(binned per thread starter's request) Flash Crash ~ Jan 2019 | Forex Factory

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(binned per thread starter's request) Flash Crash ~ Jan 2019

  • #1
  • First Post: Edited 6:50pm Jan 2, 2019 5:22pm | Edited 6:50pm
FX market just got hit by a low liquidity driven flash crash that ripped through major stop zones at the time when no major trading centre was open. Classic!

Summary:
AUDJPY: -518 pips (Monster's head)
AUDUSD: -215 pips
GBPUSD: -185 pips
EURUSD: +35 pips (King of liquidity)
EURGBP: +103 pips
GBPJPY: -446 pips
USDJPY: -322 pips
USDCAD: +81 pips
NZDUSD: ~91 pips (Range)
AUDNZD: -355 pips

Here are the tick charts of all major currency pairs.

AUDJPY (Monster's head): -518 pips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.png Size: 72 KB


AUDUSD: -215 pips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 84 KB


GBPUSD: -185 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 76 KB


EURUSD: +35 pips (King of liquidity)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 105 KB


EURGBP: +103 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.png Size: 78 KB


USDJPY: -322 pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.png Size: 82 KB


USDCAD: +81 pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.png Size: 81 KB


NZDUSD: ~91 pips (range)
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.png Size: 79 KB


AUDNZD: -355 pips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.png Size: 85 KB


GBPJPY: -446 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.png Size: 84 KB
@trader_umr
  • #2
  • Jan 2, 2019 6:02pm Jan 2, 2019 6:02pm
wow!
This is why ill never have full account at broker or hold overnight or trade asia/when us/eur/london are closed.
  • #3
  • Jan 2, 2019 6:17pm Jan 2, 2019 6:17pm
It's nice to have a Flash Crash thread to keep a historical track of them.
  • #4
  • Jan 2, 2019 6:24pm Jan 2, 2019 6:24pm
Quoting traderumr
FX market just got hit by a low liquidity driven flash crash that ripped through major stop zones at the time when no major trading centre was open. Classic! Here are the tick charts of all major currency pairs. AUDJPY (Monster's head): -518 pips {image} AUDUSD: -215 pips {image} GBPUSD: -185 pips {image} EURUSD: +35 pips (King of liquidity) {image} EURGBP: +103 pips {image} USDJPY: -322 pips {image} USDCAD: +81 pips {image} NZDUSD: ~91 pips (range) {image} AUDNZD: -355 pips {image} GBPJPY: -446 pips {image}

Interesting yes, thanks for sharing.
  • #5
  • Jan 2, 2019 6:33pm Jan 2, 2019 6:33pm
Quoting Cools81
wow! This is why ill never have full account at broker or hold overnight or trade asia/when us/eur/london are closed.
Im long hard in aud pairs and jpy pair, and still this crash got me to "only" almost 50% dd, and now back to 20 +-, its not about holding trades overnight, its about knowing the risk and not over leverage your account.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190103-012307.jpg Size: 690 KB
  • #6
  • Jan 2, 2019 8:26pm Jan 2, 2019 8:26pm
Quoting dornachum203
{quote} Im long hard in aud pairs and jpy pair, and still this crash got me to "only" almost 50% dd, and now back to 20 +-, its not about holding trades overnight, its about knowing the risk and not over leverage your account. {image}{image}
never go hard bro you must always be soft
  • #7
  • Jan 3, 2019 2:41am Jan 3, 2019 2:41am
Quoting MrAashir
{quote} never go hard bro you must always be soft
My point was that even when I "go hard" that crash didn't wipe me out, i was at max DD of 50%. I sure there is a lot of people who got wiped because of high leverage.
  • #8
  • Jan 3, 2019 6:10am Jan 3, 2019 6:10am
i checked different broker like xm,oanda,ic,robo fxpro differnce 200 pips + ??
Say something meaningful or Silence!!
  • #9
  • Jan 3, 2019 6:37am Jan 3, 2019 6:37am
Quoting classy
i checked different broker like xm,oanda,ic,robo fxpro differnce 200 pips + ??
Yeah. It depends when broker closed. Some of the people's brokers were up. Only thing that they did for us (Forex4you) , is only closed exotics and gave us gap after the flash crash occured .

Atleast I could buyback these bounces but no volume nor liquidity was up for 20-40min in GBPJPY
I make perfect trades. But terribly manage it
  • #10
  • Jan 3, 2019 10:04am Jan 3, 2019 10:04am
This is how flash crash handle by my account with my EA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: photo_2019-01-03_21-26-53.jpg Size: 116 KB
Click to Enlarge Name: photo_2019-01-03_21-03-05.jpg 2.jpg Size: 140 KB
  • #11
  • Jan 3, 2019 11:40am Jan 3, 2019 11:40am
Quoting dornachum203
{quote} My point was that even when I "go hard" that crash didn't wipe me out, i was at max DD of 50%. I sure there is a lot of people who got wiped because of high leverage.
Bro...
Could you please let me know what is the Leverage r u using ?
What is the best leverage ?
  • #12
  • Edited 12:15pm Jan 3, 2019 11:45am | Edited 12:15pm
Quoting dornachum203
{quote} Im long hard in aud pairs and jpy pair, and still this crash got me to "only" almost 50% dd, and now back to 20 +-, its not about holding trades overnight, its about knowing the risk and not over leverage your account. {image}{image}
It's really inspiring....
If you don't mind....Could you please share info like...by reviewing your account....if my account was $1000....what could be the open positions lots size (cumulative of all open positions) if i Had it might be went to hardly 50% DD....

So I will maintain this as a parameter in future....
  • #13
  • Jan 3, 2019 12:37pm Jan 3, 2019 12:37pm
Quoting traderumr
FX market just got hit by a low liquidity driven flash crash that ripped through major stop zones at the time when no major trading centre was open. Classic! Summary: AUDJPY: -518 pips (Monster's head) AUDUSD: -215 pips GBPUSD: -185 pips EURUSD: +35 pips (King of liquidity) EURGBP: +103 pips GBPJPY: -446 pips USDJPY: -322 pips USDCAD: +81 pips NZDUSD: ~91 pips (Range) AUDNZD: -355 pips Here are the tick charts of all major currency pairs. AUDJPY (Monster's head): -518 pips {image} AUDUSD: -215 pips {image} GBPUSD: -185 pips {image} EURUSD: +35 pips...
My broker's EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: Flash Crash January 2018.png Size: 18 KB
  • #15
  • Jan 7, 2019 7:46am Jan 7, 2019 7:46am
Remember that with the new ESMA rules, if your account gets to 50 % (margen) they close all of your positions automatically. So if you would like to sweat out the flash crash waiting untill it gets back, you would not have had that chance. That is another reason more why you should not use too much leverage.
  • #18
  • Jan 27, 2019 9:38am Jan 27, 2019 9:38am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 1.4 MB
@trader_umr
  • #19
  • Edited 10:32am Jan 27, 2019 9:58am | Edited 10:32am
WOW! I'm impressed.. Reason given Lack of liquidity! Not some bogus fundamental reason..
way to go!

Not many people here will realize it was a liquidity problem.. They will all search for some fundamental story line.
To justify the move after the fact.


GOOD JOB!

Thinking in terms of liquidity (and volatility) is 1/2 the battle to realizing how the market really works..,

My mind is always thinking how much liquidity and volatility is there going to be, rather then trying to jump
on some news headline after the fact..(which is how most people trade and think)

more importantly .. If you realized it was a low liquidty situation you could have faded the move over the next few days.. Making some nice profit!
because every move mentioned end up reversing didn't it?

I seek out liquidity problems to fade.. But all arn't this big with 500 pips. (most are much smaller)
This was a tsunami!
The only system that will work is one designed by and for yourself.
  • #20
  • Jan 27, 2019 7:00pm Jan 27, 2019 7:00pm
Quoting bloodpoodle
more importantly .. If you realized it was a low liquidty situation you could have faded the move over the next few days.. Making some nice profit!
Yes, just need to make sure that normalcy has returned.
Whatever the causes were ... holidays, fundamental concerns etc have subsided.
@trader_umr
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