When I entered USD/JPY I was just eyeballing the chart.
Seems that the CMO did not hit the zero line the other day.
It was at -5.
So today, when the zero line was hit, the price closed out at 117.70.
In an irritable fit, I took another long position at 117.72 (which should have been my first position) with a stop of 114.40 (risk of $282 on full reversal).
Actually, that is another sign I forgot to mention. The trailing stops I use (TS) tend to have a sharp dip opposite to the trend on the specific period that the entry signal is given.
The last 24 hour period had a rather large hump in the TS (see my 114.40 stop). Presently my TS is showing 116.34, but that will probably change in the next 24 hours.
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Let's see how my other predictions fared....
EUR/USD: Weak downtrend.
USD/JPY: All indicators say enter long
GBP/USD: No long signal yet
USD/CHF: Weak uptrend
EUR/JPY: TCF has crossed over. So, CMO and TCF are in agreement on a long signal. TSI is a hair or two away from crossing
GBP/JPY: CMO and TSI are in agreement on a long signal. TCF's gap is closing
EUR/GBP: Still don't know what to think. TSI is very weak and both the TCF and CMO are meandering around
USD/CAD: Same. The CMO has hit the zero line but neither TSI nor TCF have indicated a short
AUD/USD: All indicators say enter long
EUR/CAD: Very weak TSI. Looks like its "downtrend" continues
EUR/AUD: Short continues.
GBP/CHF: CMO has hit the zero line and so a long signal is given, but TSI looks very weak and untrustworthy.
CHF/JPY: Weird. CMO is still under zero (-0.339 at the time of this writing) and TSI has not crossed. No entry signal
AUD/CAD: Continues to futz and I will now ignore it.
AUD/JPY: Continues its long
NZD/USD: All indicators say enter long
CAD/JPY: Continues its long
NZD/JPY: Continues its long

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