Jump to content
Sign in to follow this  

4 Minute 55pip Spike in GBPUSD - 12pm GMT yesterday

Recommended Posts

Hi All

My first post here. I am trying to get my head around the
massive 4 minute 55pip Spike in GBPUSD - at 12pm GMT yesterday
My FF Economic calendar suggested news coming out an hour later (1pm GMT)
(Really not sure if that is what actually really caused this - news filtering out early - not sure)

Thankfully, I was not in any trade at that time - but if I had been - would have been definitely taken out
....and if I positioned in the opposite direction a minute later - would have been taken out a second time

Can anyone suggest a theory of what caused this behaovior
Thanks in advance

cable_spike.jpg

Edited by jsw_nz

Share this post


Link to post

Hi @jsw_nz,  UK is currently on summer daylight saving hours so it's gmt +1, so you were looking at the bank of England interest rate decision and monetary policy statement. You can change the FF calendar setting to update change over automatically by clicking on the time tab in the calendar header and switch on DST.

 

image.thumb.png.418cba3c95bdc4db0aabe2b399e95e0b.png

Share this post


Link to post

UPDATE: SOLVED - My Forex FActory Chart was off by one hour - had to update it to 'automtically adjust for daylight savings" - all good now

Share this post


Link to post

WOW - you posted the anser a few minutes ago (i did not refresh the page) - thanks

Share this post


Link to post
Just now, jsw_nz said:

WOW - you posted the anser a few minutes ago (i did not refresh the page) - thanks

👍

Share this post


Link to post

There is a first hand example of the dangers of news events

Edited by jsw_nz

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×