Market Manipulation
I saw that spike too, was even able to grab a few pips.
I read that some news leaked out early, the PMI numbers were better than expected.
Spikes happen all the time. If you are in doubt then just download another brokers platform for free and go back and look at the time in question.
More N more hard to trade. WIth nowadays technology. I wish I am in the 90s or 80s!
ive always noticed GBP/USD have had a lot more incidents happen like that
spike
spike is a game of intitutional trader it is easy for theme to manipulate market for there big equity and calculte the support and resistant level.
sorry newdigital because instead of replying on Market manipulation i made same like a new thread
when i put a spike on the title.
See my reply as I made good suggestion here:
every time i make a reply on any thread there is always appeared title shall i skip this one? or if i sign a name on a title it looks like a new thread?
You are replying on many thread with high-frequency posting on the questions you were never asked on those threads before, with Forex Axiomes/Tips. Without any possibility for discussion and so on (you are not coming back to your posts to see who replied to you).
It is internet fooding (search google for Wikipédiato : Flood (Internet), and Internet Relay Chat flood to understand what I mean).
Please, create your own thread and post all your thinkings/opinions inside your one thread.
Just a suggestion.
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Ok, its Tuesday 04/11/2011 and I am looking at the chart for GBP/USD, The attached imgage shows a very clear downward trend, then along comes this large pricing spike the covers HIGH and LOW range. I see this spiking often and question if this is stoploss
hunting or just normal market movement.....I would dare say a huge amount of traders would have had their positions cleaned out
by such a spike, your honest thoughts please.