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

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