June 16, 2006

Result: +0 pips
Beta: +40 pips (+20 +20)

Short trade triggered at 9:20 am EST.
Midpoint hit at 10:00 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot at midpoint. Moved last lot's stop to breakeven. (+20)
Stopped out at breakeven at 10:50 am EST.
11:10 am EST- Price closes back within our range. Reset short entry order.
Short trade triggered at 11:20 am EST.
Midpoint hit at 11:50 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot at midpoint. Moved last lot's stop to breakeven (+20)
Stopped out at breakeven at 2:00 pm EST.













*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 for the price to close within our range (using a 10 minute chart) before placing your orders.


8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8572
Stop Loss: 1.8536
Target: 1.8617
*Move stop to breakeven when price hits 1.8592
**Beta- Close 1 lot when price hits 1.8592 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8506
Stop Loss: 1.8541
Target: 1.8461
*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