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Usd/Chf spike

Rihan
RSTrading
Jan 15 2015 at 20:41
385 posts
Looking at my charts I saw an unbelievably huge spike - haven't seen such a massive one in a while. I was just wondering, were any traders caught in this spike?

stevetrade (stevetrade)
Jan 15 2015 at 20:44
1408 posts
Yep. Most stressful trading day ever.
Best regards Steve

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
DrVodka
Jan 16 2015 at 01:51
297 posts
stress what stress it was 1 sec job . 99 % people lost it all in 1 sec /

aeronthomas (aeronthomas)
Jan 16 2015 at 05:00
1557 posts
would be interesting if people could post what was the lowest price USDCHF got to yesterday on their brokers chart (live accounts only) I will start 0.06274 with IC Markets, 0.83343 with Global Prime.

aeronthomas (aeronthomas)
Jan 16 2015 at 08:59
1557 posts
Pepperstone reached 0.71412 just read in another spread on USDCHF. IC Markets have said the 0.06274 was from Currenex when Integral feed went down and trades will be adjusted for when prices were quoted incorrectly. So looks like IC Markets is going to fix up trades. Still a massive difference between Global Prime and Pepperstone prices, will be interesting to see how all the brokers adjust trades to traders.

Rihan
RSTrading
Jan 16 2015 at 09:43
385 posts
I really hope it doesn't happen to the majors - I believe it happened so quickly that stoplosses were disregarded. Was there any sort of warning? I suppose if you are a fundamental trader you would have known to stay away from affected pairs?

stevetrade (stevetrade)
Jan 16 2015 at 09:49
1408 posts
You can be certain that any adjustments will be in the brokers favour.

There was no warning, SNB said it needed to be a surprise. Stop losses were not honoured because for a while there was no liquidity. The market makers pulled out.

There are some traders saying they called it, but law of averages would dictate that some people would be right in their guestimates.
Best regards Steve

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Rihan
RSTrading
Jan 16 2015 at 10:55
385 posts
Geez..I know forex is risky but, what expert advisor/manual trading system can foresee something like this? I am sure there are many out there who had their entire account blown in a few seconds. I can understand it was done in secrecy to avoid some cashing in on this and becoming unbelievably rich.

DrVodka
Jan 16 2015 at 11:08
297 posts
alpari uk ---- usd/chf went down to 0.73595

aeronthomas (aeronthomas)
Jan 16 2015 at 11:24
1557 posts
Wow Alpari UK has gone insolvent also along with excel markets and FXCM on the verge

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