Ichimoku Currency USDCHF : Adjust stop 1/29/2010

Ichimoku Currency USDCHF 240m 1/29/2010
The USDCHF trade is looking good now.    The Kijun Sen has moved to a value of 1.0504 now so we are going to adjust our stop to 1.0479.    This is reducing our risk.  As the trend continues, you want to adjust your stop with the Kijun Sen in order to reduce your risk.  The goal is to get to a “free trade” where our stop is above your entry price.     If you want to reduce your risk so more because you are happy with the current profits then you can trade the Ichimoku chart off the 120 or the 60 minute now.
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About the Author Manesh Patel