David Fuller's view A limit order to close my first and ill-timed CAD/JPY (weekly & daily) position in the September contract was triggered today, before US non-farm payroll data knocked the market back. Consequently I sold a September long at ¥84.85 against my purchase at ¥84.328 on 19th May, including spread-bet dealing costs. The remaining 75% of this position was rolled into September futures at ¥82.30 a few weeks ago. It will need to move back over ¥86 to move into net profit on this cross-rate this year, after losses in the June contract. Today's setback will delay that prospect.

Having sold my NDX 100 Index (weekly & daily) long a little too soon last Friday, I opened a short this afternoon, following the bearish US non-farm payroll data. I sold the September position at 2394, including the 4-point spread-bet dealing cost.

Brent crude oil (weekly & daily) is technically overbought having rallied close to psychological and lateral resistance near the $120 level, where a downside key day reversal occurred in mid-June. This afternoon, I shorted the September contract at $117.70, including the 9-cent spread-bet dealing cost.

Lastly, I doubled up on yesterday's sale of UK gilts (weekly & daily), selling the September position at 121.88, including the 3-point spread-bet dealing cost.

Trading in this choppy, ranging environment is analogous to wandering across a cow pasture in search of edible mushrooms. One will find a few but can just as readily step in muck. I am keeping most positions relatively small and should probably take profits quickly, at least until more of a trending environment returns.