Thursday, July 13, 2006

Forex Trade- 7.13.06

4:15 pm EST- 1 Trade Lost

Unfortunately today was another loss for the Alba system. It seems we just can't get out of this slump. I kind of had a bad feeling about the trade just because it happened so late and there weren't that many fundamental reports out today. However, I stuck to the rules and entered accordingly. At 11:10 am EST there was an Alba breakout and I entered 3 lots short at 2666 with a stop at 2709 and a target at 2643. By 12:30 pm EST, my target was still not hit and I decided to cut my losses and closed all 3 lots out at 2674. We have a few economic reports tomorrow so hopefully we'll see some movement and can grab some pips. Happy trading everyone! ~Big Pippin

Results: -24 -9(spread)= -33 pips

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