We will soon find out IF market shares (for ex via Gold / usdjpy) in
"The UN Secretary-General is "deeply concerned" that the Democratic People’s Republic of Korea (DPRK) has ended a moratorium on nuclear and missile tests,
Any early signs of opening price-gaps or better still Flash Crash ?
srce: Historical Data by the pros at Global-View.com
Minneapolis DRS2 15:33:20 GMT - 01/01/2020
In a perfect world, all players in "the market" would follow the same hours. Prices would move smoothly and without strange gaps, and stops would prevent catastrophic account losses.
The trading world ain't perfect. Some players move outside of "regular hours", and prices can move in very erratic ways. As traders have found in various flash crashes of the past, stops will not protect an account in case of disaster.
S*** happens. The only real protection one has is to be flat beforehand. Otherwise, you keep your leverage set so that you can handle a flash crash when it occurs.
It's a lot better to be looking for bargains after such an event, then to be crying to your broker (or your ATTORNEY) because of the MARGIN CALL that forex traders supposedly never get!
Mtl JP 15:18:26 GMT - 01/01/2020
Wednesday, January 1st, 2020
All markets are closed.
Thursday, January 2nd, 2020
Normal trading hours - all pairs.
GVI Forex14:58:52 GMT - 01/01/2020
Just be on alert for an opportunity if you have no positions when the market opens.
On the other hand
Odds do not favor a repeat as brokers are on alert but I know of accounts being wiped out by last year’s flash crash so it would be foolish to ignore the risk. That was a time when a stop was not a stop.
In the world of electronic trading you must be aware of times when liquidity can disappear as there are no true market makers left.
Mtl JP 14:47:42 GMT - 01/01/2020
On Alert for a Flash Crash
winners and losers
GVI Forex 12:01 - what exactly is the practical n tactical purpose of your post:
While market is closed and no access to account, exactly and specifically how do you suggest the $5600 average account retail trader
a) take advantage OR
b) even IF they have say 15 / 30 pip sl already mitigate getting wiped out
because , as for example Oanda states about STOP LOSS ORDERS: A stop-loss order is a defensive mechanism used to protect against further losses. It automatically closes an open position when the exchange rate moves against you and reaches the level you specified. For example, if you are long USD/JPY at 109.58, you could set it at 107.00 - if the bid price falls to this level the trade will close automatically.
Stop-loss orders can only restrict losses, they cannot prevent losses. Trades are closed at the current market rate, in a fast moving market there may be a gap between this and the stop-loss rate you had set. (bold is my own emphasis)
GVI Forex12:01:50 GMT - 01/01/2020
Brokers likely to be on alert when fx market reopens
On January 2, 2019, a flash crash was seen in the value USDJPY and AUDUSD, which dropped more than 4% in a few minutes. It was the USD lowest level against the Yen and AUD against USD since March 2009. The USDJPY and AUDUSD recovered much of its value in the next few minutes....Wikiiedia
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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