Tuesday 3 April 2012

Where's the Trade? Results Longer Term CHFJPY 3.22 am London 4/4/12

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

The remainder of the Part 2 entry was not completed at the 91.74 level due to excessive momentum on the 15M, USDJPY and USDCHF respectively. All positions have now been closed for a slight profit. If the remaining entries had indeed triggered, then the positions would have been closed for net breakeven. We are now on our way to the longer term trade on the 4H.

Net: Slight profit.

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