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  • Cable implodes - flash crash in the pound

    From forexlive.com

    GBP/USD hits a 700 pip air pocket It's madness in the markets as the bottom falls out of the pound. The bids have been pulled with no buyers on the downside as the Brexit trade capitulates. A lot of times something like this is a bottom but all those politicians who patted themselves on the back for avoiding disorderly markets after the vote better have another look. We haven't seen this kind of move a major currency on no news (at least I think there's no news) in a long time.

nice!
whats the reason for this crashing???
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  •  Guest
  • | IP XXX.XX.2.229
What the hell is going on here
Did they just shut G/J down....dropped 220 pips in 5 seconds and stopped.....not moving at all. It's like it kicked a breaker.
I hit T/P over 100 pips on stolen yen, still confused what the hell is going on??
Quoting cugir321
Did they just shut G/J down....dropped 220 pips in 5 seconds and stopped.....not moving at all.
900 pips but is moving
Maybe your broker issue
Lolol
fantastic move... i just went to the bath room and boom! Its obviously something not right hear, its shooting back up again. someone playing games.... Even if you had a sell order on that, im sure from reading other post most people seemed to have a bullish outlook on the pound so im sure lots of unhappy people when they wake up today.
I said today stay out of GBP,XAU,JPY....SL all ower the world
frequency traders?...
Quoting mrhigurashi
fantastic move... i just went to the bath room and boom! Its obviously something not right hear, its shooting back up again. someone playing games....
Big fat miscalculations?!?

Obvious stop hunt & large order filling for a move in the opposite side???
  •  Guest
  • | IP XXX.XX.101.136
Recent daily down price action would suggest a rebound retracement. Instead we get a mind boggling black swan down 675 pips in :15.
the moment i saw the chart, i looked everywhere for the causes of it. Couldn't find any!!
  •  Guest
  • | IP XX.XXX.117.14
Oanda has locked the EUR GBP and froze all trading. Cannot even get an accurate price.
Quoting Valerka
I said today stay out of GBP,XAU,JPY....SL all ower the world
Whys that?
Quoting natthapol.v
the moment i saw the chart, i looked everywhere for the causes of it. Couldn't find any!!
same here..

weird ..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
Sweet
Wow, that was sooo unexpected...
I checked the volume, and it seems that someone with fat money just thrown exactly 100 Lot order in there
I was dumb to be long GBP, smart and lucky to stop out at 1.25750. Whew!
Change monthly chart
Are the Zionist are manufacturing a "crisis" ?
Quoting natthapol.v
I checked the volume, and it seems that someone with fat money just thrown exactly 100 Lot order in there
100 lot orders??? Are you kidding me dude???


100 lots are like a drop in the ocean here

Also,FYI there is no central volume for FX.What you see is what your broker has in the level 1, maybe 2 books
This is just too unbelievable. I guess its end time....
I noticed sometime on the tick chart at 00:00 CET. http://puu.sh/rA8nd/32b2e08512.png

And tried to warn some fellows on skype:
[00:06:22] TheRealDeal: Will Crash
[00:17:23] TheRealDeal: 3tick chart
[00:17:36] TheRealDeal: See from 00:00 to 00:03 they did it
[00:29:01] TheRealDeal: So first 2 minutes 340 ticks. 3th minute 70 ticks, 4th 34 ticks. And then nothing until minute 9, few ticks until minutes 14.
  •  Guest
  • | IP XXX.XXX.132.238
how come and what happen?
Look at what just happened to this major currency.............

Just another example (and further evidence) that nothing is guaranteed in this game. And there is no such thing as "OB/OS".

Even if this thing recovers completely, you better believe that some people just
lost their ass on this move. And this is EXACTLY why you must always keep your positions (relatively) small.

Money Management
Money Management
Money Management

Best of luck to everyone!
It's the super shemittah....lol!!! Wonder how the world feels about this?
FXXX me what hell man !! loss around 800 Pips in three pair within 5 minutes :@
Quoting mrhigurashi
Whys that?
All these pairs are at lows/highs, fast moving, tomorrow are payroll day and USD uptrend seems strangely worrying....
My pound yen is still frozen. so is EUR/GBP.. all other pairs moving but these two are frozen.
Don't look down when learning to fly.
Getting Lot of traders to lose and got their stoplose, thats kinda of cheating tho even alot got wining
Let me fill my acount wallet then will take Ur advice
my only regret is that I had a 150pips take profit on gbpnzd, and gpbaud. I'm still tyring to figure out what the hell happened. Reuters, Bloomberg have nothing about this non sense
Quoting timos
900 pips but is moving
Maybe your broker issue
Yea must be....it's called crying momma.....another attempt to steal from the trader. If you're seeing a 900 pip drop than forex.com shut the system down on G/J. The forex mob at work again.
LOOK AT YOUR CHARTS!!!

This is the exact price (129.80) we had the last flash crash on GBPJPY on March 16, 2011. I remember that one like it was yesterday. Very strange it happens at the same exact price level!!!!
  •  Guest
  • | IP XXX.XXX.106.129
nothing like getting paid $1150. to step out for a smoke.
its like brexit all over again
If you're surprised by this kind of shit your'e a newb
I had a large short on GBP stopped out earlier this evening but I reopened a smaller one and got out with 300pip profit. Raging that my larger position was stopped by 1 pip earlier. Feel sorry for anyone long.
Quoting cugir321
Yea must be....it's called crying momma.....another attempt to steal from the trader. If you're seeing a 900 pip drop than forex.com shut the system down on G/J. The forex mob at work again.
I heard Oanda did the same with Eur/Gbp.
Expected move from market makers
Quoting cugir321
Did they just shut G/J down....dropped 220 pips in 5 seconds and stopped.....not moving at all. It's like it kicked a breaker.
It did. But if you were watching market through a ecn you'd notice price kept falling way lower.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  •  Guest
  • | IP XXX.XX.2.229
3 hours ago.

French President Francois Hollande said on Thursday the European Union needed to remain firm with Britain after it appeared that Prime Minister Theresa May had opted for a tougher exit from Europe.

"Britain wants to leave, but doesn't want to pay. That's not possible," Hollande said in a speech at the Jacques Delors Institute in Paris.
Quoting MoSilva
its like brexit all over again
see they dont need no reason to do it
No tree, it is said, can grow to heaven unless its roots reach down to hell
Quoting rex123
Are the Zionist are manufacturing a "crisis" ?
It's the rag heads this time.
Aliens in action haha
wtf man?
millipede stacker
Quoting Platanero
My pound yen is still frozen. so is EUR/GBP.. all other pairs moving but these two are frozen.
Who is your broker?
1 full contract GBP/USD 3 mini's on eur/GBP was - $18000
what the f**k is going on ? why this move happen? brexit this old news cause it , no way?
Quoting timos
Who is your broker?
Oanda
Don't look down when learning to fly.
GoOoOoOoOoOoOoOoD
its back..
Don't look down when learning to fly.
Quoting Platanero
Oanda
That says it all
someone must be get margin call
oops.. sorry wrong button..
  •  Guest
  • | IP XX.XXX.117.14
Oanda froze all GBP action for 9:07 p.m EST to 9:36 p.m.

Took a screen shot to show no trades during this period.

When trading resumed there had been a retracement of about 50%.

Those of us short the GBP had our account blatantly manipulated by the bucket shop.
  •  Guest
  • | IP XX.XX.59.109
Margin call for this lad. Smart attack
  •  Guest
  • | IP XXX.XXX.118.188
Trading has full of surprises,forex market is a worldwide activities there was probably a big transaction that sells the pound in the asian(probably australian market),nothing new, shit happens sometime in trading and we traders must be fully prepared to such eventualities.
  •  Guest
  • | IP XXX.XXX.109.102
wow. i was lookin for the setup for another pair untill i got back to the GU again and see this waterfall.
  •  Guest
  • | IP XX.XXX.114.111
I can believe no responsible body is yet to advice what may have happened. What type of nonsense is this?
low on my broker is 1.11234 on GBPUSD
ok i am broke happy ??????
think we might have seen the low for the month
No news no where yet, any one recommends any source ??
Once Non-Farm Payroll is done its going to be a massive pin bar on the daily !
  •  Guest
  • | IP XX.XXX.114.111
With no warning of an event that caused such type of move & for those that lost money could we start a petition

This is all nonsense...
Quoting Jaymantos
It did. But if you were watching market through a ecn you'd notice price kept falling way lower.
Yeah, 200 pips? Try about 1000 or more...
Wow, just decided to short this morning and boom. Looks like volatility is back! Gold - bang, GBP - Bang...
cant find any explanation for it... It emphasises the importance of Money Management.
spread was 1200 pips here
Quoting ForeverNewb
low on my broker is 1.11234 on GBPUSD
What broker u use?
  •  Guest
  • | IP XXX.XXX.87.100
whats the reason for this crashing???
Quoting Svenlim
What broker u use?
AdmiralMarkets
https://www.ft.com/content/5f84e4c4-8c17-11e6-8aa5-f79f5696c731
  •  Guest
  • | IP XX.XXX.117.14
post # 56 times were typed incorrectly should have been 19:07 to 19:36 EST.
entered long on pound... wrong idea?
I was short and couldnt close as broker froze online trading and didnt answer their phone. I had to watch as all my profit retraced. About 600pips . I feel bad but I really feel for any longs.
THis explains everything: http://www.reuters.com/article/us-britain-politics-idUSKCN1261ZO?il=0
Quant Trader - My Blog: quantstop.blogspot (dot) com
A BLACK SWAN EVENT.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Did J.P.Morgan default yet? It will be a wonderful day when those bastards lose it all.
Quoting Raihan.Rehab
entered long on pound... wrong idea?
I opened a long with a fairly tight gauranteed stop. Worth a punt
'Hollande demands tough Brexit negotiations' is the FT.com article
That's enough to move GBP during the most illiquid time of day!
Quoting onlytrading
I was short and couldnt close as broker froze online trading and didnt answer their phone. I had to watch as all my profit retraced. About 600pips . I feel bad but I really feel for any longs.
Onda??

Now you know it's time to change your buck shop and look for a decent broker
Quoting onlytrading
I opened a long with a fairly tight gauranteed stop. Worth a punt
any target?
Quoting timos
Onda??

Now you know it's time to change your buck shop and look for a decent broker
any suggestions??
Don't look down when learning to fly.
this will weaken EUR
Quoting Platanero
any suggestions??
10k and above LMAX
Below that maybe Darwinex...
Try to stay with a FCA & STP regulated broker
from the Monday I was chasing the pound for this moment.i had 2 positions,buy&sell...
finally my b position closed at 1.2580 and I closed my sell position at 1.2270

I was chasing it for a scalp.honesty I didn`t expect more than a hundred pips.
I tried hard to convince my clients to not to buy from the last week but they didn`t care...
I told them if the market sees the 1.2800 this time,you are witness a free fall.
I'm so sad now because they manipulate the prices and too many people lost their capitals without a reason.

this is not my first time that I'm seeing such a moves from the last decade and won`t be the last.
the reason of this freefall is only manipulation.i`m sad even that i had a sell position from the last week.
it`s not a fair game...for god`s sake do not trade
Cable, its an AB=CD pattern of the Brexit move to the downside. Same also for GBPEUR, GBPCHF and GBPCAD. GPBJPY it's a potential Cypher pattern setup!
Don't wait for the wind, take to the oars.
Perfect!!!No manipulation at all
So many people asleep now will wake up and find out they have been wiped out by this. Feel sorry for them, but I can see this going to near parity in the near future. Whatever happens in the world, the $$$ will always be/stay the safe haven and the reserve currency.
what do you all think... Should long pound now?
Quoting Guest
Trading has full of surprises,forex market is a worldwide activities there was probably a big transaction that sells the pound in the asian(probably australian market),nothing new, shit happens sometime in trading and we traders must be fully prepared to such eventualities.
You actually think this is a surprise to the guys running the world?
Quoting aroxalot
THis explains everything: http://www.reuters.com/article/us-br...KCN1261ZO?il=0
No thats old news.
"Where you want to be is always in control, never wishing, always trading.
Quoting Raihan.Rehab
what do you all think... Should long pound now?
What about letting the gun cool down first
MY SITTING, NEVER MY THINKING!
what the fuck !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Quoting Raihan.Rehab
what do you all think... Should long pound now?
All should think now about staying away for a while ...
Quoting ScorpFX
Look at what just happened to this major currency.............

Just another example (and further evidence) that nothing is guaranteed in this game. And there is no such thing as "OB/OS".

Even if this thing recovers completely, you better believe that some people just
lost their ass on this move. And this is EXACTLY why you must always keep your positions (relatively) small.

Money Management
Money Management
Money Management

Best of luck to everyone!
MM is king
20 Pips a day keeps centerlink away
all of we better leave pound pairs. i think we will be fine
Feel for people who lost money, nature of the game
  •  Guest
  • | IP XXX.XXX.141.211
BACK TO THE 80s BACK TO THE FUTURE
  •  Guest
  • | IP X.X.115.123
wow.. what a move.. 880 spread.. it crazy, man.. congrats shorties!
Quoting Spec_And
No thats old news.
????
The article was published on Thu Oct 6, 2016 | 7:39pm EDT
Quant Trader - My Blog: quantstop.blogspot (dot) com
  •  Guest
  • | IP XX.X.218.203
I thought this may have had to do something with the hurricane in florida when I was staring at GU pair, but then I realized it Sterling after comparing and contrasting a few different pairs.

Lets wait and see how this one plays out at 8am London time. Should be interesting, i guess we are always learning something new when it comes to the forex!!!

Sunny
Everyone, look at the timestamp... The event was triggered right at the start of Asian session. Panic orders came through right out of the gate.

Probably a big macro currency hedge fund blew up.
"Don't fear a bubble until it starts to burst."
gbp/usd took 15k $ in some minutes how can leave it????
It's celucas! Unpredictable!
My account is safe for my yestardys profit.
Reminds me of that story I just heard on Magnificent Seven of a man falling out of a 5 story building. As he fell down each floor the people could hear him say - "So Good So Far"!!!!
  •  Guest
  • | IP XX.XX.116.180
I was long with 0.20p per point, was worried about losing 240 quid at one point. then retrace and I was out !!! those guaranteed stops are expensive now !!!!
to move the pound by 5%+ you need at least 150billion+ because British gdp is approx. 3 trillion. please correct me if i'm wrong
Sweet!! Gbp!
Search MyFxBook Olimpia
Anyone remember when the USD/JPY used to do moves like this. I remember one night when I first started trading forex and I was watching a the USD/JPY chart and that happened. It scared me so bad that I almost stopped trading for good. It can blow an account in seconds and you are all alone. No banks or high ups looking to help you get back in. Sad to see this happen.

I also remember not to long ago when a trader had a major short going on and the stock took off and he owed the brokerage over 100k. He started a go fund me page and to be honest I didn't mean to laugh but you couldn't help it. You think man you gotta look at what you feel comfortable trading. We have all leveraged to high from one time to another and if you keep doing it sooner or later it is going to catch you and then it's too late! Have a good one you all!!!
  •  Guest
  • | IP XX.X.218.203
Just check Bloomberg news, Sterling crash was due to an an Algorithm problem, I have to say that something does not add up here!!

Sunny
  •  almo
  • Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1 Comment
such B.S.....no wonder the little guy can never get ahead.
  •  Guest
  • | IP XX.XX.108.134
wtf is goin on here?
Quoting Raihan.Rehab
what do you all think... Should long pound now?
Ha ha ha ha ha ha ha ha ha ha ha ha ha ha
after reading here guess what the writing was on cards , and shows me how people cant read a chart big drops then side ways down then bang it did it again it was in a down trend go look at day chart
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
black friday LOL
Quoting chlyon
1 full contract GBP/USD 3 mini's on eur/GBP was - $18000

Great I am pleased for you
Most looking at indicators must know that its the charts stupid!

Only the Chart alone will give clues to whats happening and possible next direction.
This was the predicted price on the GJ daily as given by an ABC triangle.

A ( Apex)was on the 9th Sept
B (Bottom)was on the 27th Sept
C (Convergence of AB)

Target price is the vertical distance of AB from the breakout point of the BC line.

Though it hit the target to the pip the surprise was the speed of execution. This suggest someone hit the button too fast and we may go back down to this level in a more orderly fashion.

I would not be considering longs for some time yet.
is this legal move or they are just playing (how come spread became 1200 pips ) and then when they finish what they did the GBP drop just 300 points not more
How wil this affect uk100/ftse tomorrow?
Broker have double standard in slippage. I sell GJ at 131 and FXCM filled my TP order exactly at 130,no slippage at all. But others..have a lot negative slippage in their SL order...
I wonder which brokers will go under this time? FXCM again? Interactive?
The Forex business is cut throat stuff...FXCM and others are more lenient
  •  Guest
  • | IP XX.XX.120.224
Quoting Razorman
I wonder which brokers will go under this time? FXCM again? Interactive?
IB doesn't let clients do leveraged FX anymore without 10mm in assets
Quoting Nala66
This was the predicted price on the GJ daily as given by an ABC triangle.

A ( Apex)was on the 9th Sept
B (Bottom)was on the 27th Sept
C (Convergence of AB)

Target price is the vertical distance of AB from the breakout point of the BC line.

Though it hit the target to the pip the surprise was the speed of execution. This suggest someone hit the button too fast and we may go back down to this level in a more orderly fashion.

I would not be considering longs for some time yet.
Correct GBP has been firmly in short pattern since the start of the year with no indication of moving north any nothern move is just pull backs
Quoting psychop13
Broker have double standard in slippage. I sell GJ at 131 and FXCM filled my TP order exactly at 130,no slippage at all. But others..have a lot negative slippage in their SL order...
Because it's market maker. Bucket shop
They have to execute - they are counter party, not free market.

Sorry for the brave people who bought this.... Can't say i didn't offer warning for weeks.
Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
what the heck??? now the pound is like CHF.....can't trade that now....
Quoting ScorpFX
Look at what just happened to this major currency.............

Just another example (and further evidence) that nothing is guaranteed in this game. And there is no such thing as "OB/OS".

Even if this thing recovers completely, you better believe that some people just
lost their ass on this move. And this is EXACTLY why you must always keep your positions (relatively) small.

Money Management
Money Management
Money Management

Best of luck to everyone!
Exactly right

Also help to have reliable stable broker too.

I have been out the market afterall its NFP time so its crazy time! Also its consolidation time anyway!
Quoting Almo2312
whats the reason for this crashing???
BIG FINGER 4 SURE....
On the GJ daily we have not had a single Higher High since August 2015 but there remains plenty of trading opportunities and they will continue.
Quoting Not-KPMG
Because it's market maker. Bucket shop
They have to execute - they are counter party, not free market.

Sorry for the brave people who bought this.... Can't say i didn't offer warning for weeks.
That doesn't make them a bucket shop

If you check G/J weekly charts you will see that there are recent demand/resistance levels from 2012 http://prnt.sc/cqrvb3 compared to gbp usd which hit 3 decades low
Quoting Valerka
I said today stay out of GBP,XAU,JPY....SL all ower the world
I Agree you guess it ))) BRAVO))
you know why this happen??...for me it's simple...

if you see in few days back then there is strong sellers.
and they just wanna see if there is enough buyers to take the other side of their trade.

but there is not enough conviction in buyers belief so they 're all out of their trade. when it's weak. the sellers attack them with huge volume. it's always happen in all pair all time frame, and all times.

so there is nothing to be surprised.....
“It looks like it was a algorithm-driven flash crash triggered by a Financial Times article based on French President Hollande’s speech on Brexit,” said Angus Nicholson, a markets analyst in Melbourne at IG Ltd. “Given low volumes in the Asian session, it would have forced other algorithms to join in and magnify the fall.”

only this makes sense if you understand how algos trade the markets.
short on all GBP pairs at the same time, those were news algos.
I pull 10% gain from there.. what a lucky day
Holy grail, pls pm
a lot of banks closed their long position from my source for shorting gbp. I will suggest not to short at this point thought before they re-enter.
If they re-enter you may see another "not to short" point.
Quoting maul1809
you know why this happen??...for me it's simple...

if you see in few days back then there is strong sellers.
and they just wanna see if there is enough buyers to take the other side of their trade.

but there is not enough conviction in buyers belief so they 're all out of their trade. when it's weak. the sellers attack them with huge volume. it's always happen in all pair all time frame, and all times.

so there is nothing to be surprised.....
The actual volume on this sell off is quite small and its the reason why it crashed. All it takes it one big trade on low volume/liquidity to sink it. Could of been 500 million $ trade just to cleanup. In and out.

All the retail traders complaining about manipulation here just think not only retailers lost this morning but also banks, brokers fund managers lost millions some maybe even lost their entire pot. There will be novice bank traders lost their job today believe me.
20 Pips a day keeps centerlink away
Quoting Not-KPMG
Because it's market maker. Bucket shop
They have to execute - they are counter party, not free market.

Sorry for the brave people who bought this.... Can't say i didn't offer warning for weeks.
Hello Dude you was correct 100% . It was a knife falling down my position long @ 1.2790 today by intuition i hedge short @ 1.2605 now i am confuse about trend decision to take off my hedge . Any advice ? Idea ?
Quoting Ghassforex
Hello Dude you was correct 100% . It was a knife falling down my position long @ 1.2790 today by intuition i hedge short @ 1.2605 now i am confuse about trend decision to take off my hedge . Any advice ? Idea ?
Im in the same situation I was long at 1.28000 (post brexit support) now waiting for a pull back to 1.26 then cut my loss.

Buyers will be staying out now and the liquidity will be very thin. UK data has been coming out green but traders very concerned with brexit.

Right now the pound is a bottomless pit and until we see a bullish daily or weekly candle I now believe there is no upside potential for the pound.
20 Pips a day keeps centerlink away
Low liquidity + maybe some fat finger covering position + HFT algos = Black swan

The only protection from it is conservative risk management (being able to sustain 1000 or more pips spike) and not scalping at low liquidity times when high leverage can blow your account.
Quoting Valerka
I said today stay out of GBP,XAU,JPY....SL all ower the world
Hello Dude you was correct 100% . It was a knife falling down my position long @ 1.2790 today by intuition i hedge short @ 1.2605 now i am confuse about trend decision to take off my hedge . Any advice ? Idea ?
Black Fucxxxx Friday
Sorry Folks, he meant to drive the pair down 70 pips, however, there was a typo in his sell order, which is one extra zero in front of decimal place and turn out to be 700 pips. The fela is in a deep shit now.
We apologize for any inconvenience you've experienced. Happy trading!
Quoting livetotrade
Anyone remember when the USD/JPY used to do moves like this. I remember one night when I first started trading forex and I was watching a the USD/JPY chart and that happened. It scared me so bad that I almost stopped trading for good. It can blow an account in seconds and you are all alone. No banks or high ups looking to help you get back in. Sad to see this happen.

I also remember not to long ago when a trader had a major short going on and the stock took off and he owed the brokerage over 100k. He started a go fund me page and to be honest...
yes but that was in the asia which means under BOJ eyes but GBP doing this when BOE zzzzzZZZZZzzzzzz
It's much easier.... Gann angles are not working in vain... http://prntscr.com/cqs30p
Stood in my shorts 1,2980 closed for take on 1,1800 and I had to move on at 1.1500 (but I thought it was fake)..
Good luck to all and will be back in the morning to wear shorts, I will come after Asians Europe and England... here the goats of the place not to be missed...
Money never sleeps
Half my trades hit sl and half hit TP. Fortunately I trade diversified portfolio with a 2.5:1 reward to risk ratio, so did ok. Reduced risk (a lot) now. No new trades in this session. Waiting for fat fingered Asian traders to get off work.
Quoting timos
Big fat miscalculations?!?

Obvious stop hunt & large order filling for a move in the opposite side???
LOL stop hunt lol jeezzzz
Up to about an 1hr ago you could trade the 1 min......it was moving 50 pips a leg. Shoot most candles were 15 to 20 pips two hours ago. Some were 30. It's been a while since I've seen movement like that on the 1 min.
Bonjour French President he collapsed GBPXX crazily with his comment will punish UK on brexit

pound crash broker widened spreads to 600-700pip and froze terminal made decent pips i couldn't get the move to 1.20 tradable
Scoobi doobi doo
Quoting cugir321
Up to about an 1hr ago you could trade the 1 min......it was moving 50 pips a leg. Shoot most candles were 15 to 20 pips two hours ago. Some were 30. It's been a while since I've seen movement like that on the 1 min.
u would be joking
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
Quoting Aussi
u would be joking
You must not have looked at it. That was the best 1 min chart I've seen in months after it settled down. The indicators kept putting out batman formations.....the legs were 50 pips up...50 down....
Quoting mrhigurashi
fantastic move... i just went to the bath room and boom! Its obviously something not right hear, its shooting back up again. someone playing games.... Even if you had a sell order on that, im sure from reading other post most people seemed to have a bullish outlook on the pound so im sure lots of unhappy people when they wake up today.
And also lots of happy people, loool
I was on SEll GJ without any TP. So yo can imagine how happy i was, when i closed my Sell ....
WINNERS NEVER QUIT AND QUITTERS NEVER WIN
  •  Guest
  • | IP XXX.XXX.80.18
damn, im broke
this is crazy, 5% move without any news ????
Random_Impatient_Trades
At least we know now there's no any stop loss down to 1.16.
it was only a price manipulation and nothing more !
With this last move; now the retail herd and every trader joe and his cousin are "aware" that the pound is in a down trend and this was a good opportunity to get in. "follow the trend, i.e sell low, buy high". In their view, and the media's and their "trading advisor' (guru, system etc ..) The advice and signals are SELL, SELL, SELL.
When your taxi driver tells you that "the pound is crashing" then it's time to BUY, BUY, BUY.
Quoting Mingary
With this last move; now the retail herd and every trader joe and his cousin are "aware" that the pound is in a down trend and this was a good opportunity to get in. "follow the trend, i.e sell low, buy high". In their view, and the media's and their "trading advisor' (guru, system etc ..) The advice and signals are SELL, SELL, SELL.
When your taxi driver tells you that "the pound is crashing" then it's time to BUY, BUY, BUY.

ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
  •  Guest
  • | IP XX.XX.92.143
I had long positions on GBP/EUR and GBP/USD with reasonable stop losses in place.
I went to bed happy and have woken up shocked and angry to find my account has been wiped out. The trades were closed MASSIVELY BELOW the stop loss figures that I placed.
Whatever happened to the Computer Automated System ???
ETX even closed my stocks trades over one hour later(despite the Stock Market in London being closed) to cover the EXTENSIVE losses on my Forex trades.
This has completely WIPED ME OUT, This puts an end to my Forex Trading !!!!!!! and ETX
Quoting Valerka
I said today stay out of GBP,XAU,JPY....
Why?
This was a calculated response from the global elite (Bilderberg) for the brexit vote.This is just the begining. They are showing what can happen if a country refuses the globalization agenda.
Its like in Zoo here: someone hit the cage, all monkeys start to debate, shout, yell I dont mind to pay a ticket for that!
"What would you attempt to do, if you knew your success was a certainty?"
Quoting allex82
This was a calculated response from the global elite (Bilderberg) for the brexit vote.This is just the begining. They are showing what can happen if a country refuses the globalization agenda.
Sorry, but we are not responsible for this one.
Quoting MikeDNC
Why?
178594566 2016.10.07 05:46:25 buy 1.00 gbpusd 1.24424 0.00000 1.25532 2016.10.07 08:27:57 1.24642 0.00 0.00 0.00 $218.00

because they dont want people to make money lol
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
What we have to analyze here is the volume.
Very low volume on the crash and very high volume on the recovery.
http://www.forextradingforprofit.com.au/economic-analysis/pound-crashes-brexit
This could be the flip side for the pound and quite possible we wont see new lows for a very long time.
20 Pips a day keeps centerlink away
Quoting PaulDaemon
What we have to analyze here is the volume.
Very low volume on the crash and very high volume on the recovery.
http://www.forextradingforprofit.com...crashes-brexit
This could be the flip side for the pound and quite possible we wont see new lows for a very long time.
volume in FX is a sum of price change, not the amount of currency, so your "high volume" on recovery is just a product of counter orders being sent to offset the crash
  •  Guest
  • | IP XX.X.155.99
Soros in the house
The BBC have a good article about the crash this morning

http://www.bbc.co.uk/news/business-37582150
Someone will go to jail for that for sure.
  •  Guest
  • | IP XXX.XXX.80.79
So the GBP is dead - nobody wants to buy it anymore.
  •  Guest
  • | IP XX.XXX.199.67
Reached in some brokers platforms to 1.1460!!

I believe many brokers used the opportunity to hunt their clients sl and quick margin calls!!
Jesus Christ ! that was an ugly one, many traders gone broke tonight folks.
i'm glad to never hold overnight positions.
i lose money for a living
Quoting allex82
This was a calculated response from the global elite (Bilderberg) for the brexit vote.This is just the begining. They are showing what can happen if a country refuses the globalization agenda.
someone forgot his tinfoil hat and his pills today
i lose money for a living
Quoting Ghassforex
Hello Dude you was correct 100% . It was a knife falling down my position long @ 1.2790 today by intuition i hedge short @ 1.2605 now i am confuse about trend decision to take off my hedge . Any advice ? Idea ?
Yes
Stay out for a week. Wait for double bottom. May buy, but I'd wait and sell after next retrace up.


Quoting Manudatinh
Sorry Folks, he meant to drive the pair down 70 pips, however, there was a typo in his sell order, which is one extra zero in front of decimal place and turn out to be 700 pips. The fela is in a deep shit now.
We apologize for any inconvenience you've experienced. Happy trading!
I was thinking about the same. jokes ofcourse but a little bit truthful.
Stay safe
Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
Quoting Guest
.... French President Francois Hollande said on Thursday ..... "Britain wants to leave, but doesn't want to pay. That's not possible," Hollande said in a speech at the Jacques Delors Institute in Paris.
Sounding more and more like the Mafia
Carbon-Dioxide: the gas of life!
Since nobody mentioned it, this is great for exports !!! LOL
im done with this scam.
Another Swiss black swan swimming UK waters
Quoting MikeDNC
Why?
Quoting Guest
I had long positions on GBP/EUR and GBP/USD with reasonable stop losses in place.
I went to bed happy and have woken up shocked and angry to find my account has been wiped out. The trades were closed MASSIVELY BELOW the stop loss figures that I placed.
Whatever happened to the Computer Automated System ???
ETX even closed my stocks trades over one hour later(despite the Stock Market in London being closed) to cover the EXTENSIVE losses on my Forex trades.
This has completely WIPED ME OUT, This puts an end to my Forex Trading !!!!!!! and ETX...
You not only one LOL
Quoting skymania
im done with this scam.
why do you call it a scam ?
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
Quoting Aussi
why do you call it a scam ?
because i had 2 positions opened on gbpjpy, 1 long and 1 short, and they should survive this. BUT, my broker for unknown reason closed my short postion at price 127.80(i had no SL set), so the long one made margin call on my account a couple of 100 pips lower. If they closed they should closed both at the same price or none at all ffs. Thats why I call it a scam...
still waiting for an answer from a broker...
The BBC are saying:

"The pound has dived on Asian markets with automated trading being blamed for the volatility."

http://www.bbc.co.uk/news/business-37582150

Seems like someone or something dumped a load of GBP

Wouldn't surprise me this was deliberate manipulation
  •  Guest
  • | IP XXX.XXX.71.66
Quoting Almo2312
whats the reason for this crashing???
George Soros opened a short position!
  •  Guest
  • | IP XX.XXX.161.108
Skymania, I see why you are angry, you are simply hedging a trade and you should get on these people and get them to refund the money you lost after the cut your trade
Quoting verv
The BBC are saying:

"The pound has dived on Asian markets with automated trading being blamed for the volatility."

http://www.bbc.co.uk/news/business-37582150

Seems like someone or something dumped a load of GBP

Wouldn't surprise me this was deliberate manipulation
Ofcourse it was. It always is.
Quoting skymania
because i had 2 positions opened on gbpjpy, 1 long and 1 short, and they should survive this. BUT, my broker for unknown reason closed my short postion at price 127.80(i had no SL set), so the long one made margin call on my account a couple of 100 pips lower. If they closed they should closed both at the same price or none at all ffs. Thats why I call it a scam...
What was the spread when that spike happened ?
This CLUSTER-FKUC has been brought to you by BREXIT.
Starring Boris/Gove/Farage and a cast of 15,188,406.

But dont worry if youre a fat cat thats got Stocks and Shares..you are laughing. As Soros said.. The only winners will be the speculators. Everyone else will be poorer.
Whoops, market manipulation gone wrong.
Quoting cliffedwards
This CLUSTER-FKUC has been brought to you by BREXIT.
Starring Boris/Gove/Farage and a cast of 15,188,406.
Hello Dude you was correct 100% . It was a knife falling down my position long @ 1.2790 today by intuition i hedge short @ 1.2605 now i am confuse about trend decision to take off my hedge . Any advice ? Idea ?
  •  Guest
  • | IP XX.XXX.148.54
Trend is your friend indeed!
Quoting Guest
George Soros opened a short position!
Now that is the most likely cause...
Carbon-Dioxide: the gas of life!
Quoting cliffedwards
This CLUSTER-FKUC has been brought to you by BREXIT.
Starring Boris/Gove/Farage and a cast of 15,188,406.
Yes sir indeed, probably one of the most well planned financial schemes in our times !!!
Quoting Ghassforex
Hello Dude you was correct 100% . It was a knife falling down my position long @ 1.2790 today by intuition i hedge short @ 1.2605 now i am confuse about trend decision to take off my hedge . Any advice ? Idea ?
I am TRULY sorry that you got stung. And that so many other here have also.
Its a fundamental structural move.Yes there will be pull backs and rallies but the markets are just reflecting the global lost of confidence in the UK economy outside the EU.

Unfortunately once an impulse brings prices into areas where there is no S&R things like round numbers tend to be the only guides. Brokers run stops, and liquidity just disappears. My advice? Just stand back or trade 1:1or 1:2 leverage ONLY. Be VERY careful about your revenge trade impulse.
Quoting Exodus
Now that is the most likely cause...
I think Soros "mentioned" his view on brexit some time ago.
http://finance.yahoo.com/news/george-soros-brexit-only-winners-124919723.html
Why are people here surprised that they were wiped out when they run 100:1 leverage? A 20:1 leverage account would have been wiped out last night.
Agree with the above poster, just scale back your leverage guys.
Now you can see the GBPUSD support of 1.19. I will not buy until it reaches this low.
How many economists/analysts do you need to change a Light Bulb?
NONE.. if it needs changing the Market will already have changed it.

Its just been changed.
Quoting cliffedwards
I am TRULY sorry that you got stung. And that so many other here have also.
Its a fundamental structural move.Yes there will be pull backs and rallies but the markets are just reflecting the global lost of confidence in the UK economy outside the EU.

Unfortunately once an impulse brings prices into areas where there is no S&R things like round numbers tend to be the only guides. Brokers run stops, and liquidity just disappears. My advice? Just stand back or trade 1:1or 1:2 leverage ONLY. Be VERY careful about your revenge trade impulse.
10XXX
Quoting Not-KPMG
Yes
Stay out for a week. Wait for double bottom. May buy, but I'd wait and sell after next retrace up.



I was thinking about the same. jokes ofcourse but a little bit truthful.
Stay safe
10XXX
Quoting Guest
nothing like getting paid $1150. to step out for a smoke.
yep. ;-)
stultus ego comparor veritas.
Quoting Paraipan
Yes sir indeed, probably one of the most well planned financial schemes in our times !!!
WELL PLANNED?

Oh its ALL a giant global Conspiracy? NOT!

NO. Its a really BAD decision made by "the People" who were CONNED by the lies and scam claims by a bunch of SCOUNDRELS like Farage Johnson and Gove.
This isn't trading, it's market manipulation. Lost 12.5k last night. Last time that happened to me was in August 2011, when the Swiss pegged itself to the Euro, and the Governer of Swiss Bank's bitch of a wife made over 80K with insider trading. He ended up having to resign.
Another nail in the US retail FX coffin. Enjoy it while it last.
SPC * Swollen PocketZ Crew!
Quoting cliffedwards
WELL PLANNED?

Oh its ALL a giant global Conspiracy? NOT!

NO. Its a really BAD decision made by "the People" who were CONNED by the lies and scam claims by a bunch of SCOUNDRELS like Farage Johnson and Gove.
Big boys did hundred of millions in one day, Farage resigns after spitting all that crap for ages saying that his "mission was complete"... you can call it conspiracy or whatever you want its all about the dough in the end...
Quoting Paraipan
Big boys did hundred of millions in one day, Farage resigns after spitting all that crap for ages saying that his "mission was complete"... you can call it conspiracy or whatever you want its all about the dough in the end...
100%
Good analogy BTW.."Mission Complete" LoL
BREXITs in the same box.

And we can see in Iraq Syria and across the Middle East what a wonderful success "Mission Complete" has been?
20 Hours ago ... in http://www.forexfactory.com/news.php?do=news&id=609938#

Quoting lcast
When the big shark is hunting...

What do you do ???

You try to feel the bottom ... or you GET OUT OF THE WATER !!!

PS: There is no bottom for now ...
...

The analisys was there ... nobody listen ... the usual ...
Don't swim with the sharks ...
  •  Guest
  • | IP XXX.XXX.241.249
and took my hard fought CASH US $ 25K with it...what a day!
And today ... after the carnage

I still hear ... buy sell ... buy sell

There are SHARKS in the water ... but you all love to swim in Shark infested waters

... and 95% will be eaten alive ...
Don't swim with the sharks ...
Retail forex is the easiest market to manipulate.
(very very small and lots and lots of ignorant players)
Quoting Mingary
Retail forex is the easiest market to manipulate.
(very very small and lots and lots of ignorant players)
And dont forget, no regulation at all
Quoting Evestinforex
Hidden
really?
what your robot did during that flash crash?
Quoting Evestinforex
Hidden
You believe stops were executed/respected during this chaos?
Quoting Anusragger
You believe stops were executed/respected during this chaos?
...depends which broker you use. A decent broker would have filled with some slippage. However if there really were no buyers (see headline article) the slippage might have been large.
Carbon-Dioxide: the gas of life!
Quoting Exodus
...depends which broker you use. A decent broker would have filled with some slippage. However if there really were no buyers (see headline article) the slippage might have been large.
Sure slippage up to 100 pips, but at least you don't wake up to empty account as some have done this morning.
I remember I was in the CHF on the wrong side on 15. Jan 2015 and got just 40 pips slippage. I was very happy to say the least.
Yesterday cable was at 1.26 today is at 1.245. What is the big deal about it?
Price can both ways. If you don't understand that quit forex.
IMHO.. The reason for 90% of broker disputes when liquidity goes void, is spread widening which is for many is a little understood mechanism used by brokers to protect their books.
The mechanism is commercially reasonable but causes problems when used by unscrupulous brokers to profit at expense of customers rather than simply guard their own book exposure. or because of similar behaviour up channel by their counterparties/liquidity providers.
Since these sort of events typically happen a lightning speed, their Book management software and that of their counterparties cause the damage.
Hopefully BOE will confirm the cause of the spike otherwise it makes no sense to trade £. I suppose in the mean time, the BOE could be the only ones going long on the £.

From another angle, it amazing when one looks at the ftse 100 and Ftse 250 and both seems to be flourishing like all is well with the UK with the level of uncertainty around HARD Brexit.

I can understand some have footings outside of the UK which of cause, the devaluation of the British pound should be positive from a long term perspective, it amazing to think that some investors are still investing in UK companies (i suppose this is the main reason for both indices in the bull territory) because with the level of chaos so far...it makes no sense to my simple mind.
Quoting Ghassforex
Hello Dude you was correct 100% . It was a knife falling down my position long @ 1.2790 today by intuition i hedge short @ 1.2605 now i am confuse about trend decision to take off my hedge . Any advice ? Idea ?
Just need a good Chart dude here is one https://www.tradingview.com

also GBP will keep going down until end of November....(Annual Probability Trend)

It should therefore range up in December before back down in January.

May is the next significant up trend movement!
Quoting Guest
nothing like getting paid $1150. to step out for a smoke.
See, smoking aint so bad for ya..
Please is there anyones can tell me: what is reason for this drop is ?
Quoting ptcuk
The BBC have a good article about the crash this morning

http://www.bbc.co.uk/news/business-37582150
"Analysts at HSBC are forecasting that the pound could fall to $1.10 and could be worth just one euro by the end of next year."
Same idiots predicting Euro parity with USD not so distant past.
It won't surprise me sharp up moves on pound pairs because of some special deal worked out or even rumor.If everyone is bear that's when opposite likely to happen.Sharp up thrust to 1.30? Yes possible
In trading, you have to be defensive and aggressive at the same time
Quoting skymania
because i had 2 positions opened on gbpjpy, 1 long and 1 short, and they should survive this. BUT, my broker for unknown reason closed my short postion at price 127.80(i had no SL set), so the long one made margin call on my account a couple of 100 pips lower. If they closed they should closed both at the same price or none at all ffs. Thats why I call it a scam...
What broker are you with?
20 Pips a day keeps centerlink away
  •  Guest
  • | IP XXX.XXX.56.202
I am working hard to make good trading for almost 1.5 month, grow my account pretty well, before the Friday crash, I have a position and did not set SL, but the account is 600 pips away from burn, I though it save enough, .....Did something else, than next 1 hour back to check the price...
cable drop 600 pips less than 30 minutes, the account was burned.....
WTF....
  •  Guest
  • | IP XXX.XXX.81.93
I was long GBPJPY but had put my SL at BE... Pepperstone honored the SL with 1.5 pips slippage, which considering the event itself, is not too bad at all.
If somebody is surprised by this, you probably have traded DEMO for too long
Quoting TheRealDeal
If somebody is surprised by this, you probably have traded DEMO for too long
Exactly, stop the blame game.

There was nothing unusual at all here just you guys and the media trying to grab headlines.
Quoting venividivici
Another Swiss black swan swimming UK waters

Top 2016 comment. Deep.
Invest in alarm clocks
  •  Guest
  • | IP XXX.XX.76.38
I was a novice and had not placed sl. My acct of 15k was wiped out with 8k -ve equity! My long gbp was closed out at 1.106. Can you believe it? Do I have any recourse fr my broker?
  •  Guest
  • | IP XXX.XXX.57.111
I really feel sorry for traders that were trapped in the murky water of Forex volatility and unpredictability. No thanks to Brexit and its attendant consequence.
Philip
Even cme halted for 10 second , stop whining """my broker froze""" shit !
Hey I might sell my civic to buy a house in Wales... keep dropping we'll see you might reach 0.
Invest in alarm clocks
Quoting Guest
I was a novice and had not placed sl. My acct of 15k was wiped out with 8k -ve equity! My long gbp was closed out at 1.106. Can you believe it? Do I have any recourse fr my broker?
"I was a novice and had not placed sl"

Says it all. Your broker did nothing wrong.
Quoting psychop13
Broker have double standard in slippage. I sell GJ at 131 and FXCM filled my TP order exactly at 130,no slippage at all. But others..have a lot negative slippage in their SL order...
They did honor my margin call on it. at one point i was in negative territory but they didn't close my trade until it filled the margin call order. only lost a bit over half my account but i am fully impressed by them
BULLISH ON LIFE
Quoting Mingary
Retail forex is the easiest market to manipulate.
(very very small and lots and lots of ignorant players)
The charts are the charts it dont matter if you are a central bank a fund manager large corporation or a retail trader. we all see the same thing.
Its all the same.
20 Pips a day keeps centerlink away
Quoting mrhigurashi
"I was a novice and had not placed sl"

Says it all. Your broker did nothing wrong.
No one wrong only a bit of care will make thing better
Quoting PaulDaemon
The charts are the charts it dont matter if you are a central bank a fund manager large corporation or a retail trader. we all see the same thing.
Its all the same.
yes the charts are the charts but the situation is very different for a retail trader and a broker , in this case even the people that have had short positions came out with loss because increase of spreads to 120 and even 600 pips ( i heard it in some posts) and also freezing platforms and requotes!
this flash was a two side winning game for brokers and heavy loss for traders.
.But all market was asking the same question "who did it" ?? the more important in my opinion to we know why that unknown Master Minder did it !!!!? the answer that GBP /USD short positions from brokers,,, traders... banks..was huge (BREXIT) and that Master Minder want to build long position with open road upward he did huge short following the trend to all take profit for short position become out from market then he enter aggressive long that why pound recover so fast . Very wise person maybe (Devil Mind). Congratulation ..
Its gone and a new week coming ,
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
I've been bearish on GBP/USD the few days even before this happened. I've made +176, +127 and +84. Guess I was lucky. I saw a news saying it's been a 31 year low for the GBP/USD. I can only wonder what is really happening here.
Patience and Discipline, these are the Holy Grail.
Quoting datdle
Please is there anyones can tell me: what is reason for this drop is ?
.But all market was asking the same question "who did it" ?? the more important in my opinion to we know why that unknown Master Minder did it !!!!? the answer that GBP /USD short positions from brokers,,, traders... banks..was huge (BREXIT) and that Master Minder want to build long position with open road upward he did huge short following the trend to all take profit for short position become out from market then he enter aggressive long that why pound recover so fast . Very wise person maybe (Devil Mind). Congratulation ..
Quoting datdle
Please is there anyones can tell me: what is reason for this drop is ?
The market will always move in the direction that causes the greatest financial damage to the greatest number of accounts.
Quoting Mingary
The market will always move in the direction that causes the greatest financial damage to the greatest number of accounts.
So everyone was LONG Cable? Bullish Cable?
Explain please?
Quoting cliffedwards
So everyone was LONG Cable? Bullish Cable?
Explain please?
It was crazy how many people were long on the pound. I warned people in some chats who longed it last week that it's technically and fundamentally in a serious downtrend and it's stupid to counter trend it but yeah...
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
Lets say gbp trades at 1.3. Then traders go to lunch. Joe comes back first after hearing that it's really worth 1.2, so he puts a bid in at 1.2. Then some news comes before other traders come and step in front and the market maker algos pull quotes.

Now Joe's 1.2 bid is the only bid visible. If your broker does risk management for you (uh oh!) without allowing you to add additional rules to their "mark to model" or "mark to market" logic and the last trade was at 1.3, it's possible the brokers algo thinks the mid point is now 1.3-1.2 = 1.25. If you now have a long with a stop at 1.29, because their algo sees no quotes and mid is 1.25, they exec this stop at 1.2. The short does not actually hedge anything because ask is assumed at 1.3 (last trade+spread), so to cover the short you get no profit, so the short is not able to cover the deficit from the long that's really only worth 1.2 now.

Alternative to using options is to not use margin account but take your leverage by eg. loaning money and use it on cash account.

This isn't all that much different from what happened to LTCM. They got leveraged due to lot of liquidity available. The bank market makers played along and then either real or manufactured crisis happened to allow the bank to exit the trade. LTCM made wrong assumptions on how the money printing business works and it caught up with them.
Quoting Mingary
The market will always move in the direction that causes the greatest financial damage to the greatest number of accounts.
Got to laugh at that one
20 Pips a day keeps centerlink away
Quoting michisuperfr
It was crazy how many people were long on the pound. I warned people in some chats who longed it last week that it's technically and fundamentally in a serious downtrend and it's stupid to counter trend it but yeah...
YES. Thats the reality I was trying to draw out...

MANY RETAIL TRADERS were Long Cable. R-E-T-A-I-L
Particulaly those sympathising with the Brexit cause, who are widely represented here.. And who have a very natural unconscious and understandable bias towards "Wanting" the currency to rally.
Make no mistake emotional predispositions play a major part in Retail Traders bias.
I struggle every day to Trade What I See.. And when I see markets becoming dangerously volatile, and capital flows being diven by political posturing , I stand back. No NOT because Im smart but because over a decade, Ive made that mistake twice before. And thats once too many .. LoL
Quoting michisuperfr
It was crazy how many people were long on the pound. I warned people in some chats who longed it last week that it's technically and fundamentally in a serious downtrend and it's stupid to counter trend it but yeah...
They was long for a logic reason (I am 1 of them) that after Brexit vote GBP/USD play horizontal margin high 1.3475 low 1.2960 ( around 3 months) pause waiting to affected article 50 And always after good UK datas pound bounce from low to high ( several times ) so before that crash down trend GBP was at low margin many enter long position .
Quoting Ghassforex
They was long for a logic reason (I am 1 of them) that after Brexit vote GBP/USD play horizontal margin high 1.3475 low 1.2960 ( around 3 months) pause waiting to affected article 50 And always after good UK datas pound bounce from low to high ( several times ) so before that crash down trend GBP was at low margin many enter long position .
1) I'm sorry that you got caught on that 2) Yeah I see...but damn, the break of 1.28 was in my humble opinion a very strong sign that this might get ugly.
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
Quoting michisuperfr
1) I'm sorry that you got caught on that 2) Yeah I see...but damn, the break of 1.28 was in my humble opinion a very strong sign that this might get ugly.
I agree my Dear ....1.28 was dangerous signal and like i feel it buy intuition and believe me that night before to go for by bed to sleep I make hedge short for all my long position.... now i am stuck and confuse what to do cause I must to be sure about the future trend up or down before to unblock my position ANY IDEA ? ANY ADVICE ? Regard .
Quoting Ghassforex
I agree my Dear ....1.28 was dangerous signal and like i feel it buy intuition and believe me that night before to go for by bed to sleep I make hedge short for all my long position.... now i am stuck and confuse what to do cause I must to be sure about the future trend up or down before to unblock my position ANY IDEA ? ANY ADVICE ? Regard .
I mean by intuition and for my bed ( typing mistake)
  •