Awwww. I was kinda hoping for an update on what happened to that broker.
looks like a regular fomc news spike for Me Personally on my brokers feedOriginally Posted by ;
For those who still think that a) quit searching is a fantasy b) it's only something brokers do (widen the spread, utilize slippage, etc.) c) it's just an excuse that poor traders use to not take responsibility for their trading: http://www.bloombergview.com/article...ou-can-t-teach
Only one little quote in the article: The Citi FCA order has a fantastic explanation of the way that worked at paragraphs 4.11 to 4.13, 4.45 and 4.46. It finishes:
This behaviour was reflected in speech used by G10 place FX traders at Citi in chat rooms. For example, a Citi trader referred in a chat room to the truth that he”needed to launch into the 50 supply to get me stop done”. On the other occasion, a trader at Citi described in a chat room the way he”went to get a stop”.
Incidentally, this'chat rooms manipulation' is only the tip of the iceberg I'm afraid... The big price spikes that come from the blue (like the ones yesterday for its eurusd and gbpusd, when there was not even any news out at that moment) are not the activities of'hysterical traders responding to the news', or anything like this.
Just something to think about and try to use in your trading clinic.
Cheers
Okay, the dip of this eurusd a couple of days ago was not a response to this news (that the Swiss National Bank did not bother to put out a warning - sneaky dudes), but rather another dramatic example of how Big Money controllers the Forex Market and actually the world:Originally Posted by ;
SNB scraps flooring on EUR/CHF; The Swiss National Bank (SNB) this week surprised the market by abandoning its 1.20 flooring on EUR/CHF...
(http://www.fxstreet.com/analysis/egy/2015/01/16/).
Who's the broker?
And is that chart a false one? I mean just like broker streamed prices to trigger lots ?