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Currently have half of my original position on two trades: EUR/CAD EUR/JPY Stops for both are break even plus 1 pip, currently have 0.50% profit for the evening So, guarantee up 0.50% profit, with a possibility of hitting additional targets. Will post final on these 3 trades.

EUR/CAD - half out at 1.3296. profit = 0.50% EUR/JPY half out at 107.01, profit = 0.50%

EUR/JPY stop moved to B/E plus 1 pip. EUR/CAD 2nd target 1.3289, stop at 1.3324

EUR/CAD 1st target 1.3296

AUD/USD - stopped out. initial risk = 1% at approx 25 pips. half the position lost approx. 0.16% the other half down approx. 0.30%, total loss = approx. 0.46% short EUR/CAD at 1.3312

EUR/JPY short 107.27 1st target 107.02, 1/3 position 2nd target 106.80, 1/3 position 3rd target 106.55 initial stop 107.50

closed out half position at 8 pip loss...letting the other half ride

initial target 0.9157, 2nd target 0.9168 initial stop at 0.9105, now moved up to 0.9115

AUD/USD in long 0.9130

No trading tonight, U.S. and Canada have a bank holiday. I never trade when either of the two largest FX markets (UK and US) have a holiday. Why does it matter? Well, if you have a large position, or want a large position, and have enough dough (as all of the largest forex players do have)...

Hey everyone... I'm posting this journal as a sort of "public report" of how someone can successfully trade the spot forex market. I am not posting this to explain my methodology, or my "system". I am simply posting to give a public account of how it is very possible to make money in the...

Last time I spoke with bill was about a year ago...nothing recently. It shouldn't be hard to see if it's doing the same thing though...just watch the DOM, once it hits a 2:1 ratio either way...see what the market does.

Also...to add some more food for thought... lets say this announcement was made, but rather than break up...the market broke down further. Yes, I know some believe that is illogical, and maybe it is...but group psychology often is...and the liquid, capital markets are all ruled more by...

Pol - I absolutly agree. I don't need CNBC to tell me something major is happening. Price simply consolidated on a 144 tick chart between 3:15 to 3:23. It then broke out long. Once it took out the previous short term pivot at 1331, and pushed up hard, It was very likely that the price would...

Dozu, not sure who's idea your criticizing...but I've make points every month trading the strat I layed out. The trick of it is timing though...just because the S&P is trading very weak to the DOW, doesn't mean when, or how much, or how long, the market will fall. You need to watch it over...

Ok...I don't know how to post a chart (kinda computer illiterate), but I can give you the divergent setup. if you look at Feb 6th...around 11:55 am, the DJX is up a few points from it's close the previous day. However, the S&P around the same time is down 1-3 points...and the NAS is down...

One more thing...I also trade off these 3 alone when there is a divergence in intraday highs and lows. If the DJX makes a new intraday high, but the S&P and NAS don't...im looking to go short. If the DJX makes a new low, but the S&P and NAS don't....i'm looking to go long. Look at a 5 min...

Doli, I watch the Nas, S&P, and Dow as I trade...but I don't trade an arb methodology. What i've found (read, and verified myself over the last year and a half), is that intraday, if there is a large enough spread between the DJX and the S&P, the DJX will eventually turn to follow the S&P...