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Here's my short term thoughts on the EURUSD and EC as of Sunday 9/24. EURUSD As I mentioned earlier, there are well defined North and South borders for the current price distribution dating back to June 2006. The North border is 2830. With the assistance of CB selling and option related...

Sunday 9/24 Update on these postions... Short 50 contracts EC at 2850. Closed at 2843. Up 7 ticks or $4,375 Short 20 contracts CD at 8977. Closed 8970. Up 7 ticks or $1,400 Short 10 contracts BP at 9041. Closed 9023. Up 18 ticks or $1,125. Long 10 contracts USDJPY at 116.19. Closed...

***Lord Rees-Mogg on the State of the E.U. I have been a reader of the European Journal for many years. Occasionally, I have written articles for it. I admire its approach of rational and scholarly Euroscepticism. I even have a family connection, as our youngest daughter, Annunziata...

This was a good one..... 15:35 EUR/USD: Small Stops Tripping Off below 1.2800] Boston, September 22. EUR/USD is falling back as position squaring ahead of the weekend begins to test the resolve of speculators with both short time horizons and short pockets. A cluster of small stops is...

It keeps hanging on and hanging on. The ledge looks very dangerous.

3:23 USD/CAD: Holding Just North of 1.1120] Boston, September 22. USD/CAD came under an early downside test of the 1.1120 support level with momentum funds gunning for stops. So far, they have been frustrated as the USD slips into consolidation mode against most of the majors. Dealers note...

Here's a summary of my current positions as of Friday morning. Short 50 contracts EC at 2850 Short 20 contracts CD at 8977 Short 10 contracts BP at 9041 Long 10 contracts USDJPY at 116.19 DRT

USDCAD I am short CD (CAD Futures which is Long USDCAD). In the near term we must overtake the 1145 area and hold in spot. If we do this, there is a good chance of a strong move up in this pair. More to come on this nutty pair. DRT

The USDJPY is also at critical mass currently just above 116. The cards are set for a trip down to 114.60. I am betting against this move and long out of 116.19. If we can over take the 116.20 and hold then I see a retest of the 117.50 area. It is certainly riskly at this point, but I am giving...

Here's my view on the EURUSD right now. This pair has solidly distributed price since June 06. The boundaries for the distribution are fairly clear and balanced. Obviously a breakout is imminent, but which way will it go. I think most are trading North. The North border is 2830 area which...

Long USDJPY @ 116.19 Short BP @ 1.9041

If you are waiting for this pair not to act silly...then you may have a very long wait.

I have a key support level at 1149 and suspect we may ultimately get there. I would not be too quick to sell at this level unless it settles well below. Good luck on your trade. DRT

Maybe. Maybe NOt

The failure of USDJPY to hold 117.50 was a big deal. This has the pair bearish with targets of 116.50, 116.10 and then 114.60. If 117.50 is regained and we settle above then the breakout could go topside. With that said....I am buying at 116.20 for a retest of 117.50. DRT

I am long also Kastro. I am actually short CD at .8977 DRT

Just entered on the spike up... EC Short @ 2850 CD Short @ 8977 (Long USDCAD)

I love his new handle. I think it means....I'm gonna last...or I can not last. How does he do it.:confused:

You should start with enough capital that your risk parameters allow you some leeway. Give your ideas some wiggle room to develop. If you are looking at hard stop points, chances are everyone else sees them also. Think about it a minute. Give yourself a break. Let your ideas develop but also...

I know my purpose. It is written concisely and I refine it year to year to include my new goals. I record it to an MP3 file. I put it in my IPOD and burn it to a CD. Each day when I walk, I play my definite purpose over and over for 30 minutes on my IPOD. If I am driving alone, I play the CD...