Stops being hit during the lunch lull is the only reason for spikes like that IMO.
But as a professional I need to lose that opinion, and just focus on what is happening and not try to figure it out. I feel better now.
This really is a forum for YM traders, I recommend you buy this book, or check it out at your library, I checked it out at my library this is how I educated myself on FX. Its by Reuters and is very informative...
I trade in and out of currencies that are good carry trades, right now GBP,USD,AUD are good long carry opportunities. IMO USD looks the best. Hope this answers your question.
I recall you posting a photo of your workstation, and I think you said you earned your living from it, now its your turn post one of your accounts. If you don't I will understand.
Every rookie knows their is some retracement, I guess I could say I added to my short position @10580 and now hey look at me everyone im in the chips!
But thats not my style, I got stopped out @10581 oh well.
Yes thats when the most liquidity should be available. It happened so fast but im pretty sure that was a 3 point spread, your right though 2 point spreads have become pretty common.
Right before the big CBOT IPO volumes were well over 100k. Guess that was all show.
I just saw a 3 point spread @2.23cst in the afternoon, wow this is weird no volume at all. And it looks like my stop is about to get hit. Not yet though, but the 2:40 crowd my take it out.