Wednesday 15 February 2012

Where's the Trade? Update EURUSD 1.50 am London 16/2/12

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?: EURUSD

Thus far, EURUSD has not satisfied the momentum conditions for STT ReCoil. Furthermore, it is violating momentum conditions on the 4H chart. This trade will continue to be watched, but it is unlikely that it will trigger.

Net: No entry.

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