Well, it's been a tough week as well as the ending to a tough trading month. By far, this has been the most difficult month I've had with the Alba system. The plus side is that even though it was a rough month, we were still able to remain positive for the month. I'm hoping for a much better month in March.
Results for the week:
Monday: No trades
Tuesday: No trades
Wednesday: No trades
Thursday: No trades
Friday: -51 pips
Overall Alba Track Record
Friday, February 24, 2006
Wednesday, February 22, 2006
Forex Trade- 2/22/06
4:10 pm EST- No trades
3rd day in a row we haven't seen action. Core CPI rose but it didn't have much of an impact on the market. There hasn't been much to say about these 3 days because nothing has really happened. Let's just be glad that we haven't been caught in these sideways movements. Hopefully the next two days will give us some pips.
Results: +0 pips
3rd day in a row we haven't seen action. Core CPI rose but it didn't have much of an impact on the market. There hasn't been much to say about these 3 days because nothing has really happened. Let's just be glad that we haven't been caught in these sideways movements. Hopefully the next two days will give us some pips.
Results: +0 pips
Monday, February 20, 2006
Forex Trade- 2/20/06
4:16 pm EST- No Trades
Hello everyone. Hope you all had a great weekend. For those of you who know my trading style, you'll know that I don't like to trade on holidays because:
1) The market is usually very quiet which makes for dangerous trading conditions
2) I like having a break from staring at the charts. It gives me time to catch up on playing pool :)
If you did look at the markets today, you'll notice that there almost was a signal at 10:50 but if you're intuitive, you would've noticed that the profit potential was only like 1 pip. NOT worth it, especially during the holiday. Needless to say, I hope you did not enter the market today. Hopefully we will better movement throughout the rest of the week. ~Big Pippin
Results: +0 pips
Hello everyone. Hope you all had a great weekend. For those of you who know my trading style, you'll know that I don't like to trade on holidays because:
1) The market is usually very quiet which makes for dangerous trading conditions
2) I like having a break from staring at the charts. It gives me time to catch up on playing pool :)
If you did look at the markets today, you'll notice that there almost was a signal at 10:50 but if you're intuitive, you would've noticed that the profit potential was only like 1 pip. NOT worth it, especially during the holiday. Needless to say, I hope you did not enter the market today. Hopefully we will better movement throughout the rest of the week. ~Big Pippin
Results: +0 pips
Friday, February 17, 2006
Forex Trade- 2/17/06
4:02 pm EST- 1 Trade Won
We were able to close the week with a positive note. Although the PPI was higher than expected the consumer sentiment was weaker and caused a slip in the dollar. This meant that the Euro gained some grounds against the USD today. At 10:00 am there was an Alba breakout and we entered 3 lots long at 1902 with a stop at 1888 and a target at 1912. Our target was hit on the next candle and we closed 2 lots and moved our last lot's stop to breakeven. We moved our stop on the next candle to 1922 but we were stopped out when the price made a slight retracement to 1920 before moving back up. Although we didn't grab the extra pips, we were still able to end the week on a good note. Have a great weekend everyone!
Results: +20 +20 -9(spread)= +31 pips
We were able to close the week with a positive note. Although the PPI was higher than expected the consumer sentiment was weaker and caused a slip in the dollar. This meant that the Euro gained some grounds against the USD today. At 10:00 am there was an Alba breakout and we entered 3 lots long at 1902 with a stop at 1888 and a target at 1912. Our target was hit on the next candle and we closed 2 lots and moved our last lot's stop to breakeven. We moved our stop on the next candle to 1922 but we were stopped out when the price made a slight retracement to 1920 before moving back up. Although we didn't grab the extra pips, we were still able to end the week on a good note. Have a great weekend everyone!
Results: +20 +20 -9(spread)= +31 pips
Friday, February 10, 2006
Alba Results- 2/6/06 - 2/10/06
Not the best week for Alba but still managed to end up positive for the week* (technically. See Friday's trade). I've been saying this all week but this is a tough time for the EUR/USD and if we can get through this next month or so, it will definitely pay off in the long run when the pair starts to trend again. Hope you all had a good week. Have a great weekend!
Monday: No trades
Tuesday: +8
Wednesday: No trades
Thursday: -69
Friday: +99
Total: +38 pips
Monday: No trades
Tuesday: +8
Wednesday: No trades
Thursday: -69
Friday: +99
Total: +38 pips
Tuesday, February 07, 2006
Forex Trade- 2/7/06
4:11 pm EST- 1 Small Trade won
Although it wasn't a huge gain, we did manage to pull out a few pips from Alba today. At 10:50 there was an Alba breakout and I went 3 lots short at 1951 with a stop at 1965 and a target at 1944. My target was hit on the next candle and I closed 2 lots out and moved my stop to breakeven where I was stopped out on at the same candle. It was a short and sweet trade and once again, Alba gave us positive pips. ~Big Pippin
Results: +14 +3 -9(spread)= +8 pips
Although it wasn't a huge gain, we did manage to pull out a few pips from Alba today. At 10:50 there was an Alba breakout and I went 3 lots short at 1951 with a stop at 1965 and a target at 1944. My target was hit on the next candle and I closed 2 lots out and moved my stop to breakeven where I was stopped out on at the same candle. It was a short and sweet trade and once again, Alba gave us positive pips. ~Big Pippin
Results: +14 +3 -9(spread)= +8 pips
Monday, February 06, 2006
Forex Trade- 2/6/06
4:21 pm EST- No Trades
Like the typical Monday, there were no trades for the Euro today. As you can see from the chart, the price pretty much hovered around its low for the day and didn't give us any signals or breakouts. The dead time allowed me to catch up on some reading and also allowed me to catch up on my favorite soaps (just kidding). Hopefully tomorrow will be a little more exciting. ~Big Pippin
Results: +0
Like the typical Monday, there were no trades for the Euro today. As you can see from the chart, the price pretty much hovered around its low for the day and didn't give us any signals or breakouts. The dead time allowed me to catch up on some reading and also allowed me to catch up on my favorite soaps (just kidding). Hopefully tomorrow will be a little more exciting. ~Big Pippin
Results: +0
Friday, February 03, 2006
Alba Results 1/30/06 - 2/3/06
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