Thursday, August 03, 2006

Forex Trade- 8.03.06

10:00 pm EST- 1 Trade Lost

Well unfortunately even with the Interest Rate announcement I wasn't able to grab any pips today. At the close of the 8:40 candle (8:50) I saw an Alba breakout and I entered 3 lots long at 2825 with a stop at 2788 and a target at 2847. The Euro could not move any higher and made a sharp reversal and stopped me out on all 3 lots at 10:50 am EST. It was a pretty bad loss today but it's still early in the month so we still have a lot of time to make up for it. Hope you all had a good trading day today. Cheers! ~Big Pippin

Results: -111 -9(spread)= -120 pips

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