Wednesday, January 11, 2006

Forex Trade - 01/11/06

7:00 pm EST- 1 Trade Won

Even with the lack of economic reports, we were still able to manage a winning trade today. There was an Alba breakout at 9:30 and I entered 3 lots long at 2105 with a stop at 2092 and a target at 2117. My target was hit at 9:50 and I closed 2 lots and moved my last lot's stop to breakeven. Unfortunately I was stopped out on my last lot. I'm very happy that I was able to grab these 2 wins since nothing major has been going on. We'll see if the streak will continue. Hope you all did well! ~Big Pippin

Results: +24 +3 -9(spread)= +18 pips

8:00 am EST - Analysis

Good morning! Well, it looks to be like another lackluster day in the markets as there a no US economic reports coming out today. The only event of any significance for the US is the New York Fed Pres. Geithner speaking at 12:30 pm EST. So, today I would like to point out a great resource on the internet to traders. is a great website on trading psychology, and when you sign up you get an email everyday that'll help you get you mind into trading mode. Check it out! Now, for you Alba traders today....please be patient, and expect a slow, slow day...that's just how the market goes sometimes. Good luck and good trading! ~PipCrawler

EU Session High: 1.2097
EU Session Low: 1.2044

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