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EURUSD Flash-Crashes To Friday's Payroll Lows
The most 'liquid' FX cross in the world... just flash-crashed...
"Stay liquid, my friends". #EUR / #USD pic.twitter.com/johmjkQtnx
— MacroTourist (@Gloeschi) April 6, 2015
Perhaps this, as we discussed only this morning, will help clarify who is 'providing liquidity'... The one asset that is responsible for Virtu's trading dominance is no longer stocks, bonds, options or commodities. It is...
And in case it was not highlighted well enough, here it is again.
So this was nothing but an algo-inspired 60 pip vertial waterfall stop hunt to eliminate any resting orders from a vacationing Europe ahead of tonight's Asian open...
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I hate algos!
They'll just blame it on another "fat finger."
aye ... bestest excuse for stop hunting some folks
This appears to be more weather realted, actually.
Fat finger, fat head or something like that.....
Start working at home with Google ! Its by-far the best mixed bag of goods I've had. Last Thursday I got a trademark new Bmw since getting a check for $6474 this - 4 weeks past. I began this 8-months ago and immediately was coming with house at least $77 per hour. I work through this connection, go.to tech marker for work detail.... www.globe-report.com
I love the smell of Grexit in the morning
Nobody's going to leave the euro. Not Greece, not anyone else. But a year from now there will still be articles about a Grexit "real soon now".
If it'll just stay down I can finally take that European vaca.
take Canadian currency with you
and a maple leaf tee shirt..
ehhh..
Might be better off trying to speak their language and distancing yourself from North America entirely.
Market nonsense....
"Market"? You call this a market?
insulting to the word nonsense...
we are so far beyond no sense
we have entered the relm of anti sense...
insulting to the word nonsense...
we are so far beyond no sense
we have entered the relm of anti sense...
Yes, yes...but don't you feel incensed?.....Oh yes and its realm by the way
will leave relm misspelled
so you can get points
for being the spelling police....
I see 3 of these events over the span of that chart. Not that uncommon.
Let's hope these are tremors building up to the big one.
pods
Gold now following like a puppy dog. Looking to close that gap down to $1207.
Mark-It efficiency!
global currencies look like
a 2 step double up, badger whacking
with a short styck..
If everyone remembers back to 1987, it was computers that caused the crash. At the time, everyone was sold on the idea of computerized trailing stops. If the market goes down 10% or whatever, just sell at market and don't worry about it. Millions of people doing the same thing => 20% down in a single day.
Computers are the same as humans but they're much faster. Imagine everyone running from one side of the boat to the other, but they can run at the speed of light.
We forexed some folks.
Greece is going to announce they will default on their payment to IMF, which is due on April 9.
its just the connected Greek oligarchs and pols front-running the news.
What's the opposite to flash crash? Flash ... ?
cess pool overflow...
Smash
Talk about wtf, I had to click to see the dos equis guy?
Fyi. His name is Jonathan Goldsmith. Played in bit parts on TV in the seventies. Played in the movie Hangem high. Funny guy in RL,
Was Pres of a MLM company back in the nineties. The CEO, fucked him .....
This type of "algo inspired" activity has been happening for decades, so what's the story here? That it's Virtu running stops? OK, their "risk" is that what they have to sell to hit the stops they need to buy and get filled; what if they don't get it? Just because they "run the stops" doesn't mean they get the fills on the other side from the banks. So, just sayin' they have risk as well.
www.traderzoo.mobi
I am expecting central command to allow collapse within weeks, not months, now
They had that plan in october 2011 after they planned out MFG collapse in advance then they changed their mind
Same plan in May 2013 when they allowed UST yields to rise but they changed their mind again.
I don't see them changing their mind now. Just my view.
"They changed their mind again"... Idjit!
Please post how you think this is going ting to play out short term now. I have seen your posts in the past and guess you have already have a good theory.
Simple.
In 2007 they used Bear Stearn and Lehman as sacrificial lambs in order to clean up the system.
In 2011 they used MFG but for some reason they changed their mind and I think it has to do with Iran.
Now world trade is dying again and Saudis are now advancing against Iran.
There is no other option but to slaughter a couple more sacrificial lambs. Otherwise world dumps USD for REAL TRADE totally
Guess it's time to jump to trading FXX. Dos.
CAC futures turn red Dax just holding 12k
LOL Its not a flash crash if the drop is menial. Flash crashes are several to double digit % loss in a matter of seconds. Just like dumbass liberals who keep using the term austerity to describe budget balancing. Its incorrect.
It's a huge move in the FX market.
Not really.
No 'WTF?!' on the uptick but big 'WTF?!' on the downtick kinda makes me think: 'WTF?!'.
I knew this story would be up HAHA
I call 'em shark attacks. Substitute favorite apex predator of choice...
Here are some other flash crash articles.
http://michaelekelley.com/2012/05/25/flash-crash-epitaph-short-story/
http://michaelekelley.com/2012/08/03/wall-street-crash-could-happen-again/
Enjoy!
90% of the time ZH posts a chart it is more of a joke than serious journalism. Now 99% of the time ZH posts a Forex chart it is a JOKE !! The pair took 6 hours to move 126 pips and the noobs from ZH call it a crash !!!!!!!!!!!!! LOL !!!!!!!
where can i get some cherry flavored anti-freeze?