Tuesday 14 February 2012

Where's the Trade? Further Update AUDUSD 2.19 am London 15/2/12

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?: AUDUSD

Following the previous update, AUDUSD came down and fulfilled the STT ReBounce conditions, but the close gave an unfavourable entry point. Thus, the ReBounce secondary entry on the 4H chart was taken instead on a pullback on the charts below. The entry location was favourable and it immediately went into profit, although it has yet to hit any targets.




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