Attachments: Does anyone have Flash Crash charts from 2010?

Does anyone have Flash Crash charts from 2010?

#1
First Post: Jan 9, 2013 6:24am Jan 9, 2013 6:24am

Demos4x
| Joined Dec 2011 | Status: Trader | 211 Posts

Does anyone have charts of some pairs of the Flash Crash that happened on Thursday May 6, 2010 at 2:42 pm?
Where the Dow Jones plunged about 1000 points (about 9%) only to recover those losses within minutes.

I would like to see minute charts of forex pairs, to see how they reacted to the event. Of course the liquidity and slippage will not be reflected in those charts but nonetheless I would like to see the price movement.

I tried to see in metatrader I added a lot of bars on the TOOLS menu but the 1 minute chart don't reach so far. If some one could post screens of that event I would be very grateful.

#2
Jan 9, 2013 6:26am Jan 9, 2013 6:26am

wendigo
| Joined Nov 2012 | Status: i am mr gold | 221 Posts

mt5 goes back beyond 2009 so you can use that?

WENDIGO

#3
Jan 9, 2013 7:48am Jan 9, 2013 7:48am

Akh12851
| Joined Jan 2013 | Status: Trader | 83 Posts

As wendigo said, mt5 goes way beyond that point in history. Even in small tf.

However, in your settings, i think you need to place the max number of bars to unlimited in order to enjoy this feat.

Careful though, this method will work because 2009 is really close to us. For example, on eur/usd, mt5 gives history starting from 1971. But from 1971 to 1999 there is no detail to display concerning intraday moves. So, you can display this perdio of history on m1, but shown candles can be D1...

#4
Jan 9, 2013 10:50am Jan 9, 2013 10:50am

Tonkar
| Joined Jul 2008 | Status: Trader | 16 Posts

Not MT4 or 5 but here are a couple of 1 minute charts to get you going.

Hope they are of some use.

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#5
Jan 10, 2013 6:18pm Jan 10, 2013 6:18pm

Patience
Joined Oct 2006 | Status: Trader | 7,219 Posts

Quoting Demos4x

Disliked

Does anyone have charts of some pairs of the Flash Crash that happened on Thursday May 6, 2010 at 2:42 pm?
Where the Dow Jones plunged about 1000 points (about 9%) only to recover those losses within minutes.

Ignored

I don't have any forex charts but I did find Accenture's share price chart that I saved on that day. If I remember rightly, all trades were reversed on this stock (as well as others that precipitously plunged). No reversing of trades happened in the forex market to my knowledge.

May 6, 2010 is one of the reasons why I always cringe when I see people using huge trade leverage. It was a wild day and a perfect example of why the market should always be respected.

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Nothing worth having is easy.

#6
Jan 11, 2013 4:46am Jan 11, 2013 4:46am

Patience
Joined Oct 2006 | Status: Trader | 7,219 Posts

Quoting Patience

Disliked

No reversing of trades happened in the forex market to my knowledge.

Ignored

I see I wasn't very clear with my post. What I should have said was that I read that some people's stops were slipped by a couple of hundred pips on some crosses when the meltdown was taking place. Needless to say it blew some accounts out of the water.

Nothing worth having is easy.

#7
Jan 11, 2013 10:41am Jan 11, 2013 10:41am

Demos4x
| Joined Dec 2011 | Status: Trader | 211 Posts

Hey everyone , thanks for the reply.

I tried the solution mt5, I downloaded the mt5 platform from Admiral Markets and its working (I tried the mt5 platform from liteforex.com but it wasn't working very well).

One thing that I find weird is the Euro and the AUD falling against the dollar, since the flash crash started in the American market, this simply don't makes sense to me. Can anyone shed some light about that?

The movement was smaller that what I expected, 87 pips in the EUR/USD starting from 2:42 (time frame according to wikipedia). And there was a retracement of 12 pips between the minutes 2:43 and 2:44, and another pullback of 25 pips just before the end of the crash movement between 2:46 and 2:47, maybe have given some liquidity and enabled some people to get out of the trade, but since was in a bearish trend I don't see many stop losses would have been activated maybe some take profits and people that notice the crash and tried to exit the market as soon as possible.

If you how are reading this please notice I was making suppositions about the event I wasn't there when it happen (yes I'm talking to you novice that read everything on the forums like it was God's word), thought it would be nice hear from some retail trader how was in the market during the event.

Thanks again for your suggestions and print screens.

Patience your screen is scary for a stocks trader.

#8
Jan 12, 2013 5:02am Jan 12, 2013 5:02am

Patience
Joined Oct 2006 | Status: Trader | 7,219 Posts

Quoting Demos4x

Disliked

One thing that I find weird is the Euro and the AUD falling against the dollar, since the flash crash started in the American market, this simply don't makes sense to me. Can anyone shed some light about that?

The movement was smaller that what I expected, 87 pips in the EUR/USD starting from 2:42 (time frame according to wikipedia). And there was a retracement of 12 pips between the minutes 2:43 and 2:44, and another pullback of 25 pips just before the end of the crash movement between 2:46 and 2:47, maybe have given some liquidity...

Ignored

When there is severe risk off and market uncertainty, the US$ and (at this time) JPY gained because of their supposed safe haven status. I've had a quick look back at the charts because I wasn't trading E/U that day and I note your paragraph above and the lack of movement on E/U at the time, but the plunge on the stock market actually reverberated throughout the rest of the trading day. E/U's high was 1.2857 and the low 1.2520 and it closed at 1.2654 so it still did a 320 pip day from high to low with 130 pip retrace before close.

The more significant moves in the forex market were because of U/J and any cross associated with the Yen. U/J's high was 93.97 and the low was 87.95 so a 600 pip move from high to low with half the losses being retraced and closing at 91.36.

G/J's high was 142.30, low was 129.70 so 1,260 pips from high to low with half the losses being retraced and closing at 136.11.

A/J's high was 85.31, low was 78.20 so 711 pips from high to low with nearly half the losses being retraced and closing at 81.18.

The USD/CAD also had very volatile movements. The low was 1.0281 then it shot up to the high at 1.0742 and closed at 1.0487.

I've just given a few examples here. You may like to do further research. My candles are GMT.

Nothing worth having is easy.

#9
Jan 13, 2013 12:48pm Jan 13, 2013 12:48pm

Demos4x
| Joined Dec 2011 | Status: Trader | 211 Posts

Quoting Patience

Disliked

When there is severe risk off and market uncertainty, the US$ and (at this time) JPY gained because of their supposed safe haven status. I've had a quick look back at the charts because I wasn't trading E/U that day and I note your paragraph above and the lack of movement on ...

Ignored

Thanks for your analyses Patience, I will look futher on a wider time frame, I got a interest only on the crash time frame because I'm a scalper and a flash crash is one of the things that worried me because I have a small stop loss, witch could be a advantage in these situations, being I'm one of the firsts to get out before the market runs out of liquidity, it's one thing I don't know and I hope never have to find out. Again thank you for your analyses.

#10
Jan 15, 2013 6:22am Jan 15, 2013 6:22am

Patience
Joined Oct 2006 | Status: Trader | 7,219 Posts

Quoting Demos4x

Disliked

Thanks for your analyses Patience, I will look futher on a wider time frame, I got a interest only on the crash time frame because I'm a scalper and a flash crash is one of the things that worried me because I have a small stop loss, witch could be a advantage in these situations, being I'm one of the firsts to get out before the market runs out of liquidity, it's one thing I don't know and I hope never have to find out. Again thank you for your analyses.

Ignored

You're welcome.

I'm not sure whether you will gain much from delving too deep into this event because these events happen now and again. There was also the Yen meltdown following the Tsunami in March 2011 which then resulted in the BoJ and the G7's combined intervention. And the SNB's intervention on the CHF in September 2011. I think it is excellent that you are making yourself aware that these things happen though. Don't let these events scare you. Scared money don't make no money. As long as you are comfortable with your risk and you keep to your stop, you should be A-okay.

What you don't want to happen is this. Becoming over confident with the gains on your account, continuing to over-leverage and then either not setting a stop or not respecting your stop. I think most of us have been there. Whether you survive is another story.

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Nothing worth having is easy.

#11
Jan 15, 2013 7:23am Jan 15, 2013 7:23am

CrucialPoint
Joined Nov 2009 | Status: Good-Bye FF | 857 Posts

Quoting Demos4x

Disliked

Does anyone have charts of some pairs of the Flash Crash that happened on Thursday May 6, 2010 at 2:42 pm?
Where the Dow Jones plunged about 1000 points (about 9%) only to recover those losses within minutes.
I would like to see minute charts of forex pairs, to see how they reacted to the event. Of course the liquidity and slippage will not be reflected in those charts but nonetheless I would like to see the price movement.
I tried to see in metatrader I added a lot of bars on the TOOLS menu but the 1 minute chart don't reach so far....

Ignored