Holy MOLY euro

Discussion in 'Forex' started by GetBusyLiving, Oct 31, 2010.

  1. The euro usd just dropped 70 pips in 1 minute then reversed all the way back in the next minute. Never seen so much volatility. Becareful.
     
  2. TheMan

    TheMan

    ok thanks
     
  3. al, hello
    The reality is this, leading up to an election like this one, there will be massive whipsaws and thin volume. If you look at a daily chart you will see the EUR/USD has been trading in a range for a while now, great for range trading but not for trend trading.


    The Ever Doing Both VIPER
     
  4. Pippi436

    Pippi436

    Mon Nov 01 07:51:13 CET 2010 JPY USD/JPY charges higher in early Tokyo trading, dealers initially think Japan intervention, later reports of miss-hit by algos, senior MoF official declines comment on sudden move - Reuters.
     
  5. Wow, low and behold the Move. Algos shmalgos, typical fear and more fear and greed and etc.




    Typical For The Context VIPER