June 13, 2006

3:30 pm EST: -41 pips
Beta: -63 pips (-82 +19)

8:30 am EST- News candle no trades.
8:40- Candle closes within our range. Placed entry orders.
Short trade triggered at 8:50 am EST.
Short trade stopped out at 9:30 am EST. Re-entered the short entry order. (-41; Beta: -82)
Short trade triggered again at 10:20 am EST.
Midpoint hit at 10:50 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot at midpoint and moved last lot's stop to breakeven. (+19)
Trade stopped out at breakeven at 11:10 am EST. Re-entered the short entry order.
Neither trade was triggered again by 12:00 pm EST. Removed all orders.













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

8:00 am EST- trades


Long Trade:
Entry Order: Buy at 1.8466
Stop Loss: 1.8424
Target: 1.8510
*Move stop to breakeven when price hits 1.8485
**Beta- Close 1 lot when price hits 1.8485 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8388
Stop Loss: 1.8429
Target: 1.8344
*Move stop to breakeven when price hits 1.8369
**Beta- Close 1 lot when price hits 1.8369 and move last lot's stop to breakeven