Technical Analysis

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 …

2:10 pm EST- 1 Trade Lost Well it was a case of the Monday blues for the Alba system today. At 10:40 am EST there was an Alba signal and I entered 3 lots long at 2840 with a stop at 2828 and a target at 2851. Unfortunately the market took us out of our …

It was a good week for Alba. Although we only had 3 trades, they were all winners. Hopefully we can continue this for the rest of the month! Monday: +24 Tuesday: +60 Wednesday: No trades Thursday: +72 Friday: No trades Total: +156 pips Total for May: +215 pips

4:00 pm EST- No Trades Well even with the Trade Balance and Consumer Sentiment report we didn’t have enough movement in the Euro to warrent a trade. You can see from the chart that the EUR/USD stayed within its range producing no trades for us today. At least we finished the week off positive. Have …

3:00 pm EST- 1 Trade won It was another great day for the Alba system. At 9:50 am EST there was an Alba signal/breakout and I entered 3 lots long at 2778 with a stop at 2748 and my target at 2797. My target was hit at 10:10 am EST and I closed 2 lots …

2:10 pm EST- No Trades There was very little movement in the EUR/USD today. I’m guessing traders were waiting for the FOMC meeting. Needless to say there were no Alba signals or breakouts today. Cheers! ~Big Pippin Results: +0 pips

3:45 pm EST- 1 Trade Won For the 2nd day and a row we’ve seen some pretty nice movement considering the lack of economic reports. The dollar lost some ground again and we saw an Alba breakout at 9:10 am EST. I entered 3 lots long at 2717 with a stop at 2690 and my …

2:35 pm EST- 1 Small Trade won Considering it was a Monday with no economic reports out, I was surprised to pull in a small win today. At 9:50 there was an Alba breakout and I entered 3 lots short at 2709 with a stop at 2747 and a target at 2690. The price came …

This is the trade record for the Alba system since July 2005

So you’ve finished reading all the content on BabyPips.com and want to get your feet wet and dive into the Forex? The Alba system is the perfect way for you to do just that. It’s a simple yet profitable system that requires no indicators and simply relies on price patterns to generate trade signals. We’ll …