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Monday, June 04, 2007

I'm thinking I should make use of closer limits when the SAR is good but the Alligator isn't in agreement.

EUR/USD -


Projected Alligator indicates a long and SAR agrees. Current Alligator is still showing short.

I'll enter with a one ATR limit.

Entered long 1.3492, stop 1.3392, limit 1.3523 (subtracted spread)

Trying something a little different. Took the ATR of the last bar as the current bar is unformed and based the limit off of the high of the 6/1 bar (two back).

This might be too conservative, but I've been pretty loose for the past month.

USD/JPY -

Moved stop on long 122.02 to 121.55, and limit 122.33.

SAR and 5 day are very close to the price. I'm not at all sure this was a good entry.

Maybe set the limit to half the ATR when the Alligator doesn't look so good on this pair?

GBP/USD - Alligator is tightly intertwined, but SAR is good. If I set a limit based on one ATR, it would have been hit already. I think I'm going to wait until the Alligator isn't so intertwined.

EUR/JPY -

Moved stop on 163.69 to 162.76, limit 165.01.

Wondering if this pair needs the half ATR for when the 5 and 8 days are so close.

USD/CHF - Watching. Looks like it wants to go short.

EUR/CHF - Watching. Looks like it wants to go short.

AUD/USD - Ignored this morning due to the Alligator showing short. Think it is going strong long. May enter in the morning.

USD/CAD -

Limit hit on 1.0829. Profit diff of 235.

Moved stop on short at 1.0608 to 1.0709, limit 1.0135.