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GBP???
Medlem sedan Jan 12, 2014
102 inlägg
Oct 06, 2016 at 23:18
What just happened?
News?
News?
You've gotta be in it to win it.
Medlem sedan Jun 14, 2013
127 inlägg
Oct 07, 2016 at 00:14
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.
"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!
Medlem sedan Jan 12, 2014
102 inlägg
Oct 07, 2016 at 00:15
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.
Medlem sedan Sep 20, 2014
342 inlägg
Oct 07, 2016 at 05:01
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.
Everyone wants to share the profit, no one wants to share the losses.
Medlem sedan Jul 25, 2016
220 inlägg
Oct 07, 2016 at 06:22
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
Medlem sedan Mar 17, 2014
2 inlägg
Oct 07, 2016 at 08:00
Great Q... guess we'll find out in a bit
Greed kills brain cells
Medlem sedan Sep 12, 2015
1933 inlägg
Oct 07, 2016 at 08:01
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".
Medlem sedan Mar 17, 2014
2 inlägg
Oct 07, 2016 at 08:01
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
Oct 07, 2016 at 08:02
"Aut viam inveniam aut faciam (We will either find f way, or make one)" Hannibal Barca
Medlem sedan Dec 16, 2011
268 inlägg
Oct 07, 2016 at 08:02
flash crash / Sterling is Cheap right now .
Medlem sedan Sep 12, 2015
1933 inlägg
Oct 07, 2016 at 08:08
I was drinking whiskey celebrating at the time, my gfs 10k profit on oil.
"They mistook leverage with genius".
Medlem sedan Jul 25, 2016
220 inlägg
Oct 07, 2016 at 08:21
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
Medlem sedan Sep 12, 2015
1933 inlägg
Oct 07, 2016 at 08:26
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".
Medlem sedan May 11, 2011
219 inlägg
Oct 07, 2016 at 10:18
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.
Medlem sedan Dec 11, 2015
1462 inlägg
Oct 07, 2016 at 10:31
Does anyone know why this actually happened?
Medlem sedan May 11, 2011
219 inlägg
Oct 07, 2016 at 10:47
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.
Medlem sedan Sep 12, 2015
1933 inlägg
Oct 07, 2016 at 10:56
(redigerad Oct 07, 2016 at 11:04)
xgavinc posted: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 😁
Thanks !Yeah that's why I don't trade it.Traded Gold a few times below 1200 otherwise FX.
"They mistook leverage with genius".
