Well we finished the week slightly positive but it wasn't enough to bring us back to positive pips for the month. This is the first negative month that Alba has had since inception so I'm not too worried. I knew had to happen sometime but it still stinks to lose :) Hope you all did better than me!
Monday: No trade
Tuesday: -24
Wednesday: +22
Thursday: No trade
Friday: +16
Total: +14 pips
Total for June: -60 pips
Friday, June 30, 2006
Forex Trade- 6.30.06
2:10 pm EST- 1 Trade Won
Well today we were able to manage another small win. However, I looked back and realized that I messed up on my trade. I entered at the right spot but my target and stop were wrong. Either way I would've won but I still want to note that I made a mistake in today's trade so hopefully I don't do it again :) The news releases at 8:30 am EST caused a breakout but because it was a news candle I did not enter. At 9:10 am EST I saw an Alba signal/breakout and I entered 3 lots long at 2757 with a stop at 2741 and a target at 2768. I knew that the PMI report was coming out at 10:00 am EST so I made a decision that if I was in the money by the time of the news release I would exit my trade but if I was negative I would just hold it and hope for the best. At 9:40 am EST my target was hit and I closed 2 lots and moved my last lot's stop to breakeven where I was stopped out on the very next candle. So it was a small win and certainly not enough to bring me back to positive for the month but at least we ended the month on a good note. Here's to better month...Cheers! ~Big Pippin
Result: +22 +3 -9(spread)= +16 pips
Well today we were able to manage another small win. However, I looked back and realized that I messed up on my trade. I entered at the right spot but my target and stop were wrong. Either way I would've won but I still want to note that I made a mistake in today's trade so hopefully I don't do it again :) The news releases at 8:30 am EST caused a breakout but because it was a news candle I did not enter. At 9:10 am EST I saw an Alba signal/breakout and I entered 3 lots long at 2757 with a stop at 2741 and a target at 2768. I knew that the PMI report was coming out at 10:00 am EST so I made a decision that if I was in the money by the time of the news release I would exit my trade but if I was negative I would just hold it and hope for the best. At 9:40 am EST my target was hit and I closed 2 lots and moved my last lot's stop to breakeven where I was stopped out on the very next candle. So it was a small win and certainly not enough to bring me back to positive for the month but at least we ended the month on a good note. Here's to better month...Cheers! ~Big Pippin
Result: +22 +3 -9(spread)= +16 pips
Thursday, June 29, 2006
Forex Trade- 6.29.06
4:15 pm EST- No trades
Today was a pretty quiet day as the Euro stayed within the EU range during our trading hours. We did almost have an Alba signal but it was too close to the EU high for us to take. I'm guessing that the lack of movement was due to traders anticipating the interest rate decision by the FOMC later in the day. After the interest rate decision was announced there was a nice move in the EUR/USD. Unfortunately our trading day was already finished. Hopefully we can get one more win tomorrow and close the month out on a good not. Cheers! ~Big Pippin
Results: +0 pips
Today was a pretty quiet day as the Euro stayed within the EU range during our trading hours. We did almost have an Alba signal but it was too close to the EU high for us to take. I'm guessing that the lack of movement was due to traders anticipating the interest rate decision by the FOMC later in the day. After the interest rate decision was announced there was a nice move in the EUR/USD. Unfortunately our trading day was already finished. Hopefully we can get one more win tomorrow and close the month out on a good not. Cheers! ~Big Pippin
Results: +0 pips
Wednesday, June 28, 2006
Forex Trade- 6.28.06
3:35 pm EST- 1 Trade Won
Well finally Alba was able to pull a win today. It wasn't a big one but it sure does feel better to finally win after a string of losses! I knew that Crude inventories were coming out at 10:30 am EST but I viewed as a minor news event so I was planning to still trade. However, if I didn't have a trade and Crude inventories came out with a surprise and caused a volatile candle (30 or pips range) then I would've waited at least 20 minutes after before entering a trade. Today the trade came right before the report and I still entered. Luckily it worked out in my favor today. At 10:20 am EST there was an Alba breakout and I entered 3 lots short at 2534 with a stop at 2555 and a target at 2520. My target was hit on the 10:30 candle and I closed 2 lots and moved my last lot's stop to breakeven. I didn't see a good time to trail my stop so I left it at breakeven and unfortunately that's where I was stopped out on my last lot. We're still negative for the month, but at least we're gaining back some of our losses. Hope you all did well today. Cheers! ~Big Pippin
Results: +28 +3 -9(spread)= +22 pips
Well finally Alba was able to pull a win today. It wasn't a big one but it sure does feel better to finally win after a string of losses! I knew that Crude inventories were coming out at 10:30 am EST but I viewed as a minor news event so I was planning to still trade. However, if I didn't have a trade and Crude inventories came out with a surprise and caused a volatile candle (30 or pips range) then I would've waited at least 20 minutes after before entering a trade. Today the trade came right before the report and I still entered. Luckily it worked out in my favor today. At 10:20 am EST there was an Alba breakout and I entered 3 lots short at 2534 with a stop at 2555 and a target at 2520. My target was hit on the 10:30 candle and I closed 2 lots and moved my last lot's stop to breakeven. I didn't see a good time to trail my stop so I left it at breakeven and unfortunately that's where I was stopped out on my last lot. We're still negative for the month, but at least we're gaining back some of our losses. Hope you all did well today. Cheers! ~Big Pippin
Results: +28 +3 -9(spread)= +22 pips
Friday, June 23, 2006
Alba Results for 6.19.06 - 6.23.06
Forex Trade- 6.23.06
2:40 pm EST- 1 Trade Lost
Well unfortunately this week ended on a bad note. After the Durable Goods report, there was an Alba breakout and I entered 3 lots short at 2478 with a stop at 2500 and a target at 2466. I was stopped out on all 3 lots at 9:00 am EST. It hasn't been a good 2 weeks for Alba and I'm hoping I can make up some ground next week. I'm kind of anxious because I haven't had a negative month yet with this system so this could be a first. I will stick to the rules and not force any trades next week. Hopefully everything will work out :) Have a great weekend everyone. Cheers! ~Big Pippin
Result: -66 -9(spread)= -75 pips
Well unfortunately this week ended on a bad note. After the Durable Goods report, there was an Alba breakout and I entered 3 lots short at 2478 with a stop at 2500 and a target at 2466. I was stopped out on all 3 lots at 9:00 am EST. It hasn't been a good 2 weeks for Alba and I'm hoping I can make up some ground next week. I'm kind of anxious because I haven't had a negative month yet with this system so this could be a first. I will stick to the rules and not force any trades next week. Hopefully everything will work out :) Have a great weekend everyone. Cheers! ~Big Pippin
Result: -66 -9(spread)= -75 pips
Thursday, June 22, 2006
Forex Trade- 6.22.06
2:15 pm EST- 1 Small trade won
Today was one of those days where I wish I was trading during the EU session. What a nice move the Euro made during its session. Unfortunately the move was pretty much exhausted during the US session but we did still manage to get a small trade out of it. At 9:20 am EST there was an Alba signal/breakout and I entered 3 lots short at 2565 with a stop at 2582 and a target at 2556. My target was hit at 10:10 am EST and I closed 2 lots and moved my last lot's stop to breakeven. I was stopped out on my last lot on the very next candle. So overall it wasn't a big win and of course I would've liked to have grabbed more pips from the EU session but you can't get them all :) For all you EU session traders, I hope you were able to grab some pips from that nice move. Cheers! ~Big Pippin
Result: +18 +3 -9(spread)= +12 pips
Today was one of those days where I wish I was trading during the EU session. What a nice move the Euro made during its session. Unfortunately the move was pretty much exhausted during the US session but we did still manage to get a small trade out of it. At 9:20 am EST there was an Alba signal/breakout and I entered 3 lots short at 2565 with a stop at 2582 and a target at 2556. My target was hit at 10:10 am EST and I closed 2 lots and moved my last lot's stop to breakeven. I was stopped out on my last lot on the very next candle. So overall it wasn't a big win and of course I would've liked to have grabbed more pips from the EU session but you can't get them all :) For all you EU session traders, I hope you were able to grab some pips from that nice move. Cheers! ~Big Pippin
Result: +18 +3 -9(spread)= +12 pips
Wednesday, June 21, 2006
Forex Trade- 6.21.06
2:15 pm EST- No Trades
Well it was another boring day in the market. I watched as the Euro hovered around the EU high teasing us of a breakout. At 12:00 pm EST there was an Alba breakout but because it was outside of my trading time. It's unfortunate because that trade would've won. Had it been a candle earlier, I would've entered, but I'm sticking to my rules and I know there will be other trades. Hope you all did well today. Cheers! ~Big Pippin
Results: +0 pips
Well it was another boring day in the market. I watched as the Euro hovered around the EU high teasing us of a breakout. At 12:00 pm EST there was an Alba breakout but because it was outside of my trading time. It's unfortunate because that trade would've won. Had it been a candle earlier, I would've entered, but I'm sticking to my rules and I know there will be other trades. Hope you all did well today. Cheers! ~Big Pippin
Results: +0 pips
Monday, June 19, 2006
Forex Trade- 6.19.06
2:10 pm EST- 1 Trade Won
Unlike our normal, mundane Mondays, we actually had a winning trade today. Although there were no major economic reports out today, the market moved just enough for us to grab some pips. At 8:50 am EST, there was an Alba breakout and I entered 3 lots short at 2567 with a stop at 2585 and a target at 2558. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to breakeven. I was stopped out on my 3rd lot at breakeven at 9:30 am EST. So it wasn't a big win but at least we started off the week on a good note. Cheers! ~Big Pippin
Results: +18 +3 (-9 spread)= +12 pips
Unlike our normal, mundane Mondays, we actually had a winning trade today. Although there were no major economic reports out today, the market moved just enough for us to grab some pips. At 8:50 am EST, there was an Alba breakout and I entered 3 lots short at 2567 with a stop at 2585 and a target at 2558. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to breakeven. I was stopped out on my 3rd lot at breakeven at 9:30 am EST. So it wasn't a big win but at least we started off the week on a good note. Cheers! ~Big Pippin
Results: +18 +3 (-9 spread)= +12 pips
Alba Results for 6.12.06 - 6.16.06
Well it was a pretty boring week as far as # of trades goes, but considering the choppiness of the market this past week, I think it was for the better that we stayed out of a lot of trades. We did end up with a small loss this week, but I looked back at my chart on Friday and it looks like if I had traded we would of ended up with a win and would've finished the week at about breakeven. Hopefully this week will be more exciting and maybe we'll actually pull some pips in!
Monday: No trades
Tuesday: No trades
Wednesday: -57 pips
Thursday: No trades
Friday: Did not trade
Total: -57 pips
Total for June: +40 pips
Monday: No trades
Tuesday: No trades
Wednesday: -57 pips
Thursday: No trades
Friday: Did not trade
Total: -57 pips
Total for June: +40 pips
Thursday, June 15, 2006
Forex Trade- 6.15.06
3:35 pm EST- No trades
Once again the market showed alot of indecision today during the US session. After the jobless claims at 8:30, the Euro spiked down only to reverse back up and spike above the EU high after the TIC data report. Luckily there were no Alba breakouts or signals which once again saved us from making any bad trades today. This week has showed a lot of indecision and it might not be until next week before we see some clear direction. I will not be trading tomorrow as I have a doctors appointment and other errands I have to run during the day. I will post the weeks results by the end of this weekend. Have a great weekend everyone! ~Big Pippin
Results: +0 pips
Once again the market showed alot of indecision today during the US session. After the jobless claims at 8:30, the Euro spiked down only to reverse back up and spike above the EU high after the TIC data report. Luckily there were no Alba breakouts or signals which once again saved us from making any bad trades today. This week has showed a lot of indecision and it might not be until next week before we see some clear direction. I will not be trading tomorrow as I have a doctors appointment and other errands I have to run during the day. I will post the weeks results by the end of this weekend. Have a great weekend everyone! ~Big Pippin
Results: +0 pips
Wednesday, June 14, 2006
Forex Trade- 6.14.06
4:35 pm EST- 1 Trade Lost
Unfortunately, things did not go our way today. Although the market showed good volatility, it still displayed big indecision. We almost had a short breakout after the CPI report but luckily all of our criteria was not met which kept us out of the trade. The Euro then reversed and we ended up getting a long breakout. I entered on an Alba breakout at 9:20 am EST at 1.2642 with a stop at 1.2569 and a target at 1.2680. Unfortunately the movement was finished and the price pretty much stayed in place. At 1:00 pm EST the price still had not hit my target and I decided to cut my losses and closed my trade out at 1.2626. Hopefully tomorrow will be better. Hope you all did well today. Cheers! ~Big Pippin
Results: -48 -9(spread)= -57 pips
Unfortunately, things did not go our way today. Although the market showed good volatility, it still displayed big indecision. We almost had a short breakout after the CPI report but luckily all of our criteria was not met which kept us out of the trade. The Euro then reversed and we ended up getting a long breakout. I entered on an Alba breakout at 9:20 am EST at 1.2642 with a stop at 1.2569 and a target at 1.2680. Unfortunately the movement was finished and the price pretty much stayed in place. At 1:00 pm EST the price still had not hit my target and I decided to cut my losses and closed my trade out at 1.2626. Hopefully tomorrow will be better. Hope you all did well today. Cheers! ~Big Pippin
Results: -48 -9(spread)= -57 pips
Friday, June 09, 2006
Monday, June 05, 2006
Forex Trade- 6.05.06
4:05 pm EST- No trades
Like a typical Monday, there were no trades today. We did have the ISM Non Manufacturing report today but it didn't cause any movement in the EUR/USD. We had a slight break of the EU low but it wasn't enough to constitute a trade. Hopefully the rest of the week will be better. Cheers! ~ Big Pippin
Results: +0 pips
Friday, June 02, 2006
Alba results for 5.29.06 - 6.02.06
Well what a funny week it was. We didn't have any really bad trades and we didn't have any good trades. At the end of the week we ended up exactly where we started.....at breakeven! It's kind of funny but I sure would like to make some pips next week :)
Monday: Memorial Day- No trades
Tuesday: No trade
Wednesday: -21
Thursday: +3
Friday: +18
Total: +0 pips
Total for June: +0 pips
Monday: Memorial Day- No trades
Tuesday: No trade
Wednesday: -21
Thursday: +3
Friday: +18
Total: +0 pips
Total for June: +0 pips
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