Yesterday I played the inside bar on USD-ChF 4 hr chart. the price moved in my direction for good 42 pips (my target was 40). My sell stop was 1.0428 Take profit 1.0388 and Stop loss was 1.0464. Yet my account history shows -34.40 where as I think the trade went in my favor. Can some one shed some light on it. Thanks.
Yesterday I played the inside bar on USD-ChF 4 hr chart. the price moved in my direction for good 42 pips (my target was 40). My sell stop was 1.0428 Take profit 1.0388 and Stop loss was 1.0464. Yet my account history shows -34.40 where as I think the trade went in my favor. Can some one shed some light on it. Thanks.
On the feed I use the lowest level for that down move was 1.5386, but this was the "bid" price. The "ask" price at the same level would have been 1.5388 counting the 2 pip spread. So looks like your TP order (buy order which will be filled at "ask" price) got missed by just 1 pip.
.......!!!!!!!!!!!!!!!!!
Kinda confusing
Sorry if I confused you. What I meant was that the price you see on the chart is the bid price. Bid price is the one at which your sell orders are filled. The buy orders are filled at ask price which is slightly higher than bid price depending on the spread of broker. So for kalchain if the lowest price on chart was 1.5386 and he had a 3 pip spread at that time, then the lowest ask price would have been 1.5389...and so his tp order at 1.5388 would have been missed by 1 pip.
Hope this is clear.
