Here are this weeks results:
Monday: No trades
Tuesday: +63
Wednesday: +30
Thursday: +34
Total: +127 pips
Not bad for a Christmas gift :) Have a great holidays everyone!
Thursday, December 22, 2005
Forex Trading- 12/22/05
7:00 pm- 1 Trade Won
Hello everyone! On the final day of our Learn N Trade session we were able to bag another win. I had a feeling we would see an Alba breakout because the EU session range was very narrow. At 9:30 am EST there was a very clear Alba breakout and I entered 3 lots long at 1863 with a stop loss at 1845 and a target at 1875. Our target was hit at 10:00 and I closed 2 lots and moved my last lot's stop to breakeven. I trailed my stop to the low of each candle that made a new high and was eventually stopped out at 1882. It's been a great week for Alba and I will not be trading tomorrow since it is right before Christmas Eve. I will also be taking a break from trading all of next week because of the lull in between Christmas and New Years. Trades and charts will resume on January 2, 2006. I hope you all had a great week and I wish you all a Merry Christmas and a Happy New Year! ~Big Pippin
Results: +24 +19 -9(spread)= +34 pips
Hello everyone! On the final day of our Learn N Trade session we were able to bag another win. I had a feeling we would see an Alba breakout because the EU session range was very narrow. At 9:30 am EST there was a very clear Alba breakout and I entered 3 lots long at 1863 with a stop loss at 1845 and a target at 1875. Our target was hit at 10:00 and I closed 2 lots and moved my last lot's stop to breakeven. I trailed my stop to the low of each candle that made a new high and was eventually stopped out at 1882. It's been a great week for Alba and I will not be trading tomorrow since it is right before Christmas Eve. I will also be taking a break from trading all of next week because of the lull in between Christmas and New Years. Trades and charts will resume on January 2, 2006. I hope you all had a great week and I wish you all a Merry Christmas and a Happy New Year! ~Big Pippin
Results: +24 +19 -9(spread)= +34 pips
Monday, December 19, 2005
Forex Trade - 12/19/05
8:00 am - Analysis
Good morning!! It's another wonderful week in the Forex markets and we have our charting software back up!! Thank goodness, because I think Netdania is a great free charting software tool, it doesn't come close to the professional stuff! So, we should have regular updates on this blog and at www.babypips.com. Also, we are starting the Alba Learn'N Trades this week. If you're interested in joining us please click on the banner up top for more details!
Looks pretty thin in the US today with no majoy economic reports coming out today. The high of the EU Session is marked at 1.2030, and the low at 1.1980. As of this writing it looks like the EURUSD is trying to make a break of the lows. Keep an eye on this and stay focused. If it breaks it's good! Good luck and good trading!! ~ PipCrawler
EU Session High: 1.2030
EU Session Low: 1.1980
Good morning!! It's another wonderful week in the Forex markets and we have our charting software back up!! Thank goodness, because I think Netdania is a great free charting software tool, it doesn't come close to the professional stuff! So, we should have regular updates on this blog and at www.babypips.com. Also, we are starting the Alba Learn'N Trades this week. If you're interested in joining us please click on the banner up top for more details!
Looks pretty thin in the US today with no majoy economic reports coming out today. The high of the EU Session is marked at 1.2030, and the low at 1.1980. As of this writing it looks like the EURUSD is trying to make a break of the lows. Keep an eye on this and stay focused. If it breaks it's good! Good luck and good trading!! ~ PipCrawler
EU Session High: 1.2030
EU Session Low: 1.1980
Tuesday, December 13, 2005
Forex Trade -12/13/05
8:00 am EST - Analysis
Good Morning! Well, it looks like our charting software is still not acting right! Does anybody know any good charting software?? It might be time to switch...hehe. Well, today at 8:30 am EST we have retail sales reports coming out with Advanced retail sales consense at 0.4% vs. previous -0.1%. Retail sales less autos is consenses is 0.0% vs. 0.9% previous. We may see some movement from these reports, but I think traders are going to wait until the FOMC meeting today at 2:15 pm EST. It is projected the Fed will raise from 4.00% to 4.25%, but the question of the day is "will there be more interest rate hikes?" We'll have to wait and see. Until then let's get focused on the what's going on in the market and remember to wait 30 min to 1 hour after news reports to trade to avoid any whipsaws. Good luck and good trading my friends! ~ PipCrawler
Good Morning! Well, it looks like our charting software is still not acting right! Does anybody know any good charting software?? It might be time to switch...hehe. Well, today at 8:30 am EST we have retail sales reports coming out with Advanced retail sales consense at 0.4% vs. previous -0.1%. Retail sales less autos is consenses is 0.0% vs. 0.9% previous. We may see some movement from these reports, but I think traders are going to wait until the FOMC meeting today at 2:15 pm EST. It is projected the Fed will raise from 4.00% to 4.25%, but the question of the day is "will there be more interest rate hikes?" We'll have to wait and see. Until then let's get focused on the what's going on in the market and remember to wait 30 min to 1 hour after news reports to trade to avoid any whipsaws. Good luck and good trading my friends! ~ PipCrawler
Monday, December 05, 2005
Alba results for 11/21/05 - 11/23/05 and 11/28/05 - 12/02/05
Sunday, November 20, 2005
Pip Daddy's Thoughts For The Upcoming Week
I’m not trying to be a party pooper, but this guy might describe the market this week.
How come?
Ummmm Yummy! It’s that time of the year again. Thanksgiving!
Most Americans will have turkey, family, and friends on their minds this week so expect overall market activity to be very low. Don’t think it’ll just be the U.S. session. Those Yankees also trade during Asian and European hours but not during Thanksgiving time. Take another look at that thing. Looks so juicy.
There will be lots of spikes and I wouldn’t be surprised if bored market makers out there who aren’t giving thanks will be on the prowl for stops.
Low liquidity = lots of spikes and lots of stop hunts.
So I’m faced with a dilemma…
Since it’s basically a holiday this upcoming week, should I even trade and write a chart analysis? Well like the Boy Scouts motto says, we have to be prepared for anything. I don’t expect the market to move BIG this week, but we may still be able to make some pips! Yeah baby yeah!
For the rest of Pip Daddy's free comprehensive chart analysis, check out http://www.babypips.com/forex-analysis/forex-chart-analysis.html
Hope you all had a great weekend!
Cheers,
-BigPippin
Friday, November 18, 2005
Monday, November 14, 2005
Forex Trading- 11/14/05
7:00 pm- 1 Trade Won
Hello everyone! Hope you all had a great weekend. Unfortunately I wasn't able to post this morning because my subscription was expired and I had problems getting renewed. Luckily I was able to get it back up right before the trade happened. I've been working on updates for the Alba system so you might notice that the charts look a little different. It's not concrete yet, but I'm thinking of actually getting rid of all the indicators except the moving averages and strictly relying on price action and volatility of the EU session. Talk about a simple system! I am also getting rid of the morning calculated targets as I have found some flaws with them. Don't worry, they don't affect the actual entries of the Alba system, but since it has some errors, I'd rather just take it off for now until I come up with a better solution.
As for today, there was a classic Alba breakout at 8:20 am EST. I entered 3 lots short at 1692 with a stop loss at 1741 and a target at 1666. My target was hit at 11:40 and I closed 2 lots and moved my stop to the high of that candle which was 1677. Unfortunately there was no more downward movement and my last lot was stopped out at 12:30.
Results: +52 +15 -9(spread)= +58 pips
~Posted by Big Pippin
Hello everyone! Hope you all had a great weekend. Unfortunately I wasn't able to post this morning because my subscription was expired and I had problems getting renewed. Luckily I was able to get it back up right before the trade happened. I've been working on updates for the Alba system so you might notice that the charts look a little different. It's not concrete yet, but I'm thinking of actually getting rid of all the indicators except the moving averages and strictly relying on price action and volatility of the EU session. Talk about a simple system! I am also getting rid of the morning calculated targets as I have found some flaws with them. Don't worry, they don't affect the actual entries of the Alba system, but since it has some errors, I'd rather just take it off for now until I come up with a better solution.
As for today, there was a classic Alba breakout at 8:20 am EST. I entered 3 lots short at 1692 with a stop loss at 1741 and a target at 1666. My target was hit at 11:40 and I closed 2 lots and moved my stop to the high of that candle which was 1677. Unfortunately there was no more downward movement and my last lot was stopped out at 12:30.
Results: +52 +15 -9(spread)= +58 pips
~Posted by Big Pippin
Tuesday, November 08, 2005
Forex Trading- 11/08/05
6:45 pm- 1 Trade won
Today was an easy trade although it wasn't a big winner. There was an Alba breakout at 9:40 am EST and I entered 3 lots long at 1757 with a s/l at 1742 and a first target at 1765. The very next candle my target was hit and I closed 2 lots and moved my stop to breakeven. Unfortunately the very next candle stopped me out and the price continued to rise for about another 20 pips. Oh well, a win is a win no matter how small or big it is. Hopefully we'll see more movement later on this week. Hope you all did well. ~BigPippin
Results: +16 +3 -9(spread)= +10 pips
8:00 am- Analysis
Good morning everyone! Hopefully we'll see better movement than we saw yesterday. The Euro made about a 37 pip range during the EU session. With that range, I'm expecting about 75 pips of movement left for the US session. However, there are no major news reports coming out today so we might see another flat day. Just be prepared for anything, but be patient and make sure you wait for a good Alba signal or breakout. Remember, follow the rules of the system. Good luck and happy trading everyone! ~BigPippin
Key Levels:
EU Session High: 1746
EU Session Low: 1709
Calculated Target 1: 1821
Calculated Target 2: 1671
Today was an easy trade although it wasn't a big winner. There was an Alba breakout at 9:40 am EST and I entered 3 lots long at 1757 with a s/l at 1742 and a first target at 1765. The very next candle my target was hit and I closed 2 lots and moved my stop to breakeven. Unfortunately the very next candle stopped me out and the price continued to rise for about another 20 pips. Oh well, a win is a win no matter how small or big it is. Hopefully we'll see more movement later on this week. Hope you all did well. ~BigPippin
Results: +16 +3 -9(spread)= +10 pips
8:00 am- Analysis
Good morning everyone! Hopefully we'll see better movement than we saw yesterday. The Euro made about a 37 pip range during the EU session. With that range, I'm expecting about 75 pips of movement left for the US session. However, there are no major news reports coming out today so we might see another flat day. Just be prepared for anything, but be patient and make sure you wait for a good Alba signal or breakout. Remember, follow the rules of the system. Good luck and happy trading everyone! ~BigPippin
Key Levels:
EU Session High: 1746
EU Session Low: 1709
Calculated Target 1: 1821
Calculated Target 2: 1671
Monday, November 07, 2005
Please welcome PipCrawler
Hello everyone! I just wanted to let everyone know that PipCrawler, another member of the BabyPips team, will be assisting me with the blog. He is veteran trader, not just in the forex, but also in stocks and options as well. He is very proficient with the Alba system so you don't have to worry. He knows what he is doing. In fact, he's ALMOST as good as me, hahahaha! Anyways, I just thought I'd let you all know so that you wouldn't wonder who this strange PipCrawler person was.
ALSO, we have received many emails regarding people wanting to know if we could make the Alba system work on Metatrader. The biggest problem is that Metatrader doesn't have 10 minute charts. However, I received an email from someone who was able to write an indicator so that you could make the 5 minute chart look like a 10 minute chart. It's still being tested but as soon as it's ready to go, I'll be sure to let you all know.
That's it for now. See you all tomorrow! ~BigPippin
ALSO, we have received many emails regarding people wanting to know if we could make the Alba system work on Metatrader. The biggest problem is that Metatrader doesn't have 10 minute charts. However, I received an email from someone who was able to write an indicator so that you could make the 5 minute chart look like a 10 minute chart. It's still being tested but as soon as it's ready to go, I'll be sure to let you all know.
That's it for now. See you all tomorrow! ~BigPippin
Friday, November 04, 2005
Forex Trading- 11/04/05
8:00 am- Analysis
Good morning everyone! Sorry I couldn't post again yesterday, but what a day it was for the Alba system. Once again there was both an Alba breakout and an Alba signal trade that was good for about 90 pips. I hope you all were able to catch some of it. Today looks like it will be another big mover for the Euro because it only made a 24 pip range during the EU session. This means that there is about 87 pips of movement still left in it. At 8:30 am EST, the employment change report comes out for the US so it's most likely we'll see a breakout. I would be extra careful though because since the Euro is such in a narrow range, there's a possibility that the first breakout might be fake. Also, with the news, there might be a breakout in one way, but then 10 minutes later it could correct itself. So far this week there has been no losing trades for the Alba system. In fact, every day has been very good. If you have had a good, profitable week, you might just want to stay out. Take the day off and enjoy it. However, if you do trade, stick to the rules of the Alba system no matter what. If you lose, you just have to take it in stride. That's the risk we take when we trade :) Have a great day everyone!
Key Levels:
EU session high: 1952
EU session low: 1928
Calculated target 1: 2039
Calculated target 2: 1841
Alba Learn N Trade
We have been getting good response for the Alba Learn N Trade and are excited to start the live training sessions. Remember, it is on a first come, first serve basis so the sooner you sign up, the sooner your live training will be. If you want more information on the Learn N Trade, just click on the green banner at the top.
Good morning everyone! Sorry I couldn't post again yesterday, but what a day it was for the Alba system. Once again there was both an Alba breakout and an Alba signal trade that was good for about 90 pips. I hope you all were able to catch some of it. Today looks like it will be another big mover for the Euro because it only made a 24 pip range during the EU session. This means that there is about 87 pips of movement still left in it. At 8:30 am EST, the employment change report comes out for the US so it's most likely we'll see a breakout. I would be extra careful though because since the Euro is such in a narrow range, there's a possibility that the first breakout might be fake. Also, with the news, there might be a breakout in one way, but then 10 minutes later it could correct itself. So far this week there has been no losing trades for the Alba system. In fact, every day has been very good. If you have had a good, profitable week, you might just want to stay out. Take the day off and enjoy it. However, if you do trade, stick to the rules of the Alba system no matter what. If you lose, you just have to take it in stride. That's the risk we take when we trade :) Have a great day everyone!
Key Levels:
EU session high: 1952
EU session low: 1928
Calculated target 1: 2039
Calculated target 2: 1841
Alba Learn N Trade
We have been getting good response for the Alba Learn N Trade and are excited to start the live training sessions. Remember, it is on a first come, first serve basis so the sooner you sign up, the sooner your live training will be. If you want more information on the Learn N Trade, just click on the green banner at the top.
Thursday, November 03, 2005
Forex Trading- 11/03/05
8:00 am- Analysis
Good morning everyone! The Euro made a 37 pip range yesterday and is poised to move about 70 pips for the US session. The ECB just announced that they will hold rates to aid the economy and we did see some downward movement. We will see if that continues or corrects itself during the US session. Also, Greenspan is testifying to Congress today at 10:00am EST so be prepared for anything. Wait for a good Alba Signal or Alba Breakout and be patient with your trades. Happy trading everyone!
Key Levels:
EU session high: 2081
EU session low: 2044
Calculated target 1: 2115
Calculated target 2: 1973
Good morning everyone! The Euro made a 37 pip range yesterday and is poised to move about 70 pips for the US session. The ECB just announced that they will hold rates to aid the economy and we did see some downward movement. We will see if that continues or corrects itself during the US session. Also, Greenspan is testifying to Congress today at 10:00am EST so be prepared for anything. Wait for a good Alba Signal or Alba Breakout and be patient with your trades. Happy trading everyone!
Key Levels:
EU session high: 2081
EU session low: 2044
Calculated target 1: 2115
Calculated target 2: 1973
Wednesday, November 02, 2005
Forex Trading- 11/02/05
8:00 pm- 2 Trades won
It was the best of both worlds today as there was both an Alba signal and an Alba breakout. The Alba signal was given at 8:30 am EST and I entered 3 lots long at 2012 with a s/l at 1996 and a first target at 2021. My target was hit at 8:50 and I closed 2 lots and moved my last lot's stop to b/e. I continued to move my stop to the low of each candle that made a new high and I ended up getting stopped out at 2031. At 10:30 there was an Alba breakout and I entered 3 lots long at 2057 with a s/l at 2033 and a first target at 2072. My target was hit at 10:40 and I closed 2 lots and moved my last lot's stop to b/e which is where I was eventually stopped out on my last lot. Overall it was a very good day today.
Results:
+18 +19 -9(spread)= +28 pips
+30 +0 -9(spread)= +21 pips
Total: +49 pips
8:00 am- Analysis
Sorry for the late post everyone. I was just catching up on everyone's emails. If you traded yesterday, the Alba system had a small win for about 18 pips. There was a classic Alba signal and it was a fairly easy trade. Today the Euro made a 52 pip range last night and is poised for about another 50 pips of movement during the US session. Right now we are currently around the EU session low so we want to wait for either a bounce or a break of the low. With the bounce, look for an Alba signal and with the break look for well....an Alba breakout. No major news reports are coming out today so it's a possibility we might not see any movement. But then again, sometimes these are the days when big banks like to make their transactions. Remember to be patient and follow the rules of the Alba system and you should be fine. If there is no trade today then don't try to force anything. Remember, there's always tomorrow. The pips aren't going anywhere :) Happy trading everyone!
Key Levels:
EU session high: 2040
EU session low: 1988
Calculated Target 1: 2042
Calculated Target 2: 1934
It was the best of both worlds today as there was both an Alba signal and an Alba breakout. The Alba signal was given at 8:30 am EST and I entered 3 lots long at 2012 with a s/l at 1996 and a first target at 2021. My target was hit at 8:50 and I closed 2 lots and moved my last lot's stop to b/e. I continued to move my stop to the low of each candle that made a new high and I ended up getting stopped out at 2031. At 10:30 there was an Alba breakout and I entered 3 lots long at 2057 with a s/l at 2033 and a first target at 2072. My target was hit at 10:40 and I closed 2 lots and moved my last lot's stop to b/e which is where I was eventually stopped out on my last lot. Overall it was a very good day today.
Results:
+18 +19 -9(spread)= +28 pips
+30 +0 -9(spread)= +21 pips
Total: +49 pips
8:00 am- Analysis
Sorry for the late post everyone. I was just catching up on everyone's emails. If you traded yesterday, the Alba system had a small win for about 18 pips. There was a classic Alba signal and it was a fairly easy trade. Today the Euro made a 52 pip range last night and is poised for about another 50 pips of movement during the US session. Right now we are currently around the EU session low so we want to wait for either a bounce or a break of the low. With the bounce, look for an Alba signal and with the break look for well....an Alba breakout. No major news reports are coming out today so it's a possibility we might not see any movement. But then again, sometimes these are the days when big banks like to make their transactions. Remember to be patient and follow the rules of the Alba system and you should be fine. If there is no trade today then don't try to force anything. Remember, there's always tomorrow. The pips aren't going anywhere :) Happy trading everyone!
Key Levels:
EU session high: 2040
EU session low: 1988
Calculated Target 1: 2042
Calculated Target 2: 1934
Tuesday, November 01, 2005
Awesome Start for BabyPips
Hello everyone! I won't be trading today again in order to keep up with all the PDF requests. If you still haven't gotten yours, make sure you follow the directions to the email I sent out a couple days ago.
The BabyPips launch was a huge success. We had over a few thousand unique visitors yesterday and alot of it is thanks to you guys. Thank you for spreading the word. We've gotten so many emails and comments complimenting the site and we really appreciate them. It keeps us motivated to keep moving forward. So from all of us at the BabyPips team, we want to send a big thanks out to all of you and we hope you keep spreading the word wherever you go.
There has been an overwhelming number of people who have signed up for the Alba Learn N Trade which I think will be very helpful to all of you as you will be able to watch me trade live. More importantly, you will be put into teams after the sessions are over so that you can trade as a group. Trading as a team will help you in your trading tremendously as it will keep you accountable to follow the rules of the system. If you are still interested in signing up for the Alba Learn N Trade you can still sign up. The quicker you sign up, the sooner your live training sessions will be. You can send me an email if you're interested.
Like I said before, version 2.0 is already in progress, and there is a TON of stuff that is going to be added to the site so be sure to sign up for the newsletter to get updates of when new material is posted. I'm hoping that I'll be able to trade tomorrow, but I've been so excited about the launch that I haven't even really thought about trade. If you did trade the Alba system yesterday, you would've made some nice pips off of an Alba breakout. I just quickly looked at the charts and I think it was about a 40 pip gain. Anyways, hope you all do well today. Happy trading everyone and thanks again!
The BabyPips launch was a huge success. We had over a few thousand unique visitors yesterday and alot of it is thanks to you guys. Thank you for spreading the word. We've gotten so many emails and comments complimenting the site and we really appreciate them. It keeps us motivated to keep moving forward. So from all of us at the BabyPips team, we want to send a big thanks out to all of you and we hope you keep spreading the word wherever you go.
There has been an overwhelming number of people who have signed up for the Alba Learn N Trade which I think will be very helpful to all of you as you will be able to watch me trade live. More importantly, you will be put into teams after the sessions are over so that you can trade as a group. Trading as a team will help you in your trading tremendously as it will keep you accountable to follow the rules of the system. If you are still interested in signing up for the Alba Learn N Trade you can still sign up. The quicker you sign up, the sooner your live training sessions will be. You can send me an email if you're interested.
Like I said before, version 2.0 is already in progress, and there is a TON of stuff that is going to be added to the site so be sure to sign up for the newsletter to get updates of when new material is posted. I'm hoping that I'll be able to trade tomorrow, but I've been so excited about the launch that I haven't even really thought about trade. If you did trade the Alba system yesterday, you would've made some nice pips off of an Alba breakout. I just quickly looked at the charts and I think it was about a 40 pip gain. Anyways, hope you all do well today. Happy trading everyone and thanks again!
Monday, October 31, 2005
BabyPips.com is now live!
It's Official
Yes, that's right. BabyPips.com is now officially open and ready to serve the forex community! If you visit BabyPips and know some people that might find the site useful, please spread the word and let them know that BabyPips is a good resource for them. We want to spread the BabyPips name out like a virus and infect people with free, unbiased trading education :)
I really want to thank everyone that has been supporting me on my blog and through email. All your comments mean alot to me and has kept me motivated to work on the site. That is why I am happy to give you all "The Alba System". It's not much, but it's just my way of saying thanks for all your support.
For those of you who emailed fr1edmango@yahoo.com up until yesterday requesting the system, you should've received an email from me yesterday with final instructions on how to get the PDF. The fact that alot of people are following those directions tells me that you all did get that email. I just want to remind you that if you need to contact me, I will no longer be using that email address. You can click on the "Contact" page of this blog to find out how to reach me.
More About BabyPips
Yes the site is up now, but there is still so much more to come. We have alot of things going on behind the scenes so by signing up for our newsletter you will get the first alert on when new updates are made to the site. Trust me, we have big plans for BabyPips. Version 2.0 is already underway.
Chart Analysis
With the exception of today and possibly tomorrow, I will still be doing my normal chart analysis and posts. I will be extremely busy today and tomorrow as I will be distributing "The Alba System" to all those who signed up. However, after that, the charts should continue as normal.
***BONUS***
On BabyPips.com I'd like you to visit our chart analysis page especially before each new trading week. PipDaddy has written and will continue to write a comprehensive weekly analysis of either the Euro and/or the Cable. This weekly analysis is GREAT for looking at the possible movements of those pairs for the upcoming week. PipDaddy locked himself in his office for 4 hours just to write it (what a nerd). I think PipDaddy likes charts more than he likes women, so it would only benefit you to visit his chart analysis page to see what an obsessive chart guru like PipDaddy has to say about the markets :) I tease him because, well, it's my blog and I can do so if I want, hahahaha. I hope he reads this so I can laugh at him.
Anyways, if you think we joke around too much, then you're absolutely right. The BabyPips team, also known as the "FX-Men" (get it?) are always looking to have fun while learning this crazy market. Although we take our trading very seriously, we also like to joke around and hopefully you can put up with our humor :)
Final Word
Starting today, anyone that emails me for the PDF will not be able to get a copy. The PDF was meant to be an incentive for those who supported this blog and BabyPips up until this point. I just wanted to throw that out there so you don't wonder why I don't send you the PDF when you email me. I know I sound like a butthole but I have to be fair to the people that have been supporting me up until this point. Thanks everyone! You mean the world to me!
HAPPY TRADING and if you haven't already done so check out www.BabyPips.com
Yes, that's right. BabyPips.com is now officially open and ready to serve the forex community! If you visit BabyPips and know some people that might find the site useful, please spread the word and let them know that BabyPips is a good resource for them. We want to spread the BabyPips name out like a virus and infect people with free, unbiased trading education :)
I really want to thank everyone that has been supporting me on my blog and through email. All your comments mean alot to me and has kept me motivated to work on the site. That is why I am happy to give you all "The Alba System". It's not much, but it's just my way of saying thanks for all your support.
For those of you who emailed fr1edmango@yahoo.com up until yesterday requesting the system, you should've received an email from me yesterday with final instructions on how to get the PDF. The fact that alot of people are following those directions tells me that you all did get that email. I just want to remind you that if you need to contact me, I will no longer be using that email address. You can click on the "Contact" page of this blog to find out how to reach me.
More About BabyPips
Yes the site is up now, but there is still so much more to come. We have alot of things going on behind the scenes so by signing up for our newsletter you will get the first alert on when new updates are made to the site. Trust me, we have big plans for BabyPips. Version 2.0 is already underway.
Chart Analysis
With the exception of today and possibly tomorrow, I will still be doing my normal chart analysis and posts. I will be extremely busy today and tomorrow as I will be distributing "The Alba System" to all those who signed up. However, after that, the charts should continue as normal.
***BONUS***
On BabyPips.com I'd like you to visit our chart analysis page especially before each new trading week. PipDaddy has written and will continue to write a comprehensive weekly analysis of either the Euro and/or the Cable. This weekly analysis is GREAT for looking at the possible movements of those pairs for the upcoming week. PipDaddy locked himself in his office for 4 hours just to write it (what a nerd). I think PipDaddy likes charts more than he likes women, so it would only benefit you to visit his chart analysis page to see what an obsessive chart guru like PipDaddy has to say about the markets :) I tease him because, well, it's my blog and I can do so if I want, hahahaha. I hope he reads this so I can laugh at him.
Anyways, if you think we joke around too much, then you're absolutely right. The BabyPips team, also known as the "FX-Men" (get it?) are always looking to have fun while learning this crazy market. Although we take our trading very seriously, we also like to joke around and hopefully you can put up with our humor :)
Final Word
Starting today, anyone that emails me for the PDF will not be able to get a copy. The PDF was meant to be an incentive for those who supported this blog and BabyPips up until this point. I just wanted to throw that out there so you don't wonder why I don't send you the PDF when you email me. I know I sound like a butthole but I have to be fair to the people that have been supporting me up until this point. Thanks everyone! You mean the world to me!
HAPPY TRADING and if you haven't already done so check out www.BabyPips.com
Saturday, October 29, 2005
This week's results + BabyPips update
This week would've been AWESOME if it wasn't for that huge loss I had on Thursday. Oh well, you can't win them all, and the good news is that I still finished positive for the week.
This week's results:
Monday: +30
Tuesday: +80
Wednesday: No trades
Thursday: -108
Friday: +43
Total: +45 pips
BabyPips Update:
Ok......the much anticipated BabyPips site is launching this Tuesday! I know it seems like forever, but we are finally ready to launch. For those of you who have sent me your emails regarding the system, your patience will finally pay off :) Remember that only the people who email me up until Monday will be able to get the PDF.
Once the site is launched, if you were one of the people who emailed me, all you have to do is visit our site and register for our newsletter by using the same email address you used when you emailed me requesting the system. Once you sign up for the newsletter, you will receive your copy of the PDF.
I'm excited to share this system with everyone and I hope you all can benefit the way I have. Remember, the system might not be the one for you. The most important thing for you to do as a trader is to find or create a system that best fits your trading personality and style. Once you do this, believe me, you will have so much more fun trading than you ever thought possible. Happy trading everyone and have a great weekend!
This week's results:
Monday: +30
Tuesday: +80
Wednesday: No trades
Thursday: -108
Friday: +43
Total: +45 pips
BabyPips Update:
Ok......the much anticipated BabyPips site is launching this Tuesday! I know it seems like forever, but we are finally ready to launch. For those of you who have sent me your emails regarding the system, your patience will finally pay off :) Remember that only the people who email me up until Monday will be able to get the PDF.
Once the site is launched, if you were one of the people who emailed me, all you have to do is visit our site and register for our newsletter by using the same email address you used when you emailed me requesting the system. Once you sign up for the newsletter, you will receive your copy of the PDF.
I'm excited to share this system with everyone and I hope you all can benefit the way I have. Remember, the system might not be the one for you. The most important thing for you to do as a trader is to find or create a system that best fits your trading personality and style. Once you do this, believe me, you will have so much more fun trading than you ever thought possible. Happy trading everyone and have a great weekend!
Forex Trading- Friday's Trade won
Hello everyone. I just wanted to make an update from yesterday's trade since I wasn't able to post it yesterday. There was a classic Alba breakout at 8:40 am EDT so I entered 3 lots short at 2108 with a stop at 2144 and a first target at 2089. My target eventually hit at 11:10 am and I closed 2 lots and moved my stop to the high of that candle which was 2094. Twenty minutes later I was stopped out on my last lot at that price. I did miss the rest of that move which stinks but if you look at the chart, the price does move near my original calculated target for the day. I've been working on a new exit strategy which will fine tune my last lot's exit, but it's still in it's testing phase right now. It involves some new indicators and so far, it's been working out for me. I want to test it some more before making it public. Here are the results for Friday:
Results: +38 +14 -9(spread)= +43 pips
Results: +38 +14 -9(spread)= +43 pips
Friday, October 28, 2005
Forex Trading 10/28/05
8:00 am- Analysis
Good morning everyone! Let's hope for a much better day than yesterday :) The Euro only made a 39 pip range last night so I have a feeling we'll see some pretty good movement today. It's been a volatile week for the Euro so I'm hoping the volatility will continue into today. The GDP deflator comes out today at 8:30 EDT so avoid that time when you trade. I think we'll see a breakout before we see an Alba signal so I would keep my eye out for that. Remember to be patient and wait for a good break and/or signal. Happy trading :)
Key Levels:
EU Session High: 2169
EU Session Low: 2130
Calculated Target 1: 2221
Calculated Target 2: 2039
*For some reason I am getting errors when I try to upload the chart. I think there is something wrong with Blogger at the moment. I'll post the chart as soon as it starts working again.
Good morning everyone! Let's hope for a much better day than yesterday :) The Euro only made a 39 pip range last night so I have a feeling we'll see some pretty good movement today. It's been a volatile week for the Euro so I'm hoping the volatility will continue into today. The GDP deflator comes out today at 8:30 EDT so avoid that time when you trade. I think we'll see a breakout before we see an Alba signal so I would keep my eye out for that. Remember to be patient and wait for a good break and/or signal. Happy trading :)
Key Levels:
EU Session High: 2169
EU Session Low: 2130
Calculated Target 1: 2221
Calculated Target 2: 2039
*For some reason I am getting errors when I try to upload the chart. I think there is something wrong with Blogger at the moment. I'll post the chart as soon as it starts working again.
Thursday, October 27, 2005
Forex Trading 10/27/05
9:35 pm- 1 Big FAT loss!
As I am writing this I am cringing. Today was a painful day for the Alba system. After the durable goods report (which was much lower than expected) the Euro made an Alba system AND at the same time broke out above the EU session high. A high percentage of the time, this is a very good sign of a winning trade, but today was not one of those times. As it turns out, the Euro then proceeded to fall back down and stay around the EU session high. Needless to say I lost a lot of pips because since the breakout was so high, my stop was fairly big. My stop loss was set at 2130 and sure enough, I got stopped out on all 3 of my lots for a whopping loss of 108 pips. So much for that great week right? :) I'm not complaining because I know I have to lose sometimes but that is why I practice good money management, and I am VERY glad I do, especially after today. I also trust my system, so I know that this will not happen all the time. Take a deep breath....AHHHH! Tomorrow will be a new day :)
Results: -108 pips
8:00 am- Analysis
Good morning everyone! Sorry for not posting last night, but if you watched the market yesterday you would've seen that there were no trades yesterday. Even when Greenspan spoke nothing happened. Today might be another story because Greenspan is speaking again at 11:00 am EDT. Whenever that man speaks, there is always a good chance the market will move one way or the other. The Euro made a 67 pip range last night so it does have the potential to move about 50 pips today. Remember to wait for a good signal and/or breakout. Have a great day everyone!
Key Levels:
EU session high: 2149
EU session low: 2082
Calculated Target 1: 2201
Calculated Target 2: 2097
As I am writing this I am cringing. Today was a painful day for the Alba system. After the durable goods report (which was much lower than expected) the Euro made an Alba system AND at the same time broke out above the EU session high. A high percentage of the time, this is a very good sign of a winning trade, but today was not one of those times. As it turns out, the Euro then proceeded to fall back down and stay around the EU session high. Needless to say I lost a lot of pips because since the breakout was so high, my stop was fairly big. My stop loss was set at 2130 and sure enough, I got stopped out on all 3 of my lots for a whopping loss of 108 pips. So much for that great week right? :) I'm not complaining because I know I have to lose sometimes but that is why I practice good money management, and I am VERY glad I do, especially after today. I also trust my system, so I know that this will not happen all the time. Take a deep breath....AHHHH! Tomorrow will be a new day :)
Results: -108 pips
8:00 am- Analysis
Good morning everyone! Sorry for not posting last night, but if you watched the market yesterday you would've seen that there were no trades yesterday. Even when Greenspan spoke nothing happened. Today might be another story because Greenspan is speaking again at 11:00 am EDT. Whenever that man speaks, there is always a good chance the market will move one way or the other. The Euro made a 67 pip range last night so it does have the potential to move about 50 pips today. Remember to wait for a good signal and/or breakout. Have a great day everyone!
Key Levels:
EU session high: 2149
EU session low: 2082
Calculated Target 1: 2201
Calculated Target 2: 2097
Wednesday, October 26, 2005
Forex Trading 10/26/05
8:00 am- Analysis
Good morning everyone. The Euro made another decent range last night with 74 pips of movement. The 5 day average daily volatility is getting bigger so we're starting to see more movement from the Euro. I think today will be like yesterday regarding what to expect. The Euro will either correct itself from last night and move back up or continue the trend and make a breakout below the EU low. However, the Euro might not even move at all especially since Greenspan is speaking today at 1:45 pm EDT. Traders might wait until he speaks before trading which could cause the market to be flat during the US session. As always, be patient and wait for a good breakout and/or signal. Happy trading!
Key Levels:
EU Session High: 2135
EU Session Low: 2061
Calculated Target 1: 2114
Calculated Target 2: 2008
Good morning everyone. The Euro made another decent range last night with 74 pips of movement. The 5 day average daily volatility is getting bigger so we're starting to see more movement from the Euro. I think today will be like yesterday regarding what to expect. The Euro will either correct itself from last night and move back up or continue the trend and make a breakout below the EU low. However, the Euro might not even move at all especially since Greenspan is speaking today at 1:45 pm EDT. Traders might wait until he speaks before trading which could cause the market to be flat during the US session. As always, be patient and wait for a good breakout and/or signal. Happy trading!
Key Levels:
EU Session High: 2135
EU Session Low: 2061
Calculated Target 1: 2114
Calculated Target 2: 2008
Subscribe to:
Comments (Atom)
