Tuesday, July 18, 2006

Forex Trade- 7.18.06

7:50 pm EST- 1 Trade Won

Well with the plethora of economic reports today, the market gave us enough juice to grab a trade. At 10:00 am EST, there was an Alba signal and I entered 3 lots short at 2507 with a stop at 2547 and a target at 2486. My target was hit at 10:30 am EST and I closed 2 lots and moved my last lot's stop to the high of that candle. I trailed my last lot's stop to the high of the next candle which is where I was eventually stopped out at 11:00 am EST at 2493. Overall it was a decent day and I'm hoping we can have more trades like this during the rest of this month. Hope you all were able to grab some pips as well! Cheers! ~Big Pippin

Result: +42 +14 -9(spread)= +47 pips

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