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Monday, May 28, 2007

EUR/USD -

Moved stop on short 1.3454 to 1.3470 (limit 1.3270).

SAR and 5 day is very close to the price and ATR is low. Makes me think I should offset, but I'll hang on.

USD/JPY - Same as the other day... mixed signals. Watching.

GBP/USD -

Not sure what to think here. Alligator is acting like it wants to form a short. SAR is away from the price and looks ok for a long. Priceline has been moving down for the last 3 bars.

I'm tempted to move my stop up to the 5 day, but that is *very* close to the price action.

I think I'll keep my current stop and see what happens.

No change on long at 1.9865, stop 1.9791.

EUR/JPY -

SAR signaled a good long.

Entered long at 163.69, stop 162.16, and limit 165.05.

I'm going to test not subtracting the spread (4) from the limit.

USD/CHF - Watching.

EUR/CHF -

Moved stop on short 1.6520 to 1.6534. Alligator indicates it should be 1.6530. but the price is too close.

I'm thinking I need to set limits on this pair as well. Maybe just the ATR when the 13 day is close to the price activity and x3.5 when the 13 day is >= 85 pts away.

Will also use SAR for stops.

Yeah, when the SAR is this close to the price it always pulls back or reverses. It would have hit its limit already as well.

Offset short 1.6520 at 1.6524. Loss diff of 4.

AUD/USD -

Will start using SAR for stops.

Moved stop on short 0.8175 to 0.8227.

USD/CAD - Moved stop on short 1.0829 to 1.0852.