What's the worst stop slippage you had on the EUR futures? This is my biggest fear since the market doesn't seem to be too deep like ES. With some of these huge spikes, a slippage of 50-100 pips does seem to be likely. Chinook
My broker doesn't have guaranteed stops in forex, so I play the news with limit orders in EUR futures. It's most difficult when there are two or big reports at the same time - if you buy/sell too early you can be whipsawed. I have tried that. But you can always risk spikes - also without news - because of stop-hunting.
baruch ... I am suprised if you do not know about this not that I look where at the cross rates are trading at too much but I have to think its very important in case there is flow also ... to know when the pairs are busy and when they are not busy ... for example ... during Asian trading timezone ... JPY will be more active than during European Trading timezone -------------------------------------------------------------------------------- Quote from SethArb: do you or some of the other posters here look ar cross rates ever ? i.e. EURO / CABLE -------------------------------------------------------------------------------- Do you mean rollover interest?
1. I am not sure I understand, what you are saying. (Maybe it's because I mostly trade futures?). What's your point? 2. Yes, the timezones are very important. The big moves in euro starts many times when London opens. And when London closes, we sometimes get a opposite move, because the traders close their positions.
"As a student of human nature, I always felt that a good speculator should be able to tell what a man will do with his money before he does it".
and only recently noticed that sometimes the drivers behind movements in currencies vs USD can sometimes be movements between other currencies too i.e. eur/jpy , eur/ gbp as far as asian trading goes .... since the gbp is not traded much then .... perhaps watching for big prints in gbp is another way to gauge when to open or close a position or tighten stops