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
Tuesday, June 27, 2006
Forex Trade - 06.27.06
2:55 pm EST- 1 Trade Lost
Well it was another tough day for the Alba system. There was a good Alba signal at 8:40 am EST and I entered 3 lots long at 2592 with a stop at 2569 and a target at 2604. Unfortunately my target was not hit by the time the Existing Home Sales and Consumer Confidence report came out and seeing that I don't like being in trades during news reports I closed all 3 lots at 10:00 am EST at 2587. In hindsight, had I stayed in the trade, my target would've been hit. Don't you hate that? Even though I lost and even though I see that my trade would've won had I stayed in, I am happy that I was able to stick to my rules even though it cost me some pips today. It's especially tough to follow your trading rules especially when you've been having an aberrant run. We are still negative for the month with only 3 days left. It doesn't look like I'll be able to pull up positive pips for this month but you never know. We'll have to wait and see what happens. Cheers! ~Big Pippin
Results: -15 -9(spread)= -24 pips
8:00 am EST - Analysis
Good morning! We have the US Existing Home Sales and Consumer confidence reports coming out at 10:00 am EST. Now, we saw a surprise rise in New Home Sales when the market was predicting a decline. If today's existing home sales number confirms a rise in home buying we should see a further rise in the US dollar. Please be very cautious during the release of these reports. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2615
EU Session Low: 1.2562
Well it was another tough day for the Alba system. There was a good Alba signal at 8:40 am EST and I entered 3 lots long at 2592 with a stop at 2569 and a target at 2604. Unfortunately my target was not hit by the time the Existing Home Sales and Consumer Confidence report came out and seeing that I don't like being in trades during news reports I closed all 3 lots at 10:00 am EST at 2587. In hindsight, had I stayed in the trade, my target would've been hit. Don't you hate that? Even though I lost and even though I see that my trade would've won had I stayed in, I am happy that I was able to stick to my rules even though it cost me some pips today. It's especially tough to follow your trading rules especially when you've been having an aberrant run. We are still negative for the month with only 3 days left. It doesn't look like I'll be able to pull up positive pips for this month but you never know. We'll have to wait and see what happens. Cheers! ~Big Pippin
Results: -15 -9(spread)= -24 pips
8:00 am EST - Analysis
Good morning! We have the US Existing Home Sales and Consumer confidence reports coming out at 10:00 am EST. Now, we saw a surprise rise in New Home Sales when the market was predicting a decline. If today's existing home sales number confirms a rise in home buying we should see a further rise in the US dollar. Please be very cautious during the release of these reports. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2615
EU Session Low: 1.2562
Monday, June 26, 2006
Forex Trade - 06.26.06
3:20 pm EST- No trade
Well, as expected, nothing much happened today with the EUR/USD. You can see from the chart that there was very little movement except when the New Home Sales report came out. It still wasn't enough movement for us to get a trade. Hopefully the rest of the week will be better. Cheers! ~Big Pippin
Result: +0 pips
8:00 am EST - Analysis
Good morning! It looks like a slow news day in the US with the only release at 10:00 am EST - New home sales. It's not expected to be much of a market mover, but be cautious during that time frame anyways, for volatility often creeps out of no where. We may see low volatility and liquidity until June 29th when the Fed decides to raise rates. It seems like 25 bps rate hike is expected, but some market analysts say we may even see a 50 bps...who knows. We'll just have to wait and see what happens. But for today, let's keep an eye out for any Alba signals, and let's be cautious during 10:00 am EST. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2579
EU Session Low: 1.2503
Well, as expected, nothing much happened today with the EUR/USD. You can see from the chart that there was very little movement except when the New Home Sales report came out. It still wasn't enough movement for us to get a trade. Hopefully the rest of the week will be better. Cheers! ~Big Pippin
Result: +0 pips
8:00 am EST - Analysis
Good morning! It looks like a slow news day in the US with the only release at 10:00 am EST - New home sales. It's not expected to be much of a market mover, but be cautious during that time frame anyways, for volatility often creeps out of no where. We may see low volatility and liquidity until June 29th when the Fed decides to raise rates. It seems like 25 bps rate hike is expected, but some market analysts say we may even see a 50 bps...who knows. We'll just have to wait and see what happens. But for today, let's keep an eye out for any Alba signals, and let's be cautious during 10:00 am EST. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2579
EU Session Low: 1.2503
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
Tuesday, June 20, 2006
Forex Trade - 06.20.06
2:20 pm EST- 1 Trade Lost
Days like today make losing hurt the most. Usually I can accept a loss with no problem because it's just a normal part of being a trader. However, today was one of those days where you know you were right in your trade, but the market moved just enough against you to briefly stop you out and then decided to go in the original direction you had hoped it would go in the first place. Today there was an Alba signal at 10:20 am EST and I entered 3 lots long. The presumption here was that the price had bounced off the EU low and would proceed to reach at least the EU high. I entered 3 lots at 2576 with a stop at 2558 and a target at 2587. At 11:40 am EST I was stopped out of my trade by 3 pips. And wouldn't you figure, right after I was stopped out, the market continued it's move toward the EU high and not only did it reach it, it ended up breaking out of the EU range late in the day. Sheesh! Everything looked good when I entered the trade, but sometimes things like this just happen. It would've been a nice win today but unfortunately now this loss has put us back to breakeven for the month. The Alba system has not had a negative month since its inception so these last 2 weeks will be interesting to watch. I will follow the system rules to a tee and hopefully the system will bring me back to positive pips for the month. Hope you all did ok today. For those of you who just trade the Alba breakouts, you lucked out of this one :) I wish I was you today. Cheers! ~Big Pippin
Result: -54 -9(spread)= -63 pips
8:00 am EST - Analysis
Good morning! Today we have a couple of US economic reports released at 8:30 am EST - Housing Starts and Building Permits. Housing Starts is the number of new single family homes constructed in the previous month, and it is the potential market mover today. The consensus number is at around 1.90 Million, and any number below that could cause a short term sell off in the dollar. Please be cautious during this time period. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2594
EU Session Low: 1.2550
Days like today make losing hurt the most. Usually I can accept a loss with no problem because it's just a normal part of being a trader. However, today was one of those days where you know you were right in your trade, but the market moved just enough against you to briefly stop you out and then decided to go in the original direction you had hoped it would go in the first place. Today there was an Alba signal at 10:20 am EST and I entered 3 lots long. The presumption here was that the price had bounced off the EU low and would proceed to reach at least the EU high. I entered 3 lots at 2576 with a stop at 2558 and a target at 2587. At 11:40 am EST I was stopped out of my trade by 3 pips. And wouldn't you figure, right after I was stopped out, the market continued it's move toward the EU high and not only did it reach it, it ended up breaking out of the EU range late in the day. Sheesh! Everything looked good when I entered the trade, but sometimes things like this just happen. It would've been a nice win today but unfortunately now this loss has put us back to breakeven for the month. The Alba system has not had a negative month since its inception so these last 2 weeks will be interesting to watch. I will follow the system rules to a tee and hopefully the system will bring me back to positive pips for the month. Hope you all did ok today. For those of you who just trade the Alba breakouts, you lucked out of this one :) I wish I was you today. Cheers! ~Big Pippin
Result: -54 -9(spread)= -63 pips
8:00 am EST - Analysis
Good morning! Today we have a couple of US economic reports released at 8:30 am EST - Housing Starts and Building Permits. Housing Starts is the number of new single family homes constructed in the previous month, and it is the potential market mover today. The consensus number is at around 1.90 Million, and any number below that could cause a short term sell off in the dollar. Please be cautious during this time period. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2594
EU Session Low: 1.2550
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
Tuesday, June 13, 2006
Forex Trade - 06.13.06
3:15 pm EST- No trades
Well even with the news reports today we still saw some indecision in the EUR/USD during our session today. We had a pretty good Alba signal at 9:40 am EST but the price closed right at the EU high which is why we didn't enter. Other than that close trade the market pretty much stayed within the EU session range which prevented us from trading today. Hope you all did ok. Cheers! ~Big Pippin
Results: +0 pips
8:00 am EST - Analysis
Good morning! We have a few major economic releases at 8:30 am EST with US Producer Price Index and Retail Sales. At the same time, Fed Chair Ben Bernanke will be speaking on consumer issues in Washington. The main concern of the Federal Reserve has been inflation, and this morning reports should provide an insight to what they may do with the rate decision at the end of the month. High volatility is expected by the market, so please be very cautious this morning. Good luck and good trading! ~ Pipcrawler
EU Session High: 1.2606
EU Session Low: 1.2557
Well even with the news reports today we still saw some indecision in the EUR/USD during our session today. We had a pretty good Alba signal at 9:40 am EST but the price closed right at the EU high which is why we didn't enter. Other than that close trade the market pretty much stayed within the EU session range which prevented us from trading today. Hope you all did ok. Cheers! ~Big Pippin
Results: +0 pips
8:00 am EST - Analysis
Good morning! We have a few major economic releases at 8:30 am EST with US Producer Price Index and Retail Sales. At the same time, Fed Chair Ben Bernanke will be speaking on consumer issues in Washington. The main concern of the Federal Reserve has been inflation, and this morning reports should provide an insight to what they may do with the rate decision at the end of the month. High volatility is expected by the market, so please be very cautious this morning. Good luck and good trading! ~ Pipcrawler
EU Session High: 1.2606
EU Session Low: 1.2557
Monday, June 12, 2006
Forex Trade - 06.12.06
2:00 pm EST- No trades
In typical Monday fashion, the market moved very little today. From the chart, you can see that the price stayed within the EU session's range. So no trades for today but I'm sure things will pick up during the rest of this week. Cheers! ~Big Pippin
Results: +0 pips
8:00 am EST - Analysis
Good morning! No major economic news to report today, but we do have Fed speak throughout the day. At 9:15 am EST, Cleveland Fed President Pianalto will be speaking at a monetary policy conference and Dallas Fed President Fisher will be speaking on global policy at 10:30 am EST. So, it looks like we may have another typical Monday in the forex market with the lack of news reports. Stay on your toes for any surprises and always remember the Alba rules. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2650
EU Session Low: 1.2575
In typical Monday fashion, the market moved very little today. From the chart, you can see that the price stayed within the EU session's range. So no trades for today but I'm sure things will pick up during the rest of this week. Cheers! ~Big Pippin
Results: +0 pips
8:00 am EST - Analysis
Good morning! No major economic news to report today, but we do have Fed speak throughout the day. At 9:15 am EST, Cleveland Fed President Pianalto will be speaking at a monetary policy conference and Dallas Fed President Fisher will be speaking on global policy at 10:30 am EST. So, it looks like we may have another typical Monday in the forex market with the lack of news reports. Stay on your toes for any surprises and always remember the Alba rules. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2650
EU Session Low: 1.2575
Friday, June 09, 2006
Forex Trade - 06.09.06
1:50 pm EST- No trades
Well the Trade Balance and Import Prices caused a nice drop in the Euro but because it was a news candle, I did not trade it. After the news releases, the Euro moved back up within the EU session range and pretty much stayed there the rest of the day. Luckily, we were able to stay out of the market today as the Euro jumped up and down the whole day. It will be interesting to see where it will go next week. Have a great weekend! ~Big Pippin
Results: +0 pips
8:00 am EST - Analysis
Good morning! We have the montly US Trade Balance and Import prices report this morning at 8:30 am EST. The Trade Balance is the measure of difference between total imports and total exports. It has a significant impact on a country's GDP, so it has the potential to be very volatile. Consensus is around -65B versus the previous number at -62B. Any surprise or revision of earlier numbers should cause some volatility. Also, we have Big Ben Bernanke speaking at 11:00 am EST. Any comments on inflation or interest rates should cause a stir in the market, but probably won't filter to the market during our trading session. Good luck, good trading, and have a great weekend!! ~Pipcrawler
EU Session High: 1.2672
EU Session Low: 1.2625
Well the Trade Balance and Import Prices caused a nice drop in the Euro but because it was a news candle, I did not trade it. After the news releases, the Euro moved back up within the EU session range and pretty much stayed there the rest of the day. Luckily, we were able to stay out of the market today as the Euro jumped up and down the whole day. It will be interesting to see where it will go next week. Have a great weekend! ~Big Pippin
Results: +0 pips
8:00 am EST - Analysis
Good morning! We have the montly US Trade Balance and Import prices report this morning at 8:30 am EST. The Trade Balance is the measure of difference between total imports and total exports. It has a significant impact on a country's GDP, so it has the potential to be very volatile. Consensus is around -65B versus the previous number at -62B. Any surprise or revision of earlier numbers should cause some volatility. Also, we have Big Ben Bernanke speaking at 11:00 am EST. Any comments on inflation or interest rates should cause a stir in the market, but probably won't filter to the market during our trading session. Good luck, good trading, and have a great weekend!! ~Pipcrawler
EU Session High: 1.2672
EU Session Low: 1.2625
Thursday, June 08, 2006
Forex Trade - 06.08.06
4:00 pm EST- 1 Trade Won
Well after the Unemployment claims we saw a nice move in the EUR/USD. I did not trade the actual news candle because I don't like trading the news but I did see a good Alba breakout at 9:20 am EST and I entered 3 lots short at 2660 with a stop at 2725 and a target at 2627. My target was hit at 9:40 am EST and I closed 2 lots and moved my last lot's stop to the high of that candle. I was stopped out on my last lot on the very next candle at 2641. Overall it was a very good trading day. I hope you all were able to catch some of that move. Cheers! ~Big Pippin
Results: +66 +19 -9(spread)= +76 pips
8:00 am EST - Analysis
Good morning! This morning the ECB raised interest rates by 25 basis points, as expected, to 2.75%. After the release the EUR/USD dropped off, and at the moment we see stalling around the 1.2725 level. Traders will now wait to hear from ECB president Trichet comment at 12:15 pm EST for any hints of possible future rate hikes.
We do have economic news in the US today with weekly Unemployment claims at 8:30 am EST. Also, Fed Governer Kohn will be speaking today at 10:00 am EST on his nomination to Vice Chairman.
Hopefully, we see enough volatility for the day to trigger an Alba signal or breakout. Keep your eyes open! Good luck and good trading! ~Pipcrawler
EU Session High: 1.2800
EU Session Low: 1.2727
Well after the Unemployment claims we saw a nice move in the EUR/USD. I did not trade the actual news candle because I don't like trading the news but I did see a good Alba breakout at 9:20 am EST and I entered 3 lots short at 2660 with a stop at 2725 and a target at 2627. My target was hit at 9:40 am EST and I closed 2 lots and moved my last lot's stop to the high of that candle. I was stopped out on my last lot on the very next candle at 2641. Overall it was a very good trading day. I hope you all were able to catch some of that move. Cheers! ~Big Pippin
Results: +66 +19 -9(spread)= +76 pips
8:00 am EST - Analysis
Good morning! This morning the ECB raised interest rates by 25 basis points, as expected, to 2.75%. After the release the EUR/USD dropped off, and at the moment we see stalling around the 1.2725 level. Traders will now wait to hear from ECB president Trichet comment at 12:15 pm EST for any hints of possible future rate hikes.
We do have economic news in the US today with weekly Unemployment claims at 8:30 am EST. Also, Fed Governer Kohn will be speaking today at 10:00 am EST on his nomination to Vice Chairman.
Hopefully, we see enough volatility for the day to trigger an Alba signal or breakout. Keep your eyes open! Good luck and good trading! ~Pipcrawler
EU Session High: 1.2800
EU Session Low: 1.2727
Wednesday, June 07, 2006
Forex Trade - 06.07.06
6:00 pm EST- No Trades
I thought that Al might make the market move today after his testimony but it turns out his magic is gone. We had a close breakout at 9:40 am EST but it didn't quite meet our criteria. The market then moved back within the EU range and stayed there the rest of the day. Hopefully the rest of the week will be a little better. Cheers! ~Big Pippin
Results: +0 pips
8:00 am EST - Analysis
Good morning! It looks like the only potential market moving moving report today is at 10:00 am EST, EIA weekly crude oil inventories. Also, former Fed Chair Greenspan will be testifying before the senate today on oil and the US economy at 9:00 am EST. So, please be cautious and on the lookout for potential volatility at those times. Unless we see a surprise I think traders will be cautious before the ECB interest rate statement tomorrow. Stay focused, remember the Alba rules, good luck and good trading! ~ Pipcrawler
EU Session High: 1.2826
EU Session Low: 1.2770
Tuesday, June 06, 2006
Forex Trade - 06.06.06
3:10 pm EST- 1 Trade won
Although there were no economic reports today, we did get a nice Alba breakout. At 8:10 am EST there was an Alba breakout and I entered 3 lots short at 2843 with a stop at 2864 and a target at 2830. My target was hit at 8:50 and I closed 2 lots and moved my last lot's stop to the high of that candle. I was stopped out on my last lot on the next candle at 2839. It wasn't a big win, but considering there wasn't any news today, I was pretty happy with today's win. Cheers! ~Big Pippin
Result: +26 +4 -9(spread)= +21 pips
8:00 am EST - Analysis
Good Morning! No major economic reports coming out today during our trading session. EUR/USD is currently trading near the euro session low, and usually on days without news reports we don't see enough volatility for a breakout or Alba signal, but you never know. Just stay focused, and keep an eye out because you always have to be ready for the market gives you. Especially now, after Bernanke's hawkish comments, the market will be on the lookout for any comments from the Fed or from the ECB on the upcoming rate decisions. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2935
EU Session Low: 1.2858
Although there were no economic reports today, we did get a nice Alba breakout. At 8:10 am EST there was an Alba breakout and I entered 3 lots short at 2843 with a stop at 2864 and a target at 2830. My target was hit at 8:50 and I closed 2 lots and moved my last lot's stop to the high of that candle. I was stopped out on my last lot on the next candle at 2839. It wasn't a big win, but considering there wasn't any news today, I was pretty happy with today's win. Cheers! ~Big Pippin
Result: +26 +4 -9(spread)= +21 pips
8:00 am EST - Analysis
Good Morning! No major economic reports coming out today during our trading session. EUR/USD is currently trading near the euro session low, and usually on days without news reports we don't see enough volatility for a breakout or Alba signal, but you never know. Just stay focused, and keep an eye out because you always have to be ready for the market gives you. Especially now, after Bernanke's hawkish comments, the market will be on the lookout for any comments from the Fed or from the ECB on the upcoming rate decisions. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2935
EU Session Low: 1.2858
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
Forex Trade - 06.02.06
4:20 pm EST- 1 Small trade won
Once again we had another day where we able to get out of trade that didn't hit our target. After the NFP report we had a strong move upwards in the Euro which made a nice breakout of the EU session range. However because it was a news candle, I did not take it. I waited until I got another breakout which happened at 8:50 and I entered 3 lots long at 2923 with a stop at 2830 and a target at 2978. Unfortunately the movement seemed to be over and the price just hovered around that area and stayed there throughout the day. Because the NFP is such a big mover I held my trade longer than normal and finally closed out at the close of the 2pm candle at 2932 because I was able to get out with a small profit. It's been a weird week and I'm hoping the market will give us some good trades next week. Have a great weekend everyone. Cheers! ~Big Pippin
Results: +27 -9(spread)= +18 pips
8:00 am EST - Analysis
Good morning! Well, it's the first Friday of the month, so you know what that means...US Non-Farm Payroll report!! Yes, once again we have the monster market moving report coming out at 8:30 am EST. This is the measure of new jobs created in the previous month. Many traders look to this gauge the health of a country's economy. Consensus is at 180K versus the previous number of 138K. Alba traders, please wait 20 - 30 minutes after this report is release to enter at trade. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2828
EU Session Low: 1.2797
Once again we had another day where we able to get out of trade that didn't hit our target. After the NFP report we had a strong move upwards in the Euro which made a nice breakout of the EU session range. However because it was a news candle, I did not take it. I waited until I got another breakout which happened at 8:50 and I entered 3 lots long at 2923 with a stop at 2830 and a target at 2978. Unfortunately the movement seemed to be over and the price just hovered around that area and stayed there throughout the day. Because the NFP is such a big mover I held my trade longer than normal and finally closed out at the close of the 2pm candle at 2932 because I was able to get out with a small profit. It's been a weird week and I'm hoping the market will give us some good trades next week. Have a great weekend everyone. Cheers! ~Big Pippin
Results: +27 -9(spread)= +18 pips
8:00 am EST - Analysis
Good morning! Well, it's the first Friday of the month, so you know what that means...US Non-Farm Payroll report!! Yes, once again we have the monster market moving report coming out at 8:30 am EST. This is the measure of new jobs created in the previous month. Many traders look to this gauge the health of a country's economy. Consensus is at 180K versus the previous number of 138K. Alba traders, please wait 20 - 30 minutes after this report is release to enter at trade. Good luck and good trading! ~Pipcrawler
EU Session High: 1.2828
EU Session Low: 1.2797
Thursday, June 01, 2006
Forex Trade - 06.01.06
2:35 pm EST- 1 Very Small trade won
After the low ISM numbers, the EUR shot up and at 10:50 we had an Alba breakout. I entered 3 lots long at 2817 with a stop at 2764 and a target at 2844. Unfortunately my target was not hit and by 12 noon I had a small profit and decided that it was best to get out because it seemed like the movement was done for the day. I ended up closing all 3 lots at the close of the 11:50 candle which was at 2821. Although it was just a few pips, I'm still glad I was able to avoid a loss. Hope you all did well. Cheers! ~Big Pippin
Results: +12 -9(spread)= +3 pips
8:00 am EST - Analysis
Good morning! We have quite a few US economic releases today. Most notably, the Nonfarm Productivity and weekly Jobless Claims report at 8:30 am EST and the ISM Manufacturing report at 10:00 am EST. Please be cautious at those times for we may see volatility and/or false breakouts. With the NFP report being released tomorrow, we usually see muted trading conditions as traders are cautious before the release of this volatile report. Remember the rules of the Alba and let's stick with them! Good luck and good trading! ~Pipcrawler
EU Session High: 1.2803
EU Session Low: 1.2737
After the low ISM numbers, the EUR shot up and at 10:50 we had an Alba breakout. I entered 3 lots long at 2817 with a stop at 2764 and a target at 2844. Unfortunately my target was not hit and by 12 noon I had a small profit and decided that it was best to get out because it seemed like the movement was done for the day. I ended up closing all 3 lots at the close of the 11:50 candle which was at 2821. Although it was just a few pips, I'm still glad I was able to avoid a loss. Hope you all did well. Cheers! ~Big Pippin
Results: +12 -9(spread)= +3 pips
8:00 am EST - Analysis
Good morning! We have quite a few US economic releases today. Most notably, the Nonfarm Productivity and weekly Jobless Claims report at 8:30 am EST and the ISM Manufacturing report at 10:00 am EST. Please be cautious at those times for we may see volatility and/or false breakouts. With the NFP report being released tomorrow, we usually see muted trading conditions as traders are cautious before the release of this volatile report. Remember the rules of the Alba and let's stick with them! Good luck and good trading! ~Pipcrawler
EU Session High: 1.2803
EU Session Low: 1.2737
Subscribe to:
Posts (Atom)
