Where's the Trade? Results Longer Term CHFJPY 2.36 pm London 10/4/12

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

As suspected, this pair began to run shortly after the previous post, and was entered aggressively before the candle closed. It hit first target at 89.22 and there is a small position remaining being trailed aggressively. All the previous small losses have been made back, although that means not much has been left to run. However, we are now waiting for an STT Recoil(TM) setup or Scale 1 setup to add on.

It may also potentially set up an STT Double Shatterbreak(TM) to the downside. That trade will not be covered here if it develops, however.

Net: Profit.