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Your broker was just afraid you would make some money off them before they could requote you. Sounds fair enough.

I take it by "other reasons" you are referring to utilitarian/uninformed traders. The question is, do those buyers/sellers make good market timers to be emulated? They would probably likely be just as willing buyers at a point much lower from here as well. Just a thought.

Not that it matters, just semantics (like almost everything else in here). But I would differentiate between a fully discretionary trader and a trader of setups, however loosely defined.

I guess everyone's idea of discretionary is different.

Simplify things for now. Pick one market, one time frame, one method -- don't move on until you've got it backwards and forwards. It's real tough to try to straddle between short and longer term time frames; more often than not, you end up somewhere in the middle with no conviction either...

Any chance you can do the same for japanese yen contracts (shifting over the decimal place 2 to the right), to make it in line with all the other currency contracts?

If it was that easy to figure out, the last thing you'd care about is a measly few pips every week :)

The only other moniker I see regularly is the "single" currency.

Why would anyone show that much size, if not to spoof?

Nice entry. I'd thought they at least needed to tag 1.1850 before a reversal but looks like I'm wrong.

Yes, somewhat more subtle than the usual fare. And no, it won't make any money.

2mm seems to sound about right, especially if you plan on retiring relatively young. Historical rates on bonds are slowly but continually falling with all the liquidity crowding out yields; consider yourselves lucky if you can lock in anywhere near 5% on your passive nest egg. jmo

Sounds easy doesn't it? Don't fall for this trap. Why not try trading only when you think you can capture 100 pips each time? Trust me, you will learn far more about the market this way.

Way to go ES, pretty soon you'll realize the carry is just gravy :)

Just open 2 demo accounts, put them all in GBP right before next month's NFP in opposite directions. No sweat. :)

I love that piece almost as much as Jeff Koons's bunny

80 pips/day sure is better than a paltry 7% per week, your story is an inspiration for us all. Keep it up!

ES, if you were holding yourself to a higher standard (of honesty I assume), wouldn't you mention that those % returns for a variety of pairs you listed includes the use of leverage, and that the same leverage will easily wipe out any principal you are basing those returns upon?

ES, those numbers you posted reveal otherwise. Let's return this thread to it's owner, and instead you can start a thread called "***** pays 179% for holding USD/JPY" and continue the conversation there.

Oh god, maybe it is true that fx traders are far more gullible than others?