[dpaterso]

Totally agree - and well put!

I had something happen today - totally unexpected.

Attached is the daily chart (today) of EUR/SEK.

You'll notice that the price penetrated PSAR - stop and reverse order was executed - and then the price retracted. At this point however you are now long.

What would you do?

Again - in keeping with the point of this thread - I've stayed long. I have placed an order to stop and reverse at the value of the PSAR dot for the previous day.

Just interesting - it appears that this was a news 'spike' or something else happened (I NEVER get false spikes at this broker so the movement was valid - no question) - and on no other chart that I examined has PSAR ever been taken out on the first dot. The only other thing that I can think of is that this is a high spread pair.

Edit:

Sorry - what I should have mentioned is that this morning I opened a short position on this pair because a new PSAR dot had appeared. Not long after that was the stop and reverse executed hence the long position described above.

Thoughts anyone?

Regards,

Dale.