126.80-127 on the EURJPY is difficult, just as 1.2840 on the EURUSD. It seems this week has been "a lot about nothing" interspersed with fears. IFR market commentaries were very unhelpful this week, but overall the week was not very easy, although the Asian sessions were easier to trade. Less bad quarterly news forward, but macro revisions will certainly cement the gloom. Global politics, like the G20 and new measures will come into focus again, since there is little else to concentrate on.
I dunno, it seems like everyone here made pips, some did extremely well! Today was quiet up to NFP as it usually is but there were still pips to be made.... Have a great weekend all! ~ 16 trades, 15 wins +117 pips, 1 loss -12 pips, +105 pips
lol You know what's great, it completely shoots down in flames all those 'experts' who say there's no money in trading forex through a bucketshop because they're all dishonest and out to rob us and they don't allow scalping and that everyone should trade futures blah blah You gotta luv this game, nothing beats it!
Cable, Noticed you did not spend much time with EUR/AUD. Whole lotta nothing (for me) going on there. I sat through a couple big swings before tossing the towel at +4. But I do like the way it moves. You did well with the yen, though. Cool. Otherwise, 10 trades this week, up 180 pips for the week. 9 wins, 1 loss. Can't complain. Have a good weekend.
Good job dm1, very respectable, there's people would kill to trade like that! Eur/Aud yeah it's weird, sometimes I can be right in sync with that pair and everything makes sense, other times it's like some out-of-control crazy and none of it makes sense!
I've noticed they widen them whenever they feel like it now, not just around news, and like you say they've been crap most of the day
Yep and like Cable mentioned earlier - I have been seeing them widen the spreads whenever the hell they feel like it. Out of nowhere I'll see spreads on eur/usd go to ~3 pips or so and e/j will widen to 5 or even 6 for a little while then go right back to normal. Nothing's even going on when they do it either, just random as far as I know. I swear it's like this is their new passive income strategy or something. They have a grace period right now because I have been with them a long time and I am not privy to the inner workings/behind the scenes stuff in the interbank market, etc... But if they don't cut the shit soon I am rolling. I have been looking at IG Markets. I have some friends that trade with them and they love it. They have ladders, binaries, etc also.