April 12, 2006

3:00 pm EST: +4 pips

Price went back into range at 9:20 am EST; Placed entry orders
Short trade triggered at 9:30 am EST
Target not hit by 2:00 pm EST; Closed trade out at 1.7499












8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.7586
Stop Loss: 1.7542
Target: 1.7635
*Move stop loss to breakeven when price hits 1.7608


Short Trade:
Entry Order: Sell at 1.7503
Stop Loss: 1.7547
Target: 1.7454
*Move stop loss to breakeven when price hits 1.7481


Today is a news day so do not put these orders in until 8:40 am EST. If the price is already past our entry then simply sit this trade out.