July 12, 2006

4:30 pm EST: +0 pips
Beta: +0 pips

8:30- News candle. No trade
Price never closed back within our range. No orders were placed.












*Today is a news day. Wait until at least 8:40 am EST before placing your orders. If the price is outside our range at 8:40 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 1.8481
Stop Loss: 1.8425
Target: 1.8554
*Move stop to breakeven when price hits 1.8515
**Beta- Close 1 lot when price hits 1.8515 and move last lots stop to breakeven


Short Trade:
Entry Order: Sell at 1.8372
Stop Loss: 1.8430
Target: 1.8301
*Move stop to breakeven when price hits 1.8340
**Beta- Close 1 lot when price hits 1.8340 and move last lot's stop to breakeven