AUTOREFRESH 
Picture not getting any prettier
By Jamie Coleman || December 29, 2008 at 15:54 GMT
|| 3 comments || Add comment
EUR/USD has fallen back below 1.4000, making a fresh low for the session at 1.3968 in the process. A wave of profit-taking in EUR/GBP has helped accelerate the EUR/USD slide. Traders are using minimal finesse in the execution of orders. in fact, banks are using a minimum of human capital, having the machines price this stuff, by and large. Algos don’t blink and are not afraid to book a loss if need be.
Evening all
Hi, At what point do the “people” look over the screens and wonder what the b-jeez is going on ? I understand it costs to have a bod present but as one who wrote the code a “few” years ago – ok so Lotus 1-2-3 is no longer in use
– a human element was still required or is it that the game is now so refined – er hmm – the old adage of GIGO garbage in garbage out , no longer applies.
I have to say, I sat here and watched (well participated) in the GBPUSD sell off today. Come on – it nukkin futs.
My social director always comes over and enquires how the wine vouchers are doing thus providing a sound ear to listen to my logic …….. today my response had to be “*&*$ ed if I know, call Mystic Megs hotline and give me a clue”
Who are these Algo’s and do you know a guy called Jimmy the Hatchet for hire
Have a great New Year’s I’m of to get hammered and forget it now until January maybe Feb !!
A now it appears the Asiay Crazen’s are on the bid chasing things higher setting up the possibility for a rerun of the insanity tomorrow (?). Tko on hols Wednesday!, so last chance for them to play.
And are doing it again in early trading today, currently 1.4052. Asiay Crazens!