I just thought it would be of use to illustrate this.
Notice the 40 PIP difference or so on the longest candle when the spike happened, stuff like that just does happen, not very often but it does.
I know Oanda charts are based on average price and MT4 on bid price, but I don’t think this was the case in this instance, it’s just what the different brokers were quoting at that time which lasted a few seconds.
Oh yes and don’t forget - this is comparing the market, not the meerkat!
Probably oanda couldn’t get that price off the market so they didn’t offer it.
There is a lot of arbitrage trading going on and if prices move that fast that huge I guess those arbitrage traders will have a hard time to deliver for equal prices. Shows also that traders fulfill a very useful function in the markets. Without those, the price would differ even at slow motion prices.
That’s… really scary, in a way.
Especially insofar as spreads can suddenly change too.
The spreads went a little crazy from broker to broker during that last flurry as well. That likely accounts for a bit of that.
I was watching the charts and quote panel at the minute market spiked on Oanda.The spread did not change in that minute or next couple minutes.I was on buy twice before the spike on Euro, but dare say did not partake in festivites.
Oanda wasn’t the one I was referring to.
The one on the left is markedly different, with a lower ask.
That one is the higher spread suspect with most likely a large difference between bid and ask at the top of the range there.
It all depends on the feeds, and the orders at the time.
Looking at the situation at the time, that was a 140 to 150 pip one minute candle, and even higher depending on the broker.
All kinds of odd things occur in a moment like that. Including spread widening, and price gaps.
Orders don’t get filled one way or the other. A lot of accounts probably popped with the final push down on the CHF as there was a very large gap.
Crazy stuff…
and yet I was sucking up 80+ pips off AUD/USD and stayed far away from that mess
Your point being?