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

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