Sunday 1 April 2012

Where's the Trade? Results CHFJPY 7.53 am London 2/4/12

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(TM)'s Complete Response Trading System(TM)'s specific entry and exit rules, which are only accessible by STT clients. 

Based on Where's the Trade?: CHFJPY

This trade went just before the first target and hesitated. With such small targets it was not worth waiting so trade was exited slightly ahead of the entry. With the spread, this probably would have been a breakeven or slight loss.

Net: Would have been a breakeven/slight loss by part of the spread, which is why only higher timeframe trades are being taken on this pair. It would still be a net up or breakeven on the day due to the earlier trade.




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