I've been wondering lately, what *exactly* happens in the real world to precipitate a huge movement? It's safe to assume it's people buying or selling, of course... but that happens all day, too. And I can understand how a big movement keeps building momentum once underway if others jump on board, as limit orders are fulfilled, or stops are triggered, etc. But even that doesn't occur till the movement has proved to be a big enough push in either direction, correct?
So my main question still comes down to, is there usually a singular event that causes sudden breakouts like this? I'm linking to an image attached by another user BoredToLoose in the EURUSD Trading thread in reference to the drop on March 27 at around 08:00 on his chart. Is there any particular reason that dropped was that severe at that exact time? Why not at 07:16 or 08:28 or some other random time? Why did it occur *right* when it did? Of course, I understand lots of crazy movements are usually preceded by some sort of news, and that makes sense. But there also sometimes seem to be totally random breakouts that occur at random moments out of nowhere. I'm just wondering if, in real life, there isn't usually one individual out there that's responsible for initiating these chain reactions that grow into huge movements at their whim sometimes...
http://www.forexfactory.com/attachme...1&d=1238149217
So my main question still comes down to, is there usually a singular event that causes sudden breakouts like this? I'm linking to an image attached by another user BoredToLoose in the EURUSD Trading thread in reference to the drop on March 27 at around 08:00 on his chart. Is there any particular reason that dropped was that severe at that exact time? Why not at 07:16 or 08:28 or some other random time? Why did it occur *right* when it did? Of course, I understand lots of crazy movements are usually preceded by some sort of news, and that makes sense. But there also sometimes seem to be totally random breakouts that occur at random moments out of nowhere. I'm just wondering if, in real life, there isn't usually one individual out there that's responsible for initiating these chain reactions that grow into huge movements at their whim sometimes...
http://www.forexfactory.com/attachme...1&d=1238149217