Custom Search

Thursday, May 10, 2007

Well, as you'll see, I can't go off of the SAR alone. The SAR may show a reverse, but if the LRIs indicate otherwise, it is most likely just a pullback.

EUR/USD -


CMS Fx -

Moved stop short 1.3584 to 1.3624

LiteForex -

Short at 1.3605. Moved stop to 1.3623.

USD/JPY -

LiteForex -

Short 120.07 stopped out (120.14) - loss 0.56

I entered based on SAR reversal. However, the 20 and 40 day lines were well under the 5 day and the 10 day had just crossed over.

I tempted to think I need to pull my SAR back some, but I'm not sure. Seems I could take a SAR reversal as a sign to take profit and then wait for 2 or more SAR points in the direction that the LRIs indicate. hmmm

GBP/USD -

LiteForex -

Stop triggered for a -9.1 loss (1.9938 stop 1.9847).

There was no long, the SAR was too close. It knocked me out of my short the other day and I assumed a long had started.

Changed SAR to: step 0.0325 - max 1

EUR/JPY -

LiteForex -

Moved stop on short 162.43 to 163.02.

Changed SAR to use the same method as USD/JPY: step 0.5 - max 1

USD/CHF -

CMS Fx -

Moved stop on long 1.2142 to 1.2092.

LiteForex -

Continuing uptrend.

EUR/CHF -

LiteForex -

Watching.

AUD/USD -

LiteForex - watching

USD/CAD -

LiteForex -

Hmm, third long SAR. Gonna try it.

Entered long at 1.1117, stop 1.1043.

EUR/GBP -

CMS Fx -

No move in stop -- short 0.6801 stop 0.6835

LiteForex - Third short SAR, but I don't like how the LRIs are all bunched on the 5 day.

NZD/USD -

CMS Fx -

No move in stop -- short 0.7428 stop 0.7419.