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  • #541,661
  • Sep 21, 2011 2:08pm Sep 21, 2011 2:08pm
Quoting johnnyrei
Please advise me on what should I do - i'm currently on the chat with my broker - the say it was opened spread or something. Please advise me on what to say. Anyone who has xperience - please advise me. My broker is Sunbirdfx. Thank you.
is that your $100 free account ? lol
  • #541,662
  • Sep 21, 2011 2:09pm Sep 21, 2011 2:09pm
this is awesome!!!
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  • #541,663
  • Sep 21, 2011 2:09pm Sep 21, 2011 2:09pm
Quoting Raghu_C
is that your $100 free account ? lol
Helpful.

Karma's a bitch.
  • #541,664
  • Sep 21, 2011 2:09pm Sep 21, 2011 2:09pm
Quoting kenfen69
Spread will completely widen during news, johnny...particularly FOMC...NFP etc. They may have acted like extra-bastards and clipped your stops, but you will have NO way of proving it.

You need two things... 1- a broker you trust 100%...or...2- to stay out of the market during such big events, particularly with tight stops.

Sometimes your stop could be within the spread if you set them too close...meaning...as soon as you enter...your trade will be stopped out immediately.

Sorry mate...all I can say for now. Will keep an eye here for...
Thanks for help Kenf - so there is no chance I get some kind of rebate or so?
  • #541,665
  • Sep 21, 2011 2:14pm Sep 21, 2011 2:14pm
Quoting johnnyrei
Thanks for help Kenf - so there is no chance I get some kind of rebate or so?
Unfortunately...when it is FOMC or NFP, or the like...not at ALL likely, my friend. Their ass will be covered in the fine print you signed when opening your account.

On the list I gave you above, there is a third option to remember for the future, too... 3- Reduce normal lot size and widen stops during those events, if you really want to play them.

And in fact...#1 is essential...then choose between #2 and #3 above for the big events.

Pity...happens to everyone at some point...at LEAST once. Take it as experience...try not to forget it, and move on.
  • #541,666
  • Sep 21, 2011 2:16pm Sep 21, 2011 2:16pm
Quoting Raghu_C
is that your $100 free account ? lol
nope - it's my 60K account - could have been 63 if this didn't happen..
  • #541,667
  • Sep 21, 2011 2:16pm Sep 21, 2011 2:16pm
Quoting kenfen69
Helpful.

Karma's a bitch.
i am always like this.
  • #541,668
  • Sep 21, 2011 2:17pm Sep 21, 2011 2:17pm
Quoting kenfen69
Unfortunately...when it is FOMC or NFP, or the like...not at ALL likely, my friend. Their ass will be covered in the fine print you signed when opening your account.

On the list I gave you above, there is a third option to remember for the future, too... 3- Reduce normal lot size and widen stops during those events, if you really want to play them.

And in fact...#1 is essential...then choose between #2 and #3 above for the big events.

Pity...happens to everyone at some point...at LEAST once. Take it as experience...try not to forget...
Thank you. I feel better now.. lesson learned..
  • #541,669
  • Sep 21, 2011 2:18pm Sep 21, 2011 2:18pm
Quoting johnnyrei
nope - it's my 60K account - could have been 63 if this didn't happen..
you must place order before the news SL at strong BE ( 1h ) do it next time, dont worry there is another trade.
  • #541,670
  • Sep 21, 2011 2:18pm Sep 21, 2011 2:18pm
Quoting Motion
The FED sees downside risk to the economy. Stocks go down on the "Operation twist" sending the dollar up. How long will that last??? Is it an action or a re-action???
Hi motion,

dow is racing back up from support level, but im staying out of the dow trade now. its definitely short term.
I suggest we all go back to our charts, determine current levels, and see what can happen.
Have I got something on my face, SOLDIER?
  • #541,671
  • Sep 21, 2011 2:19pm Sep 21, 2011 2:19pm
Quoting Raghu_C
you must place order before the news SL at strong BE ( 1h ) do it next time, dont worry there is another trade.
Yeah, you're right... (btw karma's real biatch )
  • #541,672
  • Sep 21, 2011 2:20pm Sep 21, 2011 2:20pm
Quoting johnnyrei
Oh man - my broker is shite! I went short at 1.3782 - had stop loss at 1.3800. my broker stopped me at 1.38011 - and the price got to 1.3796 only.. Really disappointed...
that is some serious shit man!!!

anyway as floyd gayweather says - protect yourself at all times guys!! put stop loss

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  • #541,673
  • Sep 21, 2011 2:21pm Sep 21, 2011 2:21pm
Quoting Raghu_C
i am always like this.
Fantastic.

Take care.
  • #541,674
  • Sep 21, 2011 2:22pm Sep 21, 2011 2:22pm
Quoting johnnyrei
Please advise me on what should I do - i'm currently on the chat with my broker - the say it was opened spread or something. Please advise me on what to say. Anyone who has xperience - please advise me. My broker is Sunbirdfx. Thank you.
Here's the idea Johnny. Get the documents your broker gave you when you opened your account. It could be electronic formats. Look for the one that says "Terms and Conditions" or anyone close to "Trading charges". Make sure it doesn't say something about the broker widening the spread at will.

Here's the logic, there's something called "spread widening". It's a tool used by some brokers to sustain and keep scalpers under check during very volatile trading periods such as when big news such as the FOMC is released. If this feature is utilized by your broker, the spread on the EUR/USD at that time might have widened to 5pips plus for instance. So logically, at the point where the price was 3796 on bid, your stop loss was a buy order and would be reading the ask as 3801. That way, you were stopped out. The only way you can file a complain and get your money back is if your broker did not mention such in the contract agreement.

I guess you should understand the idea now. If there's any way I could help more, please let me know.

All the best.
Don't just beat the markets, leave bruises.
  • #541,675
  • Sep 21, 2011 2:23pm Sep 21, 2011 2:23pm
Quoting johnnyrei
Thank you. I feel better now.. lesson learned..
Cheers mate. Dust yourself off...saddle up. Doesn't sound like you lost too much. Don't be worrying about the profit you COULD have made out of it...plenty more of that down the road.

Cheers johnny...catch you soon, mate.
  • #541,676
  • Sep 21, 2011 2:26pm Sep 21, 2011 2:26pm
Quoting EM_sHaRiNgAn
this is awesome!!!
Wish i could say that too ...f@ck!

Everything was right except f@ckin' stop loss.

F@ck!
  • #541,677
  • Sep 21, 2011 2:27pm Sep 21, 2011 2:27pm
Quoting Motion
Here's the idea Johnny. Get the documents your broker gave you when you opened your account. It could be electronic formats. Look for the one that says "Terms and Conditions" or anyone close to "Trading charges". Make sure it doesn't say something about the broker widening the spread at will.

Here's the logic, there's something called "spread widening". It's a tool used by some brokers to sustain and keep scalpers under check during very volatile trading periods such as when big news such as the FOMC is released. If this feature is utilized...
Gr8! I'll look it up mate - cheers!
  • #541,678
  • Sep 21, 2011 2:27pm Sep 21, 2011 2:27pm
Quoting micho
a huge dark cloud followed by a huge bullish engulfing... complete deception
3620 is comming...
where are you gonna to set your stop orange boy?
  • #541,679
  • Sep 21, 2011 2:31pm Sep 21, 2011 2:31pm
Quoting johnnyrei
Wish i could say that too ...f@ck!

Everything was right except f@ckin' stop loss.

F@ck!
i just closed mine for 130 pips man!!! they've got to pay you $ 3k man!!
  • #541,680
  • Sep 21, 2011 2:31pm Sep 21, 2011 2:31pm
it seem quiet without FOREXBOOM..no more show..dont u guys think so??
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