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Ammo, I believe you can make bigger returns in currencies at the moment, also, as LC has mentioned they aren't that easy to manipulate as equity markets. I posted that link about pre WWII not to educate, but so people could compare what was happening then to now. We haven't reached the climax...

http://www.historyonthenet.com/WW2/causes.htm interesting facts on pre WWII

Euro struggling, failing on current upswing

EOW 7 (2010) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2740201>

Changing Reverse order to 1.3660 (red tick on chart). Main reasons for tightening reverse/stop are: Technical signs of oversold conditions seen via RSI grail, MACD Histogram points to strengthening price action, price at lower band on Bollingers, EUR bounced of 61% Fibs beginning March 09 -...

http://zfacts.com/p/318.html

I know Buy1Sell2's current chapter is about breakouts, I would like to see more discussions concerning volatility/range expansion analysis. ImPO traders need to concentrate on those times and forget about chopfest times or misery ranges.

Ok, so we got a doji on weekly close, we also have oversold conditions on oscillators + divergences, smells like a 400 pip bounce in the making. Most likely will get stopped on current trade, again, oops :)

Euro daily pa points to a bounce

http://news.bbc.co.uk/1/hi/business/8512656.stm

They just shot themselves in the foot in a way. Oh well, another confirmation that they can't be trusted, only recently the FED said that rates will not be raised for a considerable period, what is considerable? A few months?

-172 pips (-£688) Now Short 1.3528 £8 per pip (Reverse order 1.3790 £16 per pip) 135 pips required to break even 185 pips required for +2% 235 pips required for +4%

Ammo, just curious, have you ever traded from the long side?

Euro since Feb 5th - LL - LH - LL - LH - DB (for now)

AH

I see Euro bouncing to 1.4, agree with you about further downside to come

+100 pips required to break even +200 pips=+2% +300 pips=+4%

-117 pips (-£234) Now Long 1.3700 £4 per pip (Reverse order 1.3528 £8 per pip)

But what about US debt spinning out of control? I believe in future currencies crisis suggestions.

imPO bounce is brewing on Daily and hourly charts.