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/biz/ - Business & Finance

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1512172 No.1512172 [Reply] [Original]

can somebody tell me why USD/CAD dropped about 30 pips in two seconds about 50 minutes ago? there was no news or anything

I got stopped out early

>> No.1512174

sorry for the bad quality image it was on my other computer

>> No.1512176

>>1512172
>stopped out early
No you just got stopped out.

Who cares about the reason? If you're trying to trade technically just chalk it up to a small loss and move on with your life. Sometimes (always) there is no reason fora move.

>> No.1512186
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1512186

>>1512172
I don't see anything out of ordinary in usdcad past 24h

However I can tell you are playing suckers game trading milliseconds if you are worrying 30pips drops

>> No.1512187

>>1512176

are you saying the markets move magically?

there is always a reason, whether it be people buying or selling or world events

>> No.1512190

>>1512186

I had my stoploss 10 pips away from current price, I trade on the 4H

>> No.1512192

>>1512187
>are you saying the markets move magically?
No. What I mean is you will never know why something moved. It could be totally random- maybe a bunch of orders just went off at once. Maybe some big fish just liquidated a position. You have no idea and there's usually no way to find out. Again, if you're trading technically, it doesn't really matter.

>> No.1512194

>>1512172
gold up - usd down

you're welcome

>> No.1512776
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1512776

>>1512172
Are you referring to this?