This week we are featuring a EUR/JPY trade using the Stealth 15 Minute Trader Method.
Chart of the week - May 9, 2012 - EUR/JPY M15

(Click chart to magnify)

Trade entry was signaled when the Stealth BUY/SELL™ indicator and Stealth LCD™ indicator changed color in unison and the Stealth Hybrid™ histogram showed a red bar to indicate a high probability trade set up. Once all other system conditions were met the trade was executed.

As the trade progressed, the stop loss position was moved to lock in as much profit as possible.

Trade was exited when the Stealth BUY/SELL™ indicator changed color.

As you can see, this one trade produced over 40 pips of profit.

Risk Disclosure

This chart review is for information purposes only and must not be considered as investment advice.

Trading on the foreign currency exchange carries a high level of risk and is not suitable for everyone. Please be sure to read and understand our Risk Disclosures.