Forex Trade - 12/28/05

8:00 am - Analysis

Good Morning! Today we have US Consumer confidence coming out at 10:00 am EST. The consensus is 102.0 vs the previous of 98.9 which indicates US consumers are more confident about the state of the economy, which in turn may lead to more spending, and more spending means a stronger economy and currency. It's a nice litte cycle. So we'll see what happens at 10:00 am EST. Now, in this thinly traded enviroment we could see more volatile moves, so let's exercise caution around today's news report. Good luck and good trading! ~ PipCrawler

EU Session High: 1.1930
EU Session Low: 1.1872

Forex Trade - 12/27/05

8:00 am - Analysis

Good Morning! I hope everyone had a wonderful break! It's back to forex trading and let's see what we have today. Well, there are no reports coming out in the US today...I guess the rest of the US is still on vacation! hehe...no worries, that means those of us Alba traders hopefully don't have to worry about spikes or whipsaws. So, let's remember the rules of the Alba, to be patient and focused! Good luck and good trading! ~ PipCrawler



EU Session High: 1.1878
EU Session Low: 1.1836

Results for 12/19/05 - 12/22/05

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!

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

Forex Trade - 12/21/05

6:45 pm- 1 Trade Won

Another good day for Alba. Although there were no major news reports out today, we saw a nice move down in the Euro. It wasn't as sexy as yesterday's move but it was still attractive. There wasn't an Alba breakout until 9:30 am EST and we entered 3 lots short at 1818 with a s/l at 1852 and a target at 1801. Our target was hit at 10:20 and we closed 2 lots and moved our last lot's stop to the high of that candle which was 1813. Unfortunately we were stopped out on the next candle. Overall it was a very good day for Alba. Tomorrow will be our last trading day because I do not like trading right before Christmas Eve. Hope you all did well today. ~Big Pippin

Results: +34 +5 -9(spread)= +30 pips













8:00 am - Analysis

Good morning! Hope everyone was prepared for that big move in EURUSD yesterday and got a chance to catch some pips...Those of us in the Alba Learn'N Trade managed to snag 63 pips out of the market. Not bad!! Well, there isn't much as far as US economic news today, so we may see a quiet sideways market. At 8:30 am EST we have Gross Domestic Product q/q coming out with consensus matching previous at 4.3%. GDP is an important indicator of the health of the economy, but this is the quarterly reading so not as much weight is being put to it. Stay cautious during this time period, just in case! Well, keep an eye on the market and stay focused! Good luck and good trading! ~ PipCrawler



EU Session High: 1.1912
EU Session Low: 1.1857

Forex Trade - 12/20/05

4:53 pm- 1 Trade Won

I'm back!! Yesterday was a crappy day and if you watched the markets you know that there were know trades. Today however was a different story. During our Learn N Trade session we were able to catch most of that move today in the EUR/USD. At 8:30, the US PPI report came out and the Euro broke out past the EU session low. However, I don't like to trade news candles so we waited 20-30 minutes after the news and entered at the close of the 8:50 candle which was 1931. We shorted 3 lots with a stop loss at 1950 and a target at 1917. Our target was hit at the 9:20 candle and we closed 2 lots and moved our last lot's stop to breakeven. The Euro continued to drop and each time a new low was made we trailed our stop to the high of those candles. We were eventually stopped out at the 11:10 candle. When it made a new low, we moved our stop to the high of that candle. The candle then shot up and stopped us out but then closed back down. We were stopped out at 1887. It's to bad too because the Euro made one last push right after. However, we were still able to get most of today's move and overall, it was a pretty good day. ~Big Pippin

Results: +28 +44 -9(spread)= +63 pips













8:00 am EST - Analysis

Good morning! Well, today in the US we have Producer Price Index(PPI) AT 8:30 AM EST. The PPI measures the inflation felt by manufacuters, and a rise in inflation could lead to a rise in interest rates. The consensus is 0.2% vs. the previous number -0.3%. We recommend to wait until about 9:00 am EST to trade the Alba just in case of whipsaws or large unexpected moves. Stay focused, good luck and good trading!! ~ PipCrawler

EU Session High: 1.1996
EU Session Low: 1.1955

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

Forex Trading - 12/15/05

8:00 am - Analysis

Good morning!! Does anybody else have Xtick and still have problems? Arrrggghhh...anyways, what can you do? It's a good thing there's so many free charting software that we're not totally out of the game. I'm sure we'll get the whole Xtick issue resolved soon. Well, the potential market mover of the day is CPI which comes out at 8:30 am EST. The Consumer Price Index(CPI) is a measure of inflation experienced by consumers, and it is one of the monthly market movers. Consenses is inline with previous at 0.2%. If there is a surprise, be ready for a move. We recommend waiting until 30 min to an hour after news reports to trade to avoid whipsaws. The high of the EU session is about 1.2038 and the low at 1.1976. Look for breakouts at these approximate levels. Remember to always stay focused! Good luck and good trading! ~ PipCrawler

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

Forex Trading - 12/12/05

Results from last week:

Monday: +30
Tuesday: No Trades
Wednesday: No Trades
Thursday: +50
Friday: No Trades

Total: +80 pips


8:00 am- Analysis

Good morning! Hope everyone had a great weekend! I'm sure you did but it's time to get back and get focused on another wonderful week in Forex!! We have an abundance of dollar moving US economic reports this week, but ofcourse, the biggest story this week is, "are they going to announce more hikes at the Fed meeting?" We'll have to wait and see. Well, the eurusd made a strong move during the EU session, approximately 100 pips...so i would look for a possible pull back to the 1.1889 - 1.1864 range before it decides to make any moves higher. We have the Treasury Budget coming in at 2:00 pm EST. Consenses is -77.3B vs. previous -57.9B. Again we always say be cautious around news time because you never know how the market react. Always plan your trades and trade your plan. Good luck and good trading! ~ PipCrawler

Sorry, no chart this morning...our charting system is temporarily having issues. Hopefully, it will be back up by the evening analysis.

Forex Trading - 12/09/05

7:30 pm- No Trades

Due to the news reports that came out at 9:45 and 10:00, there were no Alba trades. Everyone knows I hate trading around news events so yes there was some discretion involved in today's breakout. During the Learn N Trade sessions you will learn how I trade especially around news reports. ~ Big Pippin

Results: +0 pips

8:00 am - Analysis

Good Morning!! Man, when are we gonna get a major breakout!? EURUSD has been trading in a range roughly between 1.1800 and 1.1700 for the last few sessions. Not that I don't mind because with the Alba we're able to catch moves in this choppy market like yesterday, but I wanna see this thing moving and shaking like Pip Diddy's mom at the club after a bottle of Hypnotic and some Hennessey!! Well, I guess we're gonna have to wait and see what the Fed is going to say in their meeting next week. For today, we have U. of Michigan Consumer sentiment at 9:45 am EST and Wholesale inventories at 10:00 am EST. I don't suspect these reports will generate too much movement, but like I always say, the market will do whatever it wants to, so always be prepared. Good Luck and good trading! ~ PipCrawler


EU Session High: 1.1816
EU Session Low: 1.1765

Forex Trading - 12/08/05

6:48 pm- 1 Trade Won

Finally we saw some action today. At 10:10 there was a good Alba breakout and I entered 3 lots long at 1805 with a stop loss at 1776 and a target at 1819. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to break even. A new high was made at 11:10 so I moved my s/l to the low of that candle. The next candle made another new high so I once again moved my stop to the low of that candle which was 1836. This is where I eventually got stopped out on my last lot. So after a couple days of no action, the market finally moved and Alba snagged us some pips. Hope you all did well today. ~Big Pippin

Results: +28 +31 -9(spread)= +50 pips













8:00 am - Analysis

Good Morning! Today we have the US weekly jobless data at 8:30 am EST. The consenses is 315K vs. the previous 320K. Also, today we have various speakers from the ECB, but I think traders are going to continue to wait until the FOMC meeting next week before we see the EURUSD trending again. Remember to always plan your trades, and stick to your plan. Remember to stick the rules of the Alba, even in the slow times. Good luck and good trading! ~ PipCrawler



EU Session High: 1.1786
EU Session Low: 1.1715

Forex Trading - 12/07/05

8:37 pm- No Trades

Sigh...it was another boring day in the market today. Like Pipcrawler said this morning, there wasn't much news so we've been anticipating this lack of movement. You can see that the Euro did make a nice move during the EU session but unfortunately that left us with no movement during the US session. I am thinking the rest of the week will be like this since everyone is probably waiting for the Fed meeting next Tuesday. Hope you all didn't get caught in this dead market. ~Big Pippin












9:00 am - Analysis

Good morning everyone! Sorry for the late post...due to the wintery weather here in the east I had temporary power outage here, but I'm back up ready to look for trades! Well, today there are no major news from either the EU or the US except at 3:00 pm EST for US Consumer Credit (OCT). EURUSD did make a move lower during the EU session due to the sell off in EURJPY. Without any major news this week expect range bound and choppy trading, but that's ok because with the Alba system we can make profits with small moves in any market. So lets stay focused and keep any eye out for any potential trades. Good luck and good trading.



EU Session High: 1.1767
EU Session Low: 1.1705

Forex Trading - 12/06/05

10:31 pm- No trades

Hello everyone. Today was a very boring day for the Euro. As you can see from the chart, the Euro pretty much bounced between the high and low and didn't really give us much action. There were no Alba breakouts or signals so I was able to catch up on some reading :) Hopefully we'll get some trades the rest of this week but I'm not expecting too much movement until next week when the Fed meets. However, I will be prepared for anything. That's the beauty of the Alba system. No matter what the longer term trend is, Alba can catch small intra-day waves so we can still grab some pips. Hopefully we can grab some during this slow week. ~Big Pippin

Results: +0 pips













8:00 am - Analysis

Good morning!! Looks like the EURUSD made a small 29 pip range during the EU session last night, so hopefully there's a good chance we may see a breakout trade today. In the US, we have Non-farm Productivity and Unit Labor Costs at 8:30 am EST. At 10:00 am EST the Pending Home Sales and Factory Orders reports are coming out. The Factory Orders is probably the strongest market mover out of the bunch, so keep an eye out for a move around 10:00 am EST. On a side note, if you watch the USDCAD or AUDUSD, their central banks are making rate decisions today. Canada will announce at approximately 9:00 am EST, and the consenses is that they will raise rates to 3.25% from 3.00%. The Aussies will announce their desicion about about 5:30 pm EST, and consenses will be no change. It would be a great lesson to watch and see how those decisions affect their currency, especially if there is a surprise. Well, that's it for now folks...remember the rules, good luck and good trading!! ~ PipCrawler


EU Session High: 1.1790
EU Session Low: 1.1761

Alba results for 11/21/05 - 11/23/05 and 11/28/05 - 12/02/05

Here are the results from the last couple of weeks:

11/21/05 - 11/23/05
Monday: +87
Tuesday: No Trades
Wednesday: -66

Total: +21 pips

11/28/05 - 12/02/05
Monday: +72
Tuesday: No Trades
Wednesday: No Trades
Thursday: No Trades
Friday: -123

Total: -51 pips

Forex Trading - 12/05/05

4:45 pm- 1 Trade Won

Hello everyone! After an ugly day on Friday, Alba gained us a few pips today and the trade was pretty straightforward. There was an Alba breakout at 11:40 am and I entered 3 lots long at 1784 with a stop at 1770 and a target at 1792. My target was hit at 12:10 and I closed 2 lots and moved my last lot's s/l to the low of that candle. I continued to trail my stop to the low of each candle that made a new high and was eventually stopped out at 1807. Not a huge gain today but I can't complain about a win :) Hope you all did well today. ~Big Pippin

Results: +16 +23 -9(spread)= +30 pips













8:00 am - Analysis

Good Morning!! It looks like EURUSD made a move to the upside during the EU session due to the November Retail numbers in the EU. Today we have ISM non-manufacturing at 10:00 am EST. The consensus numbers are lower than previous, so if they are inline or lower we may see a further push upward of the EURUSD. Good luck and good trading my friends. ~ PipCrawler


EU Session High: 1.1769
EU Session Low: 1.1688

Forex Trading - 12/02/05

Late Post

Hey everyone. Sorry for the delayed post. If you traded on Friday, then you know it was not a pretty day for Alba. Although she looked sexy, she teased us and left us with nothing but a big hole in our pockets...sheesh! There was an Alba breakout at 9:50 am and everything looked good so I entered 3 lots short at 1663 with a s/l at 1701 and a target at 1642. Unfortunately, the trade was stopped out at 10:30 and that was all she wrote. ~Big Pippin

Results: -114 -9(spread)= -123 pips












8:00 am - Analysis

Good Morning! Alright, kids it's that time of the month again...US non-farm payrolls report! Yeah, sure there's other reports coming out today, but there's no bigger market mover than non-farm payrolls. Recently, it hasn't had the same impact on the market as it usually does possibly due to the hurricanes we've had to weather here in the US, but economists are predicting this months report is going to be much higher and I think it'll have a big impact on the market today. Ofcourse we always recommend to take a break from trading on big news days, and it doesn't get any bigger for the dollar than US Non-Farm payrolls at 8:30 am EST. Personally, i'm going start my weekend early and go hit the slopes! If you do decide to trade today, please, please, please be very cautious, and wait an hour or so after the report to see if a trend materializes. Have a great day! ~ PipCrawler












EU Session High: 1.1721
EU Session Low: 1.1694