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

Quote from chinook:

Do you move funds using IDEAL cash transactions? Do you trade that too or just buy/sell at bid/ask?
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I did some IDEAL trades today, and over the last few days. There was such a big reaction when I moved the first 100k on IDEAL that I thought I had to be more careful. I don't trade it as normal - and I would use IDEAL PRO to trade spot right now.
 
Quote from Gringinho:

Yes, and the possible venting of the recent EURUSD bickering. A win-win for everyone.
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Then why the market push for $ strong today in USD/JPY? Why did it not creep down into the 103.5s? Or are you thinking longer than short-term?

edit: i guess you see more action towards 103s in the asian session ?
 
Quote from Gringinho:

I did some IDEAL trades today, and over the last few days. There was such a big reaction when I moved the first 100k on IDEAL that I thought I had to be more careful. I don't trade it as normal - and I would use IDEAL PRO to trade spot right now.
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What do you mean by big reaction? Did the offers/bids jump suddenly while the regular spot was steady?

By trading, I meant if you tried to get between the bid/ask in IDEAL?
 
Quote from chinook:

What do you mean by big reaction? Did the offers/bids jump suddenly while the regular spot was steady?

By trading, I meant if you tried to get between the bid/ask in IDEAL?
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Yes, and no. :)

The IB description clearly says it's just a little better than the credit card conversion or converting in banks. So credit cards are 2.5% or around there - and I don't think that was too bad considering ATH. :)

I think IDEAL moved more than 10 pips or something. While spot didn't move significantly at all. Also, the usual 200k lying there was no longer there - but someone could have been "trading" it.
 
Quote from fandelem:

Then why the market push for $ strong today in USD/JPY? Why did it not creep down into the 103.5s? Or are you thinking longer than short-term?

edit: i guess you see more action towards 103s in the asian session ?
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A stronger USD reaction happens broadly - as we saw - but in stages when it comes to bigger moves. As for longer trend I think we will go lower than 103.
 
Quote from chinook:

10 minute QM chart looks f***ed up!
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The distillate inventories and demand probably will make for a more volatile EURUSD, and make the USDJPY slide an even more sure trade.

PS. I would discourage anyone from trading what I trade - because it's difficult to succeed if you're not seeing what your trading yourself. Sometimes it's good to have a lot of people on the opposite side too. I am nowhere near a place on Mt. Olympus although I might boast as I already were there. :)
But touting some setups makes for a better market too IMO.
 
I wish I could trade EURJPY on futures ...
Thomson also notes that the possibility is there of very sharp and strong moves - with USDJPY on a cautionary tone ahead of the weekend and the meetings - while mentioning USDJPY options volumes and the 103.50 barrier.

edit: at least I can trade on the spot demo. I could trade them on the IDEAL PRO as well .. hmmm.
 
Quote from Gringinho:

I wish I could trade EURJPY on futures ...
Thomson also notes that the possibility is there of very sharp and strong moves - with USDJPY on a cautionary tone ahead of the weekend and the meetings - while mentioning USDJPY options volumes and the 103.50 barrier.

edit: at least I can trade on the spot demo. I could trade them on the IDEAL PRO as well .. hmmm.
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yes, i am thinking the same thing for usd/jpy as far as the weekend g20 meeting is concerned.. maybe not as bad as last nonfarm but i bet it will swing on the outcome. i dont plan on being in over the weekend ;o)
 
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