Where's the Trade? Results USDCAD 11:55 am London 6/2/12

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?: USDCAD

There was no clear signal until about 11 am London, and the trade was taken aggressively on the 15M chart on primary entry STT Shatterbounce rules. Entry price was 0.9970 and partial profits were scalped out at 0.9963. The initial profit target was the smallest possible exit because both EURUSD and GBPUSD were showing momentum on the hourly charts, although EURUSD was expected to bounce up off the 1.3048 STT Perfect Storm shatterpoint. Stops were moved to breakeven and the next retracement closed the remaining positions for breakeven.

Net: Profit.