Is this stop hunting

[Tony_T]

I’m pretty sure they uses more then one price feed, segregating clients, experienced, newbie’s into groups and delivers the appropriate feeds to each group..

[samfoo]

sorry folks, the first chart was from FXCM and the second chart from FX solutions. I look at Saxo bank's chart as well and it didn't have the spike.

[xyz123fx]

Originally posted by samfoo
look at the spike up to 1.3323 for EURUSD

Samfoo, no that is not "stop hunting."

No offense but you may have to get your head out of the NASDAQ.

Forex is a 2 TRILLION dollar a day money-exchange market.

Guys don't sit back and hunt stops. The risk of doing so would subject themselves to millions of dollars in losses as the market moved against them in the opposite direction.

I've traded 100s of spikes like that - they are just normal rate fluctuations.

Have fun.

Best regards,

Coinz
(PS: Can you give me the exact date and time of that spike so I can look it up on OANDA - thanks.)

[samfoo]

xyz123fx,

The date is 07 Jan 2005. around 21:30 on the chart.

cheers,

[miniman]

OK. you make the call. Here are the choices straight from the mouths of the brokers themselves 1) graying out-I just talked to (wont mention name) about their fill policies on Non-farm payrolls
and some other exceptionally volatile releases. The gentleman I spoke with told me about a thing called "graying out." What happens, is that the banks that are the market makers in this market stop giving quotes to the brokers. They will either give quotes 500-600 pips away from the market or they will give no quotes at all, which leaves the brokers blind. The brokers are unable to make their fills without knowing where the market is, and the banks, which are big enough to temporarily influence the market, are able to manipulate it in their favor. (Whether this is actually occurring or not is a matter of speculation, not fact,
but the big banks are capable of doing it - i.e. BOJ interventions). In addition, there are so many orders coming in at that time that I was told that even with an additional 100 servers, they couldn't handle the volume involved in non-farm payrolls. Without quotes from the banks, they have no buyers (or sellers) to match the orders to. 2)stophunt-> when a company (we won't use any names here) decides that it sure could make alot of money by hiring professional traders to actively trade in-house because of the avantage it has by being able to control the price feed given to its customers. By knowing where large amounts of stops and limits are placed one can see how easy it would be to take avantage of your average trader by simply manipulating the price to take out these stops. Whether this is done by trading huge amounts to force the price to where you want it or by unethically "pushing a button" to make a momentary price
change, it doesn't really matter because it is all LEGAL! This is the
huge "dirty" secret of the FX brokerage industry. If Tony T is right and the newbies are segregated, my vote is 2-stophunt (it did only happen on one platform.