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NASTY Spike on ... thecollectivefx.com

  • #21
  • Aug 20, 2010 7:56am Aug 20, 2010 7:56am
Quoting akhtergroup
Because you're price stream was padded. Dealing desks usually do this. It was a MARKET wide FORCED liquidation.
No it wasn't.

I have 4 very reliable feeds that are not associated with bucket shops. None have the AUDCAD spike.

Since it was a Citibank issue and your feed is Citibank, how do you make the intellectual leap that it would cause a market wide forced liquidation?

It would have certainly shown up on FX Hotspot or Currenex. Neither have this spike.
  • #22
  • Aug 20, 2010 11:23pm Aug 20, 2010 11:23pm
Quoting witsnpips
imagine if you had a sell limit order, hehehe...
*Frowns at you.

This is a DEPOSIT ONLY account.

  • #23
  • Last Post: Aug 21, 2010 2:21am Aug 21, 2010 2:21am
Quoting Fudomyo
No it wasn't.

I have 4 very reliable feeds that are not associated with bucket shops. None have the AUDCAD spike.

Since it was a Citibank issue and your feed is Citibank, how do you make the intellectual leap that it would cause a market wide forced liquidation?

It would have certainly shown up on FX Hotspot or Currenex. Neither have this spike.

There is no intellectual leap involved it's pretty obvious that it was a forced liquidation. It happens very often in cash FX. And if you're smart you will profit from these opportunities. But you can believe whatever you want to believe.
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