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Spike?

  • #1
  • First Post: Nov 14, 2006 5:29am Nov 14, 2006 5:29am
Did you all got a 5 second spike on GBP down to 1.9031?
  • #2
  • Nov 14, 2006 5:30am Nov 14, 2006 5:30am
sorry - 1.8931 -
  • #3
  • Nov 14, 2006 6:01am Nov 14, 2006 6:01am
No, Low for the day (up to the time of this post 12:00 GMT) on live IBFXm = 1.8957 at 11:20 GMT
  • #4
  • Edited 6:36am Nov 14, 2006 6:08am | Edited 6:36am
Quoting wdurauer
Did you all got a 5 second spike on GBP down to 1.8931?
I got a 48 pip bar at 10:30 ish Alpari chart reading 9036 down to 8988 if that's the spike time you're referring to.
  • #5
  • Nov 14, 2006 6:14am Nov 14, 2006 6:14am
My FXDD showed a spike from 1.8967 down to 8933 and back to .8965 in one minute...The IFBX is only showing about a 15 pip spike though.
  • #6
  • Nov 14, 2006 6:26am Nov 14, 2006 6:26am
Mine went all the way to 1.89

Stop hunts perhaps?
  • #7
  • Nov 14, 2006 6:28am Nov 14, 2006 6:28am
Quoting SoFlPippin
My FXDD showed a spike from 1.8967 down to 8933 and back to .8965 in one minute...The IFBX is only showing about a 15 pip spike though.
On VT-Trader was the spike from 8965 to 8931 - I was just checking who (broker) besides VT got does numbers - Thanks
  • #8
  • Nov 14, 2006 6:39am Nov 14, 2006 6:39am
My feeds are showing 8956/57 as the daily low so far.
  • #9
  • Nov 14, 2006 6:50am Nov 14, 2006 6:50am
Quoting ktrade
My feeds are showing 8956/57 as the daily low so far.
Thanks for all posts -
  • #10
  • Nov 14, 2006 6:51am Nov 14, 2006 6:51am
Quoting wdurauer
Did you all got a 5 second spike on GBP down to 1.9031?
No spike down for me either,lowest 8955
  • #11
  • Nov 14, 2006 6:58am Nov 14, 2006 6:58am
I take stop orders would have been triggered all the way ....
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  • #12
  • Nov 14, 2006 7:08am Nov 14, 2006 7:08am
My spread bet provider (CMC) had a spike down to 1.89. I also watch Metatrader who had no spike at all.

The prices often differ between the 2, and I've often wondered if this is because CMC base their price on the futures, where as MT base theirs on the cash market.

Could any of the more knowledgable traders tell me if this is likely, or am I talking out of my ........ as usual?
  • #13
  • Nov 14, 2006 12:19pm Nov 14, 2006 12:19pm
Saw it down to 1.8899 but none of the others, when this has happened before, whether I benefit from it or not, it has always been rectified... ie any trade from a "bad price spike" is removed from the trade logs and any stop executed as a result of a bad price spike is also reinstated etc... thats with spread betting anyway - I don't know if this is the same with their cfd/fx account.

Kavs
_____________ Kavs Make It Happen For Yourself
  • #14
  • Nov 14, 2006 1:14pm Nov 14, 2006 1:14pm
Quoting jami dodgers
My spread bet provider (CMC) had a spike down to 1.89. I also watch Metatrader who had no spike at all.

The prices often differ between the 2, and I've often wondered if this is because CMC base their price on the futures, where as MT base theirs on the cash market.

Could any of the more knowledgable traders tell me if this is likely, or am I talking out of my ........ as usual?
Probably the latter. : CME Globex GBP futures price never went below 1.8928. Sounds like bookmakers up to their old tricks.
  • #15
  • Last Post: Nov 14, 2006 2:48pm Nov 14, 2006 2:48pm
CMC have removed their bad price spike from the charts (all except 3,2,1 min charts anyway)... as I said before they rectify things (in my experience) when something is amiss like that!

NB this price spike was at 11:01 AM GMT (1.8899/902), the actual low with them for the day was... 1.8923/6 at 15:42 AM GMT

kavs
_____________ Kavs Make It Happen For Yourself
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