What made it fall like this?

Mate, that stuff would barely cause a ripple on a quiet day, let alone on a Friday in the middle of the worst financial crisis of the last 100+ years. Throw your economics textbook out the window. The financial commentators will always come out with a convincing explanation as to why the markets did what they did on the day, after the action has gone down, but when it comes to predicting the markets and identifying what is significant at the cutting edge, they're clueless. The charts never lie - when they go up it's because more people were buying than selling and if it goes down it's because more people were selling than buying. Beyond passing interest and knowing when to take a day off, I couldn't care less about the news.

I dont have a clue what is a purpose of the FF calendar......
I have never traded or take care about the news!

FOREXFlash, I don't think he cares what you think "he needs to do". This thread is about those charts and a discussion on what caused the movements.

I think that move was probably the reason of many factors. How did the US news look at that time? Did Obama sign something else without letting the people react to it like he said he would?

Did that move come tumbling back down or did it start an up trend? If I had to guess, I'd say some major news event started that climb, then the rest of the millions of people saw it shoot up and joined in, pushing it higher. From that chart it looks like it was trending sideways for a while ready to break out, which puts greater pressure on a breakout when it does occur.

I wonder how the other markets looked around that time to? Inter market analysis is a really interesting subject, I think you would find it interesting also since you are asking questions about these chart movements. Google it!

You can chat the whole next month about that what made it happen,
and that is a pure waste of time cos the reality is you will never know
for sure what made it happen!!!

Just my 12,34 cents

There's no way you can know why things happen before they happen. "Why" is a rationale applied after the fact. It's playing analyst, not trader.

What you have to do is find an edge in the market. A way to read the market that provides some directional or volatility edge that you can trade. There are a hundred such methods, and your quest will be long and tiresome.


The market exists to pre-price things. It doesn't move in response to something, it moves in anticipation of them. The market moved pricing in a particular value, and then corrected itself when the news came out. Buy the rumor, sell the news.

Frankly, tho, you can't really use any of that to trade. The market did not move because of these news releases, it moved because of talk of nationalization and futures expiration. But none of that matters, because it was obvious hours ago if you had the right approach and wanted to trade it. Ie: Take a look at the hourly and notice how price rejected support after a rally.

Frankly, babypips is useless. It's like trying to do 3rd year college calculus while in the 1st grade.

As for the calender... it's useful for knowing when the spread will widen. That's about it.