Wednesday, November 23, 2005

Forex Trading - 11/23/05

2:20 pm- 1 Trade Lost

After a series of winning trades, Alba has finally succumbed to a loss. What a crappy way to start the holidays :) There was an Alba signal at 9:10 am so I entered 3 lots long at 1813 with a s/l at 1794 and a target at 1824. I probably shouldn't have entered because of the consumer sentiment set to come out at 9:45 but I figured it would still have time to hit my target. Well I was completely wrong! At 9:40 my stop was hit and I lost on the trade. Crap! Oh well, you can't win them all :)

On another subject, me and Pipcrawler will be on vacation tomorrow and Friday for Thanksgiving. So there will be no posts during that time. I also urge you all to stay out of the markets during this time. Holidays can be tricky so I would strongly recommend that you take a couple days off and enjoy yourselves. You deserve it! Happy Thanksgiving everyone! ~ Big Pippin

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

8:00 am - Analysis

Good morning everyone! Seems like the same trading pattern for the last few days with the eurusd...dollar bulls run the EU session, dollar bears take over during the US session. Let's see what happens today as Inital Claims comes out at 8:30 am EST and U. of Michigan Confidence at 9:45 am, so be alert during those times. Tomorrow is a US holiday so there won't be any morning posts for the rest of the week, but for all my international friends who will still be trading, remember to stay focused, use discretion when neccessary, and remember the Alba system because she's been so good to us right?? Good luck and good trading! ~ PipCrawler

EU Session High: 1.1843
EU Session Low: 1.1763

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