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Yes, with some loss. Maybe I'll reenter if the opportunity presents itself, still see it going up. Around 90 with stoploss at 70 would be a good setup, but I'll wait to see if it bounces of the 85 level.

Stopped out, big number.

My guess is that it's only a temporary correction, I'm long at 3357 after the bounce from the 50% retracement.

Search the forum for globalFX. The main argument against globalFX is the use of FXCM as broker I guess.

Really? Only for US citizens, or for all US regulated companies?

I don't believe 'everybody is already long' can be a valid argument, ever. Remember that the market will move to correct buy vs. sell imbalances. So if a portion of the shorts decide to give up their short position and go long, it could have a major effect on the market. It does not take massive...

Damn, this thing is shooting up fast. Only two big figures from the ATH.

If I remember correctly, you exchanged your account funds to USD, in anticipation of a USD (long term) appreciation. Do you still hold this view, or did you exchange your funds back to EUR? I made some pips from the EUR slide to 3100 today, but the up move will likely continue. Or maybe a...

Yes, this is correct. Though I don't know how you get the 360% per contract. If you mean 10k trading size = 1 contract, you are correct. Spot FX does not use contracts :)

Is this data right? EURUSD,D,20040607,000000,1.23270,1.23420,1.22990,1.23220 For the 7th of june it shows a 25 pip range. Now at my provider... there is also data for saturday??? There are more entries that do not seem right.

Anybody long GBPUSD? This looks like a good setup ... http://img148.exs.cx/img148/5984/gbpusd3im.png

EURO is moving up nicely from the lows near 2700. Don't think 4500 at the end of the first quarter is likely, but near 4000 is certainly possible.

Made 50 pip going long today :)

Chinook, where are you? Do you still daytrade or only automatic trades now? :) I don't think my long bias was such a good idea, switched to short ... or maybe I should take no bias, but that would be VERY difficult. I see the EUR dropping to the 50% retracement at 2710.

It depends on what you mean by 'socialism'. When referring to a system where (some sector) goods/services are produced by the government, the answer is no. Though public goods, where the free rider problem exists, can not be offered by the market, the government can choose to levy taxes and...

Oanda Spread Statistics - scroll down http://fxtrade.oanda.com/resources/spreadstats/spreadsminmax.shtml

Is this the bottom for the euro retracement? Next week, up euro again?

Thank you for your explanation. So far, I have never had trouble getting fills or slippage. A few trades back I was stopped at a number spike, right on the pip, no slippage. Though this was still small size trading. Also, I am from the Netherlands, so the US tax system does not apply. :)

Clients open short trades for EUR/USD totaling 10 billion. Clients open long trades for EUR/USD totaling 11 billion. Broker matches 10 bil short against 10 bil long. Market maker has no risk over this volume (10 + 10 bil) as it is matched. 1 bil long remains. They hedge this with a 3rd...

Yes, I'm from Europe, of course I'm a communist. :D Discounts for high volume creates price differentiation, which does not benefit the transparency of the exchange/market. Next to that, there is no benefit of more high volume players for a retail market maker other then extra revenue...