Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#135,641
Jun 4, 2009 4:17pm Jun 4, 2009 4:17pm

4xHero
| Additional Username | Joined Apr 2009 | 111 Posts

Quoting fxbillie

Disliked

The down spike in GBPUSD this morning must be a wicked one. I longed it last night (London session) and set the stop loss to break even when the trade was 40 pips in profit. Went to sleep afterwards. Woke up this morning to a shock. My broker (FXCM) charged me 135 pips loss per lot below my stop, claiming the reason of slippage in news announcement. I can understand 30, even 50 pips slippage. But 135 pips is unheard of. Does anybody out there get hit with this slippage? If not, I need to find a way to challenge FXCM.

This totally takes away the...

Ignored

I would strongly recommend ACM out of switzerland...they are the best with the stops and its not an american company that trys to screw u like fxcm...AC-markets.com...check them out, they might ask for more paperwork then the rest but its worth the hasstle.

#135,642
Jun 4, 2009 4:21pm Jun 4, 2009 4:21pm

Instinct
| Joined Oct 2008 | Status: C.S Student | 51 Posts

Quoting fxbillie

Disliked

The down spike in GBPUSD this morning must be a wicked one. I longed it last night (London session) and set the stop loss to break even when the trade was 40 pips in profit. Went to sleep afterwards. Woke up this morning to a shock. My broker (FXCM) charged me 135 pips loss per lot below my stop, claiming the reason of slippage in news announcement. I can understand 30, even 50 pips slippage. But 135 pips is unheard of. Does anybody out there get hit with this slippage? If not, I need to find a way to challenge FXCM.

This totally takes away the...

Ignored

Man.. I think we all got hit by a slippage at some point, I defenitly remmeber my losses. I'm trying not to leave my trades open without a watchful eye since then.
Anyhow, I don't think there such thing as a 100% slippage protection..

#135,643
Jun 4, 2009 4:22pm Jun 4, 2009 4:22pm

jack.canadia
Joined Dec 2008 | Status: Conservative | 2,112 Posts

Quoting fxbillie

Disliked

The down spike in GBPUSD this morning must be a wicked one. I longed it last night (London session) and set the stop loss to break even when the trade was 40 pips in profit. Went to sleep afterwards. Woke up this morning to a shock. My broker (FXCM) charged me 135 pips loss per lot below my stop, claiming the reason of slippage in news announcement. I can understand 30, even 50 pips slippage. But 135 pips is unheard of. Does anybody out there get hit with this slippage? If not, I need to find a way to challenge FXCM.

This totally takes away the...

Ignored

Complain to the NFA

#135,644
Jun 4, 2009 4:23pm Jun 4, 2009 4:23pm

cdforex
| Joined Jun 2009 | Status: Trader | 141 Posts

Quoting 4xHero

Disliked

I would strongly recommend ACM out of switzerland...they are the best with the stops and its not an american company that trys to screw u like fxcm...AC-markets.com...check them out, they might ask for more paperwork then the rest but its worth the hasstle.

Ignored

I usedto work with ACM, they're really bad during news (spread goes to 8- 20 pips easy) and what I found unacceptable was that they trade against their clients. If you enter a long, they slip the quotes few pips against your position everytime... now it's only my experience (that lasted over 1 year). You can always get your own experience.

Better safe than sorry

#135,645
Jun 4, 2009 4:26pm Jun 4, 2009 4:26pm

4cfx
| Joined May 2009 | Status: Trader | 451 Posts

Hi Jack, any update on your views on cable? You know we really like your analysis.

#135,646
Jun 4, 2009 4:37pm Jun 4, 2009 4:37pm

4xHero
| Additional Username | Joined Apr 2009 | 111 Posts

Quoting cdforex

Disliked

I usedto work with ACM, they're really bad during news (spread goes to 8- 20 pips easy) and what I found unacceptable was that they trade against their clients. If you enter a long, they slip the quotes few pips against your position everytime... now it's only my experience (that lasted over 1 year). You can always get your own experience.

Ignored

i think they were rated second best broker to dukascopy, i have accounts in both, its just dukascopy turned into a bank and u need 50k to open an account with them.

#135,647
Jun 4, 2009 4:38pm Jun 4, 2009 4:38pm

4xHero
| Additional Username | Joined Apr 2009 | 111 Posts

Quoting 4cfx

Disliked

Hi Jack, any update on your views on cable? You know we really like your analysis.

Ignored

on this recent move down, my t/p shows at or about 1.60...jack what u think...

#135,648
Jun 4, 2009 4:41pm Jun 4, 2009 4:41pm

4cfx
| Joined May 2009 | Status: Trader | 451 Posts

Quoting 4xHero

Disliked

on this recent move down, my t/p shows at or about 1.60...jack what u think...

Ignored

Sorry, I'm not Jack but I think 1.60 before a significant retrace which will then lead us to 1.59.

#135,649
Jun 4, 2009 4:44pm Jun 4, 2009 4:44pm

ubaidahsan
| Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts

Quoting 4xHero

Disliked

on this recent move down, my t/p shows at or about 1.60...jack what u think...

Ignored

lucky u are i got 100 loss in 1 2 hour lol i went short from 6201 and SL was 50 pips first market hit that target and then i went long from 6140 and then market touched 6090

damn bad luck but now i will trade carefully...hey jake small question we need to put SL in every trade or in few trades

i got 2 losses in few mins and then market revert back to that position very bad please advice everyone

Ub

#135,650
Jun 4, 2009 4:56pm Jun 4, 2009 4:56pm

Faryad
| Joined May 2009 | Status: Trader | 614 Posts

any news ? cable again going down :S

#135,651
Jun 4, 2009 5:09pm Jun 4, 2009 5:09pm

4cfx
| Joined May 2009 | Status: Trader | 451 Posts

Goodnight everyone. Done for the day now. Have some changes to the chart I posted earlier based on conversations I had with some other guys. Will post tomorrow first thing.