Where's the Trade? Longer Term CHFJPY 6.58 am London 31/3/12

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. 

Longer Term Calls: The longer term calls are designed to help clients with Shatterpoint Universe(TM) and to anticipate moves in better trending currency pairs, with projected support and resistance levels.

The Trades:  

1.) Most likely immediate trade: STT Shatterbounce Long using the daily as the originating chart. The Shatterpoint is at 90.93, with a maximum retracement level at 90.42. This should generate a trigger on the 1H chart provided the proprietary trade conditions are met. It is expected that this trade will hit only the first target, but if it does go, the ultimate target long is at 95.55.

2.) Second trade: STT Shatterbounce Long with the weekly as the originating chart. Should the first trade reverse, the next trade will develop on the 4H chart. This should occur at or between the two shatterlevels of 89.06 and 88.12. However, it may develop extraordinarily as low as 87.04 from a higher order shatterpoint. As always, the trades should attain first target. If they continue to run, the ultimate long target is again at 95.55. Should the 87.04 level fail following Shatterbounce conditions on the weekly chart, then the 84.37 should be the minimum target on the downside, and various Shatterbounce conditions short will trigger using the daily and the 4H as the originating charts.

Where's the Trade? Results CHFJPY 3.33 pm London 22/2/12

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?: CHFJPY

 

Trade not triggered.

Net: No entry.

Where's the Trade? CHFJPY 5.06 am London 23/2/12

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.

The Trade: STT Secondary Shatterbounce CHFJPY 1H setup. The Primary Shatterbounce will be on the 15M. The trade should occur below the 88.07 level and around the 87.72 shatterpoint. Wait for a few hours to get an oversold level and a V signal at (ideally between) those levels. There will be no trading by Straight Talk today and thus this trade will not be counted in the statistics either way.   

Direction: Long

Reason: On multiple timeframes, price is at a level of either price continuation of trend or a temporary trend breakdown. For that reason, it should provide a decent intraday trade.

Where's the Trade? Results AUDUSD 7.20 am London 22/2/12

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?: AUDUSD

The first trade did not work out and was exited for a loss. The second entry came shortly after and turned a profit. Net, it was a very slight profit but the trade was exited due to the combined uncertainty of Frankfurt hour and various targets being hit based on the principle of Shatterpoint Reflection. Both trades are shown below.

Net: Profit.

Where's the Trade? AUDUSD 0.58 am London 22/2/12

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.

The Trade: STT Perfect Storm AUDUSD 1H setup. AUDUSD has a Perfect Storm setup on the hourly charts, which has been taken.

 

Direction: Long

Reason: On multiple timeframes, price is a key shatterpoint level and is likely to reverse or at least hesitate.

Where's the Trade? Results EURJPY 4.42 pm London 21/2/12

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?: EURJPY 

This trade did not trigger the primary STT Shatterbounce on the 15M, but it did (barely) trigger the secondary Shatterbounce on the 1H chart. The attached chart shows the entry and the initial target, already hit, which would have yielded an initial profit of 29 pips. However, the trade was not taken because the trader mentor was away from the trading terminal, and thus to maintain integrity this trade will not be counted. The snapshot is shown for illustrative purposes and for completeness relative to the initial trade call.

Net: Profitable, but not traded.

Where's the Trade? Results USDCHF 8.23 am London 20/2/12

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?: USDCHF

The trade was closed aggressively when price retreated off the initial target. A few pips of profit were made.

Net: Profit.