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Thursday, May 31, 2007

Overall, I think I've been too eager to enter positions the past week or two. I need to tone that down a bit.

Testing out this and that on the fly is all well and good, but when I look back and see the losses from these tests it's hard not to question the underlying system. Such questioning tends to lead to major overhauls in an attempt to fix something that wasn't broken.

EUR/USD -
Watching

USD/JPY - Watching

GBP/USD - Watching

EUR/JPY - Moved stop on long 163.69 to 162.48, and limit 165.05.

USD/CHF - Moved stop on short 1.2250 to 1.2301, and limit 1.2203.

EUR/CHF - Hmmm, SAR is presently very close to the new bar. But is was pretty close before.

AUD/USD -

Interesting. The SAR point that was sitting in the upper portion of the 5/29 bar was under it when I checked in the morning (as it is now). Hmmm

This is looking like it might be a good long, but I think I missed the boat.

USD/CAD - Moved stop on short 1.0829 to 1.0820, limit 1.0598.