Big Pippin

There is no trading today for me as it is a US holiday. I encourage all of you, especially the American traders, to take a break from trading today as today is a very special holiday. Let us remember those who gave their lives for our country so that we could have the life of …

This week’s results for the Alba system…

2:10 pm EST- No trades Well even with the GDP and Existing Home Sales report, the Euro still showed indecision as the price could neither break the EU high nor the EU low. It will be interesting to see what will happen tomorrow seeing as Monday is a US holiday. I will watch the markets …

2:00 pm EST- Breakeven trade Well it was quite a mover for the Euro today but I didn’t see any entries until later in the day. During the EU session the Euro made about a 100 pip move up and then during the US sesssion it dropped right back down another 100 pips. At 10:30 …

1:15 pm EST- No trades The Euro was pretty quiet today and it stayed within its range. Bernanke did cause some volatility but the movement still showed indecision as the Euro could not break through its high or low. Luckily for us, there were no signals or breakouts which kept us out of this range …

5:12 pm EST- 1 Trade Won Even though it wasn’t a big win, we were still able to manage a few pips with the Alba system. I was kind of disappointed we didn’t get more but I can’t complain about positive pips. There was an Alba breakout at 10:10 am EST and I entered 3 …

Monday: -45 Tuesday: No trade Wednesday: +92 Thursday: No trade Friday: Out of town; no trade Total: +47 pips Total for May: +262 pips

4:00 pm EST- No Trades Well even with Big Ben speaking today, the EUR/USD didn’t move that much we did have a break of the EU high but there were no good Alba breakouts so I did not have a trade. I will also not be trading tomorrow as I have plans so this was …

Pippin Aint Easy Trade Record Cumulative Stats   Total: +578 Pips Number of Trades: 38 Number of Wins: 24 Number of Losses: 13+1(breakeven) Win % 65% Average Win 47 Average Loss 43   May 2007   Apr 30 – May 4   7th-11th -60 21st-25th   28th – June 1st   Total: -60 Pips Number …

2:35 pm EST- No Trades Well although the PPI did cause some movement, there were no Alba signals or breakouts which kept us out of the market today. I’m not too worried about it because the market didn’t really make any big movements. Like I always say, I’d rather sit out and have no trade …