Hi everyone,
I have been trying to research around but due to to the limited amount of information out there on the internet I was unable to find any information on what this situation is about: This is about a STP broker by the way, where they claim to be an STP broker.
I'll now describe briefly about the issue: I was short sterling to play a USD strength ahead of the September tapering expectations, where with just a very tight 11 pips stop, the trade size was large not the usual retail size so usually it'll take a bit longer to execute than the normal ones but anyways, I was short around 1.5975, and had a stop around 1.5986, however, once the news broke out and there was no tapering, cable was already at 1.6030-40, taking out all the stops at 1.6000, but my big sized short was able to actually be executed at my described 11 pips stop when prices were clearly higher.
Any idea what this is? Some suggests it's warehousing, what does that mean?
(Please dont ask me why I'm complaining about a better stop than market, I am concerned that stops are triggered at artificial prices, can be bucketing trades.)
I have been trying to research around but due to to the limited amount of information out there on the internet I was unable to find any information on what this situation is about: This is about a STP broker by the way, where they claim to be an STP broker.
I'll now describe briefly about the issue: I was short sterling to play a USD strength ahead of the September tapering expectations, where with just a very tight 11 pips stop, the trade size was large not the usual retail size so usually it'll take a bit longer to execute than the normal ones but anyways, I was short around 1.5975, and had a stop around 1.5986, however, once the news broke out and there was no tapering, cable was already at 1.6030-40, taking out all the stops at 1.6000, but my big sized short was able to actually be executed at my described 11 pips stop when prices were clearly higher.
Any idea what this is? Some suggests it's warehousing, what does that mean?
(Please dont ask me why I'm complaining about a better stop than market, I am concerned that stops are triggered at artificial prices, can be bucketing trades.)