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  • #870,581
  • Jan 17, 2014 3:34am Jan 17, 2014 3:34am
Quoting eurusd_trade
{quote} ok well that cost me 50 ticks, stop got slipped 30 ticks. such is life
what are you talking about ticks don't have any fixed value, do you mean pips ?
  • #870,582
  • Jan 17, 2014 3:35am Jan 17, 2014 3:35am
Quoting MaxDoom
{quote} what are you talking about ticks don't have any fixed value, do you mean pips ?

yep. the truth is, it's part of trading, if you can't accept the variance from the #s you shouldn't do any # trades
  • #870,583
  • Jan 17, 2014 3:36am Jan 17, 2014 3:36am
Looks like the orange ABCD is forming...
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.01.16. ABCD.png Size: 36 KB
f(z)=z2+c
  • #870,584
  • Jan 17, 2014 3:36am Jan 17, 2014 3:36am
Quoting physics
{quote} ok milam... allora visto che ti piacciono le galline vecchie trovo una via di mezzo per mettere tutti d'accordo... translation: so you like old hens... i find a mid way betwen me and you... Monica Bellucci... {image}
Already posted my friend, yes you are young…..I can tell.
Wherever you go, there you are.
  • #870,585
  • Jan 17, 2014 3:37am Jan 17, 2014 3:37am
cable spiked up 100 pips. GJ also spiked up.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #870,586
  • Jan 17, 2014 3:38am Jan 17, 2014 3:38am
GBP/USD jumped over 100 pips on news, will EUR/USD follow - hardly any movement yet?
May the forex be with you |
  • #870,587
  • Jan 17, 2014 3:39am Jan 17, 2014 3:39am
Should not trade gbpusd with stops when news come out.

Rare broker have good enough equipment to prevent slips.

Even if direction is right and order is already in place (not trading on fly), it may give the highest or lowest price of the move and already reversed.

I never trade with orders.
They think they are smarter than I am.
  • #870,588
  • Jan 17, 2014 3:39am Jan 17, 2014 3:39am
Quoting FXFundi
GBP/USD jumped over 100 pips on news, will EUR/USD follow - hardly any movement yet?
euro is moving down instead
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #870,589
  • Jan 17, 2014 3:42am Jan 17, 2014 3:42am
Can regular banks and funds do such a big spike of 100 pips in a minute? It got to be central banks. Would BOE spike it up? Probably not.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #870,590
  • Jan 17, 2014 3:43am Jan 17, 2014 3:43am
Quoting ffleo
{quote} I thnk it is the banks protect their options sold
You think that , you think this, may the banks / Aliens / the Yen , the Pound ... you are not paying attention to details and you seem the only thing you have time for: is posting Nude pictures.
"It's the Margin, Stupid."
  • #870,591
  • Jan 17, 2014 3:44am Jan 17, 2014 3:44am
Quoting Z3iz3i
Should not trade gbpusd with stops when news come out. Rare broker have good enough equipment to prevent slips. Even if direction is right and order is already in place (not trading on fly), it may give the highest or lowest price of the move and already reversed. I never trade with orders.
i have an algorithmic stop system using interactive brokers
the way i set it up is this, it looks at where the offer is in the market data and tries to pay through every offer +x pips that is displayed in the market data at or above your stop price assuming the spread is less than fixed # of pips
it usually works pretty well but IB matching engine is often laggy and you also miss a lot during #s so there will be slippage as many of your orders will miss
but sometimes you can get very good fills as well
  • #870,592
  • Jan 17, 2014 3:46am Jan 17, 2014 3:46am
Quoting ffleo
Can regular banks and funds do such a big spike of 100 pips in a minute? It got to be central banks. Would BOE spike it up? Probably not.

banks usually aren't involved in any of this stuff
it's all funds and algos
the banks are just usually naive market makers to their institutional clients mirroring EBS and Reuters liquidity
the big FX market makers on EBS and Reuters are the likes of Lucid, GSA, Tower, Jump, HRT, Bluecrest, etc. (algo prop shops and hedge funds)
within some of these algo shops are dedicated news trading teams that are focused on news straddles and such
  • #870,593
  • Jan 17, 2014 3:48am Jan 17, 2014 3:48am
Quoting Vachus
{quote} You think that , you think this, may the banks / Aliens / the Yen , the Pound ... you are not paying attention to details and you seem the only thing you have time for: is posting Nude pictures.
tell me then what detail you have noticed?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #870,594
  • Jan 17, 2014 3:50am Jan 17, 2014 3:50am
Quoting ffleo
Can regular banks and funds do such a big spike of 100 pips in a minute? It got to be central banks. Would BOE spike it up? Probably not.
you seem to like the conspiracy theories to explain every movement....

reality is todays offers prior to the news were very thin and sat around 1.634x 1.6400 and 1.645x these have simply been exhausted by new orders after the news and stops from shorts

take a look at the number it is huge for a Jan retail sales number, compare it to previous January numbers which rarely met the estimate.

the question now is will there be enough volume around at these levels to maintain the price or will it more likely slip towards the end of the day with weekend positioning.

my take on GU is that we will see 1.778x on monthly at some point after it breaks 1.705x before then a reasonable chance that we will see a test of 1.59xx
  • #870,595
  • Jan 17, 2014 3:51am Jan 17, 2014 3:51am
Quoting ffleo
{quote} tell me then what detail you have noticed?
I saw that they are in need of strong support
  • #870,596
  • Jan 17, 2014 3:51am Jan 17, 2014 3:51am
Quoting eurusd_trade
{quote} banks usually aren't involved in any of this stuff it's all funds and algos the banks are just usually naive market makers to their institutional clients mirroring EBS and Reuters liquidity the big FX market makers on EBS and Reuters are the likes of Lucid, GSA, Tower, Jump, HRT, Bluecrest, etc. (algo prop shops and hedge funds) within some of these algo shops are dedicated news trading teams that are focused on news straddles and such
how much money has to be involved to move a major currency 100 pips? and all its crosses?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #870,597
  • Jan 17, 2014 3:52am Jan 17, 2014 3:52am
Quoting ffleo
{quote} tell me then what detail you have noticed?
Seriously, what you are you doing here ?! Its not trading, this one is ruled out for sure ...
"It's the Margin, Stupid."
  • #870,598
  • Jan 17, 2014 3:55am Jan 17, 2014 3:55am
Quoting ffleo
{quote} how much money has to be involved to move a major currency 100 pips? and all its crosses?
well it depends. during a normal market you can trade 100mm EUR/USD and move it only 3-4pips. Even in something like USD/MXN which is much, much smaller $100mm will still move usually only around 10 EUR equivalent pips. and that's if you're trading aggressively. if you're trading passively your order can easily just get run over at the same price
but during a news event it takes comparatively very little because almost all of the AMM strategies flatten out and pull liquidity before the #. the news trading teams (which are a small subset of the trading groups in these firms) are responsible for the moves
  • #870,599
  • Jan 17, 2014 3:57am Jan 17, 2014 3:57am
Quoting MaxDoom
{quote} you seem to like the conspiracy theories to explain every movement.... reality is todays offers prior to the news were very thin and sat around 1.634x 1.6400 and 1.645x these have simply been exhausted by new orders after the news and stops from shorts take a look at the number it is huge for a Jan retail sales number, compare it to previous January numbers which rarely met the estimate. the question now is will there be enough volume around at these levels to maintain the price or will it more likely slip towards the end of the day...
I have shorted this level on GU

edit: the next set of significant offers now lay around 1.652x so if the offers around 1.645x get consumed you can guess the rest......
  • #870,600
  • Jan 17, 2014 4:03am Jan 17, 2014 4:03am
GM people,


Well, I never traded other pair than EurUsd, but this spike at GpbUsd was the opportunity to open some shorts there, let's see if I will get out on that ones.

Regarding Euro, I continue to see only a consolidation to new drops, this is my view and I will stand firm on that.

GL all
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