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mrtodd
Oct 06 2016 at 23:18
121 posts
What just happened?
News?

You've gotta be in it to win it.
JacoAF (JacoAF)
Oct 07 2016 at 00:14
130 posts
Comment by French president Hollande:

'Britain must suffer the consequences of leaving the EU to avoid EU existential crisis' (According to John Kicklighter, DailyFX)

This triggered an HFT Flash Crash on thin liquidity during Asian markets.


Think the market should retrace to levels before the drop.

Keep it simple, be disciplined, get rich slowly and above all protect your equity!
mrtodd
Oct 07 2016 at 00:15
121 posts
Thanks for the info. I agree, it should most likely retrace. EU is done anyway. Just a matter of time.

You've gotta be in it to win it.
SaltyWaters
Oct 07 2016 at 00:23
247 posts
That was awesome, It made my day! Instant cash! 😄

theHand
Oct 07 2016 at 05:01
365 posts
Now we wait for the deluge of complaints from the managed accounts that failed.

Everyone wants to share the profit, no one wants to share the losses.

GJscalper
Oct 07 2016 at 06:22
237 posts
theHand posted:
Now we wait for the deluge of complaints from the managed accounts that failed.

Everyone wants to share the profit, no one wants to share the losses.


 Very well said. I sure have not seen anyone who has made even 600 pips from that drop of GBP/JPY but I sure have seen many margin calls. They made the spread like 550 pips. so trust me the spread alone would of closed the sellers, as they need to get out on the ASK price which remained near where it dropped! That is how the market can hit brokers hard or the brokers who bet against their clients can get manipulated very easily!

@GJscalper for more information
flightdeck (flightdeck)
Oct 07 2016 at 08:00
2 posts
Great Q... guess we'll find out in a bit

Greed kills brain cells
snapdragon1970 (snapdragon1970)
Oct 07 2016 at 08:01
1944 posts
Wow what a move on Eur/Gbp if that was a mistake it should pull back down to 88 levels again,saying that traders act foolish after times like this,wouldn't surprise me if it shot back up.Anyway I think HFT on thin liquidity,there was chat during the week of a huge short position on Gbp.

"They mistook leverage with genius".
FxVRD (FxVRD)
Oct 07 2016 at 08:01
9 posts
:) unreal fall around 1000 pips for a two minutes


flightdeck (flightdeck)
Oct 07 2016 at 08:01
2 posts
They obviously needed to get some lower positions; so do it before the Asian session when it's cheaper to do so- watch it go up from here....

Greed kills brain cells
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