Open trading account 
Dear friends ,
Traders were caught unexpectedly on friday evening's market volatility.
Suddenly market had frenzied activity and stop losses got triggered on both sides in some pairs - for e.g. GBP/AUD,GBP/NZD,AUD/USD,etc.
We have experiened such situations previously but still every time it happens , we simply freeze when the market is moving in the opposite direction of our trade.The speed of the price movement makes us to hope for a reversal but most often markets reverse after hitting our stop losses.
Let us see GBP/NZD after 6pm on friday.
As usual , I am not able to write text on the chart. I have mailed Dukascopy many times but this chart options are not working.
If somebody knows , please tell.
But as you see this 5 min chart, in 5 mins. the pair move down 120 pips and moved up 160 pips in the next 10 mins. and again another 100 plus pips downside from there.
No wonder my stop loss got triggered even though i knew pair will go down , due to margin problem ,i have to square off at the top due to high leverage.
One practical tip is - sell a 100 pip rally or buy a 100 pip dip in the initial volatile period ( 50 pips for most other pairs ).This works very often in such huge whipsaw candles.
HAPPY TRADING,KUTTY.
Traders were caught unexpectedly on friday evening's market volatility.
Suddenly market had frenzied activity and stop losses got triggered on both sides in some pairs - for e.g. GBP/AUD,GBP/NZD,AUD/USD,etc.
We have experiened such situations previously but still every time it happens , we simply freeze when the market is moving in the opposite direction of our trade.The speed of the price movement makes us to hope for a reversal but most often markets reverse after hitting our stop losses.
Let us see GBP/NZD after 6pm on friday.
As usual , I am not able to write text on the chart. I have mailed Dukascopy many times but this chart options are not working.
If somebody knows , please tell.
But as you see this 5 min chart, in 5 mins. the pair move down 120 pips and moved up 160 pips in the next 10 mins. and again another 100 plus pips downside from there.
No wonder my stop loss got triggered even though i knew pair will go down , due to margin problem ,i have to square off at the top due to high leverage.
One practical tip is - sell a 100 pip rally or buy a 100 pip dip in the initial volatile period ( 50 pips for most other pairs ).This works very often in such huge whipsaw candles.
HAPPY TRADING,KUTTY.
