What happened to CAD/CHF on 6th of December 2007? | Forex Factory

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What happened to CAD/CHF on 6th of December 2007?

  • #1
  • First Post: Aug 28, 2014 11:09am Aug 28, 2014 11:09am
Hi! I am checking out the MT4 history and I found out that on 6th Dec 2007 CADCHFdrops over 3,000 pips and retrace and close in positive. Anyone know what happen on that day? This is the first time i saw such HUGE movement in a single day.

Thank you and happi trading http://www.dailyfx.com/forex_forum/i...lies/smile.png
  • #2
  • Aug 28, 2014 3:37pm Aug 28, 2014 3:37pm
I turned 30 that day But I don't see anything exciting on the CADCHF - see the red arrow in the attached chart. I've seen what you're describing happen if there's a problem with your data. You can delete that day or even all the D1 data for that pair and pull it again from your broker and see if that clears it up.

Attached Image
  • #3
  • Aug 28, 2014 3:50pm Aug 28, 2014 3:50pm
Hmmmm, im using Hotforex demo on 2 pc and both show the huge movement. Here is the screen shot. Just in case is the data problem, how do I delete and restore them? Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: cadchf.png Size: 27 KB
  • #4
  • Aug 29, 2014 6:47am Aug 29, 2014 6:47am
In the folder where MT4 is installed, go to the history folder, then the folder for the server connection you're on. For me that path is:
D:\Program Files (x86)\MB Trading FX MetaTrader 4\history\MBTrading-Live

Within there you'll find a bunch of .hst files sorted by the pair name and timeframe, like CADCHF1440.hst in this case. Close MT4, then rename that file to something else, then reopen MT4 and the CADCHF D1 again. MT4 will pull the data fresh from server because it can't find it on your computer anymore.

I have heard of demo feeds for some brokers having erroneous data like this, so if you pull it again using the above instructions, then their demo data on their servers is where the problem lies. Live data should be far more accurate since it's based on live trading. Hope that helps!
  • #5
  • Aug 31, 2014 7:26am Aug 31, 2014 7:26am
@polymorphfx i did as you suggest and it is gone. hahahah. learn something new - that the history is not 100% accurate. by the way, from all your time trading, what is the biggest move in a single day you have seen and for which pair and how many pips? and what is the reason behind?

cheers,
  • #6
  • Aug 31, 2014 1:09pm Aug 31, 2014 1:09pm
Yeah I was gonna say, you have something I DEFINITELY missed
  • #7
  • Aug 31, 2014 1:23pm Aug 31, 2014 1:23pm
Quoting jotekfinance
Yeah I was gonna say, you have something I DEFINITELY missed
I think we have clarify the matter due to some technical issue. Could you tell us your experience - the strongest movement in a single day? Like when, why and pips?
  • #8
  • Sep 1, 2014 11:00am Sep 1, 2014 11:00am
I was in a webinar when the flash crash happened in May 2010. The guy that was doing it (I think it was SeekingLight at James16's site) was already in a few positions and profited handsomely from it. The EJ plummeted early in the webinar and he delayed the start to reformulate his plan for the trades and get his positions closed. The rest of us were looking around for what had happened (the start of WWIII?, another major bank failure?, etc.) but couldn't find anything. After NY closed, the truth came out. I'd guess some traders around here have seen far crazier stuff happen but I'll always remember seeing that in real-time!
  • #9
  • Sep 1, 2014 12:54pm Sep 1, 2014 12:54pm
Quoting polymorphfx
I was in a webinar when the flash crash happened in May 2010. The guy that was doing it (I think it was SeekingLight at James16's site) was already in a few positions and profited handsomely from it. The EJ plummeted early in the webinar and he delayed the start to reformulate his plan for the trades and get his positions closed. The rest of us were looking around for what had happened (the start of WWIII?, another major bank failure?, etc.) but couldn't find anything. After NY closed, the truth came out. I'd guess some traders around here have...
What cause the plummet and how many pips have it move in that day?

p/s - i scroll back EJ May 2010 but i did not notice any big movement :-?
  • #10
  • Sep 2, 2014 12:21am Sep 2, 2014 12:21am
Such powerful spikes is not something uncommon for currency trading. Guess there is a micro "bubbles" distending time to time and such strong movement is a token of their blow out. It is necessary for any economy because due to panic and mess it causes it also return it to the balance.
  • #11
  • Sep 2, 2014 12:27am Sep 2, 2014 12:27am
Quoting leebsurag
Such powerful spikes is not something uncommon for currency trading. Guess there is a micro "bubbles" distending time to time and such strong movement is a token of their blow out. It is necessary for any economy because due to panic and mess it causes it also return it to the balance.
Could you give an example like the pair, date, spikes and reason? Thanks.
  • #12
  • Sep 2, 2014 5:29am Sep 2, 2014 5:29am
See the attached chart. You can also read about the flash crash here: http://en.wikipedia.org/wiki/2010_Flash_Crash
Most of that 1000 pips happened mid-afternoon NY time when the price plummeted and then shot back up a little while later. So it wasn't just the volatility on the day but the way it happened (a big down, then a big up.) Several other pairs show the same type movement, this is just the one I remembered.

Attached Image
  • #13
  • Last Post: Sep 2, 2014 6:42am Sep 2, 2014 6:42am
@polymorphfx thanks for the info
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