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I agree the very short term fluctuations are quite unpredictable. We don't have the usual nice pullbacks and pullups. Instead we have these short and sudden sharp reversals.

No games. Open book, what you see is what you get. Regulated market. The only advantage of retail forex was guaranteed stops but that's gone now.

Well I'm trying to catch the "big crash". Meanwhile, I'm getting smoked like a nice slab of Alaskan chinook salmon :)

Why don't you trade the futures ?

A friend of mine who has absolutely no clue about the markets told me yesterday that he wants to buy Euro--He thinks that it'll go up to 2.0! Maybe 1.3 is indeed the turning point :)

I'm going to pluck Moscow's hair like goose feathers :)

You like going over all of the news, reports and come up with nice commentary. You should start your own web site. If you get 100 subscribers for $100/month, that's 120k risk free/year :)

Well if this downdraft gets bought again, I'll puke my lungs out. Anyway, I parked little bit better than breakeven and waiting here.

Indeed. I'm trying to play both sides but longs have been very aggressive. Shorts also started hurting me. Well, I'm giving the short side one more try here.

It looks like market moved up 25-30 pips after the last TIC release. I don't have much experience with it either.

Sorry man. I don't know the details. I usually just go with the charts anyway.

Your profit is my drawdown :) I ended up tweaking my stop thus causing an almost 70 pip drawdown bottom-to top. From entry it's about 35 ticks. I decided to be stubborn and this thing trended up picture perfect...

Yes, I have it as 9am EST.

Check this out. Make sure that you don't get caught off guard. This was something that I didn't pay attention when I was trading the indices... http://www.nasdaq.com/econoday/reports/US/EN/New_York/tic/year/2004/yearly/11/index.html

If you're still long tomorrow, would you hold through the TIC release? Or would it depend on the P/L of the position?

I'm watching the market waiting to see what the European and UK open will bring. Monday was a very interesting session, there were bursts of aggressive buying and selling. I'm seeing short- term downtrend develop, so I'm betting on continuation of that pattern later tonight. Of course, for the...

I've been short (scaling in and out) from 50s in the US session. Still holding my short. Current stop is around 60s.

Yes, you need to find out the optimum of what you makes you most comfortable. For me the best combination so far is scaling in and out. For instance, if I feel like things will stall then I scale out a bit. Also, to prevent revenge trading, I leave a some contracts on the table even if I feel...

I tried to do similar things like taking profits and waiting for a pullback to re-enter. What happens is that sometimes you have a very shallow pullback and then a sudden 20-30 pip movement in the original direction without looking back. Maybe you can do this with half of the contracts. The...

The day's damage was about net -40 ticks. Trading a day like this, made me feel like as if I fought in Vietnam!