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mrtodd
Oct 06 2016 at 23:18
posts 121
What just happened?
News?
You've gotta be in it to win it.
Jaco Ferreira (JacoAF)
Oct 07 2016 at 00:14
posts 130
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
posts 121
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
posts 247
That was awesome, It made my day! Instant cash! 😄
theHand
Oct 07 2016 at 05:01
posts 365
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
posts 237
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
Alex (flightdeck)
Oct 07 2016 at 08:00
posts 2
Great Q... guess we'll find out in a bit
Greed kills brain cells
kieran (snapdragon1970)
Oct 07 2016 at 08:01
posts 1948
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".
Veselin Dimitrov (FxVRD)
Oct 07 2016 at 08:01
posts 9
:) unreal fall around 1000 pips for a two minutes

Alex (flightdeck)
Oct 07 2016 at 08:01
posts 2
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
anpiro
Oct 07 2016 at 08:02
posts 1
DrVodka
Oct 07 2016 at 08:02
posts 297
flash crash / Sterling is Cheap right now .
omeidaye
Oct 07 2016 at 08:04
posts 1
I had 4 open positions to the short side that saw my account grow 40% just on the move !!😄
kieran (snapdragon1970)
Oct 07 2016 at 08:08
posts 1948
I was drinking whiskey celebrating at the time, my gfs 10k profit on oil.
"They mistook leverage with genius".
GJscalper
Oct 07 2016 at 08:21
posts 237
snapdragon1970 posted:
I was drinking whiskey celebrating at the time, my gfs 10k profit on oil.
Why would you bother typing it if you have no proof of it?
@GJscalper for more information
kieran (snapdragon1970)
Oct 07 2016 at 08:26
posts 1948
ill take a screen snap shot later,just for you,whats even more amazing she did it with a small account,no experience ,just got some pointers from me,but I don't trade oil.
"They mistook leverage with genius".
xgavinc
Oct 07 2016 at 10:18
posts 235
snapdragon1970 posted:
I was drinking whiskey celebrating at the time, my gfs 10k profit on oil.

Congratz to her! Well done.

I'm also not a fan of black gold (too manipulated by OPEC), more a gold & silver fanatic 😁
For every loss there should be at least an equal and opposite profit.
mlawson71
Oct 07 2016 at 10:31
posts 1487
Does anyone know why this actually happened?
Veselin Dimitrov (FxVRD)
Oct 07 2016 at 10:32
posts 9
:) someone drink whiskey others will jump from 8th floor :) this flash crash kill a lot of traders accounts
xgavinc
Oct 07 2016 at 10:47
posts 235
mlawson71 posted:
Does anyone know why this actually happened?

Pure speculation everywhere.

1. Asia scare on news of possible hard Brexit.
2. Algorithmic trading going haywire on low volumes.
3. Gold finger tycoon (a George Soros of Asia type event)
4. Nigel Farage had a nightmare (not really, but may as well throw it in)

Seems nobody knows, or will ever know exact reason, and every definitive answer is a variation of speculation noise.
For every loss there should be at least an equal and opposite profit.
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