Dunno, sorry. I just posted what I saw because it was relevant to the conversation. I'm still trying to figure out this insanity.
$75 mn or $225 is not peanuts for either one of the parties involved, just remember that. I.e the market might not care - but those involved DO care, you can bet on that.
True, but those involved would have to buy or sell huge amounts in order to influence the market price, so it has me confused.
From Thomson: "EUR/USD is consolidating at 1.2975, capped by options-related selling ahead of 1.3000. Dips are limited by options-related buying in the 1.2940/45 region, dealers note."
You don't always need $$$s mn to move the markets your way - so then it becomes a calculated risk ... If I bought e.g. futures and started putting 500-600 contracts to block off a level, or an iceberg at some place - not everyone would like to go through that amount of risk - and that would sway parts of the market in your direction. Then timing, and the amount of trades in the wrong direction - stop limits etc would all contribute. It all depends on how easily markets are swayed to go your direction and how much money you need to make that boulder rolling. Then you can get even bigger profits. I think most of us agrees that we will see several 1.3000+ levels - we just don't know exactly when.
Curious, if I may - and as I try to learn more about this stuff, does this article have any merit, or is it just "blin" as we Russians say? http://www.fxstreet.com/nou/content/108470/content.asp?menu=market&dia=16112004
More like Gavno. Who can really tell if this is the top? Can things get a lot worse for US - very likely possibillity. Can we get lucky, bring peace to teh Middle East, let oil flow freely? well. then the article can be right. Draw your own conclusions.
Viper Viper Viper.... Here is a rule of thumb: If you have 1K account you trade for dime pips - 1K lots you dont risk more than 200 points If you have 10K account you trade for $1 pips -10K lots same 200 point risk 100K? then you cantrade for $10 pips 100K lots.