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Price spike 15 minutes in post-close

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Hello

I'm currently trading with a demo account, learning some basics and just out of curiosity. I have a question regarding a rapid price move and hope somebody can help me figure out the reason.

I was long on US Tech 100 Cash bought at 7400.9. At 4:10 PM EST the price raised within fractions of a second to 7442.2 only to drop back to 7384.1 at 4:30 PM.

What are the reasons for such rapid price moves in post-close hours? Furthermore I'm curious why the above mentioned prices were only visible in the trading account and were not showing up on the public chart at https://www.ig.com/en-ch/indices/markets-indices/us-tech-100 ?

Thanks for clarification

BR

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Hi and welcome to IG. well, spotted buddy.

I noticed the same thing happened on all indices at 9pm?? tonight: TheDOW moved over 200 pips within 10 mins? spiked up then down? Can anyone shed some light on this?

Thanx Trevbeats.

2018-08-22 08_20_49-Swing vs Scalp - General Trading Strategy Discussion - IG Community.png

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@brickz @Trevbeats thanks both we are aware of this issue and investigating under the reference INC0256609. I am unsure when it will be resolved however hope it is soon.

It is an IG issue affecting demo only, prices jumps are incorrect.

Cheers,

Will

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5 hours ago, WillA said:

@brickz @Trevbeats thanks both we are aware of this issue and investigating under the reference INC0256609. I am unsure when it will be resolved however hope it is soon.

It is an IG issue affecting demo only, prices jumps are incorrect.

Cheers,

Will

 1861840692_US500_20180822_21_08.png.7021a5bc4a5b7afa3317cc00bbc8312c.png  I was worried as no one else had the spikes? As you can see I have clearly marked out the 2 jumps hope this helps.

Sorry for once again for added previous pictures with too much info. I know how to do export now. 

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Guest MaxTrader

What's happening here IG? This is the fourth night in a row these spikes have appeared!

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On 8/22/2018 at 9:19 PM, Trevbeats said:

Sorry for once again for added previous pictures with too much info. I know how to do export now. 

no worries @Trevbeats - we just want to make sure the safety of your personal info and account are covered :) 

@MaxTrader - I'll ask @WillA to post an update today. 

  • Great! 1

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  • Posts

    • yes they will be on less charts but I understand your point about the size of the moves in ftse, no harm in trialing them though you might find marking out the immediate prior high and low has more relevance.  
    • Yeah, I keep an eye on volume, that's why it's showing at the bottom of my chart However, I haven't been able to discover a strong relation between volume spikes and trend direction. Sometimes I see orders of the magnitude of 10-20k and the chart doesn't do anything special. Other times you see just average volume and the chart does huge turnarounds. For example what happened at 8.30 with that spike down and then going straight back up and making new highs vs previous candle? All happened on low volume
    • @jameswalker1 my recommendation is trade the demo account to get a better understanding of the costs associated. I traded demo for nearly 2 years before placing my first real trade. It will save you in the long run to get a better understanding of the costs involved.
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