Jump to content

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

Guest jsw_nz

Recommended Posts

Guest jsw_nz

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


Edited by jsw_nz
Link to comment

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.



Link to comment
Guest jsw_nz

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

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • It is a consensus that Web3 wallets offer users whole control over their assets, ensure protection against unauthorized access, deliver seamless access to the growing world of blockchain services and more. However one quality that many participants are yet to tap fully is the earning opportunities they unlock. So in my exploration to access those juicy opportunities, I’ve discovered quite a few on Bitget wallet. Earned good rewards from the previous ZETA airdrop, and now in line with offering an unparalleled rewarding trading experience in Web3, Bitget Wallet has launched a massive airdrop for its ecosystem token BWB. Scheduled to last from March 18 to April 28, participants are invited to download Bitget Wallet app on their devices and claim BWB by participating in events through the app—the more tasks completed, the more points you gain. I just think that considering that 164m BWB points have already been issued over the period of 5 weeks, with one more week to go, no better time to hop on this opportunity than now especially with a welcome bonus of 50 $BWB points up for grabs!
    • this sounds like an amazing opportunity for users in the crypto world. It's important to approach futures trading competitions with caution, ensuring one's financial stability and a comprehensive understanding of the market. While the prizes are enticing, responsible trading remains the ultimate goal. Thanks for sharing such an intriguing event, I’ll definitely be taking a look at it ! 
    • As a newbie crypto trader, I dove headfirst into the world of futures trading on Bitget. Feeling overwhelmed by the charts and analysis, I discovered their copy trading platform. It was a revelation! Following the strategies of Bitget's elite traders, I learned the ropes while making real profits. Their expertise took the guesswork out of trading, allowing me to focus on understanding the market. This new Bitget Futures Elite Trader Selection Program is fantastic news. It incentivizes these top traders, giving them greater exposure, while also helping new users like myself identify proven performers. It's a win-win for everyone, and a huge step forward in making futures trading more accessible and successful for beginners. Thanks Bitget!    
  • Create New...