May 16, 2006

2:45 pm EST: +0 pips
Beta: +0 pips

8:30 am EST- News candle. No orders placed.
At 11:10 am EST, price closed back within our range. Placed entry orders.
No trades triggered by 12:00 pm EST. Removed all orders.













*Today is a news day. Do not place orders until 8:40 am EST. Read the first post for the rest of the rules for trading on news days.


8:00 am EST- Trades


Long Trade:
Entry Order: Buy at 1.8843
Stop Loss: 1.8788
Target: 1.8914
*Move stop to breakeven when price hits 1.8876
**Beta- Close 1 lot when price hits 1.8876 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8738
Stop Loss: 1.8793
Target: 1.8667
*Move stop to breakeven when price hits 1.8705
**Beta- Close 1 lot when price hits 1.8705 and move last lot's stop to breakeven


Happy trading!