I'm assuming your stop was above the high of ~1.0505, like many highly accurate retail traders that can forsee a 300pip drop by using historic prices. A/U price action on Sept 13th around 1700GMT shows what an abundance of stops look like when they ...

The Useless Forex Calendar... yes or no?

They do not balance themselves out. The German court ruling to approve Germany in contributing 190 billion euros to the ESM was good for the Euro. That outcome had been priced in by traders months ago so it wasn't such a surprise to the market. ...

Take the Emotional Bias Test!

That E/U breakout to the upside was all technical. Didn't have anything to do with traders reacting to the Federal Reserve annoucing a plan that they're going to create $40bil/month of USD for an unstated amount of time or anything. The ...

Take the Emotional Bias Test!

The current price of a security will go where the incoming orders place it. It will reject areas of inadequate liquidity, consolidate at areas of abundant liquidity. There's no way to tell where a security will be in the future based on historical ...

Take the Emotional Bias Test!

@OP Whether you're looking to go long or short, these spurts of volatility can get you in at a nice discounted price (if the spread isn't crap). You'll be taking the place of one of those guys that pulled his orders out of the market bc ...

Stop clearout?

There must have been a reason to cause such volatility. Either an unforeseen event demanding liquidity or a news event which liquidity providers pulled out of the market. What occurred at that time? I see that volatility primarily in Euro pairs. ...

Stop clearout?

Price action upon outcomes of news releases are unpredictable. If price were predictable (good go up/bad go down), there would be no one to take the other side of the trade. Market liquidity providers know this and don't want to get screwed over ...

The Useless Forex Calendar... yes or no?

Its hard to be sure of where exactly stops are without information on order book rumors. Think about where a majority of traders will place them based on technical analysis. Maybe browse the Interactive Trading forum on here to see where traders are ...

Finding the stop losses

Ya nothing can be confirmed looking at that. Looks like a mess of tiny charts with random indi templates. I know for a fact that when some of us post trades, we'll add a MACD, BBs, MA's to make it look more complex than what it really is. lol

What Systems is Mr Harald Weygand trading?

Awesome DIY setup dude!

Trading Station with Multiple-Monitors

Not to worry, you're only a year late on the news about Eur/Chf.

Free market CHF chart?

A large order (along with a ton of buy stops) can pop it up high enough until all buyers are paired with a seller. Price may run up 100pips to satisfy all market orders. A large sell order must absorb all waiting buyers for price to move down. That ...

EUR/CHF

It happened bc it had to happen. Like the spike in May and June. The order structure in E/C since the peg is very one-sided. The only mistake was someone selling too much Chf during an illiquid time (NY afternoon I believe) and tripping a cascade of ...

EUR/CHF

Now you're stuck between a rock and the SNB. lol

EUR/CHF

Buy stops tripping. This will keep happen periodically when the amount of market buy orders grows so big that when price moves up it trips them, running price up. Those market buys need to find a limit sells asap. Bc price moves so fast, you'll ...

EUR/CHF

Exit it. There are so many more pairs moving bc of SNB's actions. This pair will only tie-up capital.

EUR/CHF

A reason why the SNB mentions the possibility of a higher peg. Specs hear that and buy, helping them out.

EUR/CHF

Oh, no the SNB can't let that happen. They've pledged w/ an "unlimited" amount of Francs to uphold it with dealing desks around the world prepared to buy Eur for Chf at (almost ) all times. Here's a good article about when the floor was breached ...

EUR/CHF

Happened on April 5th. Price slipped by SNB's bids (its all OTC btw). The SNB has dealing desks trading on their behalf, able to defend 1.20. If a spike downwards happens, the SNB loses credibility.. and the bulls' stops that are helping to defend ...

EUR/CHF

It happens when market buy orders outnumber market sellers. Someone bought big without a seller on the other side (during a known time of low liquidity) and price had to move up!

EUR/CHF