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How many lots makes a difference?

  • #21
  • Jul 3, 2011 3:04pm Jul 3, 2011 3:04pm
Quoting Patience
Well I don't know about you, but I wouldn't call a 842 pip drop on A/J in one day negligible. Each to their own I guess.
I agree that's not negligible, and you're right - except that it was already in a downtrend and set to drop that day, anyway; and you're pointing out the exception - most other pairs barely noticed it. Look at EURUSD, just another candle in the trend.
  • #22
  • Jul 3, 2011 3:07pm Jul 3, 2011 3:07pm
Quoting Adal
How about reading the facts instead of repeating hearsay. It was caused by a couple of badly programmed algos, not by a human trader confusing $M with $B.

http://sec.gov/news/studies/2010/mar...nts-report.pdf
http://www.nanex.net/FlashCrashFinal...shSummary.html

And a $200 mil order will move EUR/USD 50 pips. Source: Oanda and others.
I had my facts straight, I wrote that the inconclusive theory was such and such had caused it, which was true, as was everything else I wrote... I didn't know the SEC decided it was an EA.
  • #23
  • Jul 6, 2011 2:04am Jul 6, 2011 2:04am
Quote
The large organisations know the only way to make a difference is to get all the average Joe traders all the sheep and all the top dogs to agree that a trade will go one way, if they can get that then the forex may move in the favoured direction.

Large organisations don't care about average traders.
  • #24
  • Last Post: Jul 6, 2011 4:17am Jul 6, 2011 4:17am
Quoting Oliver_Chart
Large organisations don't care about average traders.
Have you ever heard about George Soros and Black Wednesday?
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