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I certainly would appreciate you or anyone else giving me an accurate, well-timed forecast for YEN. Not too much to ask, is it?

Bumping this one cause its that good, although the kool aid drinkers and moonbeam bathers targeted by fx retailers are about as likely to read and appreciate it as they are to profit from "trading" in their mini accounts.

Closed my AUS position this morning at 24-tick loss per long. (x 14)

The above explains the famous advertising campaign of a well-known moneygram biz.: “Play with the Big Boys in Forex, Wire Your Dough Here.”

My guess, which is not uninformed, is that a single act of wiring money home by a guest worker (Germany to Turkey, for instance) is more involved in the foreign exchange market, and has more influence on it, than all the trades of any 100 customers of a fx retailer.

This is my understanding as well. The percentage of forex trading that is purely speculative is 90 percent (or close to that), not 10 percent. The latter is the OP's assertion. The percentage of purely speculative trading has increased in recent years and continues to increase. That would...

The retailers' shill budgets are dried up. The waters are fished out, no more minnows to bucket (or too few to chase). Unless I miss my guess, the bucketeers even are cutting their "lipstick on the pig" budgets. I see where Kathy Lien and an "analyst" colleague have set up their own signals...

Good luck on the trade. Trust me, "tolerance" is more accurate than "threshold." Threshold got crossed some time ago. I've yet to have someone hand me a bouquet when I win, so I'm not looking for a crying towel either.

Famous last words. I am surprised the forex threads aren't popping. Not only over today's action. The last month or so has been a terrific time to kill or be killed in these markets. Is anyone working? (P.S. My AUS longs continue to survive the bloodbath, but only barely, and without...

No way they are that heavy. We're not talking frozen chuck here. Now if you're talking pendulous, yes, I would agree, no question.

I caught that too this morning. Delicious that she knows to do that. I'm waiting for Carl or Joe to say "sweater puppies."

JGB yields explode overnight, destroying pillar one of my long AUS position. Pillar two: Aussie mining stocks, so pretty one week ago, became weeping sores overnight, based on yesterday’s beat in metals. (Ivanovich signalled that risk, although I did not expect it to materialize in less than...

The metals/mining pillar of my long Aussie position, addressed in your post below, could bring me to grief, although I do not believe so (not yet anyway). I believe yield still is primary, which is why I consider yield changes of US treasuries to be the key. My other pillar, continuing low JGB...

The above reply mentions Oanda. Oanda is one of the forex retailers – “brokers” as you (the thread starter) say in your post, although Oanda is not a “broker,” nor are any of the other fx retailers – that sells unregulated forex trading. It is a seller of the trading, not of the...

One of the four items below does not fit. I know, kinda like an SAT question. Which one is it? Hint: I trade a regulated forex product and make money at it. (By the way, 2006 volumes in CME currency futures are way up over 2005, euro by itself by 65 percent, and euro and others on GLOBEX by...

Most important price action around FOMC release (leading to it and after): US ten-year note higher, yield lower, which is good for my position. USA payrolls Friday, if cold (colder than expected), could launch AUS futures thru .8000. That should be true even if hourly wages are higher than...

I view today's back up in AUS as unremarkable profit taking. Recall just two sessions ago AUS could be bought more than 100 ticks lower than yesterday's high. I'm standing pat with a very large (for me) long position. Loss of nerve would require US treasury yields to move substantially...

Thanks for the reply. The market, with today's extremely nice pop, is idiot-proofing my position. (I mean proofing it against mistakes by me.)

Bought ten of my 14 long AUS futures slightly under .7800. To date, on those ten, the max profit versus max drawdown is better than 20 to 1, attributable mainly to puny drawdown. The entries are excellent, in other words. The purchases came over two sessions, the second shown by the post...

How about the madness in AUS? Grenade juggling with the pins out.