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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

the question for me is, why all GBP pairs and in the brexit direction? i think manipulation or a random algo error?
Just lucky.................
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atheer1
It's gonna return to 1.26 very soon
But I am not gonna long haha
5 min chart play don't use 1 min broker just declined a trade ???? Can't phone throu ? Hope their not f...led
Quoting el_duende
{quote} This is a big bank/fund that caused the crash playing on weakness of the GBP. Will have caught many big boys out too.

hmm, my understanding of how the market is structured is different. even if the 'big boys caused the crash' there is no liquidity at the base for them to get filled and t/p. the bigger their push down, the harder it is to find matching liquidity on the other side.

imo this is the future of markets as we move into 100% electronic execution and algo are used to control risk measures.

if 10 dealers pull out all their orders when a sudden spike happens at off hours -- then whats left are orders that are several hundred ticks apart. market orders absorb liquidity they don't add to it.
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A small bird trying to fly
I have 2 5 min bottom hits look left and space ??? Where's my boss
Somebody got rich.
Somebody got wiped out.
BLACK SWAN EVENT.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
really 0.7 GBPAUD on FXCM?

https://www.tradingview.com/chart/TUH67oXg/
Quoting atheer1
Just lucky................. {image}
Which bucket shop are you trading with? There is not a chance you would have gotten exact same fill price as your take profit in these conditions. It should have slipped a lot lower in price. You would have gotten a lot more profit in positive slippage with ECN broker.
Quoting elbert3
5 min chart play don't use 1 min broker just declined a trade ???? Can't phone throu ? Hope their not f...led
Some brokers may have gone under with that move if they had too many longs on their books.
Quoting JackintheBox
... pray to God is was market manipulation.
Totally agree. Because otherwise, if it was some kind of meltdown or whatever, it could be an excuse to shut down small trader (like US) access to the Forex market. Sure we know there's risk involved, and that we might lose our whole account... as I'm sure many did today. But I think we'd all agree that we have the right to take that risk if we want. Even if there's always a risk of losing, it's still fun, and potentially profitable to PLAY THE GAME. It would be a real shame if we lost that ability.
Even if this was a fat finger/flash crash trade, we are going to test that 1.15 low at some point in the near future which should lead to fireworks across all markets.
Quoting mambomango
really 0.7 GBPAUD on FXCM? https://www.tradingview.com/chart/TUH67oXg/
strange, now its correct... it was 0.7 1min before.
This is the area many people in the market were aiming for since July.

Quoting Luther
Sterling Projection {image} {image}
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WWIII?
Quoting pursuit_21
{quote} hmm, my understanding of how the market is structured is different. even if the 'big boys caused the crash' there is no liquidity at the base for them to get filled and t/p. the bigger their push down, the harder it is to find matching liquidity on the other side. imo this is the future of markets as we move into 100% electronic execution and algo are used to control risk measures. if 10 dealers pull out all their orders when a sudden spike happens at off hours -- then whats left are orders that are several hundred ticks apart. market orders...
I agree with you there was similar crash on stocks caused by 1 single Pakistani programmer.I watched a program on it.He used special algos to trick other algos to sell if I recall correctly
In trading, you have to be defensive and aggressive at the same time
Quoting Riskee
{quote} Yes...i blew my account ...first i thought it was another pair or a technical error...i was just going for a cup of tea ...i cant beleive what just happened ..it took me 3 years to build up this amount of money from trading
Sorry for your loss. Wish you all the best
http://www.bloomberg.com/news/articl...-brexit-result
I saw maximum spread of 25 pips during the drop.
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