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Attachments: The CHF tsunami - 15 January 2015
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The CHF tsunami - 15 January 2015

Quoting Pmd1963
Wonder how much George Soros made on this one. Never trust a central bank to defend a currency. It can't be done.

About the best they can do is "talk" & pray the market participants do the "walk" for them.
Quoting Elhemano1
the importance of SL...
SL only works if there is an executable price. But even the major banks were not streaming ANY prices at times:

https://www.kreslik.com/forums/viewt...hp?f=40&t=8982
Does anyone know statistics of the maximum recorded slippage? This is scary stuff in addition to considering I usually only place my stop after entering the trade. It seems I have to reconsider how much of my savings I want to invest in FX. Fx is risky enough as is. If anyone knows where to find such statistics or websites and forums of more people discussing their accounts wiped out, please post. I really empathize with the original poster and hope we can share more information about this topic for the benefit of us all.
Was anyone smart, perceptive or lucky enough to be short with real money on the USD/CHF early this AM? If you saw it falling was the spread so bad you couldn't get in?

I didn't get up until 7AM CST so of course I missed it. I thought that there was something wrong with the charts or my software. Was this a once in a lifetime situation?
i was think there is something wrong at my metatrader
i open my other accounts to be sure about it's real move in the market
and found same price movments
and from now i will put stop loss always
the talk about reputable broker is making me laugh.
if the price was never traded, how could your trade be filled?
I think we should encourage more talk about reputable brokers. If we don't then we simply allow brokers and banks to take what they want from our accounts. Banks and brokers have decided to be apart of this business so they need to take the appropriate risks and honor their stop losses. Why do we simply accept slippage?
Quoting pierre23
I come back to my computer to find USDCHF just dropped 2780 pips in 30mins? What the heck happened? EDIT: Just saw there was red CHF news that the interest rate was cut at an unscheduled emergency meeting. Wow at that price movement because of it. {image}
YA i just thought my mt4 stuck or may be something wrong in my software so i closed it and finally i surprised lol...thanks God ..i was out of trade that time .nice chart is it possible for you to share your right side indi(if that is mt4)thanks in advance
Say something meaningful or Silence!!
I think we should buy now, because it will bounce back like it did in 2011
Quoting pierre23
I come back to my computer to find USDCHF just dropped 2780 pips in 30mins? What the heck happened? EDIT: Just saw there was red CHF news that the interest rate was cut at an unscheduled emergency meeting. Wow at that price movement because of it. {image}
Today I lost &&( dollars in my Chf/jpy and Aud/Chf trades.
Quoting behman8850
{quote} Today I lost &&( dollars in my Chf/jpy and Aud/Chf trades.
That was USD 779 loss.
Quoting snipersk
I think we should encourage more talk about reputable brokers. If we don't then we simply allow brokers and banks to take what they want from our accounts. Banks and brokers have decided to be apart of this business so they need to take the appropriate risks and honor their stop losses. Why do we simply accept slippage?
It is obvious that you have no idea what you are talking about. It is clearly stated that one can lose more than their initial deposit in Fx if the spread widens beyond the SL. This is what happened today. Fx is an auction market. The price one is able to trade is the one where there is a bid or offer AND nowhere else. This explains why we accept slippage.

Do you know the difference between a Dealer and a Broker?

YOU need to action to protect your account as much as possible but being fully cognisant of all risks.
One against the many.
Quoting m.kreslik
{quote} even the major banks were not streaming ANY prices at times: https://www.kreslik.com/forums/viewt...hp?f=40&t=8982
Thanks ...
I see it all in between ...
3 of my friends accounts one 25k ...38k ...57 k ...just washed out withnin mins ...they didnot put SL .. EURCHF has dropped almost 3000pips ...i really very sorry for them ...
Quoting konecco
the talk about reputable broker is making me laugh. if the price was never traded, how could your trade be filled?
OMG some-one who actually knows what they are talking about!
One against the many.
YOU need to take action to protect your account as much as possible but being fully cognisant of all risks.

sorry missed the word "take".
One against the many.
  • Post #37
  • Quote
  • Edited 12:08pm Jan 15, 2015 11:37am | Edited 12:08pm
Best to trade 1% of your account or in the ball park a smidgen more or less. Even if your stop loss wasn't honored or you had none at all, it would be a big hit but not an account killer. When you take a position in the market, you are at risk.

Those who did not lose on this can safely learn from what happened. Acts of God and war will cause this as well.
SPC * Swollen PocketZ Crew!
Quoting JoeNY
You should trade 1% of your account or in the ball park a smidgen more or less. Even if your stop loss wasn't honored or you had none at all, it would be a big hit but not an account killer. When you take a position in the market, you are at risk. Trade 1% and trade forever with no worries. Those who did not lose on this, you can safely learn from what happened here today. Acts of God and war will cause this as well.
If 30 Pips equal 1%, and the pair drop 4000 pips that equates too 133%.. = account bust.
Probably the worlds best currency trader.
You could have saved yourself with 'guaranteed stop' in which case the broker guarantees your exit for a slightly bigger spread.
I am wondering if anyone here turned to a millionnaire in this gambling? Lucky, I did not have any positions with CHF
Quoting FxSpartan
{quote} It is obvious that you have no idea what you are talking about. It is clearly stated that one can lose more than their initial deposit in Fx if the spread widens beyond the SL. This is what happened today. Fx is an auction market. The price one is able to trade is the one where there is a bid or offer AND nowhere else. This explains why we accept slippage. Do you know the difference between a Dealer and a Broker? YOU need to action to protect your account as much as possible but being fully cognisant of all risks.
Agreed ... , this event kind off reminds me of flash crash 2010 on equities and futures, even their stops is not getting respected. and this CHF event is much bigger in magnitude, me thinks ...
I see it all in between ...
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