Hi there,
So as alot of you, I also lost money on the CHF news. My account ballance is in the big negatives, my broker is somewhat chasing me. But the strange thing is, my ballance shouldn't be in the negatives.
So this is what happened. I took a BUY position on 11 January on USD/CHF 1.01650 with x lot. I never use a stoploss, but to stop losing some point I open a position the otherway. In this case I opened a USD/CHF SELL position x lot. At the same time as the BUY position I opened a SELL market order 1.00746 90 pips below the price I just entered. Everything is allright at this point.
The news hits on 14 January, that day I wasn't trading early. Price shoots down and takes my SELL market order 1.00616. It slipped about 13 pips, no big deal. Markets freeze at 11:30:54. At this point I have a BUY and a SELL position with both x lot on USD/CHF. This means that where ever the market goes I always lost 103 pips, +- 2% of my account. If I would be on the computer this moment I would be relaxed, as I know I can't lose anything more where ever the market goes.
11:40:18 The market (unfreezes?)
11:40:18 My SELL position closes at the price 1.29289 (lol, price never been there?)
11:40:19 My BUY position closes at the price 0.79758
Included a screenshot from my trade explorer....
11:40:19 My account is margin called.
How is this even remotely possible, the price just flipped in 1 second. More strange is that I had the exact same setup on GBP/CHF. On this pair everything worked accordingly and I didn't lose more then 2% of my account. Obvious these two trades on GBP/CHF were closed at the same time my account was margin called.
I am furious and desperate as my account is 6 figures negative.
-Jysticim
So as alot of you, I also lost money on the CHF news. My account ballance is in the big negatives, my broker is somewhat chasing me. But the strange thing is, my ballance shouldn't be in the negatives.
So this is what happened. I took a BUY position on 11 January on USD/CHF 1.01650 with x lot. I never use a stoploss, but to stop losing some point I open a position the otherway. In this case I opened a USD/CHF SELL position x lot. At the same time as the BUY position I opened a SELL market order 1.00746 90 pips below the price I just entered. Everything is allright at this point.
The news hits on 14 January, that day I wasn't trading early. Price shoots down and takes my SELL market order 1.00616. It slipped about 13 pips, no big deal. Markets freeze at 11:30:54. At this point I have a BUY and a SELL position with both x lot on USD/CHF. This means that where ever the market goes I always lost 103 pips, +- 2% of my account. If I would be on the computer this moment I would be relaxed, as I know I can't lose anything more where ever the market goes.
11:40:18 The market (unfreezes?)
11:40:18 My SELL position closes at the price 1.29289 (lol, price never been there?)
11:40:19 My BUY position closes at the price 0.79758
Included a screenshot from my trade explorer....
11:40:19 My account is margin called.
How is this even remotely possible, the price just flipped in 1 second. More strange is that I had the exact same setup on GBP/CHF. On this pair everything worked accordingly and I didn't lose more then 2% of my account. Obvious these two trades on GBP/CHF were closed at the same time my account was margin called.
I am furious and desperate as my account is 6 figures negative.
-Jysticim