5 Oct 2009
gbpjpy Sun night spreads
Not the strongest jpy cross to long really but on Sun night this pair was higher than the rest and my broker gave wider spreads on the 'exotics' of cadyen and nzdyen. It seems the spreads are very wide on Sun evenings for some reason? Must be lack of liquidity? One to remember for the future. Patience would have been better here too - wait for a SR level to be penetrated and tested with a HL rather than rushing in on the activation of the hammer. In the back of my mind I said to myself that 'I bet this finishes as BarbWire today when Europe pushes it up and the US fades that move in the afternoon!' Hey presto - maybe listen to gut instinct once in a while??!!
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