Could those be manipulations? | Forex Factory

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Could those be manipulations?

  • #1
  • First Post: Edited 8:55am May 7, 2024 8:40am | Edited 8:55am
Hi traders,
Yesterday night I put two trades on the IC Markets platform and ended up losing both, through very strange circumstances which I will explain below.

GBPJPY M30
I place a sell order at 22:09 (193.420) with a TP (193.211) 20PIPS. The price moved my way at 23:50 and went all the way down to (193.089) that's 6.5 PIPS below, but my TP was never triggered. Subsequently, price came back up and hit my SL and I made a loss of USD1406 on that particular trade. The question is why was my TP not triggered even after reaching 6.5 PIPS beyond?

AUDCHF M5
At 21:25 I put a sell order (0.60050) with TP set at (0.59985) 6.5 PIPS, and a SL at (0.60099). At 00.00 hr, my SL was hit although there was a gap down which have triggered my TP. It must be noted that there was no traces of price towards my SL. It was triggered in thin air. I loss USD556 on that trade.

Please see screenshot of both trades and I would be grateful if anyone could check and give me some advise as to what could have happened that I lost the two trades on IC Markets.

Thank you.

ClaudLepathy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYM302.png Size: 10 KB
Click to Enlarge Name: AUDCHFM5.png Size: 11 KB
Claud Lepathy
US30 Strategy B All Time Return: -88.8%
  • #2
  • May 7, 2024 11:21am May 7, 2024 11:21am
Quoting ClaudLepathy
Hi traders, Yesterday night I put two trades on the IC Markets platform and ended up losing both, through very strange circumstances which I will explain below. GBPJPY M30 I place a sell order at 22:09 (193.420) with a TP (193.211) 20PIPS. The price moved my way at 23:50 and went all the way down to (193.089) that's 6.5 PIPS below, but my TP was never triggered. Subsequently, price came back up and hit my SL and I made a loss of USD1406 on that particular trade. The question is why was my TP not triggered even after reaching 6.5 PIPS beyond? AUDCHF...

Have you taken into account the spread that is usually increased at this time of day?
I don't enter into any new trades at this time of day
best regards
  • #3
  • May 7, 2024 1:15pm May 7, 2024 1:15pm
Quoting ClaudLepathy
Hi traders, Yesterday night I put two trades on the IC Markets platform and ended up losing both, through very strange circumstances which I will explain below. GBPJPY M30 I place a sell order at 22:09 (193.420) with a TP (193.211) 20PIPS. The price moved my way at 23:50 and went all the way down to (193.089) that's 6.5 PIPS below, but my TP was never triggered. Subsequently, price came back up and hit my SL and I made a loss of USD1406 on that particular trade. The question is why was my TP not triggered even after reaching 6.5 PIPS beyond? AUDCHF...


Do you have a ECN or standart account?

Its the rollover spread, im sure it can reach 4-8x pips spread on those specific instruments.
But there still might be manipulation if you trade high lotsize and place a SL visible for the broker, it cant be dismissed.
Meaning purposfully increasing spreads during rollover a little more to hit your SL, i personally dont belive it, but its still a possibility.

Either way, during CFD rollover spreads can get pretty high, you can manually check the spreads during todays rollover in 45 min from now and see if they match yesterdays.
1k to 100k Copy Trading All Time Return: 367.9%
  • #4
  • May 7, 2024 3:37pm May 7, 2024 3:37pm
hello
at this time of the year, you trade on demo to test.
real ??? impossible or have no sl
  • #5
  • May 7, 2024 4:04pm May 7, 2024 4:04pm
Quoting ClaudLepathy
Hi traders, Yesterday night I put two trades on the IC Markets platform and ended up losing both, through very strange circumstances which I will explain below. GBPJPY M30 I place a sell order at 22:09 (193.420) with a TP (193.211) 20PIPS. The price moved my way at 23:50 and went all the way down to (193.089) that's 6.5 PIPS below, but my TP was never triggered. Subsequently, price came back up and hit my SL and I made a loss of USD1406 on that particular trade. The question is why was my TP not triggered even after reaching 6.5 PIPS beyond? AUDCHF...
read this post of mine from last year
Quoting Zebi
{quote} ok...im gona do this just once futures close at 5pm eastern time for 1 hour so some shitbag forex brokers like to use that time to fuck their own clients... look at the these charts from today at 4pm my time in chicago one is american oanda which is regulated and will be punished for doin shady shit the other is pepperstone theyre one of the biggest douchbags... they always spread 20 or 30 pips to take stops this is just one way pepperstone and others try to screw their clients... american brokers dont or theyll get their legs broken ...
futures close for an hour so unregulated shitbag overseas brokers like to widen spreads and fook people

go to tradingview and look at all these brokers charts...american oanda since its regulated wont have such a wide spread after rollover on USD pairs when ny closes I don't trade crosses but I'm sure a regulated broker wont have such spreads either so stop playing with unregulated brokers and things like this wont happen to you
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short trump and go long the deepstate
  • #6
  • Last Post: May 7, 2024 4:18pm May 7, 2024 4:18pm
Quoting ClaudLepathy
Hi traders, Yesterday night I put two trades on the IC Markets platform and ended up losing both, through very strange circumstances which I will explain below. GBPJPY M30 I place a sell order at 22:09 (193.420) with a TP (193.211) 20PIPS. The price moved my way at 23:50 and went all the way down to (193.089) that's 6.5 PIPS below, but my TP was never triggered. Subsequently, price came back up and hit my SL and I made a loss of USD1406 on that particular trade. The question is why was my TP not triggered even after reaching 6.5 PIPS beyond? AUDCHF...
this is a complaint a lot make approx. 30 mins before market close and on open can widen even more , it is normal on icmarkets or any other broker to play with the spread , experienced traders know this and icmarkets do warn you that it does happen in the paperwork which most dont read , so if your trade was in that period it was at risk not to be taken , it is a sad think but you need to train yourself to move the tp so the trade can be taken , nothing to see here
people leave, but this thread will go on for ever
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