Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

torero

Wide Spreads in Many Pairs Today

Recommended Posts

Is it me or am I seeing this like in Tokyo sessions? I know the rates have been tinkered with late last night but it doesn't move slower than the normal quick move. I see slow movement with wide spreads. GBPJPY are at least 5-10 pips spreads, even GBPUSD and EURJPY I see is 4!!! Does that mean there's low volume or just lots of volume being thrown at the market???

Share this post


Link to post
Share on other sites
Is it me or am I seeing this like in Tokyo sessions? I know the rates have been tinkered with late last night but it doesn't move slower than the normal quick move. I see slow movement with wide spreads. GBPJPY are at least 5-10 pips spreads, even GBPUSD and EURJPY I see is 4!!! Does that mean there's low volume or just lots of volume being thrown at the market???

 

Hi Torero. I don't know if you recall, but during the August crunch, eur/jpy spreads increased quite substantially and held throughout the day. It was a result of increased risk. I think the same thing is happening now. The Bear Stearns death and abnormal Fed actions have increased uncertainty and very likely reduced liquidity, requiring brokers to increase spreads.

 

Right now, Oanda is showing eur/jpy spreads of 3, which typically aren't seen except during the Asian session.

 

Entries in these conditions require careful placement to be sure.

Share this post


Link to post
Share on other sites

It's 11:40 am right now EDT, and spreads on eur/jpy just doubled to 6 with an accompanying large increase in spot price ranges. I don't know what's caused that (yet), but this is typical for days like this when every little piece of news spooks the market one way or the other.

 

Be careful out there, everyone! This is not a terribly well-behaved system right now.

Share this post


Link to post
Share on other sites
It was a result of increased risk. I think the same thing is happening now. The Bear Stearns death and abnormal Fed actions have increased uncertainty and very likely reduced liquidity, requiring brokers to increase spreads.

 

 

Like Cary say's, it's down to shallow liquidity. A good few dealers were paring off late into Friday's New York shift & those caught on the hop attempted to fire thru into the Sydney-Tokyo opening lap.

 

Interbank were straddling 10-15 wide across multi-pairs into Tokyo according to colleagues & London desks have been squeezing (large) orders thru on thinning breaks, apparently using intervention rumors as a cloak.

 

All sorts of dodgy games being played out there today. It will continue this week as those with keen agenda's (to work step orders) attempt to manipulate events to tag their books into the approaching long weekend.

Share this post


Link to post
Share on other sites

It’s comical to witness, it really is :o

 

Actually, on second thoughts it's incredibly sad & pathetic, but you gotta giggle I guess.

 

If one of those 4 star ECB and/or BoJ generals so much as farts near a mic this week we’ll have the “intervention pussies” screeching & hollering like sexed up banshees.

 

Deutsche have suspended some of their super troopers on the Asian desk apparently, for order book irregularities.

 

Every time you attempt to slice a wedge thru the Yen crosses via Fimat or BoNy, the screen belches atcha.

 

What’s all the skittishness occurring over at BoA all about Krantzy? Anna couldn’t shuffle out there earlier either.

 

Jesus H Christ, a little turbulance & those f****** junior high dealers & supervisors out there at the so called ‘big desks’ begin pissing their little panties. Wait till they really have something to contend with.

 

Times like these we get to see just how f****** useless these college kids really are with their folders full of worthless degree garbage.

Share this post


Link to post
Share on other sites

I've been stuck to GBPUSD since the spread was better than the rest I've seen today, 3 was max I've seen and stay with small positions. The spreads got better as NY opened up but I'm not taking chances. I like the steady directional movement today though but when I saw the opening London with high spreads I just waited.

 

The gap on GBPJPY was amazing as well as it moved lower on Tokyo, I was tempted to get in but seeing the spreads just killed my temptation.

 

Yeah, regarding degrees and prestigious schools, not convinced anymore with the hype and hypocrisy going on with the turmoil. Smoke and mirrors through and through.

Share this post


Link to post
Share on other sites

 

What’s all the skittishness occurring over at BoA all about Krantzy? Anna couldn’t shuffle out there earlier either.

 

They (U.S & Russian tiers) were sweeping stops underneath 152.80 as Anna & Tess were trying to pare off Andre. They eventually got their ticket but it was a little slow feeding thru that's all.

 

Far as I can make out, French, Swiss & Mid-East names have been bailing on distressed prices all (european) morning & had very little joy either into NY. Mainly EU/Jap & CHF cross traffic.

 

Similar scenario, although not as chaotic, on Cable & Dollar/Jap. Usual suspects (East Coast) attempting to pump wedges thru on the sly LOL.

 

154.0 to Friday's NY lows, of interest to latecomers...Jap traffic noticeably picking up into late afternoon trade. They sure whacked 2.0100 huh? Tess had that marker radared thru Friday. There's your key Cable fulcrum from here!

Share this post


Link to post
Share on other sites

milliard , et al,

 

would it ever be to certain parties advantage just to shut down the retail data feed for a while?

does that happen? just heard that most fx feeds had interuptions today in hardly fast conditions...

 

Many thanks,

 

zdo

Share this post


Link to post
Share on other sites

Krantzy:

 

Stops below 5520 appear to be of more concern (to the thumb suckers) than semi-serious Jap flows. What the hell do they pay these jerk off's to do all goddamned day long?!?????????

 

Ya, your 2.0100 was/is a slam dunk all night long....fast money's been eyeing that since the top channel @ 0220 pitched the supply. You really rate all that Russian shit?? I think it's ghost money myself - those characters might venture out when the flows are full, but you don't usually see them when the going gets tough...well, not via London outlets anyhow.

 

Updates would be nice ever once in a while - Reuters went walkabout today :o :o

 

zdo:

 

Not to the extent that it would be noticeable, no. Trouble is, when liquidity dries in circumstances such as these, the wholesale & top tier crowd go into a huddle.

 

Things can get awful tetchy as moving (ratcheting) size becomes problematic until full visibility (Frankfurt & London) occurs.

 

Dealers (at certain retail shops) holding overweight positions or top heavy biased order balances won't be able to offset if counter parties are unwilling to take their flows. The big desks (Primes & majors) will handle & sort their internal flows first, & filter party traffic second.

 

Times like this when you get to witness who really is doing their job correctly...& it's usually NOT the retail fly-by-night jockeys.

Share this post


Link to post
Share on other sites

 

You really rate all that Russian shit?? I think it's ghost money myself - those characters might venture out when the flows are full, but you don't usually see them when the going gets tough...well, not via London outlets anyhow.

 

"the russians are comin, the russians are comin"....when the going gets tough, the russsskies go-a-missing :helloooo:

 

Easy money for those good ol boys. Any scratching or pushin and a shovin & they're off to their beds :o

 

Ok skip, it's 22.00hrs & I'm sure glad this shift has rolled to a close. Lets go tease a dealer & steal his satchel.

 

Another day another $ beckons the morrow.

Share this post


Link to post
Share on other sites
milliard , et al,

 

would it ever be to certain parties advantage just to shut down the retail data feed for a while?

does that happen? just heard that most fx feeds had interuptions today in hardly fast conditions...

 

Many thanks,

 

zdo

 

zdo: I didn´t have any problems with quotes, feeds or trading today with MBT. What brokerage did you experience this problem?

 

Been shorting Cable all morning since 201.3, adding more positions as it keep going lower. Any clues as to where we may see support from the big boys?

Share this post


Link to post
Share on other sites
Any clues as to where we may see support from the big boys?

 

You just got your initial traffic light @ 9950 the solid upper tier range b/o line carried through from January.

 

Layered stops rest underneath back to 9775-50 off the years solid 1.9400 support camp. I guess it'll be 2 way back to 775-50 as they attempt to defend the zone which turned that battle line from previous supply to demand on this leg.

Share this post


Link to post
Share on other sites

Hi Anna-Marie!

 

Nice to see ya back! Thanks for the clue! I cleaned out last night before tokyo opened, I figured the wide spread would have taken my stops eventually. I'll keep an eye on these levels.

 

I suspected 2.0000 round number would have others make their stand from the bears.

Share this post


Link to post
Share on other sites
I cleaned out last night before tokyo opened, I figured the wide spread would have taken my stops eventually.

 

I suspected 2.0000 round number would have others make their stand from the bears.

 

Profit paring was in full flow Friday. Art was lightening up into Fridays strength, which tick boxed the late week double top slip. But sure, if you can book a little profit & hang fire then all well & good.

 

The aggressive specs will be re-loading longs at this initial support line (9950), but studier core longs won't re-arm until we get a clearer view of this weeks shenanigans (including todays Fed gig).

 

Our grid is marked out below. That supply-demand switch holds the defense at current levels. Decent stops now building all the way back to the stiffer defense at c9750.

 

Yours (for varying reasons) might look slightly different, but the shaded area's will no doubt harbour sensitive activity on re-visits.

activityzones.jpg.d91e0d0aa63dbf0f299cbb60065cf764.jpg

Share this post


Link to post
Share on other sites

Thanks for that, Anna-Marie! Yeah, last night´s 9950 was hit and hasn´t looked back since then. I´m little a surprised that prices are moving briskly despite today´s Fed announcement. It´s as if it´s a given that the Fed is going to lower rates, between .25 to full point. I´m still skittish about getting in today.

 

With all the news hitting the financial markets lately, I´m just glad I´m trading forex, you don´t deal with any news except the news from CBs.

Share this post


Link to post
Share on other sites
I´m little a surprised that prices are moving briskly despite today´s Fed announcement.

 

I´m still skittish about getting in today.

 

Always best to obey your instincts if they begin flashing warning signs. There's plenty of juice left to pick it up again at the next step.

 

Liquidity is still flat out there torero (on Cable), pockets of early bird aggressive specs picked it up & ran with it at the Tokyo-London overlap as it brushed the near term supports.

 

That + short covering ahead of the Fed looks to have shunted it to yesterdays highs. But traffic is light out there. Still, that's what thin markets will do when the psychology is fraught.

 

Similar scenario on the Euro/Jap...Krantz earmarked the latecomers (bargain hunters) to that pair yesterday, with interest from 154.0 to Fridays lows (c155.0) where prices have stalled into NY.

 

They bought the pullback nice & clean into early Tokyo after the stops had been probed & swept under 152.80. Obviously no sellers at work there, hence the green light to pitch it back.

 

Positive Stateside equities, particularly financials, won't have harmed that journey none.

 

Be interesting to see where they decide to run one or two of these pairs (Euro excluded) after the Fed gig. One or two heavyweight ECB chiefs on the wires today too upping the ante, along with lower tier Jap officials chattering up a dust storm.

Share this post


Link to post
Share on other sites

One or two heavyweight ECB chiefs on the wires today too upping the ante, along with lower tier Jap officials chattering up a dust storm.

 

That wouldn't be a vieled reference to all the talk of this supposed coordinated rates cut chatter doing the rounds would it Annie Oakley? :)

 

Care to lay a bet that item of mischievous spook speak slipped out of Hank Paulsons office?! :roll eyes:

 

2.0220 the fulcrum then huh? 0100 canned & panned.

Share this post


Link to post
Share on other sites

:o :o You know me better than that.

 

Besides, Trichet's foot soldiers are conspicuous by their very absense (today).

 

Ahhemmm (she clears her throat)....can I not count the 28 minutes (via a 1min frame) it got buffered & jostled before waving adios to 0100???

 

But yeah, 0220 carries the torch into the March action I'll give you that :)

 

and that's about the only thing I'll give you this quarter buster!!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Here’s something few are talking about: The Chinese are printing money like it's going out of style. Not that you'd hear about it in the mainstream news. But Bitcoin knows.   Bitcoin always knows.   Here’s the thing…   When the Chinese government prints money to paper over the cracks, their smart money doesn't sit around waiting to get devalued.   It usually flows into three things: Bitcoin, gold, and dollars.   After years of being beaten down, gold's having one of its best years in decades. But here's the secret -- whatever gold does, Bitcoin's going to do it bigger.   Much bigger.   Since last November, when China started their printing spree, Bitcoin's been moving in near-perfect correlation with the People's Bank of China's balance sheet. Over 80% correlation, maybe even 90%.   Again, few are talking about it.   But here's why this matters right now: This could be the beginning of a huge breakout in the crypto markets.   Bitcoin broke above its July high, and historically, that's led to new all-time highs over 90% of the time. The only times it failed? COVID and the 2022 bear market.   That's it.” – Chris Campbell   Profits from free accurate cryptos signals: https://www.predictmag.com/     
    • Originally Answered: How can I compete with people who are better than me in every way?   So you want to outcompete people who are smarter, better looking and more experienced than you?   No problem!   All you have to do is outwork them.   Will Smith said, "if we both get on a treadmill either you're going to get off first or I'm going to die trying."     Most people just aren't willing to work that hard. Sure, they'll show up for the job interview and maybe practice in front of the mirror for a few minutes, but they won't do hours and hours of research and prepare for weeks. They won't wake up early and stay up late working on their dreams.   So while all those smart, good-looking, experienced people are waiting around for the next opportunity to come their way, you can outwork them and create your own opportunities.   In a few years, you'll be that "smart" person everyone looks up to. But you'll be different. You'll know it was your hard work, your inner strength and your commitment to living a great life that made you successful and brilliant - not luck or good genes.” – Tom Corson-Knowles, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • @sxiqxx, Well done on making your first post a promising strategy. @everyone, post up if you want this coded into an EA. Although I switched to TradeStation, I still have an active MT5 demo with MetaEditor. I can code it without referencing object oriented programming which should be retroactively compatible with MT4. Let me know...
    • Please allow me to retort (in jest): RESPONSE 1 : Get a job supervising others where you're in control of performance reports and ride those others 100%. This makes your performance 100% with little to no effort.   RESPONSE 2: Feel free to piss off your boss but stay nonviolent. When the side effects of his viagra and testosterone boosters cause him to physically assault you, you have the legal upper hand. This can result in a boatload of trading capital.   RESPONSE 3: Feel free to have intimate relations with your boss if she finds you attractive. Rest assured that mum's the word because once again, you have the legal upper hand. This can also result in a boatload of trading capital.   RESPONSE 4: Don't be fake friends with any enemies... unless you need information from them. Being fake friends with everyone will cause you to become an empty shell of a person with no direction in life.   REPONSE 5: Get your boss to become reliant on your performance (really, just the performance of your subordinates), and then plan an "overheard" conversation wherein you fake an interview with another potential employer. You'll probably get a pay increase or a promotion.   RESPONSE 6: If you can give your 75% percent to a project, give 50% and rely on your legal upper hand(s). Learn to write trading algo's during your other 50%.   RESPONSE 7: Take all of the office boys out to nightclub where you merely sip soft drinks on a weeknight. Upon your return to the office in the morning, inform the security guards that all of the office boys are intoxicated. Your boss will love you for it.   RESPONSE 8: Never try to prove your client wrong or find faults in their processes, but do secretly collect their information in case you jump ship or "someone you know" decides to start his own company.   RESPONSE 9: Never stay in a firm for too long. Instead, use your ill-gotten capital to exit the rat-race and start trading.   RESPONSE 10: Trading pays more than your career. Interpersonal skills are now irrelevant. Use your technical skills for trading. Never stop learning and keep updating your technical skills.😁
    • There are a lot of trading strategies like elliot waves, wyckoff etc so we need to apply those who best suited to our need and are understandable too.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.