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
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Based on Where's the Trade?: Longer Term CHFJPY
There has been a second entry on the 4H CHFJPY, this time more properly in the Shatterzone. Like its predecessor, it is a little imperfect, having occurred on NFP Friday and being traded on the weekend, but since this is an exercise in following every technical Shatterpoint Master System(TM) trade, it is an entry nonetheless. Entry was at 88.96 and current first target is 89.61 although that may change depending on the momentum. Due to the momentum being evidence on 4H USDJPY to the downside, it is expected that this trade has a lower than normal probability and thus will be managed aggressively.
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