July 14, 2006

4:10 pm EST: +0 pips
Beta: +18 pips

8:30- News candle. No trade
8:40- Price closes within our range. Placed entry orders.
Short trade triggered at 9:00 am EST.
Midpoint hit at 9:50 am EST. Moved stop to breakeven.
*Beta- Closed 1 lot at midpoint and moved last lot's stop to breakeven (+18)
Stopped out at breakeven at 1:10 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 back within our range (using a 10 minute chart) before placing your entry orders.

8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.8445
Stop Loss: 1.8405
Target: 1.8486
*Move stop to breakeven when price hits 1.8463
**Beta- Close 1 lot when price hits 1.8463 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8370
Stop Loss: 1.8410
Target: 1.8329
*Move stop to breakeven when price hits 1.8352
**Beta- Close 1 lot when price hits 1.8352 and move last lot's stop to breakeven