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I'd wager that nine of ten of those in the "droves" you mention would not pass suitability muster for futures trading. Others may simply (and wrongly) believe that because the dealers' platforms are accessible, test-driveable, and tricked out with add-ons, they must be better than, or at least...

They wouldn't.

Today's session won't breach yesterday's low, it now appears, so second entry unlikely to fill. Take it down. Ride only the first, which is back above water.

First drawndown again, keeping lower entry for second at original, .__8882, if filled, stop at .8842.

Long one near-month Yen at open last night at .008908, stop at .008867 (41 ticks). Modest drawdown, 13 ticks, before rising above water, where it is now (and has been for most of session). Lower entry for second not triggered (yet). (Compare last week's Yen long, which featured 11 tick...

Caveat: I won't sell/stop first contract, bought at open, at anything less than 15 ticks below entry for second contract, which is to be bought if/when .008882 pierced. That math means, for example, if open at .008915, stop for that position would be .008867 (48 ticks, not 40 ticks).

Today's early skittishness of Nikkei 225 futures on CME evaporated, with futures strengthening to close. Portends strength of cash index tonight (Tokyo business Wednesday). I will buy Yen/USD, near month CME futures, at Globex open, 5 pm CST, 30 minutes from now, and again if/when contract...

Yes, I know, but there always seemed to be that one contestant who couldn't be run off, gong or not, kinda like a bad cold you can't chase away, or bothersome fly that won't shoo, or a blotchy, chronic skin condition.

Some comic relief is in order, I gather. Kinda like "The Gong Show," for those of you old enough to remember Chuck Barris.

Depth Trade, I'll add to above that, given the tricky terrain (tricky to me), your call to long USD at 112.55 is a good one, and bold. It's well above water, which is the only comment that counts.

OK.

Nikkei 225's robust rise of 1600 points since my call to buy the index on July 27th has been Yen positive, very Yen positive. So positive in fact that it is has counterbalanced the dropping surplus of Japan’s current accounts caused by higher energy. That drop (the falling surplus) is Yen...

Not enough either side of USD/Yen to commend a position long or short at present, or, perhaps more accurate, there's too much on both sides of the pair to commend a choice. I don't expect price action much under 112.00 (spot) or a move to 113.00.

Thanks for replying. Loonie over euro, today or 50 days, is a pass for me, not because of what you've said, but because I'm not convinced of continuing strength of energy prices. The sentiment for CAD, as I understand it, comes in part from high crude prices.

"Fair Value" and "respect the trend"? Please explain what you mean by those phrases, and also describe even generally the data that produces the values you give. I am genuinely interested, and I assume that "trend" (your definition of it) means something more than the ground gained by USD...

Exited: .__9072, plus 52 ticks.

It’s 7 am Tokyo, 10 hours to go, for those playing at home. Trailed stop to entry ensures no worse than a tie. Right now, trade is 55-65 pips (spot)/45 ticks (futures) above water. Pick your own exit, assuming today doesn’t produce a pucker-free glide to original take profit at or below...

Although CME volume way up just in last two months, corresponding to index's robust move up.

On move to 111.00, stop should have been trailed (moved) to entry (choice within range 111.85-.95). See seven posts above (counting this one), initiating the position.

Bloomberg reporting today, Sept. 21st: "Japan's recovery is 'becoming sustainable' as rising corporate profits help spark business investment and consumer spending in the world's second-largest economy, Finance Minister Sadakazu Tanigaki said."