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

I would to ask for those who were trading ANY GBP major or minor cross to share your broker's name and what Prices you had on either your Winners or Losses.

I experienced several margin calls from not only my own trading but other systems that I followed through signal. These margincalls turned into Negative balance and will likely cost me over $5000 in negative balances.

Share your Charts, Broker Names, Execution delays slippage and/or log files, etc to document this latest British Pound Flash Crash.

Thank you everyone.

HB

Traderway ECN

GBPUSD = Low of 1.2019

I have so much slippage on the stoploss prices that my head is spinning. I will have to find something to make this easier.

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.

Yup, happened all over. I took an 84% knock, refunded before margin call. The Jury is still out on exactly what caused it, speculation is human or server error (I'm not convinced a human can cause that), other suggestions are uncertainty from Brexit.

I'm putting it behind me, concentrating on recovery. Closed GBPUSD and USDJPY (won't be trading these anymore, too uncertain, when Brexit is finalized I will open those charts again).

The most horrible quote i have seen was at RoboForex..
Down to 1.1476... !
Luckily i wasn't invested there...

I have lowest as 1.20259 (Market Execution ECN)

upandgo, is that Instant Execution account? if not, they are seriously misquoting, if it is, it's normal.

xgavinc posted:
I have lowest as 1.20259 (Market Execution ECN)

upandgo, is that Instant Execution account? if not, they are seriously misquoting, if it is, it's normal.

RoboForex ECN
They always do such spikes...((
Which i don't see at other brokers

Pepperstone ECN on Edge03, low of 1.19164 on GBPUSD.

Tickmill 1.14128, and this is considered asian broker

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.

xm.com gbp/usd went as low as . 1.19750

BoE is investigating.

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.

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.

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.

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. 😀

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.

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.....