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Well don't get me wrong, I am neither long or short yen as well, and don't really pay attention to technicals as much. But betting on further yen strength would for me translate into a bet on further depreciation of the commodity bloc, among other things. It would fit well with your other long...

I just meant around these parts (mostly among those trading retail spot), where some believe being long EUR/USD in one account and short EUR/USD in another provides some kind of advantage . . .

It's a tough question I've asked before and never really got a clear answer. Mark's post is probably as good as it gets. I don't know how much leverage you use, but with what's allowed with futures, it's safe to say that you don't really need the capital you keep in the account. It might...

Just wondering, you attempted to buy the yen a couple times last month if I recall correctly -- why not now when it's finally showing relative strength? Would also be a good complement ("hedge" is such a dirty word around here) for your other shorts. ps- you don't need to thank me for the...

What would you respond to a person who asked you "I have 400k, how much can I make playing no-limit poker if I just go all-in on Aces and Kings and fold the rest?" That's pretty much the analogy. :)

The OP has it completely backwards . . .

Having "rules" without an understanding from whence they came means nothing as you won't know when to break them.

I upgraded yesterday with much trepidation but surprise! I had no quote issues whatsoever (this is just with futures), even after NFP's. In fact, smoothest first friday in a long time.

I think I disagree . . .

Figured at least one retail spot shill to voice a contrary opinion, none so far. It's awfully quiet in the fx threads today.

Means CANNOT LOGIN. No choice but to upgrade.

At the risk of propigating stereotypes, a Chinese bubble that gets into the public blood the way ours did will make the nasdaq and japanese bubble look like peanuts -- gambling and speculating are "in our genes" so to speak. And speaking of, a great way to balance out the trade deficit...

No kidding, thanks for the classroom lecture. :) If you went around just thinking "it's all about price discovery" without asking what's behind the movement, you won't get very far beyond trading "levels" and S/R and all the rest of the leftover stuff most traders have to resort to. Some...

Is this all due to overseas strength, esp China? When nasdaq rocketed to 5k I think we dragged many foreign markets up with us, I recall the nikkei hitting 20-something K by our own peak. Are our markets going to be buoyed so long as they keep flying across either pond?

Maybe it's just me, but I find sif movement alot more difficult to figure out than the dollar. The globex contract does make for bigger dollar moves than es or nq, so in that sense it's a riskier place to start.

I agree that most retail forex is a scam, but how do you compare stock index futures to trading currency futures? Completely different game.

More manipulation!! Call the sec. Or Bob Pisani at least.

You misunderstand me, it doesn't matter how much you're risking, it's just a bad habit. Anything will work if you trade it small enough, and have the funds to keep pushing while it's down. The best way to win at roulette is to either gamble your entire wad on red or black in one shot, or...

You might as well wait for tomorrow and NFP's, with the higher volatility it's much easier to "make up" for losses. I'm glad it worked out for you this time.

Given that the "eventual winner" being large requires larger position sizing, he's going to find the first part of your sentence rather difficult. romik, trust me on this, flipping positions and increasing size is a quick way to find out "intraday trading isn't for you" aka blow out. At...