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lose my shirt with news?

  • #1
  • First Post: Edited 2:16pm Jun 12, 2007 11:52am | Edited 2:16pm
I'm not a seasoned vet here and want some opinions. I'm not a news trader. but am concerned of the news comes out on one of my swing or position trades and moves 300 pips fast, so fast, it goes right through my stop loss. how often does this happen?

check this chart out on ibfx, the funny thing is thing is that it didn't happen on nf chart???
sp
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  • #2
  • Jun 12, 2007 11:57am Jun 12, 2007 11:57am
Quoting sp123
I'm not a seasoned vet here and want some opinions. I'm not a news trader. but am concerned of the news comes out on one of my swing or position trades and moves 300 pips fast, so fast, it goes right through my stop loss. how often does this happen?

check this chart out on ibfx, the funny thing is thing is that it didn't happen on nf chart??? about 200 pips???

sp
sp that is just a bad price feed, that didnt actually occur
  • #3
  • Jun 12, 2007 12:02pm Jun 12, 2007 12:02pm
Quoting mbqb11
sp that is just a bad price feed, that didnt actually occur
this too?
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  • #4
  • Jun 12, 2007 12:04pm Jun 12, 2007 12:04pm
Quoting sp123
this too?
yep, sometimes if u redownload the data it fixes that, you can manually fix that stuff also
  • #5
  • Jun 12, 2007 12:16pm Jun 12, 2007 12:16pm
Quoting mbqb11
yep, sometimes if u redownload the data it fixes that, you can manually fix that stuff also



what's the worst case scenario with news? in other words, how many pips can a news event move (i mean fast, like through u'r stop loss to the point u can't get out)? 300? more?

  • #6
  • Jun 12, 2007 12:48pm Jun 12, 2007 12:48pm
I once got hit for about 40 pips slippage on retail sales GBP data.

Quoting sp123



what's the worst case scenario with news? in other words, how many pips can a news event move (i mean fast, like through u'r stop loss to the point u can't get out)? 300? more?

  • #7
  • Jun 12, 2007 1:10pm Jun 12, 2007 1:10pm
Anyone remember the Monday morning about 3-4 years ago when the GBP gapped down 150 pips? It was after they found that Brit dead of a supposed suicide, the one that was blowing the whistle on Blair and the Gulf War? I got stopped out on that one, lol. The best part was it filled the gap by the end of the session. That was the biggest and fastest move I've seen in the last 5 years.
  • #8
  • Jun 12, 2007 6:42pm Jun 12, 2007 6:42pm
I've never seen a spike that didn't correct itself within a day or two -- or three. They are virtually always based on news. Remember last Thanksgiving when gbp/jpy went berserk?
  • #9
  • Last Post: Edited 7:36pm Jun 12, 2007 7:15pm | Edited 7:36pm
Quoting TradurGurl
I've never seen a spike that didn't correct itself within a day or two -- or three. They are virtually always based on news. Remember last Thanksgiving when gbp/jpy went berserk?
TradurGurl,

i looked at the gbp/jpy chart in nov and didn't see anything wild, what happened then?
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