This week was a good week minus the loss we took on Monday. Fortunately we were able to pull in enough pips to stay positive for the month.
Monday: -66
Tuesday: No Trades
Wednesday: +10
Thursday: +86
Friday: +30
Total: +60 pips
Total for March: +39 pips
Friday, April 28, 2006
Forex Trade - 04/28/06
3:15 pm EST- 1 Trade won
Today was a good way to end the trading week as we closed out with another win. At 10:50 am we had an Alba signal and I entered long at 2595 with a stop at 2573 and a target at 2606. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to breakeven. On the next candle I moved my stop to the current low when it made a move up and was later stopped out when the price reversed. I was stopped out at 2612. This is the last trading day for this month and it looked like we were going to have our first negative month, but this week pulled us out of the trenches and put us into the positive zone-----barely! I'll take it over a loss though. Have a great weekend everyone! ~Big Pippin
Results: +22 +17 -9(spread)= +30 pips
8:00 am EST - Analysis
Good Morning! We have a have a few key economic reports being released today starting with US quarterly GDP and GDP deflator at 8:30 am EST. GDP is the broadest measure of an economy's health and the deflator is the broadest measure of inflation. We can a lot of movement from these reports, so please be very cautious around this time period.
We also have Consumer Sentiment at 9:45 am EST and Chicago PMI at 10:00 am EST. Not considered market movers, but keep an eye out and be cautious.
Well, Alba traders...it's the last day of the month and I have a good feeling we'll end April strong! Good luck and good trading! ~Pipcrawler
EU Session High: 1.2567
EU Session Low: 1.2523
Today was a good way to end the trading week as we closed out with another win. At 10:50 am we had an Alba signal and I entered long at 2595 with a stop at 2573 and a target at 2606. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to breakeven. On the next candle I moved my stop to the current low when it made a move up and was later stopped out when the price reversed. I was stopped out at 2612. This is the last trading day for this month and it looked like we were going to have our first negative month, but this week pulled us out of the trenches and put us into the positive zone-----barely! I'll take it over a loss though. Have a great weekend everyone! ~Big Pippin
Results: +22 +17 -9(spread)= +30 pips
8:00 am EST - Analysis
Good Morning! We have a have a few key economic reports being released today starting with US quarterly GDP and GDP deflator at 8:30 am EST. GDP is the broadest measure of an economy's health and the deflator is the broadest measure of inflation. We can a lot of movement from these reports, so please be very cautious around this time period.
We also have Consumer Sentiment at 9:45 am EST and Chicago PMI at 10:00 am EST. Not considered market movers, but keep an eye out and be cautious.
Well, Alba traders...it's the last day of the month and I have a good feeling we'll end April strong! Good luck and good trading! ~Pipcrawler
EU Session High: 1.2567
EU Session Low: 1.2523
Thursday, April 27, 2006
Forex Trade - 04/27/06
3:00 pm EST- 2 Trades won
Finally, we were able to regain some ground after our string of losses we've had the past few weeks. Today we had 2 winning Alba trades. The first came with an Alba signal at 9:00 am EST and I entered 3 lots long at 2430 with a stop at 2427 and a target at 2438. My target was hit at 9:20 and I closed 2 lots and moved my last lot's stop to breakeven. I was promptly stopped out on my last lot at breakeven. After Triple B spoke at 10:00 am there was a nice Alba signal/breakout at 10:10 and I entered 3 lots long at 2492 with a stop at 2429 and a target at 2524. My target was hit at 10:30 am and I closed 2 lots and moved my last lot's stop to breakeven. I trailed my last lot's stop to the low of the candle marked on the chart which is where I was eventually stopped out at 2513. Overall it was a great day and I'm glad we were able to get back some of our losses. Hope you all did well! ~Big Pippin
Results:
1st trade: +16 +3 -9(spread)= +10 pips
2nd trade: +64 +21 -9(spread)= +76 pips
Total: +86 pips
8:00 am EST - Analysis
Good Morning! We have weekly jobless claims coming out at 8:30 am EST with consensus number at about 305K vs. the previous number of 303K. Not really considered a market mover, but keep an eye on it for any surprises. We also have Big Ben Bernanke speaking today at 10:00 am EST on the US economy. Traders will be on the lookout for any dovish or hawkish comments. It may be the catalyst for a strong, short-term move in the dollar, so definitely stay alert during this event. Okay Alba traders, stay on your toes, good luck and good trading! ~Pipcrawler
EU Session High: 1.2457
EU Session Low: 1.2405
Finally, we were able to regain some ground after our string of losses we've had the past few weeks. Today we had 2 winning Alba trades. The first came with an Alba signal at 9:00 am EST and I entered 3 lots long at 2430 with a stop at 2427 and a target at 2438. My target was hit at 9:20 and I closed 2 lots and moved my last lot's stop to breakeven. I was promptly stopped out on my last lot at breakeven. After Triple B spoke at 10:00 am there was a nice Alba signal/breakout at 10:10 and I entered 3 lots long at 2492 with a stop at 2429 and a target at 2524. My target was hit at 10:30 am and I closed 2 lots and moved my last lot's stop to breakeven. I trailed my last lot's stop to the low of the candle marked on the chart which is where I was eventually stopped out at 2513. Overall it was a great day and I'm glad we were able to get back some of our losses. Hope you all did well! ~Big Pippin
Results:
1st trade: +16 +3 -9(spread)= +10 pips
2nd trade: +64 +21 -9(spread)= +76 pips
Total: +86 pips
8:00 am EST - Analysis
Good Morning! We have weekly jobless claims coming out at 8:30 am EST with consensus number at about 305K vs. the previous number of 303K. Not really considered a market mover, but keep an eye on it for any surprises. We also have Big Ben Bernanke speaking today at 10:00 am EST on the US economy. Traders will be on the lookout for any dovish or hawkish comments. It may be the catalyst for a strong, short-term move in the dollar, so definitely stay alert during this event. Okay Alba traders, stay on your toes, good luck and good trading! ~Pipcrawler
EU Session High: 1.2457
EU Session Low: 1.2405
Wednesday, April 26, 2006
Forex Trade - 04/26/06
3:36 pm EST- 1 small trade won
Ok so we made a tiny dent at getting back some of our pips from the losses we've taken this month. At 9:10 there was an Alba breakout and I entered 3 lots long at 2437 with a stop at 2421 and a target at 2445. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to breakeven where I was stopped out a couple minutes later. So it was a very small trade, but I'll take any kind of win at this moment :) Cheers! ~Big Pippin
Results: +16 +3 -9(spread)= +10 pips
8:00 am EST - Analysis
Good morning! We have a few US reports coming out during our session today starting with Durable Goods orders at 8:30 am EST. This is the count of purchase orders from domestic manufacturers for hard goods. The consensus number is at about 1.7% vs. the previous number of 2.7%. We also have New home sales at 10:00 am EST and weekly crude oil inventories at 10:30 am EST. They both have low ratings at Forex Factory as far as potential volatility, but I would keep an eye on them as housing and oil data have been market moving in the past few months. Okay Alba traders, we've seen some strong, market moving numbers out of the US lately. Is the dollar going to strengthen or are these opportunities to sell the greenback? Who knows...just stay focused and stick to the rules of the Alba system and you'll be alright! Good luck and good trading!
~Pipcrawler
EU Session High: 1.2427
EU Session Low: 1.2392
Ok so we made a tiny dent at getting back some of our pips from the losses we've taken this month. At 9:10 there was an Alba breakout and I entered 3 lots long at 2437 with a stop at 2421 and a target at 2445. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to breakeven where I was stopped out a couple minutes later. So it was a very small trade, but I'll take any kind of win at this moment :) Cheers! ~Big Pippin
Results: +16 +3 -9(spread)= +10 pips
8:00 am EST - Analysis
Good morning! We have a few US reports coming out during our session today starting with Durable Goods orders at 8:30 am EST. This is the count of purchase orders from domestic manufacturers for hard goods. The consensus number is at about 1.7% vs. the previous number of 2.7%. We also have New home sales at 10:00 am EST and weekly crude oil inventories at 10:30 am EST. They both have low ratings at Forex Factory as far as potential volatility, but I would keep an eye on them as housing and oil data have been market moving in the past few months. Okay Alba traders, we've seen some strong, market moving numbers out of the US lately. Is the dollar going to strengthen or are these opportunities to sell the greenback? Who knows...just stay focused and stick to the rules of the Alba system and you'll be alright! Good luck and good trading!
~Pipcrawler
EU Session High: 1.2427
EU Session Low: 1.2392
Tuesday, April 25, 2006
Forex Trade - 04/25/06
2:37 pm EST- Breakeven Trade
Well it wasn't a good or bad day today. At 8:10 am there was an Alba breakout and I entered 3 lots long at 2428 with a stop at 2396 and a target at 2446. I knew that the Consumer Confidence report and Existing Home Sales were coming out at 10am so I had intentions to close out my trade before the reports came out. At around 9:50 the price started to go against me and I ended up closing my trade out at breakeven. So no luck today but at the same time, maybe I was lucky as the Euro dropped after the better than expected news reports. Just another reason why the times are crazy right now. We have a weak dollar sentiment but strong dollar fundamentals! What will the EUR/USD do next? Find out next time on (insert show name here) Cheers! ~Big Pippin
Results: +0
8:00 am EST - Analysis
Good Morning! Today we have US Existing home sales and the Consumer Confidence being reported today at 10:00 am EST. The housing data will be closely watched as it has had a lot of focus in recent months as an indicator of consumer confidence. Today's forecast number for Existing homes sales is around 6.65M and the consumer confidence number is forecasted at 105.5. Alright Alba traders, I know it's been a rough week or so, but keep your heads up. Every trader goes through rough patches. Stay focused, good luck and good trading! ~Pipcrawler
EU Session High: 1.2418
EU Session Low: 1.2371
Well it wasn't a good or bad day today. At 8:10 am there was an Alba breakout and I entered 3 lots long at 2428 with a stop at 2396 and a target at 2446. I knew that the Consumer Confidence report and Existing Home Sales were coming out at 10am so I had intentions to close out my trade before the reports came out. At around 9:50 the price started to go against me and I ended up closing my trade out at breakeven. So no luck today but at the same time, maybe I was lucky as the Euro dropped after the better than expected news reports. Just another reason why the times are crazy right now. We have a weak dollar sentiment but strong dollar fundamentals! What will the EUR/USD do next? Find out next time on (insert show name here) Cheers! ~Big Pippin
Results: +0
8:00 am EST - Analysis
Good Morning! Today we have US Existing home sales and the Consumer Confidence being reported today at 10:00 am EST. The housing data will be closely watched as it has had a lot of focus in recent months as an indicator of consumer confidence. Today's forecast number for Existing homes sales is around 6.65M and the consumer confidence number is forecasted at 105.5. Alright Alba traders, I know it's been a rough week or so, but keep your heads up. Every trader goes through rough patches. Stay focused, good luck and good trading! ~Pipcrawler
EU Session High: 1.2418
EU Session Low: 1.2371
Monday, April 24, 2006
Forex Trade- 4/24/06
3:40 pm EST- 1 Trade Lost
Unfortunately this week is not starting off good. There was an Alba breakout (albeit an ugly one) at 10:00 am EST and I entered 3 lots short at 2344 with a stop at 2363 and a target at 2335. I was stopped out at 10:50 on all 3 lots. The way things are going this could be the first negative month for the Alba system. We'll see how the rest of the week pans out. Cheers! ~Big Pippin
Results: -57 -9(spread)= -66 pips
Friday, April 21, 2006
Alba Results- 4/10/06 - 4/21/06
It's been a very tough 2 weeks and we're actually negative for the month at this moment. Since the Alba inception, I've never had a losing month so it will be interesting to see what will happen next week. This is one of those times when you can really see the power of good money management :)
4/10/06 - 4/12/06
Monday: No trades
Tuesday: No trades
Wednesday: -105
4/18/06 - 4/21/06
Tuesday: -33
Wednesday: -138
Thursday: +24
Friday: No trades
Total: -252 pips
Overall track record
4/10/06 - 4/12/06
Monday: No trades
Tuesday: No trades
Wednesday: -105
4/18/06 - 4/21/06
Tuesday: -33
Wednesday: -138
Thursday: +24
Friday: No trades
Total: -252 pips
Overall track record
Forex Trade- 4/21/06
4:45 pm EST- No trades
Well it was a relatively quiet day for the EUR/USD seeing as there were no economic reports today. However at around 10:30 we did get a brief spike due to some words from the Russians saying that the USD wasn't the only reserve. Price went up to the EU session high but didn't quite qualify as an Alba breakout so I stayed out. It's been a week and half and I'm hoping next week will be better. Have a great weekend everyone! ~Big Pippin
Results: +0 pips
Well it was a relatively quiet day for the EUR/USD seeing as there were no economic reports today. However at around 10:30 we did get a brief spike due to some words from the Russians saying that the USD wasn't the only reserve. Price went up to the EU session high but didn't quite qualify as an Alba breakout so I stayed out. It's been a week and half and I'm hoping next week will be better. Have a great weekend everyone! ~Big Pippin
Results: +0 pips
Thursday, April 20, 2006
Forex Trade - 04/20/06
2:30 pm EST- 1 Trade won
That 2300 is a very tricky level right now. I've seen it bounce on the level for the past 3 days now so keep that in mind as you trade. At 10:00 am there was an Alba breakout and I entered 3 lots short at 2303 with a stop at 2330 and a target at 2388. My target was hit at 10:50 and I closed 2 lots out and moved my stop to breakeven where I was stopped out a few minutes later. Coincidentally enough this looks just like yesterday's trade except our target was a little too low. Yesterday, the Euro got down to 2285 before bouncing back up. Today it got down to 2286. Who knows what will happen tomorrow. Cheers for the win! ~Big Pippin
Result: +30 +3 -9(spread)= +24 pips
8:00 am EST - Analysis
Good Morning! Today we have weekly Unemloyment Claims at 8:30 am EST, Leading Indicators at 10:00 am EST, and the Philadelphia Fed Index at 12:00 pm EST. All three have low potential for volatility, but keep an eye out at those times for any surprise numbers and be cautious before entering any trades. Without any major news reports we will probably see the EUR/USD continue to range, finding support and resistance at the EU highs and lows. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2362
EU Session Low: 1.2316
That 2300 is a very tricky level right now. I've seen it bounce on the level for the past 3 days now so keep that in mind as you trade. At 10:00 am there was an Alba breakout and I entered 3 lots short at 2303 with a stop at 2330 and a target at 2388. My target was hit at 10:50 and I closed 2 lots out and moved my stop to breakeven where I was stopped out a few minutes later. Coincidentally enough this looks just like yesterday's trade except our target was a little too low. Yesterday, the Euro got down to 2285 before bouncing back up. Today it got down to 2286. Who knows what will happen tomorrow. Cheers for the win! ~Big Pippin
Result: +30 +3 -9(spread)= +24 pips
8:00 am EST - Analysis
Good Morning! Today we have weekly Unemloyment Claims at 8:30 am EST, Leading Indicators at 10:00 am EST, and the Philadelphia Fed Index at 12:00 pm EST. All three have low potential for volatility, but keep an eye out at those times for any surprise numbers and be cautious before entering any trades. Without any major news reports we will probably see the EUR/USD continue to range, finding support and resistance at the EU highs and lows. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2362
EU Session Low: 1.2316
Wednesday, April 19, 2006
Forex Trade - 04/19/06
3:30 pm EST- 1 Trade lost
Just when we thought it wouldn't get any worse, it turns out that it can! After the CPI report we saw an Alba breakout at 9:00 am and I entered short at 2299 with a stop at 2342 and a target at 2275. The EUR got down to 2285 but then made a complete reversal and I was stopped out on all 3 lots at 10:00 am. This is probably due to the weak dollar sentiment now and as commodities are increasing and housing data weakening and high oil prices affecting consumer spending, we're probably going to see a weaker dollar in the next few months. The reason for the slight surge for the dollar was because of the higher than expected CPI numbers. I just wish it surged a little more to hit our target before going weak again :) Oh well, you can't win them all. Hoping for a better day tomorrow. Cheers! ~Big Pippin
Results: -129 -9(spread)= -138 pips (ouch)
8:00 am EST - Analysis
Good Morning! Sorry for the late entry. It's 8:52 am EST and the CPI report was just released with a bigger than expected number of 0.4% versus Feb number of 0.1%. This is mostly due to higher gasoline prices. In response the EUR/USD has shot down and if you're an Alba trader you should be watching the market very closely and looking to enter, and you should not be in the trade in at this point due to the recent release of the news report. Remember the rules! When we do enter we should see continued strength in the US dollar until 10:00 am EST.
At 10:30 am EST we have the weekly EIA Crude Oil inventories number coming out with an expected number at 3.2 M. A higher number may weaken the US dollar. Alright Alba traders, stay focused! Good luck and good trading!
EU Session High: 1.2374
EU Session Low: 1.2330
Just when we thought it wouldn't get any worse, it turns out that it can! After the CPI report we saw an Alba breakout at 9:00 am and I entered short at 2299 with a stop at 2342 and a target at 2275. The EUR got down to 2285 but then made a complete reversal and I was stopped out on all 3 lots at 10:00 am. This is probably due to the weak dollar sentiment now and as commodities are increasing and housing data weakening and high oil prices affecting consumer spending, we're probably going to see a weaker dollar in the next few months. The reason for the slight surge for the dollar was because of the higher than expected CPI numbers. I just wish it surged a little more to hit our target before going weak again :) Oh well, you can't win them all. Hoping for a better day tomorrow. Cheers! ~Big Pippin
Results: -129 -9(spread)= -138 pips (ouch)
8:00 am EST - Analysis
Good Morning! Sorry for the late entry. It's 8:52 am EST and the CPI report was just released with a bigger than expected number of 0.4% versus Feb number of 0.1%. This is mostly due to higher gasoline prices. In response the EUR/USD has shot down and if you're an Alba trader you should be watching the market very closely and looking to enter, and you should not be in the trade in at this point due to the recent release of the news report. Remember the rules! When we do enter we should see continued strength in the US dollar until 10:00 am EST.
At 10:30 am EST we have the weekly EIA Crude Oil inventories number coming out with an expected number at 3.2 M. A higher number may weaken the US dollar. Alright Alba traders, stay focused! Good luck and good trading!
EU Session High: 1.2374
EU Session Low: 1.2330
Tuesday, April 18, 2006
Forex Trade - 04/18/06
3:50 pm EST- 1 Trade Lost
Well after a nice Easter vacation, I came back to a not-so-nice market :) We had a good looking Alba breakout at 8:50 am and I entered 3 lots long at 2295 with a stop at 2250 and a target at 2319. Unfortunately the economic reports weren't strong enough to move the market enough to hit our target and the price returned back to the EU session high. By 12:30 after a small run up I cut my losses and closed all 3 lots out at 2287. Since we only had 1 trade last week I will be combining this week's results with last week. So far it's not looking good. We are still up for the month but I would like to see another good week like the first week of this month where we made over 200 pips. Hopefully the odds will play in our favor :) Cheers! ~Big Pippin
Results: -24 -9(spread)= -33 pips
8:00 am EST - Analysis
Good Morning! We have economic reports coming out at 8:30 am EST which include: Producer Price Index(month over month and year over year), Housing Starts, and Building Permits. The PPI will be closely watched with the forecast headline number at +0.4%. We also have Fed speak at the end of our trading session starting at 11:00 am EST. But probably the biggest news of the day will come at 2:00 pm EST as the minutes for the March FOMC meeting will be released. With oil, interest rates, inflation data, and a host of other factors...who knows where the dollar is going next? We'll just have to be prepared for whatever the market gives us. Stay focused and stick to the Alba rules. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2273
EU Session Low: 1.2226
Well after a nice Easter vacation, I came back to a not-so-nice market :) We had a good looking Alba breakout at 8:50 am and I entered 3 lots long at 2295 with a stop at 2250 and a target at 2319. Unfortunately the economic reports weren't strong enough to move the market enough to hit our target and the price returned back to the EU session high. By 12:30 after a small run up I cut my losses and closed all 3 lots out at 2287. Since we only had 1 trade last week I will be combining this week's results with last week. So far it's not looking good. We are still up for the month but I would like to see another good week like the first week of this month where we made over 200 pips. Hopefully the odds will play in our favor :) Cheers! ~Big Pippin
Results: -24 -9(spread)= -33 pips
8:00 am EST - Analysis
Good Morning! We have economic reports coming out at 8:30 am EST which include: Producer Price Index(month over month and year over year), Housing Starts, and Building Permits. The PPI will be closely watched with the forecast headline number at +0.4%. We also have Fed speak at the end of our trading session starting at 11:00 am EST. But probably the biggest news of the day will come at 2:00 pm EST as the minutes for the March FOMC meeting will be released. With oil, interest rates, inflation data, and a host of other factors...who knows where the dollar is going next? We'll just have to be prepared for whatever the market gives us. Stay focused and stick to the Alba rules. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2273
EU Session Low: 1.2226
Wednesday, April 12, 2006
Forex Trade - 04/12/06
2:50 pm EST- 1 Trade Lost
Unfortunately on my last trading day this week I had a loss. After the trade balance report the Euro made a nice move down and at the close of the 8:40 candle I entered short on an Alba breakout at 2072 with a stop at 2143 and a target at 2033. After entering, the Euro made a complete reversal and headed back all the way up to the EU session low before finally moving down a little bit. By 12 noon I knew it was time to close my trade because the price was pretty close to 2100 so I ended up closing all 3 lots at 2104. So after a nice run last week I took a pretty good hit today but we are still up for the month. Hopefully the rest of the month will get us back up. I will not be trading tomorrow or Friday as I will be on vacation. Hope you all have a great Easter and I will be back on Monday. Cheers! ~Big Pippin
Result: -96 -9(spread)= -105 pips
8:00 am EST - Analysis
Good morning! Today we have the release of the US Trade Balance number for Feb. at 8:30 am EST. It is a major number for the markets in that it measures the difference in the total number of exports and imports. This number has a huge impact on a country's GDP. The previous number was -68.5 B, and consensus is at -67.0 B.
Also, we have have the EIA weekly crude oil inventories number at 10:30 am EST.
Please be cautious around the Trade Balance report. With a surprise number it can be very dangerous to trade around. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2159
EU Session Low: 1.2138
Unfortunately on my last trading day this week I had a loss. After the trade balance report the Euro made a nice move down and at the close of the 8:40 candle I entered short on an Alba breakout at 2072 with a stop at 2143 and a target at 2033. After entering, the Euro made a complete reversal and headed back all the way up to the EU session low before finally moving down a little bit. By 12 noon I knew it was time to close my trade because the price was pretty close to 2100 so I ended up closing all 3 lots at 2104. So after a nice run last week I took a pretty good hit today but we are still up for the month. Hopefully the rest of the month will get us back up. I will not be trading tomorrow or Friday as I will be on vacation. Hope you all have a great Easter and I will be back on Monday. Cheers! ~Big Pippin
Result: -96 -9(spread)= -105 pips
8:00 am EST - Analysis
Good morning! Today we have the release of the US Trade Balance number for Feb. at 8:30 am EST. It is a major number for the markets in that it measures the difference in the total number of exports and imports. This number has a huge impact on a country's GDP. The previous number was -68.5 B, and consensus is at -67.0 B.
Also, we have have the EIA weekly crude oil inventories number at 10:30 am EST.
Please be cautious around the Trade Balance report. With a surprise number it can be very dangerous to trade around. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2159
EU Session Low: 1.2138
Tuesday, April 11, 2006
Forex Trade - 04/11/06
2:00 pm EST- No trades
Well as expected, we saw very little movement in the EUR/USD because of the lack of economic reports today. There were no signals or breakouts. Hopefully tomorrow will be better :) Cheers! ~Big Pippin
Results: +0 pips
8:00 am EST - Analysis
Good morning! Well, it looks like another day with no news to report. We most likely will see little volatility as traders wait for comments from the ECB this week and for the Trade Balance report tomorrow. So, we have another open day of trading...just remember to be cautious near the highs and the lows of the EU session, and always remember to stick to the Alba rules. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2141
EU Session Low: 1.2101
Well as expected, we saw very little movement in the EUR/USD because of the lack of economic reports today. There were no signals or breakouts. Hopefully tomorrow will be better :) Cheers! ~Big Pippin
Results: +0 pips
8:00 am EST - Analysis
Good morning! Well, it looks like another day with no news to report. We most likely will see little volatility as traders wait for comments from the ECB this week and for the Trade Balance report tomorrow. So, we have another open day of trading...just remember to be cautious near the highs and the lows of the EU session, and always remember to stick to the Alba rules. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2141
EU Session Low: 1.2101
Monday, April 10, 2006
Forex Trade - 04/10/06
3:10 pm EST- No trades
Well like a typical Monday I did not have any trades today. There was actually a signal at 11:00 am EST but it was too close to the EU session low to take. This week will be short for me as Friday is a holiday and I will not trade the day before the holiday either (Thursday). Therefore, our trading week will be reduced to today, tomorrow, and Wednesday. Hopefully we can grab some pips in this short week. Cheers! ~Big Pippin
Result: +0 pips
8:00 am EST - Analysis
Good morning! I hope everyone had a great weekend! There are no major economic releases today, but we do have fed speak from Fed Governers Olson and Bies starting at 8:30 am EST. With any news report come out it should be a pretty open day for trading, but remember how Mondays can often be tricky. On days that lack news reports we often see the EU high and lows as strong resistance. Remember that and remember the Alba rules. They done pretty well for us so far this month. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2128
EU Session Low: 1.2088
Well like a typical Monday I did not have any trades today. There was actually a signal at 11:00 am EST but it was too close to the EU session low to take. This week will be short for me as Friday is a holiday and I will not trade the day before the holiday either (Thursday). Therefore, our trading week will be reduced to today, tomorrow, and Wednesday. Hopefully we can grab some pips in this short week. Cheers! ~Big Pippin
Result: +0 pips
8:00 am EST - Analysis
Good morning! I hope everyone had a great weekend! There are no major economic releases today, but we do have fed speak from Fed Governers Olson and Bies starting at 8:30 am EST. With any news report come out it should be a pretty open day for trading, but remember how Mondays can often be tricky. On days that lack news reports we often see the EU high and lows as strong resistance. Remember that and remember the Alba rules. They done pretty well for us so far this month. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2128
EU Session Low: 1.2088
Friday, April 07, 2006
Alba results for 4/3/06- 4/7/06
Well it really was a great week for the Alba system. I think it's just been a great week for trading in general. In this week alone we surpassed all our profits from last month. Hopefully we'll be able to add to this profit total for the rest of the month.
Monday: +54
Tuesday: +27
Wednesday: No Trades
Thursday: +86
Friday: +64
Total: +231 pips
Monday: +54
Tuesday: +27
Wednesday: No Trades
Thursday: +86
Friday: +64
Total: +231 pips
Forex Trade - 04/07/06
3:35 pm EST- 1 Trade won
Well it's been a great week for Alba and today was no exception. At 9:50 am EST we saw an Alba breakout and I entered 3 lots short at 2154 with a stop at 2192 and a target at 2133. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to breakeven. I trailed my last lot's stop and was eventually stopped out at the high of the candle marked on the chart which was at 2123. Today was a great way to end a fantastic trading week. I wish every week were like this :) Cheers! ~Big Pippin
Results: +42 +31 -9(spread)= +64 pips
8:00 am EST - Analysis
Good Morning! Well, it's here again! It's the Non Farm Payroll Report Day!! It's the monthly report of new jobs created and it is one of the most important indicators of an economy's health. The NFP report is one of the biggest market mover of them all, and as you can see by the small range on the chart, traders have been waiting for it to be released.It will be release at 8:30 am EST and the consensus number is 190K. A number below 120K would seriously weaken the US dollar.
Now if you're up in pips for the week we highly suggest that you take off and start your weekend early. If you are going to trade it please wait at least 20 to 30 minutes after the report is released to enter a trade to avoid being whipsawed. If you are going to trade the Alba, please be patient and stick to the rules! Good luck and good trading! ~Pipcrawler
EU Session High: 1.2207
EU Session Low: 1.2165
Well it's been a great week for Alba and today was no exception. At 9:50 am EST we saw an Alba breakout and I entered 3 lots short at 2154 with a stop at 2192 and a target at 2133. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to breakeven. I trailed my last lot's stop and was eventually stopped out at the high of the candle marked on the chart which was at 2123. Today was a great way to end a fantastic trading week. I wish every week were like this :) Cheers! ~Big Pippin
Results: +42 +31 -9(spread)= +64 pips
8:00 am EST - Analysis
Good Morning! Well, it's here again! It's the Non Farm Payroll Report Day!! It's the monthly report of new jobs created and it is one of the most important indicators of an economy's health. The NFP report is one of the biggest market mover of them all, and as you can see by the small range on the chart, traders have been waiting for it to be released.It will be release at 8:30 am EST and the consensus number is 190K. A number below 120K would seriously weaken the US dollar.
Now if you're up in pips for the week we highly suggest that you take off and start your weekend early. If you are going to trade it please wait at least 20 to 30 minutes after the report is released to enter a trade to avoid being whipsawed. If you are going to trade the Alba, please be patient and stick to the rules! Good luck and good trading! ~Pipcrawler
EU Session High: 1.2207
EU Session Low: 1.2165
Thursday, April 06, 2006
Forex Trade - 04/06/06
2:20 pm EST- 1 Trade won
Well it was another excellent day for Miss Alba. We had a very strong move in the EUR/USD and luckily Alba helped us snag some pips. At 8:40 there was both an Alba signal and a breakout (which is usually a very good sign) and I entered 3 lots short at 2235 with a stop at 2308 and a target at 2197. My target was hit at 10:00 am and I closed 2 lots and moved my last lot to the high of that candle. Unfortunately I was stopped out at the very next candle at 2216. So far its been a strong week and hopefully we can maintain this momentum for tomorrow and finish the week out strong. Cheers! ~Big Pippin
Results: +76 +19 -9(spread)= +86 pips
8:00 am EST - Analysis
Good morning! Well, as expected, the ECB held interest rates at 2.75%. The euro made a rally up during the EU session creating a range of 51 pips as traders anticipated the interest rate statement. Today we have Initial Jobless Claims at 8:30 am with numbers expected at 305K. Also, US Secretary of Treasury John Snow will be testifying to the Senate today at 9:30 am EST.
Unless we see profit taking on the recent run up of the euro, or if there are any surprises, I expect trading to be muted today ahead of the NFP report coming out tomorrow morning. Again, always stay on your toes. Good luck and good trading!
EU Session High: 1.2330
EU Session Low: 1.2279
Well it was another excellent day for Miss Alba. We had a very strong move in the EUR/USD and luckily Alba helped us snag some pips. At 8:40 there was both an Alba signal and a breakout (which is usually a very good sign) and I entered 3 lots short at 2235 with a stop at 2308 and a target at 2197. My target was hit at 10:00 am and I closed 2 lots and moved my last lot to the high of that candle. Unfortunately I was stopped out at the very next candle at 2216. So far its been a strong week and hopefully we can maintain this momentum for tomorrow and finish the week out strong. Cheers! ~Big Pippin
Results: +76 +19 -9(spread)= +86 pips
8:00 am EST - Analysis
Good morning! Well, as expected, the ECB held interest rates at 2.75%. The euro made a rally up during the EU session creating a range of 51 pips as traders anticipated the interest rate statement. Today we have Initial Jobless Claims at 8:30 am with numbers expected at 305K. Also, US Secretary of Treasury John Snow will be testifying to the Senate today at 9:30 am EST.
Unless we see profit taking on the recent run up of the euro, or if there are any surprises, I expect trading to be muted today ahead of the NFP report coming out tomorrow morning. Again, always stay on your toes. Good luck and good trading!
EU Session High: 1.2330
EU Session Low: 1.2279
Wednesday, April 05, 2006
Forex Trade - 04/05/2006
3:00 pm EST- No trades
Well after 2 good days of movement in the EUR, we finally had a pause as there were no valid Alba trades today. You'll notice that the candle marked on the chart was an Alba breakout but as most of you know I do not trade around news events. The breakout occurred at 9:30 which was the same time as Bernanke's testimony which is why there was no trade. Hindsight is great I know, but this is a perfect example of why trading around news can be very dangerous. Luckily we were able to stay out of this one as it would have been a loss. Like I always say, it's better to not trade and make nothing then to trade and lose money. Hopefully we'll have a better day tomorrow. Cheers! ~Big Pippin
Result: +0 pips
8:00 am EST - Analysis
Good morning! At 10:00 am EST we have ISM Non-Manufacturing Index. It is the measure of growth in various industries, and its consensus number is at 59.0...We also have weekly EIA crude inventory numbers at 10:30 am EST. Fed Chairman Bernanke will be speaking today at 9:30 am EST at a financial literacy press conference today. The market will be on the look out for any hints to the Fed policy. The Alba did well yesterday...let's see if we get a good signal today. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2282
EU Session Low: 1.2245
Well after 2 good days of movement in the EUR, we finally had a pause as there were no valid Alba trades today. You'll notice that the candle marked on the chart was an Alba breakout but as most of you know I do not trade around news events. The breakout occurred at 9:30 which was the same time as Bernanke's testimony which is why there was no trade. Hindsight is great I know, but this is a perfect example of why trading around news can be very dangerous. Luckily we were able to stay out of this one as it would have been a loss. Like I always say, it's better to not trade and make nothing then to trade and lose money. Hopefully we'll have a better day tomorrow. Cheers! ~Big Pippin
Result: +0 pips
8:00 am EST - Analysis
Good morning! At 10:00 am EST we have ISM Non-Manufacturing Index. It is the measure of growth in various industries, and its consensus number is at 59.0...We also have weekly EIA crude inventory numbers at 10:30 am EST. Fed Chairman Bernanke will be speaking today at 9:30 am EST at a financial literacy press conference today. The market will be on the look out for any hints to the Fed policy. The Alba did well yesterday...let's see if we get a good signal today. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2282
EU Session Low: 1.2245
Tuesday, April 04, 2006
Forex Trade - 04/04/06
1:30 pm EST- 1 Trade Won
Although I didn't catch all the move, I was still able to grab some pips. You will see that the breakout occurred right at 8am but because of Trichet speaking at 8:30 I did not take the trade. I waited until I saw an Alba signal at 9:10 before entering. I entered long at 2243 with a stop at 2228 and a target at 2252. My target was hit at 9:40 and I closed 2 lots and moved my last lot's stop to breakeven. I was eventually stopped out at the low of the candle marked on the chart which was at 2261. It was another easy day for trading in general. Very good moves and I'm hoping we can have more days like this the rest of the week. Cheers! ~Big Pippin
Results: +18 +18 -9(spread)= +27 pips
8:00 am EST - Analysis
Good morning! No major economic news coming out today, but we do have ECB Pres. Trichet speaking at 9:30 am EST, US Fed speak starting at 12:00 pm EST. If there is any significant comments in their speaches, we probably won't see it factor into the market during our trading session. The EUR/USD made a session high of 1.2188 and is currently trading near that point, so watchout for a breakout and enter a trade if it fits the Alba rules. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2188
EU Session Low: 1.2119
Although I didn't catch all the move, I was still able to grab some pips. You will see that the breakout occurred right at 8am but because of Trichet speaking at 8:30 I did not take the trade. I waited until I saw an Alba signal at 9:10 before entering. I entered long at 2243 with a stop at 2228 and a target at 2252. My target was hit at 9:40 and I closed 2 lots and moved my last lot's stop to breakeven. I was eventually stopped out at the low of the candle marked on the chart which was at 2261. It was another easy day for trading in general. Very good moves and I'm hoping we can have more days like this the rest of the week. Cheers! ~Big Pippin
Results: +18 +18 -9(spread)= +27 pips
8:00 am EST - Analysis
Good morning! No major economic news coming out today, but we do have ECB Pres. Trichet speaking at 9:30 am EST, US Fed speak starting at 12:00 pm EST. If there is any significant comments in their speaches, we probably won't see it factor into the market during our trading session. The EUR/USD made a session high of 1.2188 and is currently trading near that point, so watchout for a breakout and enter a trade if it fits the Alba rules. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2188
EU Session Low: 1.2119
Monday, April 03, 2006
Forex Trade- 4/03/06
2:10 pm EST- 1 Trade won
Not a bad day for a Monday. There was a good Alba breakout at 10:20 am and I entered 3 lots long at 2091 with a stop at 2069 and a target at 2103. My target was hit at 10:40 and I closed 2 lots and moved my last lot's stop to the low of that candle. I trailed my stop and was eventually stopped out at the low of the candle marked on the chart which was at 2130. We couldn't of asked for an easier trade today and it was pretty much a smooth sail for the length of the trade. Hope you all grabbed some of those pips. Cheers! ~Big Pippin
Results: +24 +39 -9(spread)= +54 pips
Not a bad day for a Monday. There was a good Alba breakout at 10:20 am and I entered 3 lots long at 2091 with a stop at 2069 and a target at 2103. My target was hit at 10:40 and I closed 2 lots and moved my last lot's stop to the low of that candle. I trailed my stop and was eventually stopped out at the low of the candle marked on the chart which was at 2130. We couldn't of asked for an easier trade today and it was pretty much a smooth sail for the length of the trade. Hope you all grabbed some of those pips. Cheers! ~Big Pippin
Results: +24 +39 -9(spread)= +54 pips
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