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Monday, May 14, 2007

Forgot to mention, the LiteForex day bar starts at 12am and not 5pm.

EUR/USD -


CMS Fx -

The 10 day has crossed below the 5 day and the 20 day has touched the 5 day. Considering that 20 and 40 days are still indicating a downtrend I'd be tempted to let it run. But, I'm eager to drop CMS Fx.

Offset short 1.3584 at 1.3543. Profit of 4.1

LiteForex -

Moved stop on short 1.3605 to 1.3596.

10 and 40 day are running very near the 5 day. If the price continues upwards I may need to offset.

USD/JPY -

LiteForex - SAR indicates short but all LRIs are indicating long. Watching.

GBP/USD -

LiteForex - Looks like I was right in that I placed the SAR too close (and my stop). The trend is continueing down. Not sure about entering since the downtrend has been going for 14 days.

EUR/JPY -

LiteForex -

Short 120.07 stopped out (162.43) - loss 5.9

Again, I got burned following just the SAR. Need to use them more as a stop indicator and a sub direction indicator to the LRIs.

While both the 10 and 20 days are above the 5 day, they are very close to the 5 day. Plus, the 40 day is a goodly distance from the 5 day. Thus indicating a pull back and not a reversal.

USD/CHF -

CMS Fx -

Both the 10 day and the 20 day have touched the 5 day. Considering that all LRIs are still indicating an uptrend I'd be tempted to let it run. But, I'm eager to drop CMS Fx.

Offset long 1.2142 at 1.2185. Profit of 4.3

LiteForex - Continuing uptrend.

EUR/CHF -

LiteForex - Continuing uptrend

AUD/USD -

LiteForex - LRIs are still clustered closely together.

USD/CAD -

LiteForex -

Again, I put more weight behind the SAR than the LRIs.

The SAR is indicating a downtrend and the LRIs on LiteForex's chart (as opposed to CMS Fx's) show the 40 day way above the 5 day (indicating a pretty strong downtrend,

Offset long 1.1117 at 1.1062. Loss of 7.4

EUR/GBP -

CMS Fx -

Short 120.07 stopped out (0.6801) - loss 3.4

LiteForex - I'm starting to think the only safe trades on this pair is when the 40 day swings way out from the 5 day.

NZD/USD -

CMS Fx -

Both the 10 day and the 20 day have crossed below the 5 day. Considering that both the 40 and 20 day are still indicating a downtrend I'd be tempted to let it run. But, I'm eager to drop CMS Fx.

Offset short 0.7428 at 0.7376. Profit of 5.2

-----------------

OK,

Done with CMS Fx. Also, after today I'm done with CMS' method of indicating profit or loss. It's just irratating. I'll just show the price diff.

Also, as new bars start at 12am, I'll most likely start checking in closer to that time to update my positions.

I may be entering some tonight.