http://www.elitetrader.com/vb/showthread.php?s=&threadid=55698 I'll keep in mind that 70 pips down is a "huge drop", but not a "tank" (an important distinction, no doubt).
Jango.......there is a HUGE DIFERENCE over a 70 pip move during market hours, which is common with EUR/USD, and a 70 PIP move at Sundays open. And that post was to do with gap downs, which is common with stocks. I was at a Forex seminar and they said Forex has no gap downs. A -30 pip stop would have been useless that Sunday at the open. But a -30 pip stop would get hit on a -70 pip move during regular Forex hours.
Afraid this goes right over my head. Did some famous-but-now-retired pro wrestler turn a trader for a day, or what? Not the ex-governor of Minnesota...
LOL! This dude is Cool! You wouldn't happen to sing along to this tune whilst trading? http://www.anysonglyrics.com/lyrics/g/Groove-Armada/I-See-You-Baby-Remix.htm
and 3 2 1 goooo shakin ur ass shakin ur ass woww let the party begin wow euro baby cable honey dollar man wer makin of you our today plan wow shakin ur ass shakin ur ass... whooo song By Z C all rights reserved