Reaction long after the drop?
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Reaction long after the drop?
I looked at Cable yesterday morning for the retrace, but actually took the trade using GBP.JPY - exit at 60 pips
nice overnight take from Arco's blog
default setting of 150 pips taken with a couple of cable trades
Im hopefull on this one Peat heading still lower and risked a weekend hold of three postions to hang on for sub 161 even to target of 160.
great to see the in workings of arcos trading truly a fascinating study .
http://iforce.co.nz/i/qt0ujk3z.jpg
Big move in GBPUSD. Looks like some comments fom Holland pushed it through 1.26, then the algos got hold of it and liquidity dried up. Reports from dealers saying the lowest traded was 1.1378. Big move for a matter of seconds.
That was bigger than the initial move for BREXIT when the Sunderland vote came in.
Attachment 8345
http://www.telegraph.co.uk/business/...uro-investors/
Pound surges to eight-week high against dollar after Brexit minister hints at EU market access