The Alba System Journal- EUR/USD intraday system

[Big Pippin]

Forex Trade- 7.13.06 - 1 Trade Lost

Unfortunately today was another loss for the Alba system. It seems we just can't get out of this slump. I kind of had a bad feeling about the trade just because it happened so late and there weren't that many fundamental reports out today. However, I stuck to the rules and entered accordingly. At 11:10 am EST there was an Alba breakout and I entered 3 lots short at 2666 with a stop at 2709 and a target at 2643. By 12:30 pm EST, my target was still not hit and I decided to cut my losses and closed all 3 lots out at 2674. We have a few economic reports tomorrow so hopefully we'll see some movement and can grab some pips. Happy trading everyone! ~Big Pippin

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

 

[Big Pippin]

Forex Trade- 7.14.06 - No Trade

Well today was full of economic reports but unfortunately I didn't see any good entry points. It wasn't until 9:45-10:00 am EST that I came close to taking a trade. Consumer sentiment was only marked as a yellow event on Forex Factory, but because I wasn't in a trade, I waited to see what the 9:40 and 9:50 candle would do. At 9:50 we saw a big move which caused a breakout. Because this move was volatile, I treated it as if it were a regular news candle and stayed out of the trade, deciding to wait at least 20 minutes to take a trade. After that move, I did not see any further breakout or signal trades and ended up staying on the sidelines today. Overall it's been a strange week but I'm staying optimistic that the next week will bring in better trades. Have a great weekend everyone! ~Big Pippin

Results: +0 pips

 

[Big Pippin]

Alba results for 7.10.06 - 7.14.06

Well it was another bad week for me. I know it's kind of a tricky time right now so I'm not too worried. I just have to stay positive and trust that the system will eventually bring me back to positive pips. Have a great weekend everyone!

Monday: -54
Tuesday: +12
Wednesday: No trade
Thursday: -33
Friday: No trade

Total: -75 pips

Total for July: -61 pips

 

[lkthomas]

Big Pippin, I don't understand how you use 10mins to trade, we usually read 1H to 4H chart!

 

[Baruch]

Well it was another bad week for me. I know it's kind of a tricky time right now so I'm not too worried. I just have to stay positive and trust that the system will eventually bring me back to positive pips. Have a great weekend everyone!

Monday: -54
Tuesday: +12
Wednesday: No trade
Thursday: -33
Friday: No trade

Total: -75 pips

Total for July: -61 pips

Maybe you need some new inspiration? Here it is:

http://www.trade2win.com/knowledge/forex/articles/general_articles/15-min-break-out-strategy/

 

[lkthomas]

actually, I am using similar method on longer time frame, that's help me not to look at the chart every 15mins, I have a real life need to work with

 

[Big Pippin]

Forex Trade- 7.17.06- No Trade

Well like a typical Monday, there was very little movement during our session today. Unlike the EU session where the Euro dropped over 100 pips, the US session provided very little action. We'll just have to wait until tomorrow and hope that we can finally start seeing some movement during our trading time. Cheers! ~Big Pippin

Results: +0 pips

 

[Big Pippin]

Forex Trade- 7.18.06- 1 Trade Won

Well with the plethora of economic reports today, the market gave us enough juice to grab a trade. At 10:00 am EST, there was an Alba signal and I entered 3 lots short at 2507 with a stop at 2547 and a target at 2486. My target was hit at 10:30 am EST and I closed 2 lots and moved my last lot's stop to the high of that candle. I trailed my last lot's stop to the high of the next candle which is where I was eventually stopped out at 11:00 am EST at 2493. Overall it was a decent day and I'm hoping we can have more trades like this during the rest of this month. Hope you all were able to grab some pips as well! Cheers! ~Big Pippin

Result: +42 +14 -9(spread)= +47 pips

 

[Big Pippin]

Forex Trade- 7.19.06 - No Trade

Well we had plenty of economic reports today to fuel the market but unfortunately it wasn't enough to give us a breakout or signal. Both the 8:30 and 10:00 candle caused breakouts but because I don't trade news candles, I stayed out. After each of those candles I didn't see any further confirmation that those trends would continue and stayed out both times. Hopefully we'll have better days tomorrow and Friday.

On a side note, I thought I might add that I see a possible trade for the AUD/USD. This is more of a swing trade so the risk is fairly high. I will set an entry order to buy the AUD/USD at 7566 with a stop at 7456 and a target at 7766. If this trade is not triggered by the end of the trading day tomorrow, I will remove my order. I just thought I'd throw it out there because it looks like a nice trade. Cheers! ~Big Pippin

Result: +0 pips

 

[Big Pippin]

Forex Trade- 7.20.06 - 1 Small Trade Won

Well movement today was minimal but we were still able to grab a few pips. At 11:20 am EST there was an Alba signal and I entered 3 lots short at 2628 with a stop at 2647 and a target at 2619. At 12:30 pm EST the Euro dropped within 3 pips of my target and since it was already past our trading hours I decided to close all 3 of my lots. I exited at 2623. It wasn't the ideal trade, but at least it worked out ok. Hopefully tomorrow will be better and we can end on a good not. Cheers! ~Big Pippin

Results: + 15 -9(spread)= +6 pips

 

[Big Pippin]

Alba result for 7.17.06 - 7.20.06

Well it was an ok week for Alba but I'm disappointed that we aren't seeing more movement. Right now it feels as if we are in a lull so I am hoping to hold steady until the movement picks up again. I didn't trade on Friday because I was on the road driving up from Florida back to Virginia. That is a loooong drive. I don't recommend that you do it! Anyways, let's hope for next week to be better. Cheers! ~Big Pippin

Monday: No trade
Tuesday: +47
Wednesday: No trade
Thursday: +6
Friday: No trading (traveling)

Total: +53 pips

Total for July: -8 pips

 

[Big Pippin]

Forex Trade- 7.24.06 - Breakeven

Well once again, we start the week of slow. There wasn't much movement in the EUR/USD today but I did still see a signal. I was kind of weary about it because it happened late in the day and because of that I decided to hold onto my trade longer than normal. At 11:00 am EST I saw an Alba signal and I entered 3 lots short at 2619 with a stop at 2635 and a target at 2610. By 2:00pm EST my target still wasn't hit and I decided to close my trade out. I waited until the price reached breakeven and I closed out all 3 lots. It wasn't the start I was looking for but at least we got through the day without a scratch. Cheers! ~Big Pippin

Result: +0 pips

 

[Big Pippin]

Forex Trade- 7.25.06 - 1 Trade Won

Well after a long wait we finally saw some movement today. It was caused by the unexpected jump in the consumer confidence report. This surprise led to a boost in the dollar and caused the euro to drop like a rock. At 10:30 am EST I saw an Alba breakout and I entered 3 lots short at 2615 with a stop at 2664 and a target at 2590. My target was hit at 11:20 am EST and I closed 2 lots and moved my last lot's stop to the high of that candle. I continued to trail my last lot's stop up until the high of the candle marked in the chart which is where I was eventually stopped out at 2566. I've been waiting a long time for this kind of movement and I'm glad we finally got a good sized trade. Hopefully we can continue to see these kinds of moves the rest of the month. Hope you all caught some of these pips. Cheers! ~Big Pippin

Results: +50 +98 -9(spread)= +139 pips

 

[Big Pippin]

Forex Trade- 7.26.06- 1 Trade Won

Well today was a bittersweet day for me. I was able to manage a win which is always nice but unfortunately Alba took me out a little early and I missed nice move that happened later on in the day. I saw an Alba breakout at 10:10 am EST and I entered 3 lots long at 2310 with a stop at 2592 and a target at 2322. My target was hit at 10:30 am EST and I closed 2 lots and moved my last lot's stop to breakeven where unfortunately I was stopped out on the next candle. The market took a quick breathe and then proceeded with the trend as I watched on the sidelines. I'm only human. I can't help but want those pips that I missed out on but I'm still content with the fact that the system won today. There will always be moves like this in the future. Hopefully I'll be on the next one Cheers! ~Big Pippin

Results: +24 +3 -9(spread)= +18 pips

 

[wasp]

Well today was a bittersweet day for me. I was able to manage a win which is always nice but unfortunately Alba took me out a little early and I missed nice move that happened later on in the day. I saw an Alba breakout at 10:10 am EST and I entered 3 lots long at 2310 with a stop at 2592 and a target at 2322. My target was hit at 10:30 am EST and I closed 2 lots and moved my last lot's stop to breakeven where unfortunately I was stopped out on the next candle. The market took a quick breathe and then proceeded with the trend as I watched on the sidelines. I'm only human. I can't help but want those pips that I missed out on but I'm still content with the fact that the system won today. There will always be moves like this in the future. Hopefully I'll be on the next one Cheers! ~Big Pippin

Results: +24 +3 -9(spread)= +18 pips

I did exactly the same albeit on cable. I know exactly how you feel... annoying isn't it!

 

[Big Pippin]

I did exactly the same albeit on cable. I know exactly how you feel... annoying isn't it!

Yes it is! But keep at it..those pips will come to us

 

[Big Pippin]

Forex Trade- 7.27.06 - 1 Trade Won

Today was an interesting day in the Euro. We had economic reports at both 8:30 and 10:00. As you all know I do not like trading around news candles so I wait at least 20 minutes until after the news before entering a trade. After the 8:30 reports I saw an Alba breakout at 9:10 am EST. I entered 3 lots long at 2762 with a stop at 2732 and a target at 2778. The Euro got within 5 pips of hitting my target but then reversed on me. Knowing that there was another news report coming out at 10:00 am EST I closed all 3 of my lots when the price looked like it was not going to hit my target. I ended up getting out at around 9:45 at 2754. After the 10:00 am news I did not see any other trades. There was some good movement today it just didn't go the way I hoped. I am definitely happy now that the market is starting to move. Hopefully tomorrow will be better. Cheers! ~Big Pippin

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

 

[Big Pippin]

Forex Trade- 7.31.06 - No trade

Well like a typical Monday, there wasn't much going on today in the market. The Euro pretty much stayed range bound and I did not see any breakouts. We almost had an Alba signal but the price closed too close to our EU session low for us to take it. Overall it was a very quiet day and not a good time to trade. Hope you all were able to avoid the temptation to trade today Cheers! ~Big Pippin

Results: +0 pips

 

[Big Pippin]

Alba results for 7.24.06 - 7.28.06

Well this week helped us close the month of July on a strong note. Even though it looked like we might have our 2nd losing month, the markets finally began to pick up and we were able to grab some pips. I'm hoping after this month we can back into full stride with the Alba system and begin to bring in bigger profits.

Monday: No trade
Tuesday: +139
Wednesday: +18
Thursday: -33
Friday: Breakeven trade

Total: +124 pips

Total for July: +116 pips

 

[Big Pippin]

Forex Trade- 8.01.06- 1 Trade Won

Finally, we are starting to see some movement as traders are starting to put their money where their speculative minds are! After the news reports today we saw some decent movement in the Euro and were able to bring in some pips. At 11:20 am EST there was an Alba signal and I entered 3 lots long at 2753 with a stop at 2739 and a target at 2762. My target was hit at 11:40 and I closed 2 lots and moved my last lot's stop to the low of that candle. I continued to trail my stops as new highs were made and at 1:00 pm EST I decided to close out my last lot because 2820 was hit again but could not be broken. That and the fact that it was already past my trading hours, I went ahead and closed my trade out at the close of that candle at 2815. Overall it was a good day and a good way to start off the month. Hopefully we'll continue to see more movements like these. Hope you all caught some of the action. Cheers! ~ Big Pippin

Results: +18 +62 -9(spread)= +71 pips