Wednesday, January 04, 2006

Forex Trade - 01/04/06

6:55 pm- No Trades

With no big news reports coming out today, it was a pretty boring day in the market. You can see from the charts that the Euro went sideways the whole day and produced large spikes. Luckily no Alba breakouts or signals were triggered and we were able to avoid this catastrophe. Hopefully tomorrow will be better. Lesson for the day= Patience pays off! ~Big Pippin

Results: +0 pips

8:00 am - Analysis

Good Morning! Well, the EURUSD made a big range in the EU session last night(probably due to EU CPI report which came inline at 2.2%). With no major economic news it looks like it might not see any major moves. That makes a good environment to take an Alba signal if it happens. At 10:00 am EST we have Factory Orders and Inventories (NOV). We usually go with what says as far as importance of news reports, and today there isn't much. So, as with everyday...stay focused, good luck and good trading. ~ PipCrawler

EU Session High: 1.2110
EU Session Low: 1.2033

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