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Just an observation -- no wampum behind it, not yet: tonight's hot from the gate start of the Nikkei 225, a carrying through of a fantastically feastful second half 2005, may be illusory. I mention that in this thread because YEN strength gains synergy if, and to the extent, foreign buyers of...

Stop for Friday's added near month CAD long is .8550, which is slightly, purposely under the avg-in entry of original two longs. Whipsaw low on Friday dove at, but did not reach, the original avg in.

Not taking shots at JimRockford and Misha7 -- their posts are a fair colloquy -- but I don't get these headscratching questions on a meaningful definition of bucketing and bucketshop. To me, the CFTC's definitions are DEAD ON CORRECT, no embellishment or elaboration needed. From the CFTC...

Congratulations to ET, its administrator, moderators, and veteran members (a group I’d like to think I’m in, if only barely making the cut). The applause is tempered somewhat, or possibly, by something not much in ET’s control. I’ve noticed an onslaught in the last day or so of...

This trade (today's addition to long position) now above water, but not without pucker. CAD promptly fell 40 ticks from my entry, to just above the avg-in of my initial longs (at .8560), or more than half the distance to my day-only stop. Still, total drawdown to date on all three longs (28 x...

Bit of knife juggling in CAD last 30 minutes. Those intra day guys are a hoot!

Bought one more near month CAD future this morning at .8602, upping position to 3 from 2. Original stop and target the same for first two (no trailing stop), with today's addition to be stopped today only at .8530 (just under week low). Profit target for addition is anywhere north of .8760...

Endeth the lesson. That said, many persons diving into forex -- including some with other trading experience -- determine to learn the lesson first hand. I'm in that "tuition paid" class.

Entry prices not seen overnight (Asia/Europe Tuesday), but met yesterday morning USA, and entered both CAD near-month longs at that time at avg-in .8560. Below water all of rest of yesterday, max drawdown 28 ticks from avg in, or about 40 percent distance to stop. Ground recovered last night...

I like the CAD near month future slightly lower than just this moment and will buy one or two tonight (Asia or Europe) if near month drops to .8565. Will buy one at that price, second at .8555, with stops for both just below .8500. Target: .8725 and willing to hold for a while to get there...

No forex trader has lived who can profit by risking 2 for one. One for one is a terrible risk/reward, and risking even one for a profit of two is amateurish, except in compelling circumstances. Add to those points the silly notion that this catastrophic risk/reward can overcome via 10-pip...

Frege, The depositor and investor insurance protection Saxo Bank advertised at the time I had a forex account with it, and which was spelled out in my customer agreement, is created and run by the Danish government, not the EU. It applies, according to Saxo, to cash deposits. My educated...

Correct. But then again, isn't Electric always correct?

From the definition at the url surfer provides, "Today's instant price quotes and executions have eliminated the original scheme . . ." I believe that refers to stocks only and the instant price reporting of exchange-traded equities. If so, the difference between those characteristics of...

Ms. Lien strikes me as a past-poster par excellence, meaning she is skillful at touting her prowess at capturing large fx moves after the moves occur, but without first having attended to the detail of calling the move ahead of time. That disqualifies her in my book as someone to take...

All long YEN near month closed, at avg .008504. 8504 chosen solely for two reasons: it was available within the last hour and it yielded an above normal reward to risk, based on original plot, which was subsequently adjusted to avg in entry of 8304.

To all customers of fx retailers: who's your daddy? Above is the best, most insightful description I've ever seen here.

121.40, cash high in USD/Yen, reached Asia Monday last week, is still in the rear view mirror, but just barely, and it won't be visible much longer.

Through this afternoon, the trade below, entered (and posted) last Friday, is above water by 58 ticks, from an avg.-in of 8304, after riding out drawdown overnight of 37 ticks. ------------------------------------------------------------------------ Quote from Chood: . . . I have taken...

Through this afternoon, the trade below, entered last Friday, is above water by 58 ticks, from an avg.-in of 8304, after riding out drawdown overnight of 37 ticks.