Tuesday, March 07, 2006

Forex Trade - 03/07/06

3:30 pm EST- 1 Trade Lost

Unfortunately, today was not a good day for the Alba system. At 10:40 we had an Alba breakout and I entered 3 lots short at 1881 with a stop at 1893 and a target at 1868. I was stopped out on all 3 lots at 11:20. Hopefully we can regain some ground in the rest of the week. Cheers! ~Big Pippin

Results: -36 -9(spread)= -45 pips

8:00 am EST - Analysis

Good morning! Today at 8:30 am EST we have US Nonfarm productivity. This report measures the quarterly growth in labor efficiency for producing goods and services outside the farming sector. The forecasted number is at -0.1%, so let's look out for that and any surprise numbers durning that time. We also have US Consumer Credit at 3:00 pm EST, which is outside of our trading timeframe, but it's good to know just in case you hold any positions into the afternoon. That's all for today! Good luck and good trading! ~Pipcrawler

EU Session High: 1.1972
EU Session Low: 1.1898

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