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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (28422)	5/7/2010 3:48:53 PM
From: RockyBalboa	Respond to of 71456

Yes it was a typical trade to run round numbers down on nearly nonexistent volume in the Cable, while there was some heavylifting in the EUR/GBP cross at the same time (which spiked to 88p). But after that it never saw selling again, they were blunt enough to bid at 1.45 with 100 contracts (the first time I saw sizable bids during the dip drip). Since the EUR bounced anyways, it became a matter of an hour that traders exited the cross trade and the cable was bought on more volume then. Amazing, I was away from the daily market like 2 months or more, and I come back and see the largest moves in my lifetime (e.g. EURYEN).