Monday, July 10, 2006

Forex Trade- 7.10.06

2:20 pm EST- 1 Trade Lost

Well unfortunately today was not a good start to the week. Early on the market teased us of a short trade as the Euro hovered around the EU session low. It wasn't until 9:30 am EST that I saw a good Alba breakout. I entered 3 lots short at 2723 with a stop at 2738 and a target at 2715. Unfortunately the Euro did not continue to head down and retraced just enough to stop us out. It wasn't a huge loss but I would've much rather had a win today. It's still early in the week so I'm hoping we can make up some ground in the next few days. Cheers! ~Big Pippin

Results: -45 -9(spread)= -54 pips

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