Did anyone else notice this crazy spike today?

aka_Ani

Tham gia từ Dec 28, 2011 3bài viết

Oct 28, 2015 at 08:34

Tham gia từ Dec 28, 2011 3bài viết

I'm pretty new to trading I'd say so I'm sorry if this is something obvious that every trader knows or something, but I noticed this insane spike on USDCAD earlier today. The price dropped from 1.32679 all the way to 1.27369 and back inside one 1-minute candle. That's over 500 pips!

Is this normal? What if people were in a trade and had stop losses there, or pending limit or stop orders? It strikes me as I write this, that this could be broker specific... I am on OANDA if that provides any of you with insights or answers. I wasn't in a trade at the time so it didn't really affect me, but I'm just really curious as to what this phenomenon is.

Thanks for the help!

Đính kèm:

timt

Tham gia từ Feb 10, 2011 1bài viết

Oct 28, 2015 at 09:50 (đã sửa Oct 28, 2015 at 09:51)

Tham gia từ Feb 10, 2011 1bài viết

I spotted it on FxPro demo account as well, these things happen but its scary for sure!

forex_trader_137597

Tham gia từ Jul 04, 2013 86bài viết

Oct 28, 2015 at 11:24

Tham gia từ Jul 04, 2013 86bài viết

That did not happen on my broker, Strange indeed, or market maker indeed.

forex_trader_137597

Tham gia từ Jul 04, 2013 86bài viết

Oct 28, 2015 at 11:26

Tham gia từ Jul 04, 2013 86bài viết

Oanda and FxPro, Strange

dentrade

Tham gia từ Oct 03, 2015 21bài viết

Oct 28, 2015 at 13:35

Tham gia từ Oct 03, 2015 21bài viết

Hi Aka,

I am with IC Markets (live account) and i could not find this spike, maybe it was a bug in your system?

den.wisman@

michaelbai

Tham gia từ Oct 26, 2015 32bài viết

Oct 28, 2015 at 13:40

Tham gia từ Oct 26, 2015 32bài viết

everyone mentions market maker as a bad thing. The idea of a market maker isnt the bad. its the bad practices an individual market maker has that makes THEM a bad market maker. LPs are market makers but everyone wants an STP or ECN Broker that is backed by a market maker, so no matter how good the broker is, its still "tainted" by market making if you want to consider all market makers bad.

Take Challenges Head On

DrVodka

Tham gia từ Dec 16, 2011 268bài viết

Oct 28, 2015 at 13:49

Tham gia từ Dec 16, 2011 268bài viết

I have PX pro real account and i had USd/cad trade last nignt ,but dindt see the spike . must be on demo account only

SteadyCaptureFx

Tham gia từ Nov 21, 2014 3bài viết

Oct 28, 2015 at 13:49

Tham gia từ Nov 21, 2014 3bài viết

Better start looking for another broker mate :)

forex_trader_249603

Tham gia từ May 13, 2015 81bài viết

Oct 28, 2015 at 15:32

Tham gia từ May 13, 2015 81bài viết

Use this broker:

https://pepperstone.com/?a_aid=LH-Group

Ilyezz

Tham gia từ Jan 02, 2014 28bài viết

Oct 28, 2015 at 15:51

Tham gia từ Jan 02, 2014 28bài viết

strange, i never seen this before!
it did not happen on Hotforex

darth7

Tham gia từ Dec 02, 2012 2bài viết

Oct 29, 2015 at 07:06

Tham gia từ Dec 02, 2012 2bài viết

I'm on FXPRO Real account, and that did not happen.

Darth7 Trading

michaelbai

Tham gia từ Oct 26, 2015 32bài viết

Oct 29, 2015 at 10:57

Tham gia từ Oct 26, 2015 32bài viết

USGFX also didnt ahve it. Had to get some time to check it to be sure.

Take Challenges Head On

togr

Tham gia từ Feb 22, 2011 4573bài viết

Oct 29, 2015 at 11:55

Tham gia từ Feb 22, 2011 4573bài viết

aka_Ani posted:
I'm pretty new to trading I'd say so I'm sorry if this is something obvious that every trader knows or something, but I noticed this insane spike on USDCAD earlier today. The price dropped from 1.32679 all the way to 1.27369 and back inside one 1-minute candle. That's over 500 pips!

Is this normal? What if people were in a trade and had stop losses there, or pending limit or stop orders? It strikes me as I write this, that this could be broker specific... I am on OANDA if that provides any of you with insights or answers. I wasn't in a trade at the time so it didn't really affect me, but I'm just really curious as to what this phenomenon is.

Thanks for the help!

Isnt this during the midnight break when trading is closed and broker settle the day?

aka_Ani

Tham gia từ Dec 28, 2011 3bài viết

Oct 29, 2015 at 13:17

Tham gia từ Dec 28, 2011 3bài viết

Yeah it was during the night, but trading with forex doesn't really close until the weekend right?

Also, the strangest thing - If I go back to that time spot now I don't see the spike in my OANDA live account. I still see it in my FxPro demo account though, and I'm starting to question my sanity and whether I saw it in the OANDA live account originally or only in the FxPro demo...

michaelbai

Tham gia từ Oct 26, 2015 32bài viết

Oct 29, 2015 at 13:17

Tham gia từ Oct 26, 2015 32bài viết

I dont know about your broker, but mine is 24/7

Take Challenges Head On

togr

Tham gia từ Feb 22, 2011 4573bài viết

Oct 29, 2015 at 13:18

Tham gia từ Feb 22, 2011 4573bài viết

aka_Ani posted:
Yeah it was during the night, but trading with forex doesn't really close until the weekend right?

Also, the strangest thing - If I go back to that time spot now I don't see the spike in my OANDA live account. I still see it in my FxPro demo account though, and I'm starting to question my sanity and whether I saw it in the OANDA live account originally or only in the FxPro demo...

I am not with Oanada as they sucks but many brokers actually close for 5 min every day

EURUSD	1.12939	GBPUSD	1.3282	AUDUSD	0.63834
USDJPY	145.443	USDCAD	1.38509	USDCHF	0.82907

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