Tuesday 3 April 2012

Where's the Trade? Results Longer Term CHFJPY 3.19 pm London 3/4/12

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?: Longer Term CHFJPY

There is a Shatterpoint(TM) Part 2 entry for this trade (one of several variations). A very small position was opened at 91.03 and much more will be added on at 90.74. Targets will be per the Shatterpoint system. 91.74 is the Level 2 Shatterpoint(TM). 91.65 is the part-way exit level for some of the positions to be opened at 90.74. Part 2 scale ins are funded by the profits from the Part 1 entry, and so this trade will not turn into a loss regardless.




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