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My apologies. I trade the spot market so I'm not "up" on the futures aspect of it.

The most interesting thing about about the past few days has been that while there's been plenty of money to be made being short the dollar, long Euro and/or long the Pound weren't the ideal trading vehicles. I think cable and EUR/USD were pulled along for the ride, but I don't think they led...

Got it downloaded and I'm playing around with it now. Another toy to play with! :D Thanks!

I wasn't aware that RefcoFX offers the Thomson news service. As I trade through them, I'll need to check it out as I like their reports. Thanks, Steve

I trade (okay.. I attempt to trade lol) the spot market so I'm not able to check the depth of the book and I'm no where near big enough to be able to talk to a trading desk who might have this info. At this point, I'm still trying to figure out what works and what doesn't; the best way for...

My apologies. I clearly didn't fully understand what you were trying to get at. I think you may very well be on to something as I suspect it would incorporate your scalping abilities. I've never felt comfortable trading S/R so I'm not sure it would work for me. Basically, the closest I...

I'm honestly not really sure why I'm more comfortable letting equity positions go; I suspect it has a lot to do with the nature of trading on margin and as such the "unlimited potential for loss." As it stands now, I simply don't have the experience to have the confidence when an FX position is...

I think any strategy needs to take mental health into account. If you can't actually follow the strategy, it doesn't matter if it's based on a sound premise or not, because your mental insecurities will negate the position/strategy. For example, last night, I shorted EUR/AUD and went long...

Thanks for the insights, Neal. NZD/USD and AUD/USD look like good candidates as well. I think AUD/USD has a lot of potential because it's not only a play against the weakening dollar, but a play on the growth of China. While I think there are a few plusses for playing the Euro long, I'm not...

Neal, Just curious why you chose to play your short dollar against the Euro? I'm aware you trade futures so that may be the reason, but I still tend to think that short USD/CAD may be the best short dollar trade around. I'm kicking myself for not riding it out the past few months like I've...

Argh. Please excuse me while I slam my head against the wall. Ugh. Sorry for the whining... just getting frustrated. I hate having fairly good intuition on direction, but lacking the balls to see them through. Hopefully I'm starting to develop it. Congrats to all who were short the USD...

Is it just me, or have things finally started to pick up again? For the past few months, it seemed that there would rarely be any significant movement outside of the European/U.S. trading hours; lately, it seems there's been a lot of movement in the Asian session as well.

Ah, if only I had had the confidence to stay in my short USD trades. Way to go, Neal; excellent trade!

Excellent results, saki. I'd say you're definitely on to something. Enjoy your vacation. I look forward to watching your journal progress when you get back.

Very true. I don't mind being a little early - you have to expect it if you're going to play reversals - but I just hate the feeling it's going to be perpetuous, which is why I don't go strictly off overbought/oversold. Regardless, whatever works!

Thanks for the insights. I love trading reversals myself, but I find MACD to be the best indicator for me. When used as a trend indicator and a momentum indicator, I think it's the best... at least, best for me. I just find it helps cut down on the drawdowns. Not all the time, of course, but...

Could go either way. Technically, I'd say down because the weekly trend is still down; the upmove thus far hasn't really made a dent in that picture. Fundamentally, it gets muddied because I think it's clear the market is expecting poor data, but it's almost like no one wants to act on it...

I'm not sure that I'd short it now, but the 4h chart is showing some compelling reasons to do so: The 12:00pm candle is a doji, and the candle currently forming is showing as a shooting star. With stochastics heavily overbought and momentum appearing to be fading, could be ready to move down...

Excellent results and system, saki. I was just wondering if you plan on changing your system at all if (when..) the markets start trending again? I'd imagine that could potentially hurt you if you just go off overbought/oversold.

I'm not really sure if finding non-correlated pairs is really necessary. Also, over what time frame is the data showing those three pairs to move independently of each other? I'm just curious if it's a long-term relationship or short term (i.e. years vs. months). For what it's worth, from...