Hello everyone! I apologize for the delay in posts but I’ve been very busy trading and preparing to take the Series 3 test to become a CTA, more on that later.

Tonight I have some quick, random thoughts to share.

Question: How many of you think $1.60 is on its way? How many of you are shorting $1.5860?

USD/JPY Trade Idea

My morning paper (yes I still read a paper) told me WaMu is the latest house of cards to get billions they don’t deserve to keep their doors open. Upon reading this I thought to myself risk aversion will be flooding into the market today since just earlier this week the “experts” filled cable network time proclaiming the worst was behind us.

Here is the short trade…

Good luck!

-Ryan

Forex dealers registered as FCM’s must submit a monthly financial report to the CFTC which select parts of are published. I highly encourage you to keep tabs on the financial status of whatever FX dealer is holding your risk capital.

The report is available here: http://www.cftc.gov/marketreports/financialdataforfcms/index.htm