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FLASH MOVEMENTS 2011-03-16 5pm EST
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Member Since Nov 27, 2010 217 posts
www.raidenworks.com (Raiden)
Mar 16 2011 at 21:29
(edited Mar 16 2011 at 21:34 )
If anyone is watching now(1700 EST, 2100 GMT), hang on for a rough ride! INSANE movements! WOOOO!!!
Most pairs moving by up to 400 pips in 20 minutes. Spreads widening to 30+ pips even for major pairs. What's happening? Consistency above all. |
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Member Since Aug 20, 2009 184 posts
kennyhubbard (compuforexpamm)
Mar 16 2011 at 21:47
Yeah, I just got taken for a ride I won't easily forget.............my GDF broker missed my stoploss by 112 pips
Wealth Creation Through Technology |
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Member Since Nov 27, 2010 217 posts
www.raidenworks.com (Raiden)
Mar 16 2011 at 21:52
GBPJPY -530 pips
EURJPY -430 pips AUDJPY -390 pips USDJPY -320 pips CADJPY -330 pips CHFJPY -220 pips USDCHF -170 pips GBPCHF -310 pips EURCHF -200 pips AUDUSD -100 pips GBPAUD +130 pips EURAUD +170 pips AUDNZD +160 pips AUDCAD -120 pips Civil war in Libya? Consistency above all. |
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Member Since Nov 27, 2010 217 posts
www.raidenworks.com (Raiden)
Mar 16 2011 at 22:37
compuforexpamm posted: Yeah, I just got taken for a ride I won't easily forget.............my GDF broker missed my stoploss by 112 pips Sorry to hear that, man. I had prices gap below my SL before too, sucks when that happens. 112 pips is pretty insane though. Consistency above all. |
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Member Since Aug 20, 2009 184 posts
kennyhubbard (compuforexpamm)
Mar 17 2011 at 03:22
Thanks.....been a bad month with Jade to boot. Lucky last night's fiasco only cost me about 1% but it could have been really nasty with a bit more exposure. I have come to believe that 50:1 leverage does have its benefits......it keeps risk under control.
Wealth Creation Through Technology |
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Member Since Jan 14, 2010 261 posts
James_Bond
Mar 17 2011 at 07:45
So what exactly happened to create such movement? I was away from my pc at the time..
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Member Since Nov 18, 2009 735 posts
speki
Mar 17 2011 at 08:07
http://www.forexlive.com/173735/all/usdjpy-option-book-selling-caused-the-collapse
If you scroll the charts back to May 2010, something similar happened to U/J. Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform. |
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Member Since Jan 14, 2010 261 posts
James_Bond
Mar 17 2011 at 08:41
speki posted: http://www.forexlive.com/173735/all/usdjpy-option-book-selling-caused-the-collapse If you scroll the charts back to May 2010, something similar happened to U/J. Right, I remember the day! It was the end for many carry traders.. Thanks 
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Member Since Nov 27, 2010 217 posts
www.raidenworks.com (Raiden)
Mar 17 2011 at 10:26
These kinds of flash crashes fly in the face of 'value investing' and proper price discovery. A little surprised today's movement was not mentioned much in the news, might be because it happened in the non-trading hours of the equity markets, so little to no net impact there.
Consistency above all. |
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Member Since Jan 14, 2010 261 posts
James_Bond
Mar 17 2011 at 13:00
Raiden posted: A little surprised today's movement was not mentioned much in the news, might be because it happened in the non-trading hours of the equity markets, so little to no net impact there. Most likely. I wonder if the movement was caused on off hours on purpose? Was it to prevent a deeper impact on the market? |
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