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  • #535,221
  • Sep 6, 2011 6:59pm Sep 6, 2011 6:59pm
Quoting mohan76
GM my friend,
just got up , where we going ?
Asia will probably take out weak short stops above 4035 to 4060. I'll be selling into those if lack of strength is there.

Dont get caught with your pants down on UJ either, if BOJ wants to bring the Yen down a bit today would be the perfect day.
  • #535,222
  • Sep 6, 2011 7:01pm Sep 6, 2011 7:01pm
Quoting tuck
Hi all

This is my 1st post here, am seeking advice on slippage issues
I went long eurusd at 0400 NY time 6 Sep at 1.4118, then at 0402-0403, the SNB decision about eurchf rate came out, price of eurusd shot up 100+ pips, basically the pip count went past my initial tgts by a lot. I tried to close my trades as market orders, and got slipped abt 30+ pips (my p/l statement showed only X amt as profit, but according to the mkt price that I closed at, it shd be X + Y amt)

I contacted my broker (a big company with U.S. and Canada Offices) and...
slippage normal for market order, if it middle of intervention specially yesterday intervention/peg slippage of 500+ (on euchf ) too normal , but if you had limit order they can only fulfill slippage in your favor (on your tp or extra pip )

SL is market order , tp is limit order
Mohan
  • #535,223
  • Sep 6, 2011 7:06pm Sep 6, 2011 7:06pm
Quoting Sonofsin5
Asia will probably take out weak short stops above 4035 to 4060. I'll be selling into those if lack of strength is there.

Dont get caught with your pants down on UJ either, if BOJ wants to bring the Yen down a bit today would be the perfect day.
i am not going to play against central bank
Mohan
  • #535,224
  • Sep 6, 2011 7:09pm Sep 6, 2011 7:09pm
Greetings to everyone!!!

Hope doing well in EURUSD Forex Trading... trade what you see... neither BULL nor BEAR...uuuuu.

Thanks a lot..


Best Regards:
SirBMDC
  • #535,225
  • Sep 6, 2011 7:11pm Sep 6, 2011 7:11pm
Quoting mohan76
slippage normal for market order, if it middle of intervention specially yesterday intervention/peg slippage of 500+ (on euchf ) too normal , but if you had limit order they can only fulfill slippage in your favor (on your tp or extra pip )

SL is market order , tp is limit order
Thanks for the quick reply!!

As per your reply, does it mean that it is normal that during news release, if the price moves against me, my stoploss might be rendered useless as there might be huge slippage, and that I might lose up to 100+ pips more than what I expected to lose as per my stoploss?
  • #535,226
  • Sep 6, 2011 7:20pm Sep 6, 2011 7:20pm
Quoting mario83
I dont want to be with retail traders where majority loose their deposits. SMA5 bearish, m5 bearish, PA bearish. M15 bearish, why do you want to go long at this situation? Just made another lower high, lower low. H1 / h4/ daily still in downtrend... why do you want to go against the trend and "teach that market a lesson" ?

22 pips lower since penetration claimed to go long for asian session...
I am right there with ya my friend. I like to follow the giants not he mice. I've been short since around 1.45 closed out today @ 1.4004.
Live to Trade FX - Trade FX to Live
  • #535,227
  • Sep 6, 2011 7:23pm Sep 6, 2011 7:23pm
currently waiting on a bounce to execute more shorts. eu is in for a beating until they a way to implement a universal financial policy for the eurosone
Live to Trade FX - Trade FX to Live
  • #535,228
  • Sep 6, 2011 7:28pm Sep 6, 2011 7:28pm
Quoting mohan76
slippage normal for market order, if it middle of intervention specially yesterday intervention/peg slippage of 500+ (on euchf ) too normal , but if you had limit order they can only fulfill slippage in your favor (on your tp or extra pip )

SL is market order , tp is limit order
Yeeper, 30 pips is not all that bad really when the markets moving fast. Most brokers and there liquidators cant fill all demands to the tee.

I have got may ass kick by slippage and by widing spreads (sucked into a buy order with a huge spread blew thru my SL to go 200 pips south). Luckily I got my cash back, I was trading for a group 'a institution' and they went to bat for me. Now as a individual retailer, we have not to much pull.

Spikes happen, slippage happens, stop hunting...Stick to your guns always

Regards
  • #535,229
  • Sep 6, 2011 8:04pm Sep 6, 2011 8:04pm
Australian GDP in 30 mins if it good /on expectation it will take stops
Mohan
  • #535,230
  • Sep 6, 2011 8:16pm Sep 6, 2011 8:16pm
Quoting Chillypiper
Yeeper, 30 pips is not all that bad really when the markets moving fast. Most brokers and there liquidators cant fill all demands to the tee.

I have got may ass kick by slippage and by widing spreads (sucked into a buy order with a huge spread blew thru my SL to go 200 pips south). Luckily I got my cash back, I was trading for a group 'a institution' and they went to bat for me. Now as a individual retailer, we have not to much pull.

Spikes happen, slippage happens, stop hunting...Stick to your guns always

Regards
Aint that the truth, brokers are the biggest enemy

Did get some brit pips from the swissy affair,, she was the biggest loser of pairs I watching 240 -250 pips, ended a nice little "scalp" not all, just a nice chunk, usd strength compounded by pound weakness, she was best of bunch, others average 130 - 145, they may balance out today will have to wait and see, have to go hospital, BBL

Trade safe bro
If you are new to Forex? Say Goodbye to your account!!
  • #535,231
  • Sep 6, 2011 8:19pm Sep 6, 2011 8:19pm
Shit Mate, good show! Hope all is well!

Quoting KiwiTrada
Aint that the truth, brokers are the biggest enemy

Did get some brit pips from the swissy affair,, she was the biggest loser of pairs I watching 240 -250 pips, ended a nice little "scalp" not all, just a nice chunk, usd strength compounded by pound weakness, she was best of bunch, others average 130 - 145, they may balance out today will have to wait and see, have to go hospital, BBL

Trade safe bro
  • #535,232
  • Sep 6, 2011 8:25pm Sep 6, 2011 8:25pm
todays biggest news : German Constitutional Court Ruling 1h after London open (expecting 100 - 200 pip move) .
Mohan
  • #535,233
  • Sep 6, 2011 8:35pm Sep 6, 2011 8:35pm
Quoting mohan76
todays biggest news : German Constitutional Court Ruling 1h after London open (expecting 100 - 200 pip move) .
will it make it go up or down 100-200....
  • #535,234
  • Sep 6, 2011 8:39pm Sep 6, 2011 8:39pm
Quoting petehnm
will it make it go up or down 100-200....
call judge and see you can find out early
Mohan
  • #535,235
  • Sep 6, 2011 8:40pm Sep 6, 2011 8:40pm
Quoting Chillypiper
Yes Sir! Good abservation. Now 550 pips+/- latter here we are.

Also, congrad's on your first stripe mate. Keep up the good work!
thanks mates~

special thanks to Kiwitrada...
Patience, Emotion Control and Discipline.
  • #535,236
  • Sep 6, 2011 8:40pm Sep 6, 2011 8:40pm
Indeed and the big question is can Germany say No !!

So money to be made on the theatre as we approach the decision and the market attempts to price in the risk according to rumout, inside info and the reading of many chicken bones......

.....and then once the news comes out, there could well be a big move, especially if its no (1.375 is my guess). The upside may be less muted and to some extent already in (and will be negated should Italy or Greece fail to hit pre-requisite austerity measures).
  • #535,237
  • Sep 6, 2011 8:41pm Sep 6, 2011 8:41pm
Quoting mohan76
GM my friend,
just got up , where we going ?
we bounce off strong support now..let see how far can we go
Patience, Emotion Control and Discipline.
  • #535,238
  • Sep 6, 2011 8:41pm Sep 6, 2011 8:41pm
Quoting mohan76
call judge and see you can find out early


lol....wish I could..
  • #535,239
  • Sep 6, 2011 8:42pm Sep 6, 2011 8:42pm
Quoting mohan76
todays biggest news : German Constitutional Court Ruling 1h after London open (expecting 100 - 200 pip move) .
what about it?

(edit: oh I know now....what do you think my friend?)
Patience, Emotion Control and Discipline.
  • #535,240
  • Sep 6, 2011 8:48pm Sep 6, 2011 8:48pm
Quoting petehnm
will it make it go up or down 100-200....
Ripple up, ripple down, then basically think 'whatever' and get back to doing what it was going to do anyway.
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