Color Scheme of the Charts to Differentiate the Various Wave Degrees is:
{ Supercycle / Cycle / Primary / Intermediate / Minor }
{By clicking on any chart, it will enlarge for ease of viewing. Commentary at the top of each chart is more easily read, also.}

Saturday, July 23, 2011

CHFJPY (Urgent)

1 comment:

John A. Shalvey said...

+4.63 average gain per 1/3 of position. Trade quickly hit initial target for first 1/3 of position. Stop was moved up to the entry price so that no loss could be incurred on the trade. This made it a "free trade" from that point on. Next, the 2nd third profit was taken at 100.00 which is the end of the highest probability for the original target. The trade was going parabolic at this point. Stop was managed until the software identified the impulse as complete at which time the final 1/3 was closed at 105.00.