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Exactly, on requesting quotes they pause so if the price moves against on request they'll fill you at the requested price, if vice versa they'll requote you. So the only honest prices you get is via limit orders as they are done automatically.

I like the front in pushing me towards propfx, when I'm not happy with fxcm.

Look for a bounce off 1.1050 2% MA envelope. Doesnt usually stay under this for long.

Short at 1.8285 - political pressure will weigh on this after wednesday when the Labour Party does disastrously in the local elections.

Beware, if put on manual execution by FXCM, there is no appeal process. On manual, they slow the quotes, requote, and take ages to execute (if you are in profit). For instance, you can never get the price you see on the screen, unless the price pauses for 30seconds (unlikely) I think they do...

Apparently the dollar strength is a result of strong ISM numbers today, which caused profit taking and crucially the CNBC report reporting Bernanke saying he was flexible and not doveish, and thus misinterpreted last week. A top is in, imo.

I think there will be a correction at somepoint. Lets not forget cable has risen 600 pips in 3 trading days. However, i wouldnt short yet as the trend is up. Its a data-heavy week, so a lot can happen. I think playing the crosses such as Eur/GBP, Eur/Chf and Aud/Nzd are more predictable ways of...

Closed at 1.23 for +104pips, after bounce off 1.2285 yearly low.

The only position i've got open is aud/usd short, and that is surviving by the skin of its teeth.

Closed long at 1.274 yesterday. Just gone short at 1.2404, after the Iranian minister said "I dont give a damn about UN sanctions". Expect the weekend press to have a field day with this headline, going to 1.22ish

Ivanovich, do you have any evidence of month-end ramping? Hard to get the timing right on these things. I think there will be a sell-off in commodity currencies, as Gold just hit $650, and it wont hold that 1st time. Probably USD/CAD would be a good play at the 1.12 level (11yr low)...

Another 230pip rise today, despite a poor political situation, a tepid economy. Force Majeure. I think the fx market has become the next hot thing after the commodity market now. Its hard to comprehend risk/reward in this market.

Long at 114.20

You mean holding, as in not raising rates? I think Eur/Usd just wants to iht 1.2590 for its ambition to be fulfilled. I cant believe there is anyone else out there to be long?

short 1.2573

I think your correct. I think there has been a deliberate attempt to weaken the dollar: G7 comments (who are the asian currencies going to strengthen against...umm let me guess their main trading partner the USA), Fed governers warning of a pause. It changes the way we intrepret data, by saying...

I am in the same trade shorted at .7578 yesterday (as posted on the aud/nz thread). I think this will work out for us, as despite new highs on EUR/GBP/CHF against the dollar today, the AUD/USD hasnt beaten yesterdays high. Also the RBA meet next week, and I dont think they'll raise, hitting...

Euro bulls will suggest its like looking in the rear-view mirror. Crazy times. Whats your opinion for rate meetings next week? I say: ECB - no change RBA - no change Reality will hit then.

Agree, I think all the bad news is priced in now, bar a war with Iran. If you look on the daily charts, you'll see an inverse head and shoulders formation, with the neckline at 1.22. When the ECB doesnt raise rates next week I think it will test that area. The market has overshot this week in...

Yes. Should hit 1.815