Tuesday 31 January 2012

Where's the Trade? Results 3.43 pm London 31/1/12

Risk Warning: Trading Forex is inherently risky. This is not a trade alert service and should not be taken as advice to enter or exit a trade. It is simply a narrative of what Straight Talk Traders are watching for, which may or may not happen. What is posted here may or may not develop into legitimate setups on Straight Talk Trading's Complete Response Trading System's specific entry and exit rules, which are only accessible by STT clients. 

Based on Where's the Trade?: GBPUSD and EURUSD

One position short on GBPUSD stopped out for about 20 pips based on a 30M chart entry. It then traded above resistance and so was eliminated from the entry list.

One position short on EURUSD exited for about 60 pips' profit. The currency pair is still running down as this is being published.

Net: Profit.




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