June 15, 2006

3:45 pm EST: -39 pips
Beta: -78 pips

8:30 & 9:00 am EST- News candles. No trades.
Price closes within our range at 10:00 am EST. Placed entry orders.
Long trade triggered at 10:10 am EST.
Long trade stopped out at 11:20 am EST.












*Today is a news day. Wait until at least 9:30 am EST before placing your orders. If the price is outside our range then wait for the price to close back within our range (using a 10 minute chart) before placing your orders.


8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8508
Stop Loss: 1.8469
Target: 1.8547
*Move stop to breakeven when price hits 1.8525
**Beta- Close 1 lot when price hits 1.8525 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8435
Stop Loss: 1.8474
Target: 1.8396
*Move stop to breakeven when price hits 1.8418
**Beta- Close 1 lot when price hits 1.8418 and move last lot's stop to breakeven