Tuesday, January 29, 2013

CHFJPY signal


CHFJPY last day candle closed in the shadow of the previous day candles.


Put two pending orders. Then сonditionally divide each order into three parts.

BUY order

Entry price: 98.380

1st part

Take profit: after 5 completed trading days
Stop loss: 97.573
If Stop loss order fires then automatically put the same Sell order with the same Take profit

2nd part

Take profit: 5 days trailing stop
Stop loss: 97.573
No need to put the same Sell order

3rd part

Take profit: 100.984 (423.6 Fibo level)
Stop loss: 97.573
If Stop loss order fires then automatically put the same Sell order with Take profit at 94.969 (another 423.6 Fibo level)

SELL order

Entry price: 97.573

1st part

Take profit: after 5 completed trading days
Stop loss: 98.380
If Stop loss order fires then automatically put the same Buy order with the same Take profit

2nd part

Take profit: 5 days trailing stop
Stop loss: 98.380
No need to put the same Buy order

3rd part

Take profit: 94.969 (423.6 Fibo level)
Stop loss: 98.380
If Stop loss order fires then automatically put the same Buy order with Take profit at 100.984 (another 423.6 Fibo level)

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