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As simple as possible: 00 level trading

  • #10,601
  • Jul 15, 2014 7:55am Jul 15, 2014 7:55am
Quoting andys0506
{quote} Spread widening on news??

ugh that's it! I'm going back on demo again until i'm consistent for a while; day in and day out. i can always trade on fixed lots later due to good leverage but right now better to focus on getting the system right.
  • #10,602
  • Jul 15, 2014 7:57am Jul 15, 2014 7:57am
Quoting nitecop
did everyone else have a pending at 138.400 for EJ??? if so, how the hell was that triggered?
i didn't set pending, won't trade anymore today, lost much already, but i watched action and price/spread jumped like crazy during USD news
  • #10,603
  • Jul 15, 2014 8:00am Jul 15, 2014 8:00am
Quoting Callum
Did anyone else using IC markets just have the platform freeze during USD news and then when it comes back see that the spread on EURJPY went balistic, it must have been at least 6 pips... hit my order which I should never have placed and straight to SL... this is the first concerning thing I have seen with them, the fact the platform froze so you couldnt even see what was happening and then see the spread has done that...

nope

Udine
Sleep less, live fast, as it aint gonna last
  • #10,604
  • Jul 15, 2014 8:00am Jul 15, 2014 8:00am
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m15-pepperstone-financial-pty-2.png Size: 38 KB


hallo
does anybody know how this happen?

my pending order at 138.400 was fired without the price reaching it?
  • #10,605
  • Jul 15, 2014 8:01am Jul 15, 2014 8:01am
Quoting flx69
{quote} EJ to SL Donīt still quite understand how that could have been triggered so fast, spread must have been tremendous with a H1 high value of 138.351... {image}

69, I did not trade this.. but was watching the chart on both of my brokers, and did not see spread widening of anything significant.. your broker might is a lil kuku, lol
however this kind of things happens on days full of different data's from almost all major currencies..
Udine does not agree.. but usd news almost 90% of times if not all the time has major effect on ej.. eu and ej are too correlated anyways..

for me anyways.. when there is usd news.. is red for me on all 4pairs that we watch here..
Passion, Persist, Patience, Protect
  • #10,606
  • Jul 15, 2014 8:02am Jul 15, 2014 8:02am
Someone EURJPY 200?
  • #10,607
  • Jul 15, 2014 8:05am Jul 15, 2014 8:05am
@Udine

Did your EJ pending long order get triggered ?
  • #10,608
  • Jul 15, 2014 8:08am Jul 15, 2014 8:08am
now EJ short @ .200 is the only valid option, or maybe the best is nothing at all

no more...
Porta itineris dicitur longissima esse
  • #10,609
  • Jul 15, 2014 8:12am Jul 15, 2014 8:12am
Quoting flx69
@Udine Did your EJ pending long order get triggered ?

nope

Udine
Sleep less, live fast, as it aint gonna last
  • #10,610
  • Jul 15, 2014 8:13am Jul 15, 2014 8:13am
Neither mine got triggered.. I removed it manually 13mins ago.

Lrt
"Every battle is won before it's fought."
  • #10,611
  • Jul 15, 2014 8:15am Jul 15, 2014 8:15am
Quoting bachiano
{image} hallo does anybody know how this happen? my pending order at 138.400 was fired without the price reaching it?
The spread is a function of liquidity.
MT4 are Bid charts.
When you Buy you must add the spread.
Exple:
Buy at 138.40, if spread is 5 pips, you are really buying at 138.35. Wicks you in by the spread.

When you sell you get in at your actual price and pay the spread on exit (When you are buying back)
  • #10,612
  • Jul 15, 2014 8:17am Jul 15, 2014 8:17am
Quoting Callum
Did anyone else using IC markets just have the platform freeze during USD news and then when it comes back see that the spread on EURJPY went balistic, it must have been at least 6 pips... hit my order which I should never have placed and straight to SL... this is the first concerning thing I have seen with them, the fact the platform froze so you couldnt even see what was happening and then see the spread has done that...
Hi callum and the rest,

I also use ICMarkets but haven't encountered any problems. In a matter of fact EJ was at its highest only 138.350 here.

Maybe it's the difference in internet speed? In order to compare; my ping is 10 ms and my ping to te server is on average 100 ms, my download speed is 68.5 Mbps and the upload speed is 8.72 Mbps.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ_Pending.jpg Size: 81 KB
  • #10,613
  • Jul 15, 2014 8:22am Jul 15, 2014 8:22am
Quoting Udine
{quote} nope Udine

wow, that's unfair I've lodged a ticket with IC Markets.. i mean even if it was spread the chart should at least show it, even if it's just a wick touching it. It's unfair to trigger only some orders and have no logical reference.
  • #10,614
  • Jul 15, 2014 8:26am Jul 15, 2014 8:26am
Quoting nitecop
{quote} wow, that's unfair I've lodged a ticket with IC Markets.. i mean even if it was spread the chart should at least show it, even if it's just a wick touching it. It's unfair to trigger only some orders and have no logical reference.
The chart won't show the ask unfortunately. It's just showing you the bid. The ask probably jumped from the news well above whatever level you are talking about.
Small disciplines repeated with consistency lead to great achievements.
  • #10,615
  • Jul 15, 2014 8:26am Jul 15, 2014 8:26am
xux99 EA running

no trade near the open day
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15 robot 1.png Size: 63 KB
  • #10,616
  • Jul 15, 2014 8:29am Jul 15, 2014 8:29am
Quoting jmflukeiii
{quote} The chart won't show the ask unfortunately. It's just showing you the bid. The ask probably jumped from the news well above whatever level you are talking about.

it shows jm.. one just needs to activate it..
Passion, Persist, Patience, Protect
  • #10,617
  • Jul 15, 2014 8:30am Jul 15, 2014 8:30am
Quoting FXEmpire
{quote} it shows jm.. one just needs to activate it..
You can draw a line at the time. The chart does not plot candles based on ask.
Small disciplines repeated with consistency lead to great achievements.
  • #10,618
  • Jul 15, 2014 8:30am Jul 15, 2014 8:30am
Quoting Juan007
xux99 EA running no trade near the open day {image}

Yes............
  • #10,619
  • Jul 15, 2014 8:32am Jul 15, 2014 8:32am
ok guys/girls,

today no more trades .. so a losing day.... -2 % today, +1 % for the week...

we still have some days to go.

that will be celebrated with a beer later on...

Udine
Sleep less, live fast, as it aint gonna last
  • #10,620
  • Jul 15, 2014 8:35am Jul 15, 2014 8:35am
Quoting Udine
ok guys/girls, today no more trades .. so a losing day.... -2 % today, +1 % for the week... we still have some days to go. that will be celebrated with a beer later on... Udine

def a tough past 3 days for me! I look forward when i can finally celebrate a positive week udine!
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