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  • #29,121
  • Sep 10, 2008 3:30pm Sep 10, 2008 3:30pm
cobrafx,

when you zoomed in on that chart how long did that spike last approximatel. I don't have access to that pair?

Curious also about such a spike.
Redefining Reality
  • #29,122
  • Sep 10, 2008 3:43pm Sep 10, 2008 3:43pm
Quoting cobraforex
I have one question:
I was studying moves of different currencies in relation to the $ and stumbled about this:
That is a daily ODL chart of USDNOK with a spike of over 25.000 (twenty five thousand) pips.
If you had an open position with lets say 1 standard lot with a 10$ value/Pip without SL you had to have about 250.000 $ in your account if you didn’t want to get a call of Mr. Margin.
Is that right, I mean is that possible and legal?
Other question is what could cause a spike like that (beside of Photoshop please)?
Ignore it. Erroneous data spike.
  • #29,123
  • Sep 10, 2008 3:43pm Sep 10, 2008 3:43pm
Quoting cobraforex
I have one question:
I was studying moves of different currencies in relation to the $ and stumbled about this:
That is a daily ODL chart of USDNOK with a spike of over 25.000 (twenty five thousand) pips.
If you had an open position with lets say 1 standard lot with a 10$ value/Pip without SL you had to have about 250.000 $ in your account if you didn’t want to get a call of Mr. Margin.
Is that right, I mean is that possible and legal?
Other question is what could cause a spike like that (beside of Photoshop please)?
When did that happen. Well its not a regulated market,, they can do whatever they want... and is legal....
Markets are not Random, they are designed!
  • #29,124
  • Sep 10, 2008 3:45pm Sep 10, 2008 3:45pm
Quoting SunTrader
Scalping is for those who haven't yet learned the fact that the real money is made the longer you can stay with a trend. .
I do both. I'm ADHD though.
  • #29,125
  • Sep 10, 2008 3:46pm Sep 10, 2008 3:46pm
Do you think that could be a Bullish Pin bar..........

Quoting cobraforex
I have one question:
I was studying moves of different currencies in relation to the $ and stumbled about this:
That is a daily ODL chart of USDNOK with a spike of over 25.000 (twenty five thousand) pips.
If you had an open position with lets say 1 standard lot with a 10$ value/Pip without SL you had to have about 250.000 $ in your account if you didn’t want to get a call of Mr. Margin.
Is that right, I mean is that possible and legal?
Other question is what could cause a spike like that (beside of Photoshop please)?
It's All About Attitude ...
  • #29,126
  • Sep 10, 2008 3:48pm Sep 10, 2008 3:48pm
Quoting piptechnician
cobrafx,

when you zoomed in on that chart how long did that spike last approximatel. I don't have access to that pair?

Curious also about such a spike.
I could follow that till 30 min chart and it's still a spike.
The funny thing is 4 month before that there have been a similar one on that pair.
  • #29,127
  • Sep 10, 2008 3:50pm Sep 10, 2008 3:50pm
Quoting cobraforex
I could follow that till 30 min chart and it's still a spike.
The funny thing is 4 month before that there have been a similar one on that pair.

I opened a platform where I found that pair. 8/16/2001, the stock market was in a nose dive at that time and on that day 13 companies announced massive downsizing.
Redefining Reality
  • #29,128
  • Sep 10, 2008 3:51pm Sep 10, 2008 3:51pm
Quoting Billser
Do you think that could be a Bullish Pin bar..........
I'm sure, but to late to order a long.
  • #29,129
  • Sep 10, 2008 3:52pm Sep 10, 2008 3:52pm
Quoting SunTrader
Ignore it. Erroneous data spike.
Exactly. i have a whole folder full of weird pip shots like that. they show up from time to time and mean nothing. hopefully end of story...
FUBAR...
  • #29,130
  • Sep 10, 2008 3:55pm Sep 10, 2008 3:55pm
Quoting SunTrader
Ignore it. Erroneous data spike.
That should be the reason, this is SO unreal. But I have two of them in 4 month time.
What pi$$ed me off is that they take all the chart space and I could'nt go any further with my study.
Thanks

ak4x, yes end of story, was just curious, thanks for the patience.
  • #29,131
  • Sep 10, 2008 3:57pm Sep 10, 2008 3:57pm
Quoting cobraforex
That should be the reason, this is SO unreal. But I have two of them in 4 month time.
Thanks
here's some more info on them from a post I did some time back with pics. the important part is the link at the very bottom.
http://www.forexfactory.com/showpost...ostcount=20035
FUBAR...
  • #29,132
  • Sep 10, 2008 4:01pm Sep 10, 2008 4:01pm
Quoting bigandrich
I do both. I'm ADHD though.
Another one. I thought we filled this thread's quota already.
  • #29,133
  • Sep 10, 2008 4:02pm Sep 10, 2008 4:02pm
Quoting cobraforex
I have one question:
I was studying moves of different currencies in relation to the $ and stumbled about this:
That is a daily ODL chart of USDNOK with a spike of over 25.000 (twenty five thousand) pips.
If you had an open position with lets say 1 standard lot with a 10$ value/Pip without SL you had to have about 250.000 $ in your account if you didn’t want to get a call of Mr. Margin.
Is that right, I mean is that possible and legal?
Other question is what could cause a spike like that (beside of Photoshop please)?
What do you think EUR/USD , price would bounce substantially from 1.39xx or would it go up to 1.38xx area... I am long from 1.39xx.. Thanks
Markets are not Random, they are designed!
  • #29,134
  • Sep 10, 2008 4:07pm Sep 10, 2008 4:07pm
Quoting cobraforex
That should be the reason, this is SO unreal. But I have two of them in 4 month time.
What pi$$ed me off is that they take all the chart space and I could'nt go any further with my study.
Thanks

ak4x, yes end of story, was just curious, thanks for the patience.
With TradeStation there is a 800 tel number and email contact to report erroneous data points to have them cleaned out.

Coincidently this week they just added USDNOK and a few other exotics but data only goes back a short while.
  • #29,135
  • Sep 10, 2008 4:09pm Sep 10, 2008 4:09pm
Quoting cobraforex
That should be the reason, this is SO unreal. But I have two of them in 4 month time.
What pi$$ed me off is that they take all the chart space and I could'nt go any further with my study.
Thanks

ak4x, yes end of story, was just curious, thanks for the patience.

Did you look at USD/SEK, it also had a spike like that same day, it was a Sunday
Redefining Reality
  • #29,136
  • Sep 10, 2008 4:16pm Sep 10, 2008 4:16pm
Quoting Raza
What do you think EUR/USD , price would bounce substantially from 1.39xx or would it go up to 1.38xx area... I am long from 1.39xx.. Thanks
You wanted to write down, right?
As a scalper it does'nt matter to me to where it goes because I just ride short time waves. Personally I have a short @ 1.410 SL 1.4110 and settled a trail stop on it. I will let it ride till it got stopped out but this isn't my real style, other traders will give you a better answer, sorry.

Btw: I have the strange feeling that from here on the short rally will be sometimes pretty fast, as cutting butter. I dont see too many resistance in the next 150 pips.
  • #29,137
  • Sep 10, 2008 4:17pm Sep 10, 2008 4:17pm
Quoting piptechnician
I opened a platform where I found that pair. 8/16/2001, the stock market was in a nose dive at that time and on that day 13 companies announced massive downsizing.
Do you mean the Swedish stock market?

Not the US on that date, though.
  • #29,138
  • Sep 10, 2008 4:19pm Sep 10, 2008 4:19pm
hi cobra...go to history data in metatrader and edit the spike data manually. first go to the one minute charts to identify the bad candle... and look for it in the history database.
I had to do it sometimes to be able to read the charts after one of those spikes.

Quoting cobraforex
That should be the reason, this is SO unreal. But I have two of them in 4 month time.
What pi$$ed me off is that they take all the chart space and I could'nt go any further with my study.
Thanks

ak4x, yes end of story, was just curious, thanks for the patience.
  • #29,139
  • Sep 10, 2008 4:21pm Sep 10, 2008 4:21pm
Quoting SunTrader
Do you mean the Swedish stock market?

Not the US on that date, though.

Yea that is why i tried to say "at that time" in general. The stock market wasn't open but it had been in that historic nose dive. That weekend 13 companies, including Egghead, remember them, announced major downsizing.
Redefining Reality
  • #29,140
  • Sep 10, 2008 4:25pm Sep 10, 2008 4:25pm
Quoting ak4x
here's some more info on them from a post I did some time back with pics. the important part is the link at the very bottom.
http://www.forexfactory.com/showpost...ostcount=20035
That has been very helpfull, thanks
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