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Do you think that this current pullback will take us down that far, though? I'm expecting - provided that the longer-term uptrend is still in effect - that the current pullback will take us to the major trendline, and then resume the uptrend. Probably the highest that might happen is around...

Im counting on 1.337 - not an uncommon opinion.

I would expect it to stay relatively quiet and flat for the rest of the day, as volume goes home for the weekend...

I see; thanks.

If I may ask, what is this "River" level that's been mentioned a few times?

Had some good trades this week. I think I'll be trading the eur/usd long some more in the future, but I'm waiting for a bigger pullback, and I think one is due. Following this market around the world has been exhausting, but well worth it.

There is a lot of important data this week. I am new at currency trading, though I've traded stocks for a while. I really am not sure what to expect from this week. My trade is at its target, and I am sorely tempted to take profits. My friend in the Pentagon says... well, i haven't decoded his...

What are your thoughts on the new home sales and durable goods data coming out today? I feel like it will be better than expected, and trigger some profit-taking. I'm planning to tighten my stop before the news. Are you expecting good news (good for the US economy) or bad news (good for the euro) ?

You have to choose from a pre-set pool of pairs that your broker provides. You should read more about the currency market and the basic dynamics of exchange rates - that will clear things up, and will make your question about inverse movement kind of irrelevant. It may make you rethink that...

Gotcha. Thanks. As we speak, eur/usd looks like it's breaking out above 1.36165.

That's good to hear - thanks for the info. Just out of curiosity though: when I trade stocks, I use limit orders, except for stops. For stops, I use stop market orders. My reasoning is that a fast-moving price could potentially go right past a stop-limit order, and NOT stop me out - whereas a...

... or for that matter, have you felt that IB goes hunting for clients' stops?

That sounds positive. Thanks. How about stops - do you use stop limit orders for stops also? Have you had any problem with your stops being honored?

I also am not having a problem - I'm in New York City. I'm not actually trading currency on IB, but I'm able to access all of their stuff. Can anyone tell me about what I can expect as far as slippage, trading EUR/USD on IB?

Traders, I am from the planet Nazdak. I wish to learn more about your Euro trading ways. Am considering opening a long position in EUR/USD; but I have a question. I am trading on IB. What kind of slippage should I expect on my stops, in IB Forex trading long EUR/USD? And for that matter...

I know it's off the subject, but can any IB user tell me what kind of slippage I should expect on stop market orders in IB Forex? I trade stocks, but I'm considering opening a EUR/USD position.

Ensign SUCKS in my opinion. For just about everything, not to mention customer service.

I know it seems weird, but there is something called chaos theory. You can't just dismiss something as nonsense just because you don't fully understand it.

Sometimes, the fact that a price does NOT get held up at a fibonacci level can be an indication. I have no idea why prices would obey prices related to the fibonacci series, but they do. I don't know why the series shows up in nature so much either, but it does. Fibonacci levels are also related...

What would you say some of those are?