June 1, 2006 (Thursday)

Today	-347	Month	-347

EUR/USD
Trade	Entry	Stop	Limit	Exit	Pips
+	1.2792	1.2742	1.2867	S	-50
-	1.2742	1.2792	1.2667	S	-50
-	1.2726	1.2776	1.2651	S	-50
+	1.2811	1.2761	1.2886	T	+3

GBP/USD
Trade	Entry	Stop	Limit	Exit	Pips
+	1.8680	1.8630	1.8795	S	-50
-	1.8594	1.8644	1.8479	S	-50
-	1.8594	1.8644	1.8479	S	-50
+	1.8687	1.8637	1.8802	S	-50

Note: Frosty start for June. Initial positive sentiment toward the dollar quickly turned as a lower than expected US ISM Manufacturing index data arrived. Unfortunately, the timing couldn't possibly be worse as the asking price was just below the shorts when the data arrived, leading to a surge in both the EUR and GBP but unfortunately, that was just enough to bring it back to the starting range of the first session, therefore, triggering the second buy orders.