The Alba System Journal- EUR/USD intraday system

[Big Pippin]

Alba Results for 5.01.06 - 5.05.06

Well it was a pretty decent start for Alba in the month of May. Hopefully we can keep it up the rest of the month.

Monday: +80
Tuesday: No trades
Wednesday: -63
Thursday: +42
Friday: No trades

Total: +59 pips


Total for May: +59 pips

 

[Big Pippin]

Forex Trade- 5.08.06- 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 close to hitting my target but didn't quite make it. By 2:00 pm, my target was still not hit so I decided to close my trade out at the close of the 2pm candle which was at 2698. On a day like this I was happy Alba was still able to give us some positive pips. Hope you all did well today. Cheers! ~Big Pippin

Results: +33 -9(spread)= +24 pips

 

[Big Pippin]

Forex Trade- 5.09.06- 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 target at 2730. My target was hit on the next candle and I closed 2 lots and moved my last lot's stop to breakeven. I trailed my last lot's stop all the way up to the low of the candle marked on the chart where I was eventually stopped out at 2760. It was another great day for Alba and I'm hoping with tomorrow's big events we'll see even more movement in this pair. Hope you all did well. Cheers! ~Big Pippin

Results: +26 +43 -9(spread)= +60 pips

 

[Big Pippin]

Forex Trade- 5.10.06- 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

 

[Big Pippin]

Forex Trade- 5.11.06- 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 and moved my last lot's stop to breakeven. I trailed my stop all the way up to the low of the candle marked on the chart where I was eventually stopped out at 2821. It's been a great week so far so hopefully tomorrow will bring us some pips to finish the week out strong. Hope you all did well. Cheers! ~Big Pippin

Results: +38 +43 -9(spread)= +72 pips

 

[Big Pippin]

Forex Trade- 5.12.06- 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 a great weekend everyone! ~Big Pippin

Results: +0 pips

 

[Big Pippin]

Alba Results for 5.08.06 - 5.12.06

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

 

[Big Pippin]

Forex Trade- 5.15.06- 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 misery quickly and stopped us out on the very next candle. A bad start to the week but as always I try to stay optimistic for the rest of the week Cheers! ~Big Pippin

Results: -36 -9(spread)= -45 pips

 

[Big Pippin]

Forex Trade- 5.16.06- 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 then enter a trade and lose I'm looking forward to a better rest of the week. Cheers! ~Big Pippin

Results: +0 pips

 

[Big Pippin]

Forex Trade- 5.16.06- 1 Trade Won

Well it was a very good day for the Alba system today. Core CPI was slightly higher than expected and we actually saw a rise in the EUR/USD. Shortly after the dollar gained strength and we got an Alba breakout at 9:40 am EST. I entered 3 lots short at 2844 with a stop at 2884 and a target at 2821. My target was hit at 10:20 am EST and I closed 2 lots and moved my stop to the high of that candle. I trailed my stop to the high of the candle marked on the chart which is where I was eventually stopped out at 2789. Let's hope we can keep this up for tomorrow. Hope you all did well. Cheers! ~Big Pippin

Results: +46 +55 -9(spread)= +92 pips

 

[Big Pippin]

Forex Trade- 5.18.06- 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 the last trading day for me. I will post this week's results sometime tomorrow. Hope you all have a great weekend! ~Big Pippin

Result: +0 pips

 

[Big Pippin]

Alba results for 5.15.06 - 5.19.06

Monday: -45
Tuesday: No trade
Wednesday: +92
Thursday: No trade
Friday: Out of town; no trade

Total: +47 pips

Total for May: +262 pips

 

[Big Pippin]

Forex Trade- 5.22.06- 1 Small 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 lots long at 2802 with a stop at 2786 and a target at 2811. My target was hit on the next candle and I closed 2 lots out and moved my last lot's stop to breakeven. Unfortunately that is where I got stopped out at on the very next candle. Hope you all did better than me today! Cheers, ~Big Pippin

Results: +18 +3 -9(spread)= +12 pips

 

[Big Pippin]

Forex Trade- 5.23.06- 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 bound market. Hope you all were able to stay out. Cheers! ~Big Pippin Results: +0 pips

Results: +0 pips

 

[Big Pippin]

Forex Trade- 5.24.06- 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 am EST there was an Alba breakout and I entered 3 lots short at 2755 with a stop at 2837 and a target at 2712. The price got as low as 2728 but didn't move far enough to hit my target. Because there was such a large move in both the EU and US session I decided that at 12pm EST it would be a good time to get out of the trade. I ended closing my trade out at breakeven. Hope you all were able to catch some of the big moves today. Cheers! ~Big Pippin

Results: +0 pips

 

[Big Pippin]

Forex Trade- 5.25.06- 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 and hopefully a trade will show up. Cheers! ~Big Pippin

Results: +0 pips

 

[Big Pippin]

Alba results for 5.22.06 - 5.25.06

It was a very small profit gain this week as we only had 1 trade which was a small winner. We did not trade on Friday because it was the day before the Memorial day weekend.

Monday: +12
Tuesday: No trade
Wednesday: No trade
Thursday: No trade
Friday: No trade- Day before Memorial Day

Total: +12 pips

Total for March: +274 pips

 

[Big Pippin]

Forex Trade- 5.30.06- 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, I did not see any other suitable entries and ended up staying out of the market for the rest of the day. Today was another good example of why I avoid trading during news events. I hope you all did ok today. Cheers! ~Big Pippin

Results: +0 pips

 

[Big Pippin]

Forex Trade- 5.31.06- 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

 

[Big Pippin]

Forex Trade- 6.01.06- 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 small profit and decided that it was best to get out because it seemed like the movement was done for the day. I ended up closing all 3 lots at the close of the 11:50 candle which was at 2821. Although it was just a few pips, I'm still glad I was able to avoid a loss. Hope you all did well. Cheers! ~Big Pippin

Results: +12 -9(spread)= +3 pips