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GBP Pairs - Illiquid Market - Blown Accounts - What price did you get?

exnessdubai
Oct 07 2016 at 10:37
8 posts
iam new ,is there any news for this crash?any econamic data released/please inform the reason at that time.i thought that time is safe for scalp.please advice.

DrVodka
Oct 07 2016 at 10:39
297 posts
xm.com gbp/usd went as low as . 1.19750

stian
Oct 07 2016 at 10:39
325 posts
argreen
Oct 07 2016 at 10:40
48 posts
Trying to shed light on the GBP moves overnight will be extremely difficult in the current climate, with the wide variety of trading platforms leaving all markets open to moves such as this in a community now heavily populated with machine based trading. Some have alluded to comments made by French president Hollande that the UK is facing a ‘hard Brexit’ as a potential catalyst for the move, but going through at a time when liquidity is at its weakest will have conspiracy theorists looking to market manipulation, and a fat finger trade also in the reasoning. All of this is academic now as the London market picks up the pieces, but in the 4-5 hours, we have seen Cable balancing out in the 1.2350-1.2480 range, with EUR/GBP hovering above and hold off .8900. The cross rate highs are largely accepted to have been a little shy of .9300 by consensus, but the spot rate has the more official platforms quoting the low 1.2000’s and 1.1840-45 as the lows trade. Looking ahead, we doubt the UK industrial and manufacturing production numbers will have too much impact on GBP this morning, and perhaps again after US payrolls, but we can expect to see any major moves in Cable – which will likely be the move active rate today - contained towards 1.2000 on the downside, while 1.2600-20 may cap initially higher up.

What goes up, must go down
theHand
Oct 07 2016 at 13:23
365 posts
Just fx lads. Not broker specific.

Not half as big as Chf 2 years ago. This was a 10% move in a few seconds, Chf was 50% in a tick.

Fx is not for everyone. If you can't afford to lose, don't play.

I traded through his just fine, the lesson is expect these events, they are normal and if your systems can't handle them then you're not ready for live time.


theHand
Oct 07 2016 at 13:26
365 posts
Oh - and you are trading margin accounts. You can lose substantially more than you put in. Obviously. So don't complain if you did. It's what you signed up for.

McLeonis (McLeonis)
Oct 07 2016 at 14:38
14 posts
theHand posted:
Just fx lads. Not broker specific.

Not half as big as Chf 2 years ago. This was a 10% move in a few seconds, Chf was 50% in a tick.

Fx is not for everyone. If you can't afford to lose, don't play.

I traded through his just fine, the lesson is expect these events, they are normal and if your systems can't handle them then you're not ready for live time.

I remember that moment, very big move. And many other I went through.
Still, i survive and make profit from that. Smart investors will win. 😀

I don't throw darts at a board – I bet on sure things.
GJscalper
Oct 07 2016 at 22:44
237 posts
fx4btc posted:
I have a slippage of 1288 pips Total trading GBPUSD . And this is just on 1 account at Tradersway. I will document more accounts through out this weekend.


 The sad part about all of this is that not even the brokers are safe from these types of moves as they are the ones who are really taking the 'risk'. This is exactly what happened before with the black swan event.

@GJscalper for more information
theHand
Oct 08 2016 at 00:48
365 posts
What nobody is mentioning here is that the frequency of these events are increasing. Something like BREXIT or Chf is supposed to be a 10 or 15 year event. Yet we have Chf, BREXIT, Turkey, Gpb all in a very short period of time.

It's telling you something.....

PTG (ProTradersGroup)
Oct 08 2016 at 01:36
386 posts



I knew this would happen before Brexit 😄



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