Is this stop hunting

[samfoo]

look at the spike up to 1.3323 for EURUSD

[samfoo]

on the other hand, another and even a few others broker chart looks like this. The high is only 1.3249???? i place my stop at 1.3320 which didn't get hit in this one. But in the case of the other it was hit.

[Makedon]

To me it looks like it. This happened to me with an offshore broker and it happened lightning fast. I switched brokers immediately. However, bear in mind FX trading has no central point like the stock exchange and you should see small differences in broker's prices, but they should be small.

[miniman]

This happened right at NFP data, right? This could have been a counterparty tripping stops, or it could have been that a broker was filling orders with only f/u prices available in the market. Curious as to who the broker was. I wonder if you would have snagged the high price going short if they would have honored it, or disallowed it saying that it was a computer glitch and the price didnt exist in the market.

[Makedon]

If you're talking to me, I can tell you that the broker is offshore in the Caribbean and is not available to US citizens. I also noticed such wild spikes in the graphs of CFDs and other currency pairs that did not show up on other broker's graphs. Needless to say this broker added another dimension to the word random.

As for honouring my going short, well how could I for one and if I had done so, I still would have lost as the GBPUSD was in a strong uptrend.

The sequence of events were something like this, buy @ 1.8000 now @ 1.8040 with stop @ 1.7980, stop triggered by spike that shows on graph and within 1-5 secs price is up to 1.8045 and going up.

[Handle]

in the Euro was also on FXCM.

There is no way the market traded there.

Fortunately I was not in the Euro, but that is totally unacceptable to me that one broker can have prices so out of whack from others. Especially one as reputable as FXCM.

[miniman]

Dear Samfoo, Sorry, I thought you were referencing EUR/USD on 1/07/05 10:00 GMT. I've got a high of 1.3250

[ERA]

Samfoo,

That first chart of yours looks like a Net dania chart, those charts has some evil spikes from time to time probably caused by a very raw imput.

Handle,

I was just comparing charts at dailyfx.com for net dania and fxtrek both using fxcm price feed as input. I thought the charts should be the same if the price feed is from one source but the spike to 133.23 is on the Net dania chart and not on the FXtrek chart.

All a bit confusing.