JT1

I would strongly suspect extreme market manipulation if it did. It certainly wouldn't reflect the real-term value of the underlying companies, or the strength of the economy. Do you mean 2000 or 20,000. You include both numbers :doh::haha:

Thanks ST. I wonder if wer are likely to see some spot forex brokers will try widening the spreads, eg. saying that it is no longer feasible to offer a 2 pip eurusd spread, IF the current level of thin liquidity/volatility continues?

Dam! this forum is quiet!

Hi i dont know about anyone else, but i love this volatility. EURUSD is moving 40-50 pips in a matter of minutes/seconds. Today has seen a 400 pip downwards spiral. EURUSD is behaving like cable used to before the volatility came about, and obviously this presents better profit potential. I put this volatility down to the fact that due to the credit crunch, there are less interbank participants with less cash to splash, leading to less volume in the market, and as a result, the liquidity is thin, and price moves quickly. Whereas a few months ago, before the crunch, the ranges were tighter, price movements were slower and smaller, due to the bigger volume/deeper liquidity & a greater number of interbank participants moving foreign exchange prices. Assuming my theory is at least partially correct.....My question is - Is this increased volatility likely to extend for some time yet, as the recession mounts & continues? Can we look forward to recent standards of volatity becoming the norm during the recession, & thus for the forseeable future? Cheers.

Jesus lighten up guys - no hidden meaning at all. I never even thought about bees & wasps tbh - was just wanting a good simile - bees didnt quite work thought. Point is the top spot is infectious - the member in it attracts is more likely to attract more & more good post reps in the hope that they will return the favour. If a member never ereturned rep, they have alot less given to them also i bet. Maybe this shows what i meant - "When ze seagullls follow ze trawler, it is because they think sardines will be thrown into ze sea!"

I never said they were. I was talking generally.

To reach & maintain no1 - a member needs to form a network of pip buddies. This is a mutually beneficial relationship, selfless & all serving. Much alike bees, continually working for & servicing one another, with pips.

I see the value of it not being private for the reasons you outline, FW.

100% focused on the job in hand - trading....(during my normal trading hours).

Porn? damn - i missed that discussion! This last week has been very much a case of confirming that the new plan works & letting it all settle into my brain. Dipping in & out of a volatile but predominantly orderly market, & sim trading when in doubt. It went well. Come monday morning i will have deleted most websites from my favourites list, and have a pledge which is to be 100% focused on the job in hand - trading.

I agree. Especially if posting charts etc. The trick for me i think is to become a robot like being, and just have a chart open, broker tab open & a tab for the economic calendar and nothing more (during trading hours).

Have fun wasp/slbf with your time off. Good news is i have my gold star at the other place now, so have no reason to continue to post inane dribble or reward pip buddies. lol. only reason i web surf when trading is like a distraction/escape from a bit of boredom & nervousness. it has to stop though.

Yesterday was a good day for me. EU dropped 300 pips, i hadn't really noticed how far it had dropped as i was engrossed in milking it - up and down. Also, i didn't really care why it had dropped, just as long as it was moving and i could trade it. It wasn't till late afternoon that i read the Meryll Lynch etc. headlines. Besides the standard news release times, I feel pretty secure in trading what is tradeable, despite what may be going on. I now just need to ban myself from all internet distractions during the session, so as not to miss opportunities/make errors.

..........

Also, hourly alarm calls are probably not the healthiest of things that can be done. Creating stress, shock, panic, confusion, mental bluntness and high blood pressure etc. If it were me, just after I'd fallen off to sleep, the alarm would probably be going off again.