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1. The Bid/Ask is the spread. The ask is the price that you buy at and the bid is the price that you sell at just as in spot. 2. Some argue that the spread is tighter, however I find them to be about the same. You have to keep in mind that the quote for USDCHF, USDJPY, and others will be...

What is the deal with this 16 year boy on a first date simile? :D

Finally, 1.1900 EURUSD broken in the early hours of the European market. Now trading at 1.1877/80. Key levels to look for are 1.1866 (7/5 low) and 1.1758 (4/25/04 weekly low). 1.1758 should be strong support. USDCHF now trading at 1.3069/74. I am floating a profit of 254 pips in 2 days...

Thank you, quickturtle. We saw 1.3066 USDCHF high in the American market this morning. It is at times like this that I find it hard not to take profit. I am patiently waiting for EURUSD to break 1.1900. I wonder if there is such a thing as a quadruple bottom.

I remember reading his book "Investment Biker" and reading about him in "Market Wizards".

Maria, the trend is your friend. Triple bottoms are rare in forex. Right now in the Asian market EURUSD is under fire. I am sure that there are lots of sell stops under 1.1900. Not only are there stop losss orders, but orders to open a position on a breakout of 1.1900 as well. Think about it.

I really do think that the doomsayers are making it worse than it is. So doomsayers, let me ask you this. How come Canadians are allowed to withdraw? The people at Refco FX love to eat Canadian bacon? :D It just doesn't make sense that if customer funds are all gone that the Canadians...

I am long USDCHF at 1.2815 since Sunday. I am looking to close it out around 1.3227 (4/25/04 weekly high). This should correspond to about 1.1757 on EURUSD. Anyway, 1.1900 needs to be broken as soon as possible. You don't want anyone to look at the EURUSD chart and say "triple bottom".

They told me that they are part of the Refco Group, which is regulated by the CFTC and registered with the NFA. NFA# 0198028. What I find interesting is that they are allowing Canadian citizens to withdraw from their Refco FX account starting today.

Chapter 9 from "Pit Bull" by Marty Schwartz. The broker went under, but clients funds were not touched. I know. That is a futures broker not a retail forex broker, however they are both regulated by the CFTC.

Hopefully, Baltimore doesn't get blown up. I like eating soft shelled crabs. :D

I understand that there is no governing body in forex. However, these retail forex brokers are regulated by the CFTC in America. It is a grey area. Let's see if it means anything.

If Refco FX has filed for bankruptcy, then can they touch customer's funds? Does being regulated by the CFTC and NFA mean anything? If it does not, then this will have a lot of repercussions in retail forex.

What is the compensation package? 20% of profits? Health and dental insurance? :D Any perks?

Areyoukidding, I am not worthy. The entry point looks good, but we all know that entry point is only one half of the trade. Exit point is the other half. USDCHF made a high of 1.2974 in the Asian market today. Now trading at 1.2946/51. I am floating a profit of 131 pips. I am looking for a...

Thank you Zastaber. Now back to business. It is the start of the American market. USDCHF traded as high as 1.2941 in the European market. Now at 1.2919/24. I am floating a 104 pip profit. I am looking for a break of 1.1993 in EURUSD. This marks a 61.8% retracement of the move from 1.1912...

Just woke up briefly from my sleep to check on the forex market. USDCHF and USDJPY now trading at 1.2913/18 and 114.63/67 in the European market, respectively. Now that 1.2900 has given way, I am looking for a test of 1.2926 and 1.2947. It is interesting to note that 1.2900 was easy to...

Di nhien minh la dep trai. Sakimonohito la nguoi Nhat ha?

Long USDCHF at 1.2815 this Sunday afternoon. I have decided to use the selloff from last Thursday 1.3019 as a buying opportunity. It is interesting to note that the move down from 1.3019 to Friday's low 1.2776 forms an ABC correction where wave A is almost equal to wave C. Key levels to watch...

I am long EURUSD at 1.2130.