GBR/AUD BID 1.55025. ASK 1.55374
USD/JPY BID 79.635 ASK 1.0377 (error on ask)
Currently:
1.54897/ 1.5511
80.415/80.469
Got stopped out on both, should have known better..
Will pick these up after us election as volatility is just too high ATM. Didn't matter what I targeted it pretty much go stopped.
"As FXWW Founder Sean Lee explains: "It's a sad state of affairs but most movement in the market at the moment is caused by stop-loss hunting. The market finds a bias and starts building positions but with momentum and confidence lacking, tight trailing stops have become the norm. Once positioning gets to any sort of sizeable level, the market then turns and starts targeting the trailing stops. There's nothing we can do about this, it's just the way the market presently is so best we join in!" "
Read more: http://community.nasdaq.com/News/2012-11/forex-euro-bulls-taken-hostage-by-stop-loss-hunting-fans.aspx?storyid=186580#ixzz2B8F2OaEY
Got left with the three below all in green! Will hold and top up on lows.
AUD/ZAR
EUR/CAD (sell)
GBP/SGD (sell)
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