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?: EURJPY
Price did an STT Secondary Shatterbounce on the 15M which was entered at the 104.98 level. This trade was taken as a valid trade although the overall market conditions were still uncertain, and thus aggressive trade management was used. As of this post, the initial target level at 105.14 has been hit and the remaining position moved to breakeven. Secondary target is 105.48. The charts show the trade as it developed.
Net: Profit.
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