LOL, is that the best you can do? Instead of addressing the subject of the thread and supporting your opinion with logic and reason you resort to childish name-calling.....yep, it figures, what else can someone do who seems to lack intelligence and experience? I'm sorry if my consistent profitability makes you feel inferior but don't feel too bad about being a loser, it's said 95% of 'traders' lose money so at least you're in the majority. LOL, toooooooo funny
kiwi_trader is the one who started with the adolescent name-calling and as I won't stoop to his level he's getting wound up which is quite amusing to watch. The guy's obviously having a bad time in this market, no excuse really but it's understandable, I guess these forums provide an outlet for his pent up frustration. Have a great trading day all
Whether the reason is legitimate or not, I have seen spreads everywhere widen in spot forex. Also, the frequency of fucked up gap moves had been wayyyyy higher. Think about it. Let's say the market is thinner than ever which I believe is the case and EURUSD is rallying. If you can get away with it, why not make it plummet 40-60 pips in seconds for no reason to take out your fellow longs so you can turn around and fuel it even higher? Risky, but I have seen it in EURUSD, GBPUSD, EURGPB, even JPY pairs lately. It is market players doing this under these conditions - whether the market player is a broker or not is tough to say.
I agree on focusing primarily on the majors. But just out of curiosity, how ultrathin do you suggest the kiwi crosses are? >85M in both the N/U and N/J books on IB presently. The spreads are atrocious lately, but the liquidity is there.
What are you talking about, some great trends develop in Nzd/x, you've only got to look at a few charts to realize that. Why do people insist a particular instrument can't be traded profitably just because they lack the skill to trade it?
Here you go pee_wee_trader, I've finished for the day and had a few minutes to spare.... See, some lovely trends, don't tell me you can't see them! Hope it helps ~ ~ ~ ~ ~
The trouble is that the underlying trading in the currency is light ... especially if you look at crosses like kiwi & sf. I recall buying kiwi/usd options some years back ... that was a nasty market. I suspect that you get the appearance of liquidity but it isn't "real" --- so when something happens it is pulled more quickly than in a deeper market because all of the apparent liquidity is from game players. This may be why the op experienced the problems he described.
FOREX=OCEAN WHERE SHARKS RULES AND THE SMALL FISH GET FUCKED "SUCESSFULL TRADERS THEY DON'T COMPLAIN UNLESS THEY ARE SOME CRYING BABIES" stops= they turn into a market order when price is reached in fast markets or gaps you get whatever ....