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  • #41
  • Sep 8, 2006 8:20am Sep 8, 2006 8:20am
NorthFinance performed pretty well on this news...But last week right at NFP news, they went down...saying the servers were attacked...

Sorry to be out of topic here...

Quoting BurgerKing
My NorthFinance was able to enter me at my price. They were far better. Sure I am getting out of GFT with a loss; better that way than to loose all my money.

  • #42
  • Sep 8, 2006 8:44am Sep 8, 2006 8:44am
Quoting wallym
NorthFinance performed pretty well on this news...But last week right at NFP news, they went down...saying the servers were attacked...

Sorry to be out of topic here...
yes , attacked from the traders ...
  • #43
  • Sep 8, 2006 8:55am Sep 8, 2006 8:55am
I would love to know who got filled on thier orders on the CAD today (during the spike). At what price and with what broker.

I used MB Trading Stop limit order at 1125 and did not get filled.

Let's hear from everyone who tried.
Profit is where readiness meets Opportunity
  • #44
  • Sep 8, 2006 9:07am Sep 8, 2006 9:07am
Quoting FXopportunist
I would love to know who got filled on thier orders on the CAD today (during the spike). At what price and with what broker.

I used MB Trading Stop limit order at 1125 and did not get filled.

Let's hear from everyone who tried.
i did not traded it, but i have the complete tick and also level 2 data from MBT live account. your stop and your limit price was the same @ 1.1125 ? and at what time was your entered/confirmed by the server?
I'm not insane; my mother had me tested.
  • #45
  • Sep 8, 2006 9:08am Sep 8, 2006 9:08am
I'm with FXCM. I opened 10 lots and made 14 pip.

I got filled at the price asked which was 1.1121 and got out at 1.1135. I tried to to close the trade at 1.1147 but it got rejected and they offered to close at 1.1135 which I did because of the sudden wild retrace afterwards!

Look where it trades now. I which I was more patient. Could have made a killer...
  • #46
  • Sep 8, 2006 9:58am Sep 8, 2006 9:58am
Forex.com- I placed an order at 1125, got filled at 1135. Did not know where I was filled until 30 seconds later. Lost 4 pips
  • #47
  • Sep 8, 2006 10:00am Sep 8, 2006 10:00am
Quoting trucco
burgerking,

what was the price when you saw that your order was executed ?
The price was swinging around high 1.1120 to low 1.1130. At this time, I said to myself, SHIT I may get a looser and decided to cancel it. BUT I was too late as GFT then and there ENTERED me at 1.1140.

Mind you this is already 7:02,. How I know? My NF position was closed at 7:02 and my GFT order is still not there.

GFT delayed the execution, so they know that 1.1140 is the worst price for the traders. Entered us all at 1.1140 and claim price simply JUMP. Then they claim there was not enough MARKET... Not enough market implies they dont have enough liquidity partners and therefore, they are not the better broker to deal with. perhaps they only have 1 BANK partner... thats lousy!
  • #48
  • Sep 8, 2006 10:01am Sep 8, 2006 10:01am
Quoting ZedHashPip
I'm with FXCM. I opened 10 lots and made 14 pip.

I got filled at the price asked which was 1.1121 and got out at 1.1135. I tried to to close the trade at 1.1147 but it got rejected and they offered to close at 1.1135 which I did because of the sudden wild retrace afterwards!

Look where it trades now. I which I was more patient. Could have made a killer...
Its very difficult to close it that way.

Best is to move your STOP up and keep moving it up! They honor the stop to the letter!

DARN! Sorry guys. I am soo pissed I could not find the energy to review historic chart for next week news! I am currently locked in searching for a better news broker. Wished I still have that FXCM account for this piece of news huh??
  • #49
  • Sep 8, 2006 10:14am Sep 8, 2006 10:14am
I used Forex.com also to trade this news. I reviewed the news and the numbers before the release and decided to go long USD/CAD before the news spike. I usally place a reversal order if the trade goes in the other direction.

I managed to get 19 pips this way. BUT I admit it does not always work!!!
  • #50
  • Sep 8, 2006 10:42am Sep 8, 2006 10:42am
Quoting FXopportunist
I would love to know who got filled on thier orders on the CAD today (during the spike). At what price and with what broker.

I used MB Trading Stop limit order at 1125 and did not get filled.

Let's hear from everyone who tried.
I did:

Time Symbol Event Message Qty. Filled Orig Trader ID
06:56:36 USD/CAD Filled Buy 10000 USD/CAD Stop 1.1118 Limit 1.1128 on MBTX [expiring: 12/8/2006] (10000 traded at 1.1128) 10,000 ****
06:56:36 USD/CAD Session Open GTC session open
06:56:52 USD/CAD Cancelled Sell Short 10000 USD/CAD Stop 1.1098 Limit 1.1088 on MBTX [expiring: 12/8/2006] 0 ****
06:56:52 USD/CAD Session Open GTC session open
07:00:41 USD/CAD Executed Bought 10000 USD/CAD at 1.1128 ****
07:01:25 USD/CAD Cancel Cancel submitted ****
07:01:25 USD/CAD Order Cancelled Order successfully cancelled ****
07:01:52 USD/CAD Cancelled Sell 10000 USD/CAD Stop 1.1128 Limit 1.1132 on MBTX [expiring: 12/8/2006] 0 ****
07:01:52 USD/CAD Session Open GTC session open
07:02:00 USD/CAD Cancel Cancel submitted ****
07:02:00 USD/CAD Order Cancelled Order successfully cancelled ****
07:02:05 USD/CAD Cancelled Sell 10000 USD/CAD Stop 1.1128 Limit 1.1134 on MBTX [expiring: 12/8/2006] 0 ****
07:02:05 USD/CAD Session Open GTC session open
07:02:13 USD/CAD Cancel Cancel submitted ****
07:02:13 USD/CAD Order Cancelled Order successfully cancelled ****
07:02:21 USD/CAD Filled Sell 10000 USD/CAD @ 1.1135 Limit on MBTX [expiring: 12/8/2006] (10000 traded at 1.1135) 10,000 ****
07:02:21 USD/CAD Session Open GTC session open
07:02:21 USD/CAD Executed Sold 10000 USD/CAD at 1.1135 ****

MBTrading LIVE account... this is my 4th real trade
  • #51
  • Sep 8, 2006 10:46am Sep 8, 2006 10:46am
Quoting RoBiK
i did not traded it, but i have the complete tick and also level 2 data from MBT live account. your stop and your limit price was the same @ 1.1125 ? and at what time was your entered/confirmed by the server?
Hello RoBik,
Stop Limit order with stop at 1125 and limit at 1129. Yes it was confirmed by the server.

May have to give it a larger window in the future.
Profit is where readiness meets Opportunity
  • #52
  • Sep 8, 2006 10:49am Sep 8, 2006 10:49am
I usually straddle. Do brokers fill at a better price for market orders as oppose to limit orders
  • #53
  • Sep 8, 2006 11:07am Sep 8, 2006 11:07am
I missed the initial spike (woke up late) and saw the negative news here on FF for the CAD with small movement. I went Long at 1.1135 after I saw the move up at 8am EST. No slippage or anything like that with Oanda here.
  • #54
  • Sep 8, 2006 12:03pm Sep 8, 2006 12:03pm
Most people (especially those not using GFT) were happy to made wins today

Cheers to all of you and may you all do the same next week!
  • #55
  • Sep 8, 2006 1:55pm Sep 8, 2006 1:55pm
BurgerKing I wish you a good trading week also. Your advice and charts on past performance of news reports have been very helpful.
  • #56
  • Sep 8, 2006 2:00pm Sep 8, 2006 2:00pm
Quoting FXopportunist
Hello RoBik,
Stop Limit order with stop at 1125 and limit at 1129. Yes it was confirmed by the server.

May have to give it a larger window in the future.
yup, that was too tight. once your stop was activated (wich happens when the currency pair trades at or beyond the stop price), your bid (at the limit price) is placed into the market. but during news bids go up so fast, that when your bid hits the market, there are already higher bids present, so you won't get filled.
I'm not insane; my mother had me tested.
  • #57
  • Sep 8, 2006 2:28pm Sep 8, 2006 2:28pm
Quoting ngdaniel
Tuesday - US Trade Balance
Thursday - US Retail Sales
Friday - Core CPI

Can you look into my posting account regarding permissions to post on other sections of the forum? My account seems to lack to permissions for posting up to the minute news in the Forex News and Press.

Thanks.
I agree with Daniel that the valuable news trading is based on economic news. This time I followed Daniel's forecast on a demo account. I am still in that trade hoping the price will retrace in the next days.

So, the next experiment follows on Tuesday.
  • #58
  • Edited 4:55pm Sep 8, 2006 4:53pm | Edited 4:55pm
Quoting RoBiK
yup, that was too tight. once your stop was activated (wich happens when the currency pair trades at or beyond the stop price), your bid (at the limit price) is placed into the market. but during news bids go up so fast, that when your bid hits the market, there are already higher bids present, so you won't get filled.
I think I might have been filled if my Stop Limits were set closer to the market. By the time it got to my entry the price was really hauling a$&. I read someones post who said they got filled at 18. The only reason I was so far from the market was due to the slight widening of the spread that was occuring. I constantly try to adjust my strategy for the particular situation. The good thing about MB is the ability to choose between a possible slippage scenario and a potentioal no fill. I like this because you may want to get in with slipage if you think it is going to be a large move. Or, I may say this thing is only goin 40 pips and I don't want to be in if I don't get a good fill. That is a pretty darn good option to have. But hey, I would still love to have my cake and eat it too !
I do love to hear who got filled and in what scenario because I am sure that some liquidity situations are better than others and I will forever be looking for the best deal.
Profit is where readiness meets Opportunity
  • #59
  • Sep 8, 2006 5:58pm Sep 8, 2006 5:58pm
I had an entry order filled @ 1.1131. I had 3 lots. My stop loss was barely misses but missed none the less.

As it moved back up I set 2 lots with a trailing stop and made +24 pips with those two lots.

My final lot I set with a different method and got +50 pips with that lot.

My method may be different than most. But I have found that once my loss tolerance is set I don't hurry to get out. I just let it go. Many times it survives the retrace and becomes profitable.

If not, I lick my wounds but am still alive for another day.

Great Trade for me. 3 standard lots = $960.00 for one trade.

DC
"There is MORE Happiness in giving than receiving"
  • #60
  • Sep 8, 2006 6:38pm Sep 8, 2006 6:38pm
Quoting drcole1
I had an entry order filled @ 1.1131. I had 3 lots. My stop loss was barely misses but missed none the less.

As it moved back up I set 2 lots with a trailing stop and made +24 pips with those two lots.

My final lot I set with a different method and got +50 pips with that lot.

My method may be different than most. But I have found that once my loss tolerance is set I don't hurry to get out. I just let it go. Many times it survives the retrace and becomes profitable.

If not, I lick my wounds but am still alive for another day.

Great Trade for me. 3 standard lots = $960.00 for one trade.

DC
You have a clear mind to have thought of all these and a quick hand-eye coordination to pull it off!

You are definitely a winner!
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