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  • Seven minutes of chaos: The 'flash-crash' that rocked currency markets

    From smh.com.au

    Traders are still seeking to piece together what happened just before 9:30 a.m. in Sydney, when orders came to sell Australia's dollar and Turkey's lira against the yen. While some pointed to risk aversion triggered by Apple cutting its sales outlook, others said Japanese retail investors were behind the trades. Whatever the cause, the moves were exacerbated by algorithmic programs and thin liquidity with Japan on holiday. The results: the yen jumped almost 8 per cent against the Australian dollar to its strongest since 2009, and surged 10 per cent versus the Turkish lira. The Japanese currency rose at least 1 per ... (full story)

That's possible effect of huge speculation.

Any Huge Dog (CB, bank, private investor like Buffet pulls out some of Apple, or dirty corrupted government financial secret service, lol...) can take advantage on low liquidity periods of time.

Fat finger on low liquidity environment, go for it, baby!
...but doncha ever use those fkn "mental" stops, you little retail chaps !!
Member
Just 03 of january, and this article already going to be the biggest BS of the year.....
When Apple sales in China slows down - sell turkeys lira. And aussie as well..... And all this done by Japanese retail traders.
Well , it happens, let say, 3-4 times a year just to wash out the market from " unwise small or bigger fishes ", and those repetitive events seems to be well planned . To avoid them be careful and stay in the big trend ;-)
Best market for trading without stop loss. 😂
Fat finger on low liquidity environment, go for it, baby! ...but doncha ever use those fkn "mental" stops, you little retail chaps !!


And hope and pray your real stop gets honored by your beloved broker...and not after a 500 pip "gap"..
Quoting cuchuflito
Fat finger on low liquidity environment, go for it, baby! ...but doncha ever use those fkn "mental" stops, you little retail chaps !! And hope and pray your real stop gets honored by your beloved broker.
Right
...solution to that: set opposite Stop pending orders like grid at every 10 pips
...the beloved one gotta "honor" one of them at some point
...don't forget to set alarm as well, before you get filled a tone of opposite pendings and market reverses
Member
no such thing,its a move pure and simple

Quoting cuchuflito
Fat finger on low liquidity environment, go for it, baby! ...but doncha ever use those fkn "mental" stops, you little retail chaps !! And hope and pray your real stop gets honored by your beloved broker...and not after a 500 pip "gap"..
#doyourownanalysisordietryin
lol ,ok

Quoting johnnycash
Just 03 of january, and this article already going to be the biggest BS of the year..... When Apple sales in China slows down - sell turkeys lira. And aussie as well..... And all this done by Japanese retail traders.
#doyourownanalysisordietryin
like you know whos doing what-not that matters
keep thinking its like that
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#doyourownanalysisordietryin
Markets are so "F" rigged... lol
Hey buddy, let's grab some Pips!
Champ, listen, your mother and I have been talking and we think it's time you put yourself out there into the workforce. Everyone has to pull their own weight around here and if you're going to continue living under our roof then we feel you should be contributing. Plus, a job builds character and toughness and teaches the value of a hard, honest day's work.

Now I know you're disappointed your forex leveraged trading didn't work out. But you have to understand, that platform currency or whatever has no real value - nothing is backing it! At least now you can earn cold hard cash, backed by the full faith of the United States government. When I was your age I had to pay my own way through college. I saved up and bought my own car, my own apartment and then I met your mother and we moved out to the suburbs.

Now, this is all you have to do. Go up to the counter, ask for the manager, look him straight in the eye and give him a firm handshake and say "Sir, I would like to work here. I am ready to do whatever it takes to get the job done, and done well." It's that easy. Afterward, I'll treat you to lunch, maybe get you some of those tendies you're always raving on about.

How's that sound, champ? Go get 'em!
Taking care and setting stop-loss orders not enough? Possibly holidays of moving majors have to put higher up on checklist, because this smells more like currency manipulation than accident.
trading is war - life is simple
Everyone in the world knows end of Dec beginning of Jan is low liquidity. EVERYONE. Do you really think bankers don't get vacations for Christmas and New Years too? That's a false assumption. They do keep the desks manned, but with a skeleton crew....like most governments do. That's not to TRADE, its to manage RISK.

As already mentioned, it only takes one rather large trade to trigger momentum algos, nobody to take the other side, viola....a normal move gets exacerbated 3-5x. I can't say it enough....don't be the dummy trading end of year low liquidity environment.

SNB was high liquidity "black swan", so was 2008 crash (high liquidity, but buyers dried up), this was a low liquidity large trade exacerbated by algos and probably large stops.

Whatever the case...the end result is always the same DO NOT TRADE LOW LIQUIDITY (at least, not with your normal trade size).

RIP to those of you getting margined on the second day of 2019.
it dose not matter the move is not false
this started well before the first

Quoting Tradingwithw
Everyone in the world knows end of Dec beginning of Jan is low liquidity. EVERYONE. Do you really think bankers don't get vacations for Christmas and New Years too? That's a false assumption. They do keep the desks manned, but with a skeleton crew....like most governments do. That's not to TRADE, its to manage RISK. As already mentioned, it only takes one rather large trade to trigger momentum algos, nobody to take the other side, viola....a normal move gets exacerbated 3-5x. I can't say it enough....don't be the dummy trading end of year low liquidity...
#doyourownanalysisordietryin
this story is false
#doyourownanalysisordietryin
well before
Quoting Bones
very reliable outlook {image}
#doyourownanalysisordietryin
the more I read these, the more critical I become, especially the so-called expert outlooks
#doyourownanalysisordietryin
I think there are big speculation who are going short JPY and make the JPY crash at the moments dry liquidity timing
Especially the GBPAUD, create such huge run...it is creepy which remind me about the black swan case- CHF
Let Market Tell You
Quoting venividivici
Champ, listen, your mother and I have been talking and we think it's time you put yourself out there into the workforce. Everyone has to pull their own weight around here and if you're going to continue living under our roof then we feel you should be contributing. Plus, a job builds character and toughness and teaches the value of a hard, honest day's work. Now I know you're disappointed your forex leveraged trading didn't work out. But you have to understand, that platform currency or whatever has no real value - nothing is backing it! At least...
Oh and also... you should at least be thankful that when you were a kid you didn't have to walk to school... barefoot... in the snow... uphill... both ways!
Quoting Bones
it dose not matter the move is not false this started well before the first {quote}
You predicted a one hour 400 pip drop on UJ? Link please
I never posted this chart,
but i can go get higher tf on that
I don't know what it will do hour by hour that's a mug's game
it's going to move as DOW which has gone far more

Quoting Tradingwithw
{quote} You predicted a one hour 400 pip drop on UJ? Link please
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#doyourownanalysisordietryin
so it opened and fell
I don't follow the chart
#doyourownanalysisordietryin
why are you commercial whats the deal

Quoting Tradingwithw
{quote} You predicted a one hour 400 pip drop on UJ? Link please
#doyourownanalysisordietryin
people selling shit are selling something because?
I mean other retail people
#doyourownanalysisordietryin
I posted cable before the move by the way, with a clear vision
also DOW
with charts
#doyourownanalysisordietryin
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#doyourownanalysisordietryin
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#doyourownanalysisordietryin
Only the BIG BOYS can do this kind of move..since this is just a record breaking move in less then 7 minutes and now we also have a new term for it too.."Flash Crash".. All the speculation will fit in nicely into the story...whatever it may be and no one is going to come forward to say YES I did IT !!! and you guys will have to deal with it... 😜😜😜
Wander what would be next...
Quoting pipsit
Well , it happens, let say, 3-4 times a year just to wash out the market from " unwise small or bigger fishes ", and those repetitive events seems to be well planned . To avoid them be careful and stay in the big trend ;-)
Yeah, I was already short CAD/JPY. No complaints here.
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Quoting Bones
no such thing,its a move pure and simple {quote}
Well, it's not a "normal move", it's called "flash crash" for a reason, it took less than 2 minutes to crash.

Those kinds of moves aren't done in the "retail market", any of the brokers that you have access will not fill you in there, those moves are caused in black pools of futures markets or inside the interbank exchange, so or you are a bank/big fish or you going to get wiped like a hot knife in butter.
Nothing unusual about this drop, look at the eur/usd 4hr chart, the signs were all there, unfortunately I don't now how to post a chart here so I'm not able to take you through the moves, right up to the 15m chart and point where should have entered. I were still sleeping when this all happened!!
yea- you think retail has any effect at all ever?
retail don't make the real market, not that it matters
it's not normal but it is real
I've seen moves start in these times many times and go on for some time

Quoting Guest
{quote} Well, it's not a "normal move", it's called "flash crash" for a reason, it took less than 2 minutes to crash. Those kinds of moves aren't done in the "retail market", any of the brokers that you have access will not fill you in there, those moves are caused in black pools of futures markets or inside the interbank exchange, so or you are a bank/big fish or you going to get wiped like a hot knife in butter.
#doyourownanalysisordietryin
Quoting Tradingwithw
{quote} You predicted a one hour 400 pip drop on UJ? Link please

Quoting Fml
This last move was total manipulation. Buying was outstripping the sellers. HFT needed to fill orders
Quoting Fml
{quote} Yet the mkt was still pulling back

The ruse is up Knew they were up to something

Didn't foresee it being the beginning of the massive, quick and sloppy move

Could be they needed liquidity and at the same time cover massive short positions in profit

Dont believe the apple hype bs for reasoning

the move was deliberate
Can't be exact

If you know a thing or two about trading and have the means you can tell somethings up

No point you guys arguing
it started well before it was set up already
not out the blue low liquid only as people say
#doyourownanalysisordietryin
It doesn't matter, my Aussie friend he in Perth I'm in Cali both of us on skype we shorted around .7010. It's just another trade. Next .
Quoting Bones
{image}
If you're going to make it personal perhaps instead of comparing the pictures of our posted images and thread replies you should compare the images of our posted trade explorers. Oh wait- you don't have one.

We can disagree, its fine. You continue conspiracy theory posts and useless images, I'll continue making money and being transparent. Case closed- good luck out there bones the conspiracy theorist
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Quoting Tradingwithw
{quote} If you're going to make it personal perhaps instead of comparing the pictures of our posted images and thread replies you should compare the images of our posted trade explorers. Oh wait- you don't have one. We can disagree, its fine. You continue conspiracy theory posts and useless images, I'll continue making money and being transparent. Case closed- good luck out there bones the conspiracy theorist {image}
What conspiracy? Tradingwithw...?
https://nononsenseforex.com/uncategorized/flash-crash-2019/
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  • Posted: Jan 3, 2019 1:55am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 38  /  Views: 13,992