Forex Trade: 5.31.06

4:30 pm EST- 1 Trade Lost

Well unfortunately we took a small loss as the PMI report didn’t give the EUR/USD enough juice to give us a good trade. At 11:10 am EST there was an Alba breakout and I entered 3 lots short at 2824 with a stop at 2845 and my target at 2812. My target wasn’t hit by 12pm and I held onto the trade until 1pm. The market seemed to die down by then so I closed my trade out at 2828 which was the close of the 12:50 candle. Hopefully we’ll see a better day tomorrow. Cheers! ~Big Pippin

Results: -12 -9(spread)= -21 pips

EURUSD-5.31.06.jpg