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Saturday, December 29, 2007

I'm seeing this more and more. Where the signals on the weekly chart are very good... after the fact.

As the price moves, signals are given that often reverse by mid-week. That is common with all signals but on a weekly chart there is much time lost. I'm also seeing where very good gains are being eaten up in the next entry.

What I've seen in this last batch is where the price reversed well under my limit. So if I reset my limits lower in the future I won't make the high returns that I'm after.

Hmmm.


EUR/USD - Moved stop on short 1.4612, stop 1.4600, limit 1.4105 and it limited out shortly thereafter. Profit diff 12.
GBP/USD - Watching.
AUD/USD - Watching.
USD/CAD - Stopped out on long 1.0021. Loss diff 255.
EUR/JPY - No change on long 164.42, stop 159.50.
GBP/JPY - No change on long 228.52, stop 222.80, limit 236.71.

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Update:

Temps that go from 15 degrees to 70 hurt my head. Been near worthless.

EUR/JPY - Stopped out long 164.42 on 12/31. Profit diff 42
GBP/JPY - Stopped out long 228.52 on 12/31. Loss diff -572