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Thursday, March 15, 2007

Tinkering

Offset my long USD/JPY 117.72 at 117.11 for a loss of $51.85. That is the last time I use the day charts. They are too slow to show direction.

Entered a short USD/JPY at 117.18 with a stop of 118 based on the two hour chart.

I'm going to go with the two hour charts for the time being.

EUR/GBP started to form a long at 10am this morning (after I left for work...grrr) and around 7pm started to shoot up. It continues to do so and after being burned for entering late I'm not sure if I want to enter long right now. Perhaps if there is a large pull back at 10pm or tomorrow morning I'll check all the signals again.

USD/CHF is a sell side mirror image of EUR/GBP.

All the rest with <6pips are on continuing trends.