Thursday, March 30, 2006

Forex Trade - 03/30/06

2:45 pm EST- 1 Trade won

Woohoo! After following the footsteps of one of our traders (thanks Brad) I decided I was going to hold onto this trade for longer than I usually do. There was an Alba breakout at 9:30 am and I entered 3 lots long at 2138 with a stop at 2087 and a target at 2169. Once again, 12 noon rolled by and our target still was not hit. However, instead of closing my trade early, I waited it out and just now closed my trade at 2:30 at 2160. 1 more day to go for March, and hopefully we'll end up on a strong note. Cheers! ~Big Pippin

Results: +66 -9(spread)= +57 pips

9:00 am EST - Analysis

Good Morning! The fourth quarter GDP came in pretty much as expected at 1.7 vs. consensus at 1.6. Also, the weekly Jobless Claims 10K lower at 302K. Both reports pushed up the dollar slighty. So, for all of you Alba traders keep a watch on the EUR/USD. Right now it's trading in the middle of the EU range, and it can continue range trading through out the rest of the session. Let's hope not and get a good signal or breakout. Remember the Alba rules and trust in them. Good luck and good trading! ~Pipcrawler

EU Session High: 1.2098
EU Session Low: 1.2044

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