GBP/USD spread over 10 pips! on FXCM. Other pairs seem insane too with majors up to 11 pips! Right now Usd/cad is at 12 pip spread. Whats going on?????
- Post #332,842
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- Dec 26, 2012 2:14am Dec 26, 2012 2:14am
- | Joined Aug 2009 | Status: "Protect yo neck"- WuTang Financial | 854 Posts
There is some wild stuff going on with the Cable over this holiday...
- Post #332,845
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- Dec 26, 2012 2:49am Dec 26, 2012 2:49am
- Joined Feb 2012 | Status: Member | 20,981 Posts
In trading, you have to be defensive and aggressive at the same time
- Post #332,847
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- Dec 26, 2012 9:37am Dec 26, 2012 9:37am
- | Joined Feb 2012 | Status: Member | 613 Posts
- Post #332,848
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- Dec 26, 2012 10:29am Dec 26, 2012 10:29am
- | Joined Feb 2012 | Status: Member | 613 Posts
- Post #332,849
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- Dec 27, 2012 1:03am Dec 27, 2012 1:03am
- | Commercial Member | Joined May 2012 | 3,285 Posts
- Post #332,850
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- Dec 27, 2012 1:44am Dec 27, 2012 1:44am
- | Joined May 2010 | Status: Member | 270 Posts
- Post #332,851
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- Dec 27, 2012 2:03am Dec 27, 2012 2:03am
- | Commercial Member | Joined May 2012 | 3,285 Posts
I am holding a small short position. However, I do not believe on the low volume trade these days... I am not surprise if market turn against my position any time.
Any way, enjoy the festive season with any pips you can gasp...
Good luck to all members
Good luck to you as well ForexRat!
- Post #332,852
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- Dec 27, 2012 2:05am Dec 27, 2012 2:05am
- | Joined May 2010 | Status: Member | 270 Posts
Price Action and Support / Resistance is still in play regardless of how much Volume is there. I was able to bank 4,200 pips on multiple pairs in the past 38 days using my strategy
Good luck to you as well ForexRat!
- Post #332,853
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- Dec 27, 2012 2:12am Dec 27, 2012 2:12am
- | Commercial Member | Joined May 2012 | 3,285 Posts
That's a very well done
- Post #332,855
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- Dec 27, 2012 3:44am Dec 27, 2012 3:44am
- | Commercial Member | Joined May 2012 | 3,285 Posts
Maybe u will be surprised in coming days...GU is strengthening.
A lot of demand at resistance zones overhelming the supply. Watch out.
Low volume on down bars all to 4h TF. My view from 1.61XX min target is 1.63.
My shorts are based off of Price Action at major Resistance aka PASR. I am patient as my trades will be held for probably a few weeks at least, probably longer.
Also, I wouldn't consider a 30 pip move in half a day "strengthening" just quite yet, there is still quite a bit of "today" left.
Just added another short @ 1.61501
- Post #332,856
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- Dec 27, 2012 3:55am Dec 27, 2012 3:55am
1.63 hasn't been broken since August 2011, that is almost a year and a half... I wouldn't place that kind of bet not with last week's Shooting Star on the weekly right at major resistance and weekly TL.
My shorts are based off of Price Action at major Resistance aka PASR. I am patient as my trades will be held for probably a few weeks at least, probably longer.
Also, I wouldn't consider a 30 pip move in half a day "strengthening" just quite yet, there is still quite a bit of "today" left.
Just added another short @ 1.61501...
I understand your view and respect it.
- Post #332,857
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- Dec 27, 2012 3:59am Dec 27, 2012 3:59am
- | Commercial Member | Joined May 2012 | 3,285 Posts
Didn't say you re not right. I look at my charts too and share my view. Maybe I'm really wrong but that is the way of learning more.
I understand your view and respect it.
- Post #332,858
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- Dec 27, 2012 4:40am Dec 27, 2012 4:40am
I understand, hope I didn't come across rude as that was not my intention. Best of luck sLOVEnia with your trades!
Now 1.6164 -> break of 1.6170 brings 1.6200
- Post #332,859
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- Dec 27, 2012 4:46am Dec 27, 2012 4:46am
- | Commercial Member | Joined May 2012 | 3,285 Posts