Asian market unpredictability

Up late (usually trade NY time). Logged in to see what was going on, and noticed that a huge spike occurred on bid prices for a pair - we’re talking about a 60 pip spike). This was a one minute chart, it opened and closed at the same price but within 60 seconds had bids (or a bid) at 60 pips over closing price.

I’ve seen this once before, seems like a way to manipulate the market -to be honest- by busting stop losses and clearing the market. Then an unpredictable short term variance occurred on the candles in the 1 and 5 minute chart, and was quite volatile for a few minutes afterward.

Totally unpredicted, and the spike seems totally contrary to what I usually understand and see in the morning (NY East Coast period) session.

Not sure I understand what happens on the 1-30 minute charts in the Asian session, or what that spike represented.

Curious about others who have tried both markets, and curious about that spike. I can’t believe the spike was arbitrary, if a spike like that occurs is it a way for larger volume traders to manipulate the market? If so, is [U]it an indication for a possible trend change[/U]? And, is the asian market that different than the ‘morning’ markets I usually see?

In new territory here, but I am interested in learning from experiences of other traders.

Don’t read too much into it, it can happen at any time apart from the Asian session.

Not sure why this happened, good theory though. That is a lot of pips for a bar to retrace so quickly.
The EUR/USD tends to drop slightly at the Tokyo open, then becomes bullish about an hour and a half into it. It’s only a 60% tendency, I haven’t fully tested it yet to see what other factors play a role in this natural tendency to come up with a profitable, worthwhile strategy.

It’s an up offmarket spike. The fault lies at the feed provider your broker utlilizes. It got nothing to do with stop hunting or your broker. Your open positions, if any, are cancelled by your broker with no change to your P/L because they aren’t caused by the market.