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What cause the big move 20min ago?

  • Post #1
  • Quote
  • First Post: Jan 22, 2008 3:52am Jan 22, 2008 3:52am
  •  jayzee
  • | Joined Jul 2006 | Status: Pips for Pizza | 112 Posts
Hi guys,

The only news i see is related to swiss and that piece of news did not do much to the market. It is only after 15min more and then we see some big..extreme big move. for gbp..

any ideas why?
  • Post #2
  • Quote
  • Jan 22, 2008 3:55am Jan 22, 2008 3:55am
  •  edward77
  • | Membership Revoked | Joined May 2006 | 92 Posts
Quoting jayzee
Disliked
Hi guys,

The only news i see is related to swiss and that piece of news did not do much to the market. It is only after 15min more and then we see some big..extreme big move. for gbp..

any ideas why?
Ignored
Maybe coz I bought 100 lots , thats why the market moved.
 
 
  • Post #3
  • Quote
  • Jan 22, 2008 3:56am Jan 22, 2008 3:56am
  •  zek132
  • | Joined Mar 2007 | Status: Forex Sceptic | 191 Posts
Rumors of a coordinated rate cut hit the market...
 
 
  • Post #4
  • Quote
  • Jan 22, 2008 3:57am Jan 22, 2008 3:57am
  •  magnumfreak
  • Joined Nov 2007 | Status: Trying manual mode again | 2,210 Posts
newsrelease on the BOJ speech highlights is my guess. It all started about the same time.
 
 
  • Post #5
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  • Jan 22, 2008 4:00am Jan 22, 2008 4:00am
  •  AmeriTrini
  • Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
Quoting edward77
Disliked
Maybe coz I bought 100 lots , thats why the market moved.
Ignored
and what makes you think that a measly 100 lots would even cause a dimple in the 4x?..............

you must be thinking of stocks.
 
 
  • Post #6
  • Quote
  • Jan 22, 2008 4:08am Jan 22, 2008 4:08am
  •  YasirYar
  • | Joined Aug 2006 | Status: Member | 366 Posts
thank god i had the stop loss on the short saved my bum.. but seriously what caused it.. any1 sure of the reason?
BECAUSE I CAN !
 
 
  • Post #7
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  • Jan 22, 2008 4:21am Jan 22, 2008 4:21am
  •  Razorman
  • | Commercial Member | Joined Apr 2007 | 794 Posts
That was nuts, i caught a small retracement so that was nice.
 
 
  • Post #8
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  • Jan 22, 2008 4:22am Jan 22, 2008 4:22am
  •  zek132
  • | Joined Mar 2007 | Status: Forex Sceptic | 191 Posts
Quoting YasirYar
Disliked
thank god i had the stop loss on the short saved my bum.. but seriously what caused it.. any1 sure of the reason?
Ignored
Rumors of a coordinated rate cut hit the market... <---
 
 
  • Post #9
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  • Jan 22, 2008 4:29am Jan 22, 2008 4:29am
  •  trader07
  • | Joined Jan 2007 | Status: Member | 338 Posts
CABLE: Russian demand for sterling-yen along with strong demand from

the Mid East area cited for cable`s strong recovery the rate posting

recovery highs at $1.9453 from early European lows of $1.9338. Offers

were reported in place to $1.9450 earlier with one trader suggesting

that rate needs to clear $1.9455/60 to trigger stops. Next band of

resistance noted between $1.9480/85 ahead of $1.9500/10.
 
 
  • Post #10
  • Quote
  • Jan 22, 2008 4:32am Jan 22, 2008 4:32am
  •  magnumfreak
  • Joined Nov 2007 | Status: Trying manual mode again | 2,210 Posts
should be interesting when the U.S. markets open. Dow, Nasdaq and S&P futures are way way down, couple that with some panic selling and it will probably wipsaw like crazy.
 
 
  • Post #11
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  • Jan 22, 2008 4:39am Jan 22, 2008 4:39am
  •  bksujal
  • | Joined Jun 2007 | Status: candlestick trader | 991 Posts
my dubai and indian stock market are screwed. But thankgod i am in forex as well.
 
 
  • Post #12
  • Quote
  • Jan 22, 2008 4:47am Jan 22, 2008 4:47am
  •  bookfixer
  • | Joined Jun 2006 | Status: Member | 20 Posts
Also rumors that the investor in CitiBank will pull out and let Citi file for bankruptcy protection... lots of rumors flying this morning.
 
 
  • Post #13
  • Quote
  • Jan 22, 2008 5:10am Jan 22, 2008 5:10am
  •  maniaci
  • | Joined Dec 2007 | Status: Member | 1 Post
Quoting jayzee
Disliked
Hi guys,

The only news i see is related to swiss and that piece of news did not do much to the market. It is only after 15min more and then we see some big..extreme big move. for gbp..

any ideas why?
Ignored
not juz gdp only... other pair chart too.. that included nzd/usd too.. all big move during that particular time.. i almost jump of my chair seeing that...

i think all ppl that trade that time with other pair also feel it..
 
 
  • Post #14
  • Quote
  • Last Post: Jan 22, 2008 7:10am Jan 22, 2008 7:10am
  •  marcelom
  • | Joined Sep 2007 | Status: Senior MQL Programmer | 180 Posts
Intall OANDA FX NEWS...all move of market they put in a free plataform...

Best Regards,
Marcelo Marques
 
 
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