May 24, 2006

2:00 pm EST: +47 pips
Beta: +68 pips (+21 +47)

Short trade triggered at 9:00 am EST.
Midpoint hit at 9:10 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot at 9:10 am EST. Moved last lot's stop to breakeven. (+21 pips)
Target hit at 9:10 am EST.













*Today is a news day. Wait until at least 8:40 am EST to place your orders. If price is out of our range then wait until price closes back within our range (using a 10 minute chart) before entering your orders.


8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8870
Stop Loss: 1.8833
Target: 1.8917
*Move your stop to breakeven when price hits 1.8891
**Beta- Close 1 lot when price hits 1.8891 and move your last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8802
Stop Loss: 1.8838
Target: 1.8755
*Move your stop to breakeven when price hits 1.8781
**Beta- Close 1 lot when price hits 1.8781 and move your last lot's stop to breakeven