May 23, 2006

1:25 pm EST: -76 pips (-38 -38)
Beta: -152 pips

Not a good day for the signal. I think I'll have to pay more attention to Bernanke in the future. Hopefully I can recoup some of the losses throughout the week.

Short trade triggered at 9:30 am EST.
Short trade stopped out at 10:30 am EST.
Short trade triggered again at 11:00 am EST.
Short trade stopped out again at 11:20 am EST.













8:00 am EST- Trades


Long Trade:
Entry Order: Buy at 1.8864
Stop Loss: 1.8826
Target: 1.8914
*Move stop to breakeven when price hits 1.8886
**Beta- Close 1 lot when price hits 1.8886 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8793
Stop Loss: 1.8831
Target: 1.8743
*Move stop to breakeven when price hits 1.8771
**Beta- Close 1 lot when price hits 1.8771 and move last lot's stop to breakeven