{quote} I got too.But only 9324-9312.Yours is too wide...You need to think about changes...
- #83,841
- Aug 14, 2014 7:55am Aug 14, 2014 7:55am
{quote}market maker hide informations from you, don't want you to know that a retest has already happened, and will be new high. (right now)
- #83,843
- Aug 14, 2014 7:57am Aug 14, 2014 7:57am
{quote} Simple answer.Since many of us have ecn/ndd broker got the spike which means it was big boys job. Those who had market maker broker a.k.a trading against their clients didn't got the spike because they are not "connected" with the real market. Guess who is market maker in this case
their ecn account not true ecn, just like other market maker lol
simple is better
- #83,844
- Aug 14, 2014 7:57am Aug 14, 2014 7:57am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
- #83,846
- Aug 14, 2014 8:00am Aug 14, 2014 8:00am
- Joined Sep 2012 | Status: Trader | 1,056 Posts
{quote} hmmm...alpari no spike, it means this broker totaly shiit crap market maker against their client
Do some research pal and run away.
- #83,849
- Aug 14, 2014 8:02am Aug 14, 2014 8:02am
- Joined Dec 2013 | Status: Trader | 2,141 Posts
f(z)=z2+c
- #83,850
- Aug 14, 2014 8:02am Aug 14, 2014 8:02am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
- #83,854
- Aug 14, 2014 8:12am Aug 14, 2014 8:12am
- | Commercial User | Joined Sep 2005 | 2,784 Posts
Whatever it was, it was absolutely an error.
Gbpaud had a 80pip spike (absolutely fake spike, not big boys stuff), of course stoplosses were executed at the highest point.
Probably it was an error of some liquidity provider, and such error has been trasmitted to all the brokers connected to it.
However, we are still talking about an error.
No big boys buying or selling, it is simply not a correct thing, even on the futures aud market there is not such a spike.
I'm enquiring about this with my broker, and i suggest all of you who got hitten to do the same.
And maybe consider the idea of open an account with some reputable futures broker, this forex is not soo serious it seems.
Gbpaud had a 80pip spike (absolutely fake spike, not big boys stuff), of course stoplosses were executed at the highest point.
Probably it was an error of some liquidity provider, and such error has been trasmitted to all the brokers connected to it.
However, we are still talking about an error.
No big boys buying or selling, it is simply not a correct thing, even on the futures aud market there is not such a spike.
I'm enquiring about this with my broker, and i suggest all of you who got hitten to do the same.
And maybe consider the idea of open an account with some reputable futures broker, this forex is not soo serious it seems.
- #83,856
- Aug 14, 2014 8:17am Aug 14, 2014 8:17am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
{quote} ...the greater the pride, the greater the fall....
{quote} All in good fun man. Nothing offensive meant
I don't use stop losses just to avoid situations like that. (Even though I look like a newbie because of an account here new as of april, I've been at this market since about '03...)
IMO - stop losses tell your broker when you're scared out of the market - why give them that intelligence so easily?
Margin use at 6% or less makes it REAL hard for you to experience a margin call. Proof? As you have open trades, run a quick calculation:
Free Margin / pip value = number of pips to a margin call
...the result has caused me to adopt the idea that if the market suddenly moves that far so fast that I can't do anything about it - something probably just happened that makes the condition of my FX account completely irrelevant anyway..
You'll find that calculation to margin call in the 1000's of pips if you're not using too much margin. The worst hit I've ever seen was when the reality of our "great recession" started to take hold and the G/J gave up about 600 pips pretty quick...many a trader got SLAUGHTERED because of allowing themselves to get emotional thinking that there was no way the market could stop...
"Holy Grail" exists - accepting where is the first step.