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I have two positions now on weaker USD, the USDJPY and EURUSD. The first one is a little profitable - but stuck a little in little action. The other has a similar story - but in one to two hours time that will probably change. Stops are fairly strategic so if they get stopped out - that was for...

The "defending pawn" strategy and bitch-slapping with 1-lot contracts has a whole other dimension on the USDJPY, I must say. I don't know what to call it - but 2-4 "pawns" laid out like "small personnel-mines" ahead of the MMs pressure ... well, hehehe ... :D The best laughs are when the other...

Yes, it was a typo. :) It's a slow process sometimes - different than with the EURUSD - and looking at the crosses like EURJPY is more informative to the process. Unlike the EURUSD which is fairly transparent with regards to traders - but I guess options etc. is very difficult to get a...

I think that the first battle in the USDJPY will be around 104 tonight, with some importer-defending. It seems that US names also are seen capping around 104.50 - according to Thomson. Well, the slow-dance is perhaps fading. The EURJPY seems quite ready for some lower areas too, but perhaps...

Right now I wouldn't like to have to sell JPY vs USD on 6J. There are a total of 6 contracts (1-1-1-3) over a total span of 13 ticks. :D edit: oops, missed those 18 contracts below that first 1 .. well, anyways - not a very thick market.

With the 6J CME future - it just means low participation - thin market. ... and you mean short at 104.30 or buy below 0.009600, right ? :)

I got heavier into the USDJPY on this last bounce. The EURUSD trade I see as more risky, but still probable - although it's roughly -4 now (because I had added a little earlier - I thought the position was very small initially).

I will cut my EURUSD at +20 target - unless it seems the offers reported by Thomson in the area above are just "vaporware".

I wish I could trade EURJPY on futures ... Thomson also notes that the possibility is there of very sharp and strong moves - with USDJPY on a cautionary tone ahead of the weekend and the meetings - while mentioning USDJPY options volumes and the 103.50 barrier. edit: at least I can trade on...

The distillate inventories and demand probably will make for a more volatile EURUSD, and make the USDJPY slide an even more sure trade. PS. I would discourage anyone from trading what I trade - because it's difficult to succeed if you're not seeing what your trading yourself. Sometimes it's...

A stronger USD reaction happens broadly - as we saw - but in stages when it comes to bigger moves. As for longer trend I think we will go lower than 103.

Yes, and no. :) The IB description clearly says it's just a little better than the credit card conversion or converting in banks. So credit cards are 2.5% or around there - and I don't think that was too bad considering ATH. :) I think IDEAL moved more than 10 pips or something. While spot...

Yes, and the possible venting of the recent EURUSD bickering. A win-win for everyone.

I did some IDEAL trades today, and over the last few days. There was such a big reaction when I moved the first 100k on IDEAL that I thought I had to be more careful. I don't trade it as normal - and I would use IDEAL PRO to trade spot right now.

I am taking a little chance here - going long the EURUSD for a small position upward for +20 or +30 from here. On the USDJPY I'm short from 104.34. Nice bang if I get this one right, but I am obviously effectively doubling my position - so both are quite small. :) Small target on EURUSD...

Anyone going into the USDJPY as a side-effect of the EURUSD now ? It still looks as a nice trade opportunity to me. I will go for 100+ target on that one, because it seems like a sure thing. Shorting EURUSD from here is just viable with very small positions I think (for me, that is) - and...

I think that the €$ now has had the brunt of it's move for the day - and not a bad move for that. Look out for good movement on the USDJPY tonight, and the €$ will get some good volatility with the european session tomorrow. The trend is set in motion for the rest of the year though in my...

Getting your thought process right will help you eliminate the demons which haunts you, remember that. If you know what's right - then you at least have a fighting chance. I'm enjoying this day in the sun - because I'm so right - just for now. And when the targets are reached I delve back in...

True, I am a scalper at heart - and see I need to master the system/strategy trading - like you do - to be very successful. I enjoyed reading your journal and like to think I learned something. :) I am trying to get a system that suits me and my "mind" - but am still at the starting stages...

Well, seeing as there is some duality linked to the USDJPY - and it's beginning to drag a little while the EURUSD bounces - I would be careful about that. Think of it as one of the pair pulling the wight of the weaker USD on at a time just now. The €$ bounced slightly - while USDJPY...