Friday, May 8, 2009

NFEC, is it a non-trade hour?

GBP USD had a strong trend bar, which resulted in clear trending action, very tradeable (overshoot, take the first L2)




EUR JPY's NFEC bar is a doji (ranging bar) and the behaviour of the market after this is ranging (not fun)

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1 comment:

  1. NotTheRealThingMay 8, 2009 at 11:41 AM

    It seemed to me that today's move wasn't as volatile as in previous NFE days. My broker reduced spreads to normal fairly quickly where in previous incidences it would take at least 10 mins or more to even reduce to tradeable sizes, let alone normal sizes.

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