Friday, January 20, 2006

Forex Trade - 01/20/06

Late Post- No Trades

Sorry for the delay of this post. I guess you can say I took an early start to my weekend :) Unfortunately there was no trade again and that completed a no trade week. I don't think I can recall a time when this last happened to me so it was definitely a surprise. We learned a lot of patience and at the same time were able to stay out of that chaotic sideways market. The next week has a few reports coming out so we'll see if the market will start to move. ~Big Pippin

Results: +0

8:00 am EST - Analysis

Good morning! Well, it's Friday and it's been a pretty frustrating week, but hopefully today we'll see some some action. Today at 9:45 am EST we have the U. of Michigan consumer sentiment report. It is a 500 person survey that reports the consumers' views of current and future spending conditions. The consensus is 92.5 vs 91.5 previous. So, let's see what happens until then. The EURUSD made a 51 pip range last and still looks to be in consolidation mode. It seems like traders just don't know what to do. That's okay...just follow the rules of our precious Alba and you'll be okay. Good Luck and Good Trading! ~PipCrawler

EU Session High: 1.2091
EU Session Low: 1.2040

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