That is base on my past experience in Eur/Usd price action & behavior. And there is what the minor drop during afternoon I was talking about when euro was @ 478x yest 9am.

Fundamentally : Fed will be cutting midnight >2am most probably will be 0.5%

A 0.25% cut will send the euro down.
A 0.50% cut will send euro up a little.
A 0.75% cut will send euro sky rocket.

Right now, the key level is 4750, 4733, the euro must hold on top of these 2 levels to keep its bullish status & I'm looking for key levels 4802,4811,4822 for further bullish. I am slightly bias to euro long, but I long very caution. NO additional EU short in my mind yet, but I will not hesitate to add short if I see euro running out of steam. 

As for brokers, this is the reason why I strongly suggest you guys looking for the biggest brokers, and dont stick with one only. I am using FXCM(Forex Capital Markets) & Oanda, both of them are the largest in fx broker. Check www.cftc.gov, view financial data for FCM.

thanks for ur 2 cents though...
i jusregistered for forex capital markets... they say MT4 will soon b avaiable..   

now tryin ODL... see it's ok or not...

nope...but someone says me trading like a robot....can someone tell me what is robot style? using EA aaa?

for this week..i've almost get back my capital...but thankz for GJ...make me bank in another $20....zzzz....now its time for me collecting my investment..hehehe!!!...

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Added on January 31, 2008, 1:12 pm

after struggling till 2.15am...then sleep ....

i heard FXCM will get into MEtatrader platform end of FEbruary....that would be nice!!...heheheh!!!...FXCM got swap aaa?

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Added on February 2, 2008, 8:26 pmone more things...i heard FXCM can used debit card from Public Bank...thats nice...no more go to bank...online only..huhuh!!

If you are going for FXCM, open HSBC acc, they are base on HSBC bank.(except FXCM USA branch for USD which is base on Bank of America) I like this because I dont get interbank fees charged when my money go there. I tried UOB and bankwired to my FXCM acc, I dont get the exact amount I bankwired, they had minus some money just to transfer between diff banks. 

i just talk with FXCM live chat....
its have Islamic account...no swap and no rollover...

billy...FXCM got trade 0.1 lot aaa?...FXCM said 1 pip = $1...i think with $300..i dont have a chance to used my method....hmmm

Last week I tested one new method, out of the 26 trades traded, all were in profits with no loss. Closed and earned total 124 pips. 

Hmmmm.... it can be seen from the report. Btw, I do not trade during news. Risky.

u can thread during news..but using SL or PO....is it correct billy?

btw, it is forecasted there shud got 1 buyin opportunity around 6 february2008... but i dunno how strong this 1 will b...

There is a different between you and billytong playing without stoploss. From billytong post, considering he can withstand large drawdown, that mean he is using sound money management or he have large capital. Thats why he can trade without using stoploss.

As for me, im using stoploss alright, but not the usual stoploss that most people use. Mostly they are using small stoploss (around 30 pips or so) and is a constant stoploss (every trade set SL to 30 pips.) Mine have large stoploss (or I could say as hardstop) and the value depends on what the market tells me.

Yeah, Im swing trader/medium term.

using ATR indicator for stoploss also can be good for short term trading.