June 20, 2006

3:00 pm EST: +0 pips
Beta: +0 pips

8:30 am EST- News candle. No trades.
8:40 am EST- Candle closes within our range. Placed entry orders.
No trades were triggered by 12 pm EST. Removed all orders.












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


8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8460
Stop Loss: 1.8420
Target: 1.8500
*Move stop to breakeven when price hits 1.8477
**Beta- Close 1 lot when price hits 1.8477 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8386
Stop Loss: 1.8425
Target: 1.8346
*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