Glitch = 391 pips in 2 seconds?

Beginner Questions
1

ok so i was looking at the gbp/usd chart today… may 15 2009…
price fluctuating between 1.5160 and 1.5190 like normal…

then at GMT 09.55am the price went up to 1.5565 … i happened to see it,entered a short order, literally 2 seconds later the price went to 1.5174 … i closed the order and made 391 pips in 2 seconds!

now can anyone explain to me is this a glitch? what causes a huge jump like this? and how can i catch them?

cheers,
adriahn

2

well you said you grabbed 391 pips. so seems you got it sussed.
i would give guiness a call if i was you.

btw i dont see that spike on my chart…who is your broker?

3

i use gomarkets … i’m in australia btw

i’ve only seen this ‘spike’ or ‘glitch’ once before … on the nzd/usd chart on 21 december 2008 - the price went from 0.57xx to 1.63xx then back to 0.57xx … that would have been a good ride to catch

so this is an unusual occurence? most people haven’t seen these ‘spikes’ before?

4

I’m thinking it’s a glitch, and I wouldn’t be surprised if they asked for their pips back.

5

I’ve never seen a spike that large ever. That’s crazy.

Could be a glitch, could be a hoax or some shady activity, who the hell knows.

6

I’ve seen the occasional glitch like this on Oanda and have been stopped out in my trade. They always give my money back and put me back in the trade. My guess is if you’re on the winning side, they would also take your winnings back.

7

Was this on your live account or a demo… If it was live, I wouldnt count on being paid out those 391pips. Sorry mate

8

if you want to SEE a visual…this is what they look like
lol

9

Imagine if you were so lucky and you bought 1000k of that pair (which would be pretty realistic: 5000$ investment on 200:1 leverage), just before the jump and put limit order for +390 pips and in just couple seconds you make 39000$ profit! That’s more than some people earn in a year hehe