wasn't a big win, we were still able to manage a few pips with the Alba system. I was kind of disappointed we didn't get more but I can't complain about positive pips. There was an Alba breakout at 10:10 am EST and I entered 3 lots long at 2802 with a stop at 2786 and a target at 2811. My target was hit on the next candle and I closed 2 lots out and moved my last lot's stop to breakeven. Unfortunately that is where I got stopped out at on the very next candle. Hope you all did better than me today! Cheers, ~Big Pippin

Results: +18 +3 -9(spread)= +12 pips

Alba results for 5.15.06 - 5.19.06

Monday: -45
Tuesday: No trade
Wednesday: +92
Thursday: No trade
Friday: Out of town; no trade

Total: +47 pips

Total for May: +262 pips

Forex Trade- 5.18.06

4:00 pm EST- No Trades

Well even with Big Ben speaking today, the EUR/USD didn't move that much we did have a break of the EU high but there were no good Alba breakouts so I did not have a trade. I will also not be trading tomorrow as I have plans so this was the last trading day for me. I will post this week's results sometime tomorrow. Hope you all have a great weekend! ~Big Pippin

Result: +0 pips

Alba Results for 5.08.06 - 5.12.06

It was a good week for Alba. Although we only had 3 trades, they were all winners. Hopefully we can continue this for the rest of the month!

Monday: +24
Tuesday: +60
Wednesday: No trades
Thursday: +72
Friday: No trades

Total: +156 pips

Total for May: +215 pips

Forex Trade- 5.12.06

4:00 pm EST- No Trades

Well even with the Trade Balance and Consumer Sentiment report we didn't have enough movement in the Euro to warrent a trade. You can see from the chart that the EUR/USD stayed within its range producing no trades for us today. At least we finished the week off positive. Have a great weekend everyone! ~Big Pippin

Results: +0 pips

Forex Trade- 5.10.06

2:10 pm EST- No Trades

There was very little movement in the EUR/USD today. I'm guessing traders were waiting for the FOMC meeting. Needless to say there were no Alba signals or breakouts today. Cheers! ~Big Pippin

Results: +0 pips

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

Alba Results for 5.01.06 - 5.05.06

Well it was a pretty decent start for Alba in the month of May. Hopefully we can keep it up the rest of the month.

Monday: +80
Tuesday: No trades
Wednesday: -63
Thursday: +42
Friday: No trades

Total: +59 pips


Total for May: +59 pips

Forex Trade- 5.05.06

2:00 pm EST- No Trades

Although there was some good movement from the NFP report, I couldn't find a suitable entry. Many of you know that I don't like trading news candles and that is the reason why I didn't enter at the 8:30 candle. After the big move, the price pretty much stalled the rest of the day and I couldn't find a viable signal or breakout entry. As a result, there were no trades today. The good news is that we were able to finish the week positive. Hope you all have a great weekend. Cheers! ~Big Pippin

Result: +0 pips

Forex Trade- 5.04.06

2:45 pm EST- 1 Trade Won

Well it was a good day for Alba as we had a pretty easy win. At 9:40 am EST we had an Alba signal/breakout which is usually a very good indication of a winning trade. I entered at the close of the 9:40 candle at 2643 with a stop at 2623 and a target at 2653. My target was hit at 10:00 am EST and I closed 2 lots and moved my last lot's stop to breakeven. I trailed my stop to the low of the candle marked on the chart where I was eventually stopped out at 2674. It was a quick and painless trade and hopefully tomorrow's NFP report will give us more juice to have another winning trade. Cheers! ~Big Pippin

Results: +20 +31 -9(spread)= +42 pips

Forex Trade- 5.01.06

4:00 pm EST- 2 Trades won

It was quite an interesting Monday as we saw more movement than normal on these days. With the economic reports providing the EUR/USD some juice, we had 2 great trades. The first trade was an Alba breakout which happened at 8:50 am EST. I entered 3 lots long at 2668 with a stop at 2639 and a target at 2686. My target was hit at 9:10 and I closed 2 lots and moved my last lot's stop to the low of that candle. I was stopped out the next candle at 2673. The 2nd trade came after the release of the better than expected numbers for Factory Orders and the ISM report. At 10:40 there was a great Alba signal and I entered 3 lots short at 2623 with a stop at 2669 and a target at 2600. My target was hit at 11:40 and I closed 2 lots and moved my last lot's stop to the high of that candle. I was stopped out at noon at 2612. As far as the long term trend goes, I'm still unsure where this pair will go in the next few weeks but the intra-day movements are still giving us some decent moves. Hopefully the rest of the week will be just as good as today, but of course that usually isn't the case :) Cheers! ~Big Pippin

Results:
1st trade: +36 +5 -9(spread)= +32 pips
2nd trade: +46 +11 -9(spread)= +48 pips
Total: +80 pips

Alba Results for 4/24/06 - 4/28/06

This week was a good week minus the loss we took on Monday. Fortunately we were able to pull in enough pips to stay positive for the month.

Monday: -66
Tuesday: No Trades
Wednesday: +10
Thursday: +86
Friday: +30

Total: +60 pips

Total for March: +39 pips

Forex Trade- 4/24/06

3:40 pm EST- 1 Trade Lost

Unfortunately this week is not starting off good. There was an Alba breakout (albeit an ugly one) at 10:00 am EST and I entered 3 lots short at 2344 with a stop at 2363 and a target at 2335. I was stopped out at 10:50 on all 3 lots. The way things are going this could be the first negative month for the Alba system. We'll see how the rest of the week pans out. Cheers! ~Big Pippin

Results: -57 -9(spread)= -66 pips

Alba Results- 4/10/06 - 4/21/06

It's been a very tough 2 weeks and we're actually negative for the month at this moment. Since the Alba inception, I've never had a losing month so it will be interesting to see what will happen next week. This is one of those times when you can really see the power of good money management :)

4/10/06 - 4/12/06
Monday: No trades
Tuesday: No trades
Wednesday: -105

4/18/06 - 4/21/06
Tuesday: -33
Wednesday: -138
Thursday: +24
Friday: No trades

Total: -252 pips

Overall track record

Forex Trade- 4/21/06

4:45 pm EST- No trades

Well it was a relatively quiet day for the EUR/USD seeing as there were no economic reports today. However at around 10:30 we did get a brief spike due to some words from the Russians saying that the USD wasn't the only reserve. Price went up to the EU session high but didn't quite qualify as an Alba breakout so I stayed out. It's been a week and half and I'm hoping next week will be better. Have a great weekend everyone! ~Big Pippin

Results: +0 pips

Alba results for 4/3/06- 4/7/06

Well it really was a great week for the Alba system. I think it's just been a great week for trading in general. In this week alone we surpassed all our profits from last month. Hopefully we'll be able to add to this profit total for the rest of the month.

Monday: +54
Tuesday: +27
Wednesday: No Trades
Thursday: +86
Friday: +64

Total: +231 pips

Forex Trade- 4/03/06

2:10 pm EST- 1 Trade won

Not a bad day for a Monday. There was a good Alba breakout at 10:20 am and I entered 3 lots long at 2091 with a stop at 2069 and a target at 2103. My target was hit at 10:40 and I closed 2 lots and moved my last lot's stop to the low of that candle. I trailed my stop and was eventually stopped out at the low of the candle marked on the chart which was at 2130. We couldn't of asked for an easier trade today and it was pretty much a smooth sail for the length of the trade. Hope you all grabbed some of those pips. Cheers! ~Big Pippin

Results: +24 +39 -9(spread)= +54 pips

Alba Results for 3/27/06 - 3/31/06

Well, unlike last week, we really didn't gain much ground for the last week of March. I don't like to make excuses but I forgot about the EU DST and that is the reason why I traded bad this week, hahaha j/k. All kidding aside, it wasn't the greatest week, but at least we managed to keep most of the pips we made last week. Overall, March was definitely alot better than February and I'm hoping that April will be even better. Hope you all did well.

Monday: -18
Tuesday: -45
Wednesday: -24
Thursday: +57
Friday: No trades

Total: -30 pips

Total pips for March: +162 pips

Forex Trade- 3/31/06

3:35 pm EST- No trades

Well even with the plethora of news reports today, there was still no clear direction. The Euro stayed inside its range and didn't give us much to look at. Overall it was a pretty boring day for the Alba system. So it wasn't a great finish for March but we were still able to manage a decent number of pips. I'm looking forward to a brand new month next week. Cheers! ~Big Pippin

Results: +0 pips

Forex Trade- 3/27/06

2:00 pm EST- 1 Trade Lost

After a great week last week, we've started off on a bit of a slump today. With the lack of economic reports, and the fact that it's a Monday, there was very little movement in the Eur/Usd today. At 11:20am there was an Alba breakout and I entered 3 lots short at 2006 with a stop at 2025 and a target at 1996. Unfortunately the price did not continue down and pretty much just stayed still for the rest of the day. By 12:30 pm my target was still not hit and although I was negative, I felt like it was time to cut my losses. I exited all 3 lots at the close of the 12:20 candle at 2009. Although it was a loss, I'm satisified with being able to keep the loss small. Hopefully the rest of the week will be better. Cheers! ~Big Pippin

Results: -9 -9(spread)= -18 pips

Alba Results for 3/20/06 - 3/24/06

Well I must say this week was a very good week for Alba. Hopefully next week will follow suit so we can finish March off on a strong note.

Monday: No trades
Tuesday: +42
Wednesday: No trades
Thursday: +71
Friday: +36

Total: +149 pips

Forex Trade- 3/20/06

3:51 pm EST- No trades

Hello everyone. Today was a very dull day in the market as nothing, and I literally mean NOTHING, happened today. You can see from the chart that the market stayed rangebound and we didn't see any breakouts or signals. Hopefully the rest of the week's economic reports will give the EUR/USD some juice to make some moves. Cheers! ~Big Pippin

Results: +0 pips

Alba Results for 3/13/06 - 3/17/06

Still a very choppy week as far as wins/losses went but on both losses we were able to cut them short which allowed us to keep our gains higher than our losses.

Monday: -15
Tuesday: +45
Wednesday: -12
Thursday: +18
Friday: No trades

Total: +36 pips

Forex Trade- 3/15/06

2:30 pm EST- 1 Trade lost

Hello everyone! Today was a very dramatic day in the market as I was taken on one hell of a roller coaster ride :) There was an Alba breakout at 9:20 and I entered 3 lots long at 2055 with a stop at 2019 and a target at 2077. The price dropped and almost took me out but then rallied back up again only to stay put around the EU high. After 12 I decided I was going to try to get at or as close to breakeven as possible. I ended up getting out at 2054 at 12:20. So once again, we were saved from what could've been a massive loss. Hopefully the rest of the week will be less dramatic. Cheers! ~Big Pippin

Results: -3 -9(spread)= -12 pips

Forex Trade- 3/14/06

2:26 pm EST- 1 Trade Won

Well today was finally a good day for Miss Alba. After disappointing numbers from the Current Account and Retail Sales report, the Euro gained some ground against the dollar. At 10:10 am there was an Alba breakout and I entered 3 lots long at 1996 with a stop at 1957 and a target at 2016. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to breakeven. I trailed my last lot's stopped and was eventually stopped out at the low of the candle marked on the chart which was at 2010. Hope you all were able to catch that one :) Cheers! ~Big Pippin

Results: +40 +14 -9(spread)= +45 pips

Alba Results 3/6/06- 3/10/06

The 4th losing week since Alba's inception so I'm not so cheery but I look forward to next week for some good trading :)

Monday: 0
Tuesday: -45
Wednesday: -51
Thursday: 0
Friday: +20

Total: -76 pips

Forex Trade- 3/9/06

4:00 pm EST- No Trades

Hello everyone. Trade deficits were wider than expected causing the Euro to rise but apparently it wasn't enough to make a major impact as the market corrected itself within an hour. There was an Alba breakout at 9:10 but because Fed governer Kohn was speaking at 9:30, we did not enter. After the testimony, the market pretty much stayed flat resulting in no trades for the day. Cheers! ~Big Pippin

Result: +0 pips

Alba Results 2/27/06 - 3/3/06

Well after a horrible month in February, we started March off on a good note. Hopefully we'll see more weeks like these! Hope you all had a great trading week.

Monday: No trades
Tuesday: +26
Wednesday: +22
Thursday:' +27
Friday: +8

Total: +83 pips

Alba Results for 2/20/06 - 2/24/06

Well, it's been a tough week as well as the ending to a tough trading month. By far, this has been the most difficult month I've had with the Alba system. The plus side is that even though it was a rough month, we were still able to remain positive for the month. I'm hoping for a much better month in March.

Results for the week:

Monday: No trades
Tuesday: No trades
Wednesday: No trades
Thursday: No trades
Friday: -51 pips


Overall Alba Track Record

Forex Trade- 2/22/06

4:10 pm EST- No trades

3rd day in a row we haven't seen action. Core CPI rose but it didn't have much of an impact on the market. There hasn't been much to say about these 3 days because nothing has really happened. Let's just be glad that we haven't been caught in these sideways movements. Hopefully the next two days will give us some pips.

Results: +0 pips

Forex Trade- 2/20/06

4:16 pm EST- No Trades

Hello everyone. Hope you all had a great weekend. For those of you who know my trading style, you'll know that I don't like to trade on holidays because:

1) The market is usually very quiet which makes for dangerous trading conditions
2) I like having a break from staring at the charts. It gives me time to catch up on playing pool :)

If you did look at the markets today, you'll notice that there almost was a signal at 10:50 but if you're intuitive, you would've noticed that the profit potential was only like 1 pip. NOT worth it, especially during the holiday. Needless to say, I hope you did not enter the market today. Hopefully we will better movement throughout the rest of the week. ~Big Pippin

Results: +0 pips

Alba Results- 02/13/06 - 02/17/06

Finished the week on a good note and stayed positive. It's been a slow month for February but we are still in the green which is a very good sign during these confusing times.

Monday: +5
Tuesday: -21
Wednesday: +21
Thursday: No Trades
Friday: +31

Total: +36 pips

Forex Trade- 2/17/06

4:02 pm EST- 1 Trade Won

We were able to close the week with a positive note. Although the PPI was higher than expected the consumer sentiment was weaker and caused a slip in the dollar. This meant that the Euro gained some grounds against the USD today. At 10:00 am there was an Alba breakout and we entered 3 lots long at 1902 with a stop at 1888 and a target at 1912. Our target was hit on the next candle and we closed 2 lots and moved our last lot's stop to breakeven. We moved our stop on the next candle to 1922 but we were stopped out when the price made a slight retracement to 1920 before moving back up. Although we didn't grab the extra pips, we were still able to end the week on a good note. Have a great weekend everyone!

Results: +20 +20 -9(spread)= +31 pips

Alba Results- 2/6/06 - 2/10/06

Not the best week for Alba but still managed to end up positive for the week* (technically. See Friday's trade). I've been saying this all week but this is a tough time for the EUR/USD and if we can get through this next month or so, it will definitely pay off in the long run when the pair starts to trend again. Hope you all had a good week. Have a great weekend!

Monday: No trades
Tuesday: +8
Wednesday: No trades
Thursday: -69
Friday: +99

Total: +38 pips

Forex Trade- 2/7/06

4:11 pm EST- 1 Small Trade won

Although it wasn't a huge gain, we did manage to pull out a few pips from Alba today. At 10:50 there was an Alba breakout and I went 3 lots short at 1951 with a stop at 1965 and a target at 1944. My target was hit on the next candle and I closed 2 lots out and moved my stop to breakeven where I was stopped out on at the same candle. It was a short and sweet trade and once again, Alba gave us positive pips. ~Big Pippin

Results: +14 +3 -9(spread)= +8 pips

Forex Trade- 2/6/06

4:21 pm EST- No Trades

Like the typical Monday, there were no trades for the Euro today. As you can see from the chart, the price pretty much hovered around its low for the day and didn't give us any signals or breakouts. The dead time allowed me to catch up on some reading and also allowed me to catch up on my favorite soaps (just kidding). Hopefully tomorrow will be a little more exciting. ~Big Pippin

Results: +0

Alba Results 1/30/06 - 2/3/06

After a topsy turvy week we came out with a very small win with 6 pips for the week. I know its such a huge profit. Maybe we can eat at Wendy's this weekend :) Anyways, I'm hoping for a better week next week. Cheers.

Monday: +44
Tuesday: No trades
Wednesday: -81
Thursday: +3
Friday: +40

Total: +6 pips