Tuesday 6 April 2010

Update CHFJPY Reaction Line trade

Here are two set of charts. E-signal daily and 60 min and Metatrader daily and 60 min..both showthe same pair (CHFJPY) . The E-signal composite feed is more accurate. The background to the trade can be found in last weeks numerous posts on the subject. The reaction line now acts as resistance. My weakness on this trade was impatience as i was initially stopped out as i entered too early but re-entered the trade on a break down away from the reaction line with a affordable stop (now at break even).Objective the long term Magenta/Purple centre line.













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