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Cable Update (GBPUSD)

  • #239,741
  • Jul 21, 2010 2:08am Jul 21, 2010 2:08am
Quoting nAVIN2007
what the hell produced this reaction 130 pips in seconds.. thats what i call pips on the table and swipe on all scalps with stops on small time frames
That why i trade High TF And just mental SL
Now after a lot of long stop hunt Hit let's see
  • #239,742
  • Jul 21, 2010 2:09am Jul 21, 2010 2:09am
Anyone figured what happened? No announcements that I can see. I take the baby for a walk and this is what happens! Market seemed longish so cant say i would have taken it...
  • #239,743
  • Jul 21, 2010 2:09am Jul 21, 2010 2:09am
Quoting peach
Craaaaaaaaaaap.. I had a stop loss for my longs at 1.5280 but I got filled for 1.5236.. 44 pips slip... Thank you FXCM....GRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
Don't blame the broker man....spikes hit us all...it's part of the deal. Betcha someone else is laughing like a maniac at his good fortune
Doing what you like is Freedom. Liking what you do is Happiness.
  • #239,744
  • Jul 21, 2010 2:10am Jul 21, 2010 2:10am
that thing is BoE minutes. i think ff is not showin us a full economic calender
Allow the Market to get to your target entry...
  • #239,745
  • Jul 21, 2010 2:11am Jul 21, 2010 2:11am
on the wires:

some european bank's trader pressing the wrong button caused the rapid drop!!!
Hear the music before the song is over ...
  • #239,746
  • Jul 21, 2010 2:11am Jul 21, 2010 2:11am
Quoting nAVIN2007
this thing is looking to move and about to show its card and it taking the excess bum of the bus..b4 it does this..only the strong will prevail
sweet. Thats why u trade only 10% with mental SL, so even a 500 pip spike wont hurt u
btw the biggest i have seen was a 700 pip spike
  • #239,747
  • Jul 21, 2010 2:11am Jul 21, 2010 2:11am
was this another one of those "fat finger" situations...like the one that crashed wall street a few months ago?
  • #239,748
  • Jul 21, 2010 2:11am Jul 21, 2010 2:11am
(IFR news)
GBP/USD: Two Minute Slump Attributed to "Miss Hit" trade from a Dutch bank
'miss hit'?!?
another 'fat finger' issue?

wow, they are good in making things up.
  • #239,749
  • Jul 21, 2010 2:11am Jul 21, 2010 2:11am
no news about that... strange. Too many peoples were long so brokers stopped them in 2 minutes . They wanted your money, and they got it.
  • #239,750
  • Jul 21, 2010 2:12am Jul 21, 2010 2:12am
Quoting Allseeingeye
That is what I am talking about this time I got lucky I had gotten out waiting for retrace & I got 100 pips but next time I might be VERY VERY UNLUCKY!
It looks like somebody, very powerful, red your post and opened short trade
  • #239,751
  • Jul 21, 2010 2:12am Jul 21, 2010 2:12am
Sounds like a market maker getting his money back....bloody greed!
  • #239,752
  • Jul 21, 2010 2:13am Jul 21, 2010 2:13am
Quoting GlobalMacro
on the wires:

some european bank's trader pressing the wrong button cause the rapid drop!!!
This same thing happen in our stock exchange causing Bombay Stock exchange drop heavily but got recovered in few minutes to same spot. Stock was ICICIBANK.
  • #239,753
  • Jul 21, 2010 2:13am Jul 21, 2010 2:13am
Quoting GlobalMacro
on the wires:

some european bank's trader pressing the wrong button caused the rapid drop!!!
$GBPUSD: Much conjecture regarding the 150-point dump, some saying it was a system miss-hit by an aggressive Dutch seller.
  • #239,754
  • Jul 21, 2010 2:14am Jul 21, 2010 2:14am

from fxcm

$GBPUSD: Much conjecture regarding the 150-point dump, some saying it was a system miss-hit by an aggressive Dutch seller.


  • #239,755
  • Jul 21, 2010 2:14am Jul 21, 2010 2:14am
$GBPUSD: Much conjecture regarding the 150-point dump, some saying it was a system miss-hit by an aggressive Dutch seller.

Read more: Real Time Forex News http://www.dailyfx.com/real_time_news/#ixzz0uIaCOUKE

there goes my pips due to his fatty fingers
  • #239,756
  • Jul 21, 2010 2:14am Jul 21, 2010 2:14am
Where did ForexLive indicate cable sell orders. Yes 1.5320. Where did it top out?
Talk Dutch name came in and clobbered cable. We’re presently back at 1.5260.
  • #239,757
  • Jul 21, 2010 2:14am Jul 21, 2010 2:14am
Why Cable make big drop in few minutes with over 100pips......??

got short with TP 20 pips .....
  • #239,758
  • Jul 21, 2010 2:15am Jul 21, 2010 2:15am
Quoting damonl
haha did you catch a short on that?
You know I had my finger on the Trigger for short but changed to long at 1.52
  • #239,759
  • Jul 21, 2010 2:15am Jul 21, 2010 2:15am
Well, we get started again. Back to today open price
  • #239,760
  • Jul 21, 2010 2:15am Jul 21, 2010 2:15am
Quoting realjumper
Don't blame the broker man....spikes hit us all...it's part of the deal. Betcha someone else is laughing like a maniac at his good fortune
If he could press the button to cash in ! And the blokes who had SL put in place get taken out. Then price jumps so fast , you can't get in before 100 pips. All this HF stuff - massacre the masses !
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