Really BIG spikes

[samtron]

I have only been watching the forex for a short while and have already witnessed some major price spikes (scary stuff ).

I would be interested to know from experienced forex watchers about the largest spike they have seen on the EUR/USD and USD/CHF.

Another interesting statistic would be the biggest price move (one way +or-) you have witnessed on the pairs mentioned in say one hr.

 

[FetteredChinos]

there was a time not so long ago when it GAPPED 250 points intraday...

as for spike moves..

i think there was a huge one- 2,000 pips- back in 1992 on GBP//USD with the ERM fiasco, if i recall correctly.

 

[MrktPlayer]

Last August, Euro spiked 140 ticks in 2 seconds. 200+ by the end of the day.

The pound is a lot more volatile than the Euro, and that's what I trade. Risk management is very important.

9/11/2001 Euro 1hr chart....

 

[MrktPlayer]

yes that's the one I was talking about.

All those retail 'traders' with stop/entry orders 20 pips either side of the price, getting filled 150 - 200 points out of court, made me chuckle.

and those are the same gamblers that complain about their fx dealer screwing them over with slippage...

What's interesting about that chart on 9/11 is that I would have a buy signal before that terrorist attack. I dont' believe TA is the reason why prices move the way they do, but it's interesting how TA setups precedes news releases sometimes.