May 12, 2006

4:15 pm EST: -28 pips
Beta: -56 pips

8:30- News candle. No trades
8:40- Candle closes within our range. Placed entry orders.
Short trade triggered at 10:30 am EST.
Target not hit by 2pm EST. Closed trade out at 1.8914












*Today is a news day. Please read the rules on the first post on how to trade on news days.

8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.9008
Stop Loss: 1.8944
Target: 1.9096
*Move stop to breakeven when price hits 1.9049
**Beta- Close 1 lot when price hits 1.9049 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8886
Stop Loss: 1.8949
Target: 1.8798
*Move stop to breakeven when price hits 1.8845
**Beta- Close 1 lot when price hits 1.8845 and move last lot's stop to breakeven


Happy trading!