Dollar Flash Crash - The HFT Algo boys are at it again. Last night, just when Forex trading was at it's sleepiest the algos saw a US$ vacuum and filled it with massive sells against the Euro.
They then completed the 150 pip move with an immediate buy back that took all of a few minutes.
Nice, quick and easy for the algo companies. !!!xxx!!! for the thousands of traders whose stops were hit, boosting the algos profits.
