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  • #15,701
  • Jan 17, 2018 11:19am Jan 17, 2018 11:19am
Quoting COGSx86
{quote} When the market goes from 0-70, there is no 20! The market steps over 20. If your gonna hold during FF Red NEWS remove your SL, and expect large price swings like this. But also remember you might not be on the right side of the move. If your trading with a 20p SL my advice would be to not hold positions during RED news events.

If the market had stepped over 20, his chart would show a gap. It doesn't.
The stop simply wasn't filled. It's time to change brokers.
  • #15,702
  • Jan 17, 2018 12:06pm Jan 17, 2018 12:06pm
I will look at the questions of the thread tonight and try to answer.

For those who have been slipped by about 70 pips quit your broker right away. Switch to Oanda. * I don't work for them.
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  • #15,703
  • Jan 17, 2018 12:06pm Jan 17, 2018 12:06pm
Quoting billbss
{quote} If the market had stepped over 20, his chart would show a gap. It doesn't. The stop simply wasn't filled. It's time to change brokers.

Just think of volume at that price( any price), with or without news. If not enough volume is available to fill his price, at that price, how then would his order be filled?

Now regarding NEWS, depending on the broker, his account type, broker server speed, his connection speed. When price moves 1000 ticks in the matter of 2 seconds, do you really expect your orders to get filled?
Learn, a forex trader must, unlearn and relearn he will.
  • #15,704
  • Jan 17, 2018 12:13pm Jan 17, 2018 12:13pm
Thanks guys all your feedback. I'm 100% sure market didn't jump 70 odd pips down with any gap.

I am using Admiral markets UK.I just sent a email to them .Will see what they going to tell and update you.
  • #15,705
  • Jan 17, 2018 12:16pm Jan 17, 2018 12:16pm
Quoting Tony112
I will look at the questions of the thread tonight and try to answer. For those who have been slipped by about 70 pips quit your broker right away. Switch to Oanda. * I don't work for them. {image}

Thanks tony.Looks like time to change the broker.
  • #15,706
  • Jan 17, 2018 12:27pm Jan 17, 2018 12:27pm
  •  Baldi
  • | Joined Jan 2007 | Status: Reading news and comments... | 77 Posts
Quoting COGSx86
{quote} Just think of volume at that price( any price), with or without news. If not enough volume is available to fill his price, at that price, how then would his order be filled? Now regarding NEWS, depending on the broker, his account type, broker server speed, his connection speed. When price moves 1000 ticks in the matter of 2 seconds, do you really expect your orders to get filled?
Liquidity providers did not provided the liquidity actually. They have shrinken the available volume to nearly zero before the NEWS. Even the other market participants did not enter to the market before the news. This was - I think - the biggest calendar event of the week, everybody wanted to be on the proper side AFTER the move. I think the big spike was initiated by a bigger buyer who activated to stops from the million stradle strategy orders above the price. There was no liquidity, price went up then down immediatelly.

It was a very wise decision by Tony to ban such events! It can save the capital for the next, profitable trades!
  • #15,707
  • Jan 17, 2018 12:32pm Jan 17, 2018 12:32pm
I'm going to try AUD employment tonight.
I hope it will be a little tamer than that mess this morning.
Going Long AUDUSD by the way.
  • #15,708
  • Jan 17, 2018 10:34pm Jan 17, 2018 10:34pm
Quoting Tony112
I will look at the questions of the thread tonight and try to answer. For those who have been slipped by about 70 pips quit your broker right away. Switch to Oanda. * I don't work for them. {image}
Hi Tony, may I know how much did your SL got slipped?
  • #15,709
  • Jan 23, 2018 9:06am Jan 23, 2018 9:06am
Hey guys I'm about to start this system I love trading the news, just curious how many events y'all are trading per month on average?
  • #15,710
  • Jan 23, 2018 5:15pm Jan 23, 2018 5:15pm
Tony,
Any pointers on which news to trade the rest of the week?
Thanks
  • #15,711
  • Jan 23, 2018 5:18pm Jan 23, 2018 5:18pm
Quoting JTexclusive
Hey guys I'm about to start this system I love trading the news, just curious how many events y'all are trading per month on average?
Hard to say. Tony recently said not to trade any more interest rate related news.
That might leave two or three a week.
  • #15,712
  • Jan 24, 2018 2:35am Jan 24, 2018 2:35am
So mostly trading NFP CPI GDP news now?
  • #15,713
  • Jan 24, 2018 3:20am Jan 24, 2018 3:20am
I finally got an answer from the broker. They are saying there is a gap had happened on the market during the news that's why it was close with slippage but I'm confidant that market didn't made 70 pip gap during the news. mt4 chart didn't show that as well.

Anyway Will try one more time with the broker & see what they will do. If they do same again Will move the broker.
  • #15,714
  • Jan 24, 2018 9:55am Jan 24, 2018 9:55am
Quoting JTexclusive
So mostly trading NFP CPI GDP news now?
Yep- employment, retail sales, GDP, etc. Anything but interest rates.
  • #15,715
  • Jan 24, 2018 10:00am Jan 24, 2018 10:00am
Quoting piphunter123
I finally got an answer from the broker. They are saying there is a gap had happened on the market during the news that's why it was close with slippage but I'm confidant that market didn't made 70 pip gap during the news. mt4 chart didn't show that as well. Anyway Will try one more time with the broker & see what they will do. If they do same again Will move the broker.
If they do it again, it could wipe you out.

Oanda slipped me about 30 or 40 pips on my SL once. I watched it happen and saw the loss register on my account.
Within less than a minute, they corrected it and returned my money. I never figured out what happened and it only happened once.
  • #15,716
  • Jan 24, 2018 11:09am Jan 24, 2018 11:09am
Quoting billbss
{quote} If they do it again, it could wipe you out. Oanda slipped me about 30 or 40 pips on my SL once. I watched it happen and saw the loss register on my account. Within less than a minute, they corrected it and returned my money. I never figured out what happened and it only happened once.
I got slipped by oanda by 13.5pips on cad interest rate, I thought most guys say they don't slip much usually around 3-4pips. They didn't refund me though.
  • #15,717
  • Jan 24, 2018 11:31am Jan 24, 2018 11:31am
Quoting nekydo
{quote} I got slipped by oanda by 13.5pips on cad interest rate, I thought most guys say they don't slip much usually around 3-4pips. They didn't refund me though.
Which pair were you trading? USD/CAD?
Did you ask them to refund it?
  • #15,718
  • Edited 5:02pm Jan 24, 2018 3:59pm | Edited 5:02pm
Just got screwed by Oanda on NZD news- Trying to call them now. I'll fill u in when I'm finished.

I shorted the NZDUSD a few seconds before news time.

Price dropped like a rock- straight down when the news was released. I should have made money- quite a bit.
I was immediately stopped out 18 pip SL. Price never went close to there. I had the ask line showing so I could see if the spread was widening. It wasn't.
I got screwed. No more for me.
Good luck to everyone.
  • #15,719
  • Jan 24, 2018 5:20pm Jan 24, 2018 5:20pm
Quoting billbss
Just got screwed by Oanda on NZD news- Trying to call them now. I'll fill u in when I'm finished. I shorted the NZDUSD a few seconds before news time. Price dropped like a rock- straight down when the news was released. I should have made money- quite a bit. I was immediately stopped out 18 pip SL. Price never went close to there. I had the ask line showing so I could see if the spread was widening. It wasn't. I got screwed. No more for me. Good luck to everyone.

Bill, on your chart, select (Min/Max) instead of (Candle) You will see that the spread was widened.
Invest in alarm clocks
  • #15,720
  • Jan 24, 2018 5:47pm Jan 24, 2018 5:47pm
Quoting Tony112
{quote} Bill, on your chart, select (Min/Max) instead of (Candle) You will see that the spread was widened.
I have MT4- Where is the Min/Max? Don't see it.
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