Saturday, January 14, 2006

Forex Trade Review - EURJPY

Well, it look like I got stopped out of my most recent trade idea on the EURJPY. ECB president Trichet spoke yesterday with a hawkish tone towards the EU economy. This indicated rising inflation and interest rates which caused the Euro to shoot up in value. Now, I traded an hour and half after he was supposed to speak thinking i'm okay, but appearantly the market took a while to factor in his comments. On the plus side, I do trade the Alba system which was a winner, so my loses were offset by that. at the end of the day i was only down 4 pips.


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