July 28, 2006

Recap: +0 pips
Beta: +0 pips

After the news, the price never closed back within our range. No trades.


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*Today is a news day. Wait until at least 8:40 before placing your orders in. If the price is outside our range wait until the price closes back within our range (using a 10 minute chart) before placing your orders.


8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 8631
Stop Loss: 1.8584
Target: 1.8690
*Move stop to breakeven when price hits 1.8655
**Beta- Close 1 lot when price hits 1.8655 and move last lot's stop to breakeven


Short Trade:
Entry Order: Sell at 1.8543
Stop Loss: 1.8589
Target: 1.8489
*Move stop to breakeven when price hits 1.8519
**Beta- Close 1 lot when price hits 1.8519 and move last lot's stop to breakeven