Wednesday, November 16, 2005

Forex Trading -11/16/05

4:20 pm- 1 Small trade won

Well, it was a slow day for Alba but we managed to bag a few pips. There was a good Alba breakout at 9:30 am and I entered 3 lots short at 1658 with a s/l at 1673 and a target at 1649. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to breakeven. Unfortunately the downtrend did not continue and I was stopped out on my last lot the very next candle at breakeven. So all in all it wasn't a huge day for Alba but I can't complain about a winning trade :) ~Big Pippin

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

8:00 am- Analysis

Hello everyone! It's another exciting day in the forex, and after checking out the movement of the dollar in the EU session it looks like traders are still buying up the greenback. Today we have the CPI coming out at 8:30 am EST and the TIC data at 9:00 am EST. These have been known to move the markets, and with the huge trade defict number from last week look for the TIC data to be pretty strong. So watchout for possible whipsaws or fakeouts! By the way, if you haven't checked out Pip Daddy's Chart Analysis page on, then you're missing out on some good stuff that you'll never see anywhere else on the net! Remember the rules! Good luck and good trading! ~ PipCrawler

EU Session High: 1.1729
EU Session Low: 1.1674

No comments:

Subscribe to this blog