Monday, December 05, 2005

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

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