Swissie spike!

Quote from Pippi436:

I have noticed this a few times now. What could be the reasons people would be doing this? Well, apart from the EA theory :)

Surely, during the uk/us session they would get better executions due to less market impact?
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Why do institutions sell 200 VIX futures at the market with regularity? Losing $200k for the privilege?
 
Hell I could be wrong, the market is always right. I just know the parameters for the code and it was triggered perfectly and the market reversed on a dime against momentum, against it's tendencies, blew out stops to within a few ticks and reversed higher back into same channel.

Wtf do I know it could have just been a fat finger from Atticus. Why do you have to trade during my time like that huh?

His hedges move the market.
 
Quote from Bigpipn:

Anyone have any Eur/chf scalpers that just took a hit on that spike? I was just triggered instantly on 2 trades (automated) and they blew out my stops on all 4 platforms (3 demos 1 live).

That was blatant "
FU stop trading those 5pm-8pm scalpers!"

LOL, the bs is getting out of control.
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Kid.
There was the NZD GDP @ 18:45. Just a chain reaction. Never heard of triangular arbitrage?
"They blew out my stops", they, lol. Who are they?
 
Quote from total_keops:

Kid.
There was the NZD GDP @ 18:45. Just a chain reaction. Never heard of triangular arbitrage?
"They blew out my stops", they, lol. Who are they?
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Take the "kid" stuff somewhere else.

It was a blantant stop run, put it on M1 and look. I've watched economic reports on M1, that's not an economic report, look at the time.

Regardless, I have cooled down and I sound retarded looking back on my posts. There are no shortcuts I will find that fearless nature to get back all my losses tomorrow. Off to bed to get up and trade the Frankfurt session.
 
Quote from Bigpipn:

You'd have to be following automated code pretty closely to notice this, but it's is directed at the automated code, there is no doubt.
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There is no qualitative distinction between a stop placed by a discretionary trader or some retarded EA algorithm. FX is decentralized, so there is no way you're going to know if "they" had massive size to buy into that spike. 5:1 risk at 88% is a marginal positive expectancy, but we both know those numbers are the worst kind of bullshit. 5:1 is not edge.
 
nah.. I agree that orders are getting stopped out.

I've been winning non-stop on my "dealing desk" broker, and I feel like "they" took the other side to my trade this time (the one time i don't fucking put a stop-loss..:mad: ). Usually I will get delayed to be filled, but this time it was instant, I should of knew something was up from the start.

That spike basically started where I sold, reversed 100%, touched my entry again and then went right back up..

2nd time this week I've seen this bullshit.. I bought euro sunday night below 1.4719 with 1.48 target, euro goes to 1.4631.. was down $XX,XXX.. and then back up to >1.4719, got out @ 1.4750, then sold it at 1.4786.. and same bullshit again.
 

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