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

lynx2004 · Dec 22, 2004

Quote from TRADERguy:

Was anybody watching it when it happened? Did the Euro lead or was it a coordinated assault on the $?

I noticed the Euro made the move first..I had order to sell cable future at 89 which I was able to move back to 00 because it was lagging.

wow..in this mkt you have to make your moves quick or profits can evaporate (or worse, acct balance could crater) in front of your own eyes! Is it always like this ?
I'd think the thin mkt doesn't help either.

I was watching (cable H05 future) on Book Trader. I notice 150 lot mktmkr only showing the offer (doesn't have a bid of 150 lots). Is there anything to learn from it?

Also, it seems there is another one trying to make markets w/ 16 lot per side 9/10 pips wide most of the time.

I don't see much in the futures mkt..so wouldn't leave any stop orders. I'm flat for now anyway.

TRADERguy · Dec 23, 2004

lynx2004,

No it's not always like this. This is holiday low liquidity BS. Moves are exaggerated so if you're a small fish (not big enough to move the market) you're jumping in for the exaggerated moves, hopefully with the knowledge that you could get burned in the process.

Cheers,

TRADERguy

TRADERguy · Dec 23, 2004

Quote from TRADERguy:

Sold with an average price of 1.34325.

Gotta love thin markets. I was stopped out of this one overnight at 52. Short again from 80, stop moved to 80.

EDIT--Stopped out

Wittgenstein · Dec 23, 2004

Quote from lynx2004:

I have been waching IB IdealPRO quotes in EUR and GBP for last hr....quoted about 3pips wide most times. Is there volume go thru there? they haven't posted day's HI/LOW, I couldn't tell.

3 pips spread in GBP??

lynx2004 · Dec 23, 2004

Quote from Wittgenstein:

3 pips spread in GBP??

I notice in IB IdealPRO spread changes frequently (I think IB says it's not a MM) currently spread has widened on the GBP -- it is as low as 3 and as high as 9 pips. It may be due to the thin mkt.

lynx2004 · Dec 23, 2004

Any reason/news for the strength in EUR etc ? or just a continuation of the trend?

Ivanovich · Dec 23, 2004

People want 1.35 before year end. They won't stop until they get it!

jbt · Dec 23, 2004

Quote from lynx2004:

Any reason/news for the strength in EUR etc ? or just a continuation of the trend?

Lynx read my report
http://www.dailyfx.com/article_daily_brief_122304.html

lynx2004 · Dec 23, 2004

Quote from jbt:

Lynx read my report
http://www.dailyfx.com/article_daily_brief_122304.html

jbt, thanks for the link and your report-- succinct and to the point--I've added it to my list of reports read.

jbt · Dec 23, 2004

Quote from SethArb:

thanks for the link !

do you know mr STEEL at refco ?

I know him from when I used to work

on the floor of the comex and he would walk around getting comments from the
floor on the days action from their perspective

NP.

No I actually don't, but sounds like fun