I always knew that someday I would make it big
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #120,922
- Oct 9, 2008 4:33pm Oct 9, 2008 4:33pm
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
I recommend you read something else as this sentence is now concluded.
- #120,925
- Oct 9, 2008 4:39pm Oct 9, 2008 4:39pm
- | Joined Jun 2008 | Status: Trader | 1,079 Posts
I recommend you read something else as this sentence is now concluded.
- #120,929
- Edited 5:03pm Oct 9, 2008 4:48pm | Edited 5:03pm
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
karmo, are you long or short? Personally my bias is still short. Asia has yet to see this tank. Seriously Hang Seng +511.51 yesterday WTF???
I think everyone should also know that LIBOR 90 day rates jumped 22.6 bps
during Euro/US session last night. Everyone in Asia will be feeling it.
I think everyone should also know that LIBOR 90 day rates jumped 22.6 bps
during Euro/US session last night. Everyone in Asia will be feeling it.
- #120,930
- Oct 9, 2008 4:57pm Oct 9, 2008 4:57pm
There is mistake.
Short and target 139
Just perhaps this may reverse in Asia but I am not going long on GJ yet
- #120,931
- Oct 9, 2008 5:05pm Oct 9, 2008 5:05pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #120,935
- Oct 9, 2008 5:25pm Oct 9, 2008 5:25pm
gbp/usd 11 pip spread
gbp/jpy 18 pip spread
8 pip additional slippage and no news.
brokers are widening spreads coz ,there is lack of liquidity within banks in the Markets due to the Global financial crisis
I always knew that someday I would make it big
- #120,937
- Oct 9, 2008 5:32pm Oct 9, 2008 5:32pm
Unless you plan to keep your trades for another hour, you shoud not buy... Bearish divergence on 5 m.. 1h and 4h bearish.. not much retrace in the start of asian session either 
ps. don't even think it should break 171.25
ps. don't even think it should break 171.25
Trade in the now
gbp/usd 11 pip spread
gbp/jpy 18 pip spread
8 pip additional slippage and no news.
So I asked them about it..
Thank you for your email regarding the spread on the GBP/JPY. The GBP/JPY spread tends to be wider in general compared to other majors and the wide spread is because of liquidity, market timing (none of those two markets are open at the time of your email), and mostly current market conditions.
The spread shown on the website is under normal market conditions. Since we are a no dealing desk firm we do not manipulate the spreads and rollover interest like some dealing desk firms do. A dealing desk firm will tend to requote their client's orders when market conditions are not favorable to them, so you might not be filled at what you see on the dealing window. The rates you see on FXCM are directly quoted from our banking partners not by in house dealers.
The spreads fluactuate through out the day depending on which market conditions and current economic events are certainly a contributor to the widening of spreads. At FXCM we strive to be the best in trade execution and cost efficiency for our clients.
So make of that what you will.. I missed out most of the day today cause i had to do my real job
but a meager +800 pips yesterday so I'm looking forward to today..
- #120,939
- Oct 9, 2008 6:13pm Oct 9, 2008 6:13pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
today was the 1st day they could short .... and they did ...lol
chat later ....
M
(j/k)
