danboi8989
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Am usin tradefair (timetotrade) that explains it... didnt have time to try n get long position before it shot back up again, gutted
Am usin tradefair (timetotrade) that explains it... didnt have time to try n get long position before it shot back up again, gutted
Dick Lexic
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😆😆
funny thing is the last time this happened it helped my analysis 🙂
maybe i'm being sent these by the great trader above😛
here's the i min chart reksa
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😆😆
That is insane. I hope some people made them pay big time for that.
They probably wiped out so many stops though. People would be able to get the trade back if they complained but I bet not everyone would complain.
There is a Capital Spreads thread on here, you should post the chart on it.
😆😆😆
Looks like we have some support at 5800. Just moved my stops below :clap::clap:
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Dick Lexic
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If the spreadbetting firm genuinely wants to stand behind that price spike and say it was a fair representation of the underlying futures market, then you should close your account and move elsewhere. Yes the market has been volatile but nothing like 80 pts. The Futures have stayed firmly within a 20 pt range since 6am.
gents
I have checked my charts from 2wayspr and there is no spike like that
both futures and cash have a little 20 pt upward spike at 7.50 ish but as Martin C-J has written the market has been pretty well contained within a 20 to 25 pt range all morning
😢
This is a really horrible market this morning. I have been stopped out several times. I still don't understand what caused the massive volume spike at 8:32am. We had 1200 lots traded in that minute as opposed to just 25 lots 4 minutes earlier.
Again, this was a morning to suspend belief and to try not to have a bias. Hard not to considering Moody's downgrade and the change in outlook for the UK. This should have been seriously bad news for the UK and I expected a sell off. Overnight the market had been selling off and I expected that to continue this morning. Well, it only goes to prove that the big boys will sell it off when they want it to and not when we want it to. My guess is they are still in long positions and want to protect or get out of them at their own speed.
Again, this was a morning to suspend belief and to try not to have a bias. Hard not to considering Moody's downgrade and the change in outlook for the UK. This should have been seriously bad news for the UK and I expected a sell off. Overnight the market had been selling off and I expected that to continue this morning. Well, it only goes to prove that the big boys will sell it off when they want it to and not when we want it to. My guess is they are still in long positions and want to protect or get out of them at their own speed.
barjon
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Hi guys - just back from the sun
overall ftse traded about 68 strong vs dow while I was away.
As Martin says funny old start today, opened a touch weak (-5) vs dow but holding its own since. Little 8:30 pop and same again at 9:00 - didn't touch them though. Maybe 10:00 will see better, but the 15:00 reversal seemed to be the better bet the few times I looked when sunning myself.
Can't believe that volume, Martin, surely it should have started the ball rolling one way or another.
overall ftse traded about 68 strong vs dow while I was away.
As Martin says funny old start today, opened a touch weak (-5) vs dow but holding its own since. Little 8:30 pop and same again at 9:00 - didn't touch them though. Maybe 10:00 will see better, but the 15:00 reversal seemed to be the better bet the few times I looked when sunning myself.
Can't believe that volume, Martin, surely it should have started the ball rolling one way or another.
Dick Lexic
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:clap::clap::clap::clap::clap::clap::clap:
Nice to see you back . 4921 insane. In 1 month?
I need BP to hit 510 first 😱
Dick Lexic
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That's a good idea, reksa. Their comments would be interesting.
Jon and DC - Welcome back. It is nice to have you back again.
Jon - the volume was a lot of stops being triggered both up and down, and then it was sideways and the trades were much easier to read.
DC - 4921? You love to keep us on our toes. I am expecting a sell off some time because the market is overbought big time, but I favour something around 5700. There may be more shocks to come in europe, and really how much longer can Greece last, but for it to hit 4921, there has to be a meteor strike at 1600 Pennsylvania Avenue.
Jon - the volume was a lot of stops being triggered both up and down, and then it was sideways and the trades were much easier to read.
DC - 4921? You love to keep us on our toes. I am expecting a sell off some time because the market is overbought big time, but I favour something around 5700. There may be more shocks to come in europe, and really how much longer can Greece last, but for it to hit 4921, there has to be a meteor strike at 1600 Pennsylvania Avenue.
Dick Lexic
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i put a post up so we'll see if thay respond🙂
i suppose it's down to timetotrade really ...they do the charts
That would equate to an approx 2000 point drop on the Dow. Last year from 24th July, over a 3 week period I think it did that. Could happen again even without Obama being hit on the head by a meteor. How about a default by Greece followed by the Straits of Hormuz being closed.
I think the Greek default is a given, but what we don't know is how and when. I think they will fail to make the March debt payment. There has to be a major run on greek banks some day soon. People are already draining their accounts, but there will come a moment where they start doing a Northern Rock outside every bank. That day will be a 200pt down day on the Dow, but it won't fall much more. At least I don't think so. In fact there will be a big relief rally when Greece finally pulls out of the euro.
As for Iran, they won't close the Straits of Hormuz. They are acting as if they are, but it would not be in Russia's or China's interests, so it won't happen. I think!!!
