May 17, 2006

2:25 pm EST: +17 pips (-43 +60)
Beta: +1 pip (-86 +27 +60)

8:30 am EST- News candle. No trades. Candle closes within our range. Placed entry orders
Long trade triggered at 8:40 am EST.
Stopped out on long trade at 8:50 am EST (-43 pips; Beta: -86 pips)
Short trade triggered at 9:10 am EST.
Midpoint hit at 9:40 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot out at midpoint. (+27 pips) Moved last lot's stop to breakeven.
Target hit at 10:20 am EST. (+60 pips; Beta: +60 pips)













*Today is a news day. Wait until at least 8:40 am EST to place your trades. If price is outside of our range, wait until price closes (using a 10 minute chart) within our range before placing the orders.


8:00 am EST- Trades


Long Trade:
Entry Order: Buy at 1.9016
Stop Loss: 1.8973
Target: 1.9076
*Move stop to breakeven when price hits 1.9043
**Beta- Close 1 lot when price hits 1.9043 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8935
Stop Loss: 1.8978
Target: 1.8875
*Move stop to breakeven when price hits 1.8908
**Beta- Close 1 lot when price hits 1.8908 and move last lot's stop to breakeven