That said, I should add that in my opinion, the EU has better handled their economy and central bank from the get go of this debt/credit crunch. The current US administration is doing absolutely the opposite of what needs to be done... what EU is ...

EURUSD

It should not be the case, however, think of Japan and the yen. They can run deficits twice as high (more even that that right now) and continue to sell bonds and get buyers till the cows come home. If Spain or Italy or many others tried to do that ...

EURUSD

1.2830....New support or new resistence. — It will be a key level to watch over the next few days, either price will keep chopping sideways and continue to fail to probe much above it, or it's going to form firm support for sideways chop moves ...

EURUSD

Just woke up — Got some much needed sleep., and am glad I stayed out of that sideways chop. That break past 1.2830 was weak and hesitant. It was a good example of equilibrium, too many afraid to buy, and too many afraid the down move had run ...

EURUSD

Well F*ck it, I failed to book any profit, and — am lucky I stopped and reversed. I'm flat for a 10 pip loss for the day. I'm staying out for a while. I want to see some consolidation, and then I'l play again.

EURUSD

Something I should have added — One thing you need to be aware of is new regulations are coming in the US in the fall. No one knows what they will be, but nothing really onerous is anticipated. The consensus is we will get limited to 50:1 ...

Okay serious..which Broker...

Caught Nicely by 200 SMA on 4 HR — Lifting as shorts unwind, tepid longs lay their bets. Will be volitile Euro opening.

EURUSD

If I were you, I would first try to find an Australian broker you can live with. The reason is if something requires legal or regulatory relief, it will be MUCH easier for you to be dealing with a company in your home jurisdiction. 10,000 is a lot ...

Okay serious..which Broker...

Flushing the weak long/shorts — Pull up a chair. You will often see this in the very thin market after NY and before Tokyo, and also just before or into the European open. The big banks will move the market past where obvious stops will be and ...

EURUSD

Flat at 1.2887 — Closed the other half of my short. 253 pips booked. Noise for now. Much needed sleep for me. Let's see what happens Tokyo Open Real day will begin just before London Open.

EURUSD

Closing in London should cool off the slide, but bounce? All of you thinking this is an incredilble move, remember time frame. Look at a 4 hour chart and the whole move up from 1.1890 ish. This is just a healthy and not out of order in magnitude ...

EURUSD

Took profit on half my position @1.2895 — 245 pips booked.... will let the market take out the rest. Don't want to get too greedy.

EURUSD

1.2777 but I'm trading a higher time frame than you may be. That's the 38.2% retrace of the whole move up. Don't really expect to get there today. That said, I don't trade w/ take profit target. I think it'll get there, but I may go flat and re ...

EURUSD

It's all the dollar shorts getting stopped out... leads to lower price, where more dollar shorts bail out a cascade f*ck the oil.

EURUSD

Oh what a beautiful day.... I think this meets the definition of a cascade of stops.

EURUSD

We're gonna get to the 38.2. Maybe not today. But we are going there.

EURUSD

You know how that works. It gets within 15 points of a big fig and its like a magnet.

EURUSD

How much money are you going to open your account with? What country do you reside in? Serious questions.

Okay serious..which Broker...

You've already been given good advice on brokers... I want to suggest that demo accounts are fine to learn the software, order types, etc. You are on the hook for miskeyed orders etc., so you need experience with whatever software your broker will ...

Is it safe to deposit $50,000 in a single broker?

Got back to 3098... a better place to short ahead of the 3073 break out.

EURUSD