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  • USDJPY triggers stops through 119.50 and yen pairs follow

    From forexlive.com

    After a comatose start the market has now burst into life. Traders reporting large stop-loss orders triggered through 119.50 to post 119.77 highs. Being linked to large demand in GBPJPY. Yen pairs all following suit and giving a lift to EURUSD and GBPUSD which are now both on session highs at 1.1346 and 1.5503. Offers at 1.1350-55 and 1.5510 still key levels to watch with those pairs having stop-buys of their own if breached.

nice charts at screeen lol
WTF. This is the " news" that made the cable to up big ass candle !?!?
it's becoming a daily thing to have forexlive post something here and majority of times they dont'come with news but just try to move the market one way or another.
Who in forexfactory is allowing them to post in news area and why exactly?
Is it a pay to post thing ? I can make a great website also and post fantastic charts of 5 to 8 pip move and call it a market crash waiting to happen.
On topic, charts only show 25 pip movement so this breaking news should be set with at most a yellow flag and not red.
Its not the first time recently that some strange move happens during UK trading times which someone tries to 'explain'!! I would'nt put it past MM's and robber banks over there manipulating the market with the lax laws over there - do anything to screw us small fry!!
Yes this ForexLive has been BS for a long time, and I don't understand why FF lets them post and manipulate the market. ForexLive is probably backed by a broker to take out stops on the smaller investor, for the institution investors are trading on larger time frames and have stop losses far away from market noise. Your biggest enemy in Forex trading is your broker!!!!!!!!!! Now we have so called news outlets like ForexLive as a new enemy!!!!!! Maybe trade more currency pairs and lower lot size to move SL away from these Thieves!!!! Also I remember a couple weeks ago a some pairs spiked over 1000 pips on one 5 Min candle total BS, a lot of it may have been the spread. Just remember your broker is your biggest enemy trading the Forex!!
Quoting Fx-Baron
Yes this ForexLive has been BS for a long time, and I don't understand why FF lets them post and manipulate the market. ForexLive is probably backed by a broker to take out stops on the smaller investor, for the institution investors are trading on larger time frames and have stop losses far away from market noise. Your biggest enemy in Forex trading is your broker!!!!!!!!!! Now we have so called news outlets like ForexLive as a new enemy!!!!!! Maybe trade more currency pairs and lower lot size to move SL away from these Thieves!!!! Also I remember...
You must be kidding...
Quoting alphafunds
You must be kidding...
I must be kidding about what??
Quoting Fx-Baron
I must be kidding about what??
If roughly 80% of Forex transactions are settlements of big corporations and say tourism ect, which is usually at the London open 3:00 to 4:00 am NY time , and roughly 17% are large institution investors/ Hedge Funds and roughly 3% small traders. For example who moved the markets on 8/24/15 @ 9:00 am say on GBPNZD 1050 pips in 5 Min, The MM's / Spread, Institutions, or Hedge fund's?? I doubt it was the Corporations which is 80% and I'm sure they aren't looking at a 5 Min chart so how would it be, I doubt the 3% So it leaves the MM's/ Brokers, or Hedge Funds??
Quoting Fx-Baron
If roughly 80% of Forex transactions are settlements of big corporations and say tourism ect, which is usually at the London open 3:00 to 4:00 am NY time , and roughly 17% are large institution investors/ Hedge Funds and roughly 3% small traders. For example who moved the markets on 8/24/15 @ 9:00 am say on GBPNZD 1050 pips in 5 Min, The MM's / Spread, Institutions, or Hedge fund's?? I doubt it was the Corporations which is 80% and I'm sure they aren't looking at a 5 Min chart so how would it be, I doubt the 3% So it leaves the MM's/ Brokers, or...
Oh, I mentioned that GBPNZD on 8/24/15 9:00 am ran up 1050 pips in 5 Min and ran right back down 1050 pips the next 5 Min or 21 cents in 10 min. And 300 to 500 pip moves on a 5 Min chart are common on GBPNZD or EURNZD but who moving or manipulating the markets at those times?? MM's / Spread/ stop hunting or hedge funds its NOT the 3%
  •  Guest
  • | IP XX.XX.25.42
fx baron forexlive isnt moving the market they provide lots of information. like info on daily options fx price levels that are very useful. and theirs a lot of action going thursday on those for example USDJPY 120.00 (USD 947m) 120.80-75 (1bln) 121.00 (916m) the idea that a news site is working against you means you need to quit trading forex.
Quoting Guest
fx baron forexlive isnt moving the market they provide lots of information. like info on daily options fx price levels that are very useful. and theirs a lot of action going thursday on those for example USDJPY 120.00 (USD 947m) 120.80-75 (1bln) 121.00 (916m) the idea that a news site is working against you means you need to quit trading forex.
You call that a news site!! What a joke!!! And I make mega pips trading a 5 Min chart! on 5 or 6 certain pairs knowing there DTR (daily trading range) and what time of the day to trade, and what time of the day to look to reverse my positions. I don't trade news or economic data. If I'm in a trade when economic data is coming out I close trade or move SL to BE or in profits. You must Tweet for Forexlive, sometimes they come up with just head lines with no info to back up the head line and thats just BS.
Quoting Fx-Baron
For example who moved the markets on 8/24/15 @ 9:00 am say on GBPNZD 1050 pips in 5 Min, The MM's / Spread, Institutions, or Hedge fund's?? I doubt it was the Corporations which is 80% and I'm sure they aren't looking at a 5 Min chart so how would it be, I doubt the 3% So it leaves the MM's/ Brokers, or Hedge Funds??
GBP/NZD is just derivative of GBP/USD and NZD/USD pairs. NZD/USD spike caused that huge upward move in GBP/NZD. I dont think that any institution or hedge fund directly trading crosses like this one. To manipulate GBP/NZD somebody needs to to move NZD/USD and GBP/USD and that would require significant capital and all that just to take some retail stops? Common guys....
Quoting johnnycash
GBP/NZD is just derivative of GBP/USD and NZD/USD pairs. NZD/USD spike caused that huge upward move in GBP/NZD. I dont think that any institution or hedge fund directly trading crosses like this one. To manipulate GBP/NZD somebody needs to to move NZD/USD and GBP/USD and that would require significant capital and all that just to take some retail stops? Common guys....
I get that the GBPNZD lets just say is correlated to NZDUSD and or GBPUSD. All I was trying to say that Forexlive puts out headlines sometimes, without information and it makes some pairs spike for no reason. I know it takes massive amounts of money to move the market. I understand how pairs move, I trade a 5 Min chart about 14 to 16 hours a day. If I'm up 20, 25 pips I will put in a SL @ BE and let it run to the DTR, Major Sup/Res or if it spikes 100 pips I'll close and re-enter. Also when Europe starts closing around 11:30 am NY time I'll look for an indication of a reversal, Cross of a T-3 Tilson or an EMA to reverse my postion. Anyway Thank you for the insite!!
Quoting Fx-Baron
All I was trying to say that Forexlive puts out headlines sometimes, without information and it makes some pairs spike for no reason.
your argument may only be considered valid if they were the only source of news in the entire world.
Quoting Bicarus
your argument may only be considered valid if they were the only source of news in the entire world.
I said sometimes ForexLive spats outs Head Lines without any info past the Head Line. What other news organization on FF does that, and its not an argument its a fact! And I don't really care! I trade the chart!
guess it completely depends on a trader to believe such analysis and get a sudden luck or not and may be also get luck by that… I think a trader should carry out own analysis basing of course on the objective news and trade bearing all the responsibilities for the taken decision
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  • Story Stats
  • Posted: Oct 20, 2015 3:14am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 16  /  Views: 4,739