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Cable Update (GBPUSD)

  • #442,801
  • Oct 6, 2016 6:18pm Oct 6, 2016 6:18pm
I can't find any news on this. 1000 pip spike on GU and 1500 on GJ. A lot of big traders just got wiped holding longs after the massive down move.
  • #442,802
  • Oct 6, 2016 6:18pm Oct 6, 2016 6:18pm
LOL....

What is happening

LOL
  • #442,803
  • Oct 6, 2016 6:20pm Oct 6, 2016 6:20pm
nice stop hunt lmfao.. low 1.2029 on my platform..
  • #442,804
  • Oct 6, 2016 6:20pm Oct 6, 2016 6:20pm
Well... we were below the lowest low in decades for the pound. There was zero demand/support to be found below so i guess it can be compared to the eur/chf floor below its fixed floor level. There simply was no reason there either to have any long positions... I guess they knew it could spike like this...
  • #442,805
  • Oct 6, 2016 6:20pm Oct 6, 2016 6:20pm
Quoting sebas1987
LOL.... What is happening LOL

1. thats why we trade with s/l
2. why in the world are people buying or selling into this -- structure is broken...wait, wait till the humans can regain composure...this is all algo and panic. -- feel bad for the tokyo office this morning for most banks.
  • #442,806
  • Oct 6, 2016 6:21pm Oct 6, 2016 6:21pm
bottoms in ?
  • #442,807
  • Oct 6, 2016 6:21pm Oct 6, 2016 6:21pm
This is a testament to the notion that markets are completely random and make no sense! I just lost about $7000 today haha. Time to get some escorts and take the night off. Hope none of you were margin called.
  • #442,808
  • Oct 6, 2016 6:23pm Oct 6, 2016 6:23pm
Funny I was just telling my wife the pound could hit 1.2 ... but I was thinking in march when May hits the exit button not now.
  • #442,809
  • Oct 6, 2016 6:24pm Oct 6, 2016 6:24pm
Quoting F0reverForex
This is a testament to the notion that markets are completely random and make no sense! I just lost about $7000 today haha. Time to get some escorts and take the night off. Hope none of you were margin called.
It just so happens that i modified EA's to take care of black swans a couple of weeks ago @_@; close call.. Sorry for your loss
  • #442,810
  • Oct 6, 2016 6:25pm Oct 6, 2016 6:25pm
French President Hollande said Britain must suffer the consequences of leaving the EU to save it from an existential crisis -Financial Times
  • #442,811
  • Oct 6, 2016 6:25pm Oct 6, 2016 6:25pm
The ironic things is NFP is meant to probably going disappoint tomorrow
  • #442,812
  • Oct 6, 2016 6:26pm Oct 6, 2016 6:26pm
fuck,,, what's happening...
buy buy buy now
  • #442,813
  • Oct 6, 2016 6:27pm Oct 6, 2016 6:27pm
460 retail traders viewing the thread to know why but no one knows ! Don't worry, they will tell us tomorrow...
Don't give up on your dreams. Keep sleeping.
  • #442,814
  • Oct 6, 2016 6:28pm Oct 6, 2016 6:28pm
Looks like the Bank of England might be buying here to support the GBP.
  • #442,815
  • Oct 6, 2016 6:28pm Oct 6, 2016 6:28pm
I just lost $5000
WTF??? 
  • #442,816
  • Oct 6, 2016 6:28pm Oct 6, 2016 6:28pm
Wtf.....I lost 58000$ in one minute
  • #442,817
  • Oct 6, 2016 6:28pm Oct 6, 2016 6:28pm
Quoting Nabz
{quote} Not likely, but bounces upward should be expected in this range, unless it breaks this channel, in that case. We are heading to parity zone.
Maybe it was technical afterall.
  • #442,818
  • Oct 6, 2016 6:29pm Oct 6, 2016 6:29pm
Quoting pursuit_21
{quote} 1. thats why we trade with s/l 2. why in the world are people buying or selling into this -- structure is broken...wait, wait till the humans can regain composure...this is all algo and panic. -- feel bad for the tokyo office this morning for most banks.
A stop loss would not work in that case. Look up stop loss @ black swan
MY SITTING, NEVER MY THINKING!
  • #442,819
  • Oct 6, 2016 6:29pm Oct 6, 2016 6:29pm
Quoting nightpipper7
French President Hollande said Britain must suffer the consequences of leaving the EU to save it from an existential crisis -Financial Times
seriously this is why? combined that with alot of peoples orders past 12600?
  • #442,820
  • Oct 6, 2016 6:30pm Oct 6, 2016 6:30pm
Quoting timos
900 f*cking pips in the Sidney session.... Talk about manipulation!!
yeah I wonder what they went down there for
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