June 14, 2006

4:45 pm EST: +0 pips
Beta: +44 pips (+22 +22)

8:30- News candle. No trade. Price closes within our range. Placed entry orders.
Short trade triggered at 8:40 am EST.
Midpoint hit at 8:40 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot at midpoint and moved last lot's stop to breakeven (+22)
Stopped out at breakeven at 9:00 am EST. Reset short entry order.
Long trade triggered at 9:20 am EST.
Midpoint hit at 9:20 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot at midpoint and moved last lot's stop to breakeven (+22)
Stopped out at breakeven at 10:50 am EST.
Price doesn't close back within our range. Long entry order not reset.
Short trade isn't re-triggered by 12pm EST. Removed order.













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


8:00 am EST- Trades


Long Trade:
Entry Order: Buy at 1.8464
Stop Loss: 1.8426
Target: 1.8513
*Move stop to breakeven when price hits 1.8486
**Beta- Close 1 lot when price hits 1.8486 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8394
Stop Loss: 1.8431
Target: 1.8345
*Move stop to breakeven when price hits 1.8372
**Beta- Close 1 lot when price hits 1.8372 and move last lot's stop to breakeven