Forex Trade: 6.08.06

4:00 pm EST- 1 Trade Won

Well after the Unemployment claims we saw a nice move in the EUR/USD. I did not trade the actual news candle because I don’t like trading the news but I did see a good Alba breakout at 9:20 am EST and I entered 3 lots short at 2660 with a stop at 2725 and a target at 2627. My target was hit at 9:40 am EST and I closed 2 lots and moved my last lot’s stop to the high of that candle. I was stopped out on my last lot on the very next candle at 2641. Overall it was a very good trading day. I hope you all were able to catch some of that move. Cheers! ~Big Pippin

Results: +66 +19 -9(spread)= +76 pips

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