futures falling extremely hard

Quote from achilles28:

700 pips on the AUD in 6 hours.

Unbelievable.

i am holding short from 0.7900 since last week. I can honestly say i never expected this especially after the big august move.

This is just amazing, i feel like getting a bowl of popcorn with this kind of unrealistic movement.
 
Quote from Nashequilibrium:

I actually just can't stop thinking about what kind of consolidation will hit the fx market in 2009? I just hope that there will be still trends to catch next year as the aftermath of this type of movement is a lot of consolidation as everyone tries and pick themselves up. This is a nice little article below.


http://ftalphaville.ft.com/blog/2008/10/08/16807/asian-pain-the-ghosts-of-1997-98-return/

I agree.

Global deleveraging will suck money from all markets and volatility goes down.
 
well another down day i guess it could have been worse though-a suckers rally today for sure -it looks like every one is selling on any rally to get out at a minimum loss-yeah right-today at the end was ugly ........ the cavalry got slaughtered!!!!!!!!!!
 
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