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

Ah, ok. Sounded to me like you were pissed (and not in the English sense).

I know jack about how they fill orders, but it seems to me they just collect all the orders and execute them the second the market opens.

*shrug*. My order has always been filled.
 
in a nut shell here how it works

The system most times is on auto. Which means their net
exposures at any given time are automatically cover with
one of their banks at the best price. Each one of their banks
quotes them about a 2 point spread but not the same 2 points
one may be at 1/3 another at 2/4 another at 0/2, if they are
short their system will hit the 2 price and cover their exposures.

They also skew things if their customers are hitting the
offer because the market is moving up. Their prices will
be higher then the market. example if the mkt is 2/4 and moving
higher they maybe at 4/6.

They have no ability to cover anything between 5pm fri and
3pm sun aprox. So if a bunch of people yesterday hit
their bid and they were long, the first chance to cover
those transaction would have been at a loss.

I think few people knew what was going to happen yesterday.

This is my post from Sat

http://www.elitetrader.com/vb/showthread.php?s=&threadid=48808&perpage=6&pagenumber=3
 
Quote from gwac:



They have no ability to cover anything between 5pm fri and
3pm sun aprox. So if a bunch of people yesterday hit
their bid and they were long, the first chance to cover
those transaction would have been at a loss.

I think few people knew what was going to happen yesterday.

This is my post from Sat

http://www.elitetrader.com/vb/showthread.php?s=&threadid=48808&perpage=6&pagenumber=3
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Maybe the risk is covered by the ten pip weekend spreads.

Also check out their spreadstatistics from yesterday:

http://fxtrade.oanda.com/resources/spreadstats/spreadsminmax.shtml
 
I've closed my short at 1.2130 as it rejected off that line. 60 pips, not bad.

Now flat. Still long pretty heavy in GBP, though. And added to it.
 
Quote from Ivanovich:

I've closed my short at 1.2130 as it rejected off that line. 60 pips, not bad.

Now flat. Still long pretty heavy in GBP, though. And added to it.
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Welcome back from your Greek hiatus. :)

Also looking for GBPUSD to move up - maybe to 85. (If current support holds)

I'll be looking for a point to re -establish shorts although could be a couple of weeks if things pan out as planned.
 
Thanks, CS. I'll let you guys know when pics are on my site :)

I'm holding GBP because I believe the BoE is inching up to another rate hike soon - and whether or not that's true, the perception that it is will cause the market to buy GBP. The other reason is that it is the UNEuro. Meaning it's not the Dollar, which everyone is worried about (see CA problem) and not the Euro. Sterling is everyone's fav under these circumstances. I'm long at 1.8250ish.
 
Quote from Ivanovich:

Thanks, CS. I'll let you guys know when pics are on my site :)

I'm holding GBP because I believe the BoE is inching up to another rate hike soon - and whether or not that's true, the perception that it is will cause the market to buy GBP. The other reason is that it is the UNEuro. Meaning it's not the Dollar, which everyone is worried about (see CA problem) and not the Euro. Sterling is everyone's fav under these circumstances. I'm long at 1.8250ish.
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Well yesterday was interesting - I was stopped out three times trying to get in long GBPUSD and EURUSD - everntually did and expecting a decent move up till the FED next week and possibly till NFP.

Market is quite unpredictable at the moment. Lets hope for more hawkish BOE minutes....
 
Quote from csaunders:

Well yesterday was interesting - I was stopped out three times trying to get in long GBPUSD and EURUSD - everntually did and expecting a decent move up till the FED next week and possibly till NFP.

Market is quite unpredictable at the moment. Lets hope for more hawkish BOE minutes....
More...

Not quite the hawkish tone I expected :eek:
 
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