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Cable Update (GBPUSD)

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  • Post #442,921
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  • Edited 8:57pm Oct 6, 2016 8:46pm | Edited 8:57pm
  •  pursuit_21
  • | Joined Aug 2007 | Status: playing the long game | 257 Posts
here is a snap from my broker of the 5min chart for brexit ref and todays drop...

you can see that one looks like intelligible decision making is being made and the other is just algo liquidity switch

**edit

sorry if the earlier pic was a bit misleading ...here is the same 900++ tick drop in red (yes i know broker pricing will differ, but this is the same broker reacting to both situations)

on the left it took ~115 mins to achieve the same movement as <1 min on the right
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  • Post #442,922
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  • Oct 6, 2016 8:58pm Oct 6, 2016 8:58pm
  •  timos
  • Joined Sep 2012 | Status: Member | 1,056 Posts
Alpari rules them all

568 pips spread
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Bankrupt again??
 
1
  • Post #442,923
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  • Oct 6, 2016 8:59pm Oct 6, 2016 8:59pm
  •  Not-KPMG
  • Joined Jun 2015 | Status: Member | 14,961 Posts
Quoting Not-KPMG
Disliked
{quote} Long on G/U.?? I've been there  Now i won't touch the pound, if they pay me. Sell recommended of course. I had a chart 2 months ago I did it for my Euro forecast, but still true Nice weekend {image}
Ignored
So it happens again. My old chart post Brexit sure feels adequate now.
Sorry for lost accounts.  
 
And trading with market maker is a way to guarantee stop loss. FxPro should execute exactly on SL. Right? Because they executed TP in gaps. Fair and square. 
Trade safe.
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Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
 
1
  • Post #442,924
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  • Oct 6, 2016 9:06pm Oct 6, 2016 9:06pm
  •  jayjb
  • | Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts
Wow. No bulls would have survived that drop.
 
1
  • Post #442,925
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  • Oct 6, 2016 9:08pm Oct 6, 2016 9:08pm
  •  ForeverNewb
  • | Joined Aug 2016 | Status: Member | 443 Posts
Quoting timos
Disliked
Alpari rules them all 568 pips spread {image} Bankrupt again??
Ignored
not even close... Admiral Markets: 1034.2 spread
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  • Post #442,926
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  • Oct 6, 2016 9:10pm Oct 6, 2016 9:10pm
  •  kk300
  • Joined Jan 2015 | Status: Member | 1,148 Posts
should we expect another???
 
 
  • Post #442,927
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  • Oct 6, 2016 9:11pm Oct 6, 2016 9:11pm
  •  lolik79
  • | Joined Apr 2016 | Status: learn and practice.... | 59 Posts
Quoting lolik79
Disliked
GBPUSD.... how deep can you go?? sure you want to go to 1.2381.?? ok... i'll meet you there....
Ignored
12 hours ago... the 4H fibo said this.... LOL
 
 
  • Post #442,928
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  • Oct 6, 2016 9:15pm Oct 6, 2016 9:15pm
  •  gnajra
  • | Joined Apr 2016 | Status: Member | 99 Posts
Quoting kk300
Disliked
should we expect another???
Ignored
for sure !
whatever it was, its gonna happen to jpy too. I was on the right direction since monday ! but I closed mine ... scary times...
 
 
  • Post #442,929
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  • Oct 6, 2016 9:19pm Oct 6, 2016 9:19pm
  •  Ashkbose
  • | Joined Aug 2016 | Status: Member | 25 Posts
What a day
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  • Post #442,930
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  • Oct 6, 2016 9:19pm Oct 6, 2016 9:19pm
  •  kk300
  • Joined Jan 2015 | Status: Member | 1,148 Posts
H & S formation.. in 5 min chart..
 
 
  • Post #442,931
  • Quote
  • Oct 6, 2016 9:21pm Oct 6, 2016 9:21pm
  •  Dr.Octagon
  • | Joined Jul 2016 | Status: Member | 86 Posts
Ouch! that was a bit brutal....
If you're not in the 5% yet it's because you have to try 95% harder.
 
 
  • Post #442,932
  • Quote
  • Oct 6, 2016 9:31pm Oct 6, 2016 9:31pm
  •  kk300
  • Joined Jan 2015 | Status: Member | 1,148 Posts
Carney was sleeping...
 
 
  • Post #442,933
  • Quote
  • Oct 6, 2016 9:33pm Oct 6, 2016 9:33pm
  •  niubee
  • | Joined Jul 2015 | Status: Member | 188 Posts
What the hell is happening? I already short... but it goes up hit my SL then drop again... not my day ...​
Don't trust me. I'm still newbie
 
 
  • Post #442,934
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  • Oct 6, 2016 9:34pm Oct 6, 2016 9:34pm
  •  timos
  • Joined Sep 2012 | Status: Member | 1,056 Posts
Quoting niubee
Disliked
What the hell is happening? I already short... but it goes up hit my SL then drop again... not my day ...​
Ignored
Change broker
 
 
  • Post #442,935
  • Quote
  • Oct 6, 2016 9:41pm Oct 6, 2016 9:41pm
  •  Dr.Octagon
  • | Joined Jul 2016 | Status: Member | 86 Posts
Quoting niubee
Disliked
What the hell is happening? I already short... but it goes up hit my SL then drop again... not my day ...​
Ignored
From some liquidity providers, there was a full system reset I'm reading. Your spread got wide and nailed you - your whole trade, target, entry, stoploss, was inside of the spread. For a few moments there wasn't actually a market there.

to everyone reeling from this. Sucks guys.
If you're not in the 5% yet it's because you have to try 95% harder.
 
 
  • Post #442,936
  • Quote
  • Oct 6, 2016 9:42pm Oct 6, 2016 9:42pm
  •  Spec_And
  • | Joined Oct 2013 | Status: Member | 655 Posts
This probably has something to do with options positioning, somebody must be short a ton of naked puts and was forced to cover when a key level was broken.
"Where you want to be is always in control, never wishing, always trading.
 
 
  • Post #442,937
  • Quote
  • Oct 6, 2016 9:42pm Oct 6, 2016 9:42pm
  •  Ill-b-back
  • Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Quoting kk300
Disliked
H & S formation.. in 5 min chart..
Ignored
I don't quite know why but this comment made me laugh...
Come with me if you want to live....
 
 
  • Post #442,938
  • Quote
  • Oct 6, 2016 9:42pm Oct 6, 2016 9:42pm
  •  Ashkbose
  • | Joined Aug 2016 | Status: Member | 25 Posts
I would just watch for today and wait for next week!
 
 
  • Post #442,939
  • Quote
  • Oct 6, 2016 9:43pm Oct 6, 2016 9:43pm
  •  polonoon
  • | Joined Oct 2012 | Status: Member | 147 Posts
sell gbp usd 1.2380 tp : 1.2125
 
 
  • Post #442,940
  • Quote
  • Oct 6, 2016 9:46pm Oct 6, 2016 9:46pm
  •  Ashkbose
  • | Joined Aug 2016 | Status: Member | 25 Posts
Quoting Spec_And
Disliked
This probably has something to do with options positioning, somebody must be short a ton of naked puts and was forced to cover when a key level was broken.
Ignored
All move happened in three mins and in its move hit all stop losses and options contracts, sell was so strong and there wasn't any demand for buy, but it still looks weird!
 
 
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