Chinook's EUR/USD (E/$)Mumblings

If we see continued weakening in the GBP about 10-15 min before the release, could that mean strength coming?

Michael B.

P.S. I bet you fricken Oanda widens the spread!!! (I need a Bloomberg terminal to trade this stuff correctly)
 
Quote from ElectricSavant:

So were expecting the numbers to be unchanged and not much of a pop?

Michael B.
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Yeah forecast is for unchanged... if weakening beforehand normally means weaker number expected - although I'm thinking if it comes out as expected it probably should mean some GBP strength - has corrected nicely overnight.

OANDA's wide spreads does make it tough to trade figures - I know...
 
WOW!!! Hit your buy buttons (I think)

Spread to 5 (from 4) at Oanda...lol now it went to 10.....15....back to 10....7.....4...what a joke...

This unregulated retail Forex exists to take as much of a traders money as fast as they can....No one could buy at Oanda and make money and stops were triggered at the wild spread change, if they were lucky enough to get in...When Oanda figures out the direction, their computer widens the spread accordingly...Moral to the story do not trade news and try to be flat...


Michael B.
 
Was the drop in the pair usd/chf related to the GBP unemployment, If so, Why?

Michael B. (1:38 here)

P.S. (Electric sees a way to beat Oanda at their own game)
 
If 7905 breaks then next 7870 - lets see. Seems like the market is more interested in the Industrial Prod figures later.

I suppose USD is the common denominator re GBPUSD link to USDCHF - don't follow USDCHF

Pray tell share your way... of beating OANDA at their own game - although I wouldn't :D
 
USD/CHF traded the opposite direction without the spread widening. So trade it instead of the usd/gbp when the GBP #'s come out...But I must watch more and learn. Perhaps the more experienced will contribute. This thread is great. Many people mumble here...

Michael B.


Quote from csaunders:

If 7905 breaks then next 7870 - lets see. Seems like the market is more interested in the Industrial Prod figures later.

I suppose USD is the common denominator re GBPUSD link to USDCHF - don't follow USDCHF

Pray tell share your way... of beating OANDA at their own game - although I wouldn't :D
More...
 
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