Wide Spreads in Many Pairs Today

[torero]

	Quote:	zdo
	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?

[Anna-Maria]

	Quote:	torero
	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.

[torero]

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.

[Anna-Maria]

	Quote:	torero
	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.

[torero]

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.

[Anna-Maria]

	Quote:	torero
	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.

[milliard]

	Quote:	Anna-Maria
	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?!

2.0220 the fulcrum then huh? 0100 canned & panned.

[Anna-Maria]

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!!