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  • #644,441
  • May 17, 2012 4:52pm May 17, 2012 4:52pm
anyone get the spike down to 66? what was that?
  • #644,442
  • May 17, 2012 4:53pm May 17, 2012 4:53pm
woah that was quite a spike, killed my long scalp
  • #644,443
  • May 17, 2012 4:55pm May 17, 2012 4:55pm
Quoting Andreenzo
anyone get the spike down to 66? what was that?
got it... trying to figure out what was it...
  • #644,444
  • May 17, 2012 4:56pm May 17, 2012 4:56pm
Quoting Bradifx
got it... trying to figure out what was it...
either stop hunt

or

asia/sydney waking up to moody downgrade?


or both lol
  • #644,445
  • May 17, 2012 4:56pm May 17, 2012 4:56pm
damn... just hate this. this spikes kill me. no time to act.
  • #644,446
  • May 17, 2012 4:58pm May 17, 2012 4:58pm
Quoting Andreenzo
damn... just hate this. this spikes kill me. no time to act.
should expect the worst when trying to go long under these conditions
  • #644,447
  • May 17, 2012 4:59pm May 17, 2012 4:59pm
Quoting Idioluzes
watch the charts guys!! EurUsd drops fast -30 pips
I love bear market!
looks like capitulation. bulls quickly drove it back above the support zone at 1.28ish on the 1 min
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad1.gif Size: 10 KB
  • #644,448
  • May 17, 2012 5:00pm May 17, 2012 5:00pm
Quoting neuron
should expect the worst when trying to go long under these conditions
eh. i'm actually short. from 2735.
I was considering closing the positions at 2660, but it was too fast for me.
  • #644,449
  • May 17, 2012 5:00pm May 17, 2012 5:00pm
Quoting SnaveForex
what happened to the billion dollar trades that has to be triggered
i guess it got triggered early...
  • #644,450
  • May 17, 2012 5:01pm May 17, 2012 5:01pm
Quoting Andreenzo
eh. i'm actually short. from 2735.
I was considering closing the positions at 2660, but it was too fast for me.
Not going long until a big Daily candel tells me to.
  • #644,451
  • May 17, 2012 5:02pm May 17, 2012 5:02pm
Quoting todstars2
looks like capitulation. bulls quickly drove it back above the support zone at 1.28ish on the 1 min
  • #644,452
  • May 17, 2012 5:02pm May 17, 2012 5:02pm
Or maybe a trader at an australian bank hit the wrong button on its keyboard?
  • #644,453
  • May 17, 2012 5:03pm May 17, 2012 5:03pm
Quoting Andreenzo
Not going long until a big Daily candel tells me to.
I guess we'll just have to get there slowly...
  • #644,454
  • May 17, 2012 5:09pm May 17, 2012 5:09pm
Quoting Bradifx
Or maybe a trader at an australian bank hit the wrong button on its keyboard?
I'm here imagining this situation...
  • #644,455
  • May 17, 2012 5:14pm May 17, 2012 5:14pm
seriously, it was probably some kind of algo... Though haven't seen the same spike on the eurosd future
  • #644,456
  • May 17, 2012 5:14pm May 17, 2012 5:14pm
Quoting Idioluzes
watch the charts guys!! EurUsd drops fast -30 pips
I love bear market!
Hit SL
  • #644,457
  • May 17, 2012 5:16pm May 17, 2012 5:16pm
and the spike hit exactly the previous min at 1.2666...
  • #644,458
  • May 17, 2012 5:16pm May 17, 2012 5:16pm
Quoting Bradifx
seriously, it was probably some kind of algo... Though haven't seen the same spike on the eurosd future
I agree. These days natural language processing algorithms and software is state of the art.
So I guess they combined "downgrade"+"spain"+"bank" for this spike.
But why did it come back so fast then?
  • #644,459
  • May 17, 2012 5:18pm May 17, 2012 5:18pm
Quoting Bradifx
and the spike hit exactly the previous min at 1.2666...
you get the same value? I get a lower 1.2664.
  • #644,460
  • May 17, 2012 5:19pm May 17, 2012 5:19pm
Quoting beyon
I agree. These days natural language processing algorithms and software is state of the art.
So I guess they combined "downgrade"+"spain"+"bank" for this spike.
But why did it come back so fast then?
maybe buy orders placed below previous historical daily low
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