May 1, 2006

4:10 pm EST: +6 pips (-32 +38)
Beta: -10 pips (-64 +16 +38)

I made a mistake today because I forgot today was a news day. The first trade was a loss and was triggered before 8:40 which is when I usually put my orders in on news days. I guess I was just so excited to try the new exit method that I forgot to pay attention to the news :)

Long trade triggered at 8:20 am EST
Long trade stopped out at 8:30 am EST. Placed long entry order again.
Long trade triggered again at 8:40 am EST.
Midpoint hit during 8:50 candle; Moved stop to breakeven.
*Beta- Midpoint hit at 8:50; Closed 1 lot for +16 and moved last lot's stop to breakeven
Target hit at 8:50 candle.












8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8286
Stop Loss: 1.8254
Target: 1.8324
*Move stop to breakeven when price hits 1.8302
**Beta version: Close 1 lot at 1.8302 and move last lot's stop to breakeven.


Short Trade:
Entry Order: Sell at 1.8227
Stop Loss: 1.8259
Target: 1.8189
*Move stop to breakeven when price hits 1.8211
**Beta version: Close 1 lot at 1.8211 and move last lot's stop to breakeven.