Thin FX = spikes

Yeah these spikes in g/u are nuts 100 pips in a min or so each way. The low in the gbp/chf looks like 1.5240 or so. I am stayin away now, these are the types of swings on thin markets that can make your limits get bad slippage or so!
 
Thin volume plus London fixing causing those spikes.

Loonie goes from 1.2115 to 1.2335 in 30 minutes. That's just friggin' crazy
 
Man, ya'll need to learn that you don't trade during the holidays of course its thin, the heavy hitters are not trading. It is always a ghost town for two weeks in Dec.


The Ever Taking Time Off VIPER
 
Your right Viper, I am just watching, and of course the little gambler in me was fading a few spikes. Nothing big just some newyears fun.
 
Quote from TradeViper:

Man, ya'll need to learn that you don't trade during the holidays of course its thin, the heavy hitters are not trading. It is always a ghost town for two weeks in Dec.
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Bullshit.
 
Quote from TradeViper:

Man, ya'll need to learn that you don't trade during the holidays of course its thin, the heavy hitters are not trading. It is always a ghost town for two weeks in Dec.
More...

Hmmmm...
Not necessarily. Us scalpers had a killer ride today. Hell, that was the best action I've seen since prom night!
 
Quote from TradeViper:

Scalping what size?



The Ever Full Of Wonderment VIPER
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Single lots Cable. I usually stick to EJ, but the price action was better on cable. Plus, even during the insane drops, cable still had some decent spreads if you're nimble. I actually experienced 20 pips positive slippage on an exit today.. that was a first.

And, to be honest, yes the pucker factor was pretty high there for awhile, even for a scalper. While I had my best daily returns today for the year, it could have easily been a negative day. But, that pretty much describes every day.
 
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