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Posts by "nzvik"
263 Posts Total by "nzvik":
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Posts by Anonymous "nzvik":
agree with you, spreads are crazy - ranging from 2 to 12 pips - the last 5 minutes candle had a 50 pip range ? this is too crazy - will wait it settles down - could go either way.
reasons may not be fundamental totally - but sentiment and fear driven.
Good work.
Just be nimble - u r right - - Euro news better be good or no news - bad news could force a drop to 1.27s.
on the other side - if we get very good news - then we could rally all the way to 1.33s where some bigger buy stops could get triggered.
I will buy again at 1.289 - if it gets there.
The shorts piled in once 1.3114 - 1.3120 zone got broken - all the sell stops for the Eur longs were below this level.
Now, all the buy stops for Eur shorts will be above the 1.3120 level - therefore targeting that.
Markets will move to the levels which provide maximum liquidity.