Monday, May 29, 2006
Memorial Day
There is no trading today for me as it is a US holiday. I encourage all of you, especially the American traders, to take a break from trading today as today is a very special holiday. Let us remember those who gave their lives for our country so that we could have the life of freedom that we often times take for granted. I wish you all a happy Memorial Day. Cheers! ~Big Pippin
Alba Results for 5.22.06 - 5.25.06
It was a very small profit gain this week as we only had 1 trade which was a small winner. We did not trade on Friday because it was the day before the Memorial day weekend.
Monday: +12
Tuesday: No trade
Wednesday: No trade
Thursday: No trade
Friday: No trade- Day before Memorial Day
Total: +12 pips
Total for May: +274 pips
Monday: +12
Tuesday: No trade
Wednesday: No trade
Thursday: No trade
Friday: No trade- Day before Memorial Day
Total: +12 pips
Total for May: +274 pips
Thursday, May 25, 2006
Forex Trade- 5.25.06
2:10 pm EST- No trades
Well even with the GDP and Existing Home Sales report, the Euro still showed indecision as the price could neither break the EU high nor the EU low. It will be interesting to see what will happen tomorrow seeing as Monday is a US holiday. I will watch the markets and hopefully a trade will show up. Cheers! ~Big Pippin
Results: +0 pips
Well even with the GDP and Existing Home Sales report, the Euro still showed indecision as the price could neither break the EU high nor the EU low. It will be interesting to see what will happen tomorrow seeing as Monday is a US holiday. I will watch the markets and hopefully a trade will show up. Cheers! ~Big Pippin
Results: +0 pips
Wednesday, May 24, 2006
Forex Trade- 5.24.06
2:00 pm EST- Breakeven trade
Well it was quite a mover for the Euro today but I didn't see any entries until later in the day. During the EU session the Euro made about a 100 pip move up and then during the US sesssion it dropped right back down another 100 pips. At 10:30 am EST there was an Alba breakout and I entered 3 lots short at 2755 with a stop at 2837 and a target at 2712. The price got as low as 2728 but didn't move far enough to hit my target. Because there was such a large move in both the EU and US session I decided that at 12pm EST it would be a good time to get out of the trade. I ended closing my trade out at breakeven. Hope you all were able to catch some of the big moves today. Cheers! ~Big Pippin
Results: +0 pips
Well it was quite a mover for the Euro today but I didn't see any entries until later in the day. During the EU session the Euro made about a 100 pip move up and then during the US sesssion it dropped right back down another 100 pips. At 10:30 am EST there was an Alba breakout and I entered 3 lots short at 2755 with a stop at 2837 and a target at 2712. The price got as low as 2728 but didn't move far enough to hit my target. Because there was such a large move in both the EU and US session I decided that at 12pm EST it would be a good time to get out of the trade. I ended closing my trade out at breakeven. Hope you all were able to catch some of the big moves today. Cheers! ~Big Pippin
Results: +0 pips
Tuesday, May 23, 2006
Forex Trade- 5.23.06
1:15 pm EST- No trades
The Euro was pretty quiet today and it stayed within its range. Bernanke did cause some volatility but the movement still showed indecision as the Euro could not break through its high or low. Luckily for us, there were no signals or breakouts which kept us out of this range bound market. Hope you all were able to stay out. Cheers! ~Big Pippin Results: +0 pips
Results: +0 pips
The Euro was pretty quiet today and it stayed within its range. Bernanke did cause some volatility but the movement still showed indecision as the Euro could not break through its high or low. Luckily for us, there were no signals or breakouts which kept us out of this range bound market. Hope you all were able to stay out. Cheers! ~Big Pippin Results: +0 pips
Results: +0 pips
Monday, May 22, 2006
Forex Trade- 5.22.06
5:12 pm EST- 1 Trade Won
Even though it wasn't a big win, we were still able to manage a few pips with the Alba system. I was kind of disappointed we didn't get more but I can't complain about positive pips. There was an Alba breakout at 10:10 am EST and I entered 3 lots long at 2802 with a stop at 2786 and a target at 2811. My target was hit on the next candle and I closed 2 lots out and moved my last lot's stop to breakeven. Unfortunately that is where I got stopped out at on the very next candle. Hope you all did better than me today! Cheers, ~Big Pippin
Results: +18 +3 -9(spread)= +12 pips
Even though it wasn't a big win, we were still able to manage a few pips with the Alba system. I was kind of disappointed we didn't get more but I can't complain about positive pips. There was an Alba breakout at 10:10 am EST and I entered 3 lots long at 2802 with a stop at 2786 and a target at 2811. My target was hit on the next candle and I closed 2 lots out and moved my last lot's stop to breakeven. Unfortunately that is where I got stopped out at on the very next candle. Hope you all did better than me today! Cheers, ~Big Pippin
Results: +18 +3 -9(spread)= +12 pips
Alba results for 5.15.06 - 5.19.06
Thursday, May 18, 2006
Forex Trade- 5.18.06
4:00 pm EST- No Trades
Well even with Big Ben speaking today, the EUR/USD didn't move that much we did have a break of the EU high but there were no good Alba breakouts so I did not have a trade. I will also not be trading tomorrow as I have plans so this was the last trading day for me. I will post this week's results sometime tomorrow. Hope you all have a great weekend! ~Big Pippin
Result: +0 pips
Well even with Big Ben speaking today, the EUR/USD didn't move that much we did have a break of the EU high but there were no good Alba breakouts so I did not have a trade. I will also not be trading tomorrow as I have plans so this was the last trading day for me. I will post this week's results sometime tomorrow. Hope you all have a great weekend! ~Big Pippin
Result: +0 pips
Friday, May 12, 2006
Forex Trade- 5.12.06
4:00 pm EST- No Trades
Well even with the Trade Balance and Consumer Sentiment report we didn't have enough movement in the Euro to warrent a trade. You can see from the chart that the EUR/USD stayed within its range producing no trades for us today. At least we finished the week off positive. Have a great weekend everyone! ~Big Pippin
Results: +0 pips
Well even with the Trade Balance and Consumer Sentiment report we didn't have enough movement in the Euro to warrent a trade. You can see from the chart that the EUR/USD stayed within its range producing no trades for us today. At least we finished the week off positive. Have a great weekend everyone! ~Big Pippin
Results: +0 pips
Wednesday, May 10, 2006
Forex Trade- 5.10.06
2:10 pm EST- No Trades
There was very little movement in the EUR/USD today. I'm guessing traders were waiting for the FOMC meeting. Needless to say there were no Alba signals or breakouts today. Cheers! ~Big Pippin
Results: +0 pips
There was very little movement in the EUR/USD today. I'm guessing traders were waiting for the FOMC meeting. Needless to say there were no Alba signals or breakouts today. Cheers! ~Big Pippin
Results: +0 pips
Monday, May 08, 2006
Forex Trade- 5.08.06
2:35 pm EST- 1 Small Trade won
Considering it was a Monday with no economic reports out, I was surprised to pull in a small win today. At 9:50 there was an Alba breakout and I entered 3 lots short at 2709 with a stop at 2747 and a target at 2690. The price came close to hitting my target but didn't quite make it. By 2:00 pm, my target was still not hit so I decided to close my trade out at the close of the 2pm candle which was at 2698. On a day like this I was happy Alba was still able to give us some positive pips. Hope you all did well today. Cheers! ~Big Pippin
Results: +33 -9(spread)= +24 pips
Considering it was a Monday with no economic reports out, I was surprised to pull in a small win today. At 9:50 there was an Alba breakout and I entered 3 lots short at 2709 with a stop at 2747 and a target at 2690. The price came close to hitting my target but didn't quite make it. By 2:00 pm, my target was still not hit so I decided to close my trade out at the close of the 2pm candle which was at 2698. On a day like this I was happy Alba was still able to give us some positive pips. Hope you all did well today. Cheers! ~Big Pippin
Results: +33 -9(spread)= +24 pips
Friday, May 05, 2006
Forex Trade- 5.05.06
2:00 pm EST- No Trades
Although there was some good movement from the NFP report, I couldn't find a suitable entry. Many of you know that I don't like trading news candles and that is the reason why I didn't enter at the 8:30 candle. After the big move, the price pretty much stalled the rest of the day and I couldn't find a viable signal or breakout entry. As a result, there were no trades today. The good news is that we were able to finish the week positive. Hope you all have a great weekend. Cheers! ~Big Pippin
Result: +0 pips
Although there was some good movement from the NFP report, I couldn't find a suitable entry. Many of you know that I don't like trading news candles and that is the reason why I didn't enter at the 8:30 candle. After the big move, the price pretty much stalled the rest of the day and I couldn't find a viable signal or breakout entry. As a result, there were no trades today. The good news is that we were able to finish the week positive. Hope you all have a great weekend. Cheers! ~Big Pippin
Result: +0 pips
Thursday, May 04, 2006
Forex Trade- 5.04.06
2:45 pm EST- 1 Trade Won
Well it was a good day for Alba as we had a pretty easy win. At 9:40 am EST we had an Alba signal/breakout which is usually a very good indication of a winning trade. I entered at the close of the 9:40 candle at 2643 with a stop at 2623 and a target at 2653. My target was hit at 10:00 am EST and I closed 2 lots and moved my last lot's stop to breakeven. I trailed my stop to the low of the candle marked on the chart where I was eventually stopped out at 2674. It was a quick and painless trade and hopefully tomorrow's NFP report will give us more juice to have another winning trade. Cheers! ~Big Pippin
Results: +20 +31 -9(spread)= +42 pips
Well it was a good day for Alba as we had a pretty easy win. At 9:40 am EST we had an Alba signal/breakout which is usually a very good indication of a winning trade. I entered at the close of the 9:40 candle at 2643 with a stop at 2623 and a target at 2653. My target was hit at 10:00 am EST and I closed 2 lots and moved my last lot's stop to breakeven. I trailed my stop to the low of the candle marked on the chart where I was eventually stopped out at 2674. It was a quick and painless trade and hopefully tomorrow's NFP report will give us more juice to have another winning trade. Cheers! ~Big Pippin
Results: +20 +31 -9(spread)= +42 pips
Monday, May 01, 2006
Forex Trade- 5.01.06
4:00 pm EST- 2 Trades won
It was quite an interesting Monday as we saw more movement than normal on these days. With the economic reports providing the EUR/USD some juice, we had 2 great trades. The first trade was an Alba breakout which happened at 8:50 am EST. I entered 3 lots long at 2668 with a stop at 2639 and a target at 2686. My target was hit at 9:10 and I closed 2 lots and moved my last lot's stop to the low of that candle. I was stopped out the next candle at 2673. The 2nd trade came after the release of the better than expected numbers for Factory Orders and the ISM report. At 10:40 there was a great Alba signal and I entered 3 lots short at 2623 with a stop at 2669 and a target at 2600. My target was hit at 11:40 and I closed 2 lots and moved my last lot's stop to the high of that candle. I was stopped out at noon at 2612. As far as the long term trend goes, I'm still unsure where this pair will go in the next few weeks but the intra-day movements are still giving us some decent moves. Hopefully the rest of the week will be just as good as today, but of course that usually isn't the case :) Cheers! ~Big Pippin
Results:
1st trade: +36 +5 -9(spread)= +32 pips
2nd trade: +46 +11 -9(spread)= +48 pips
Total: +80 pips
It was quite an interesting Monday as we saw more movement than normal on these days. With the economic reports providing the EUR/USD some juice, we had 2 great trades. The first trade was an Alba breakout which happened at 8:50 am EST. I entered 3 lots long at 2668 with a stop at 2639 and a target at 2686. My target was hit at 9:10 and I closed 2 lots and moved my last lot's stop to the low of that candle. I was stopped out the next candle at 2673. The 2nd trade came after the release of the better than expected numbers for Factory Orders and the ISM report. At 10:40 there was a great Alba signal and I entered 3 lots short at 2623 with a stop at 2669 and a target at 2600. My target was hit at 11:40 and I closed 2 lots and moved my last lot's stop to the high of that candle. I was stopped out at noon at 2612. As far as the long term trend goes, I'm still unsure where this pair will go in the next few weeks but the intra-day movements are still giving us some decent moves. Hopefully the rest of the week will be just as good as today, but of course that usually isn't the case :) Cheers! ~Big Pippin
Results:
1st trade: +36 +5 -9(spread)= +32 pips
2nd trade: +46 +11 -9(spread)= +48 pips
Total: +80 pips
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