Big Pippin

1:50 pm EST- No trades Well the Trade Balance and Import Prices caused a nice drop in the Euro but because it was a news candle, I did not trade it. After the news releases, the Euro moved back up within the EU session range and pretty much stayed there the rest of the day. …

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 …

6:00 pm EST- No Trades I thought that Al might make the market move today after his testimony but it turns out his magic is gone. We had a close breakout at 9:40 am EST but it didn’t quite meet our criteria. The market then moved back within the EU range and stayed there the …

3:10 pm EST- 1 Trade won Although there were no economic reports today, we did get a nice Alba breakout. At 8:10 am EST there was an Alba breakout and I entered 3 lots short at 2843 with a stop at 2864 and a target at 2830. My target was hit at 8:50 and I …

4:05 pm EST- No trades Like a typical Monday, there were no trades today. We did have the ISM Non Manufacturing report today but it didn’t cause any movement in the EUR/USD. We had a slight break of the EU low but it wasn’t enough to constitute a trade. Hopefully the rest of the week …

Well what a funny week it was. We didn’t have any really bad trades and we didn’t have any good trades. At the end of the week we ended up exactly where we started…..at breakeven! It’s kind of funny but I sure would like to make some pips next week 🙂 Monday: Memorial Day- No …

4:20 pm EST- 1 Small trade won Once again we had another day where we able to get out of trade that didn’t hit our target. After the NFP report we had a strong move upwards in the Euro which made a nice breakout of the EU session range. However because it was a news …

2:35 pm EST- 1 Very Small trade won After the low ISM numbers, the EUR shot up and at 10:50 we had an Alba breakout. I entered 3 lots long at 2817 with a stop at 2764 and a target at 2844. Unfortunately my target was not hit and by 12 noon I had a …

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 …

2:20 pm EST- No trades We saw an Alba breakout at 10:00 am EST but we did not enter because it was the Consumer confidence report candle. We realized that it’s not normally highly volatile event but because there was such a big drop it caused the market to move. After the news candle passed, …