CHFJPY punch signal

TRACKING

5 February 2013. SELL order triggered at 101.50.
5 February 2013. SELL order closed at 102.40 as Stop loss.
5 February 2013. BUY order triggered at 102.40.

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

Put six pending orders. Three BUY orders and three SELL orders.

BUY orders

Entry price: 102.40

1st order

Take profit: after 5 completed trading days
Stop loss: 101.50
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: 101.50
No need to put the same Sell order

3rd part

Take profit: 105.24 (423.6 Fibo level)
Stop loss: 101.50
If Stop loss order fires then automatically put the same Sell order with Take profit at 98.66 (another 423.6 Fibo level)

SELL order

Entry price: 101.50

1st part

Take profit: after 5 completed trading days
Stop loss: 102.40
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: 102.40
No need to put the same Buy order

3rd part

Take profit: 98.66 (423.6 Fibo level)
Stop loss: 102.40
If Stop loss order fires then automatically put the same Buy order with Take profit at 105.24 (another 423.6 Fibo level)