EUR/USD -
SAR and Heiken are indicating down but Alligator is intertwined.
However, the Alligator is showing signs that it is trying to form a short signal.
Might enter on a pull back.
Question: if the Alligator is only intertwined because it is in the process of forming the opposite direction, should I enter when the SAR and Heiken show the way? I would have gotten in much sooner on this downtrend.
USD/JPY -
Moved stop on long 120.82 to 119.74.
Update - 5/21 6:15pm EST - Moved stop on long 120.82 to 119.76.
GBP/USD -
No change in stop -- short 1.9797, stop 1.9926.
Alligator is widening.
Update - 5/21 6:17pm EST - Moved stop on short 1.9797 to 1.9909.
EUR/JPY -
Everything looks good on a long. But the SAR is too close to the price (which indicates that a pull back might happen). There was one pullback already on the 5/18 bar which hit the SAR. But if I'm setting stops on the 13 day line of the Alligator, it shouldn't be a problem.
Hmm, this might not be wise, but
Entered long at 163.46, stop 161.54.
Update - 5/21 6:19pm EST - Moved stop on long 163.46 to 161.55.
USD/CHF -
Moved stop -- long 1.2229 to 1.2107.
Long at 1.2230, stop 1.2138.
Update - 5/21 6:20pm EST - Moved stop on long 1.2229 to 1.2115.
EUR/CHF -
Entered long at 1.6557, stop 1.6415.
Update - 5/21 6:22pm EST - Moved stop on long 1.2229 to 1.2118.
AUD/USD - Alligator is intertwined. Leaving alone.
USD/CAD -
5 and 8 day are not still intertwined and moving apart. Seems the main thing is the 13 day was away from the 5 and 8 day and still pointing down.
Might enter short on a pullback.
EUR/GBP -
5 day hit price line and I offsetted my long 0.6849 at 0.6824. Loss diff of 25 (which is really double on this pair).
I'm going to have to stop watching this pair. The patterns for the nice trends look the same at the start as the large whipsaws that have been going on for the past month.
This pair works much better on the 4 hour chart with my system.
Oh well.

Custom Search