What was your slippage on Friday's NFP? | Forex Factory

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What was your slippage on Friday's NFP?

  • #1
  • First Post: Apr 5, 2015 8:32am Apr 5, 2015 8:32am
Hello
On Friday at the moment of the NFP report, my AUD/USD short was closed with 57 pips above the stop-loss?!
What was your experience and what was your slippage?
Thanks
  • #2
  • Apr 5, 2015 8:10pm Apr 5, 2015 8:10pm
Hi, I had a short position on AUDNZD and at the time of NFP the position stopped out by 44 pips above my SL.
  • #3
  • Apr 5, 2015 8:29pm Apr 5, 2015 8:29pm
there was very little market liquidity due to NFP and combined with bank holidays I got a fill short on au at 0.76919 it was a pending order, I dont think I would have been able to get in there with mt4 with a man trade trade station would probably have actioned the trade but I was fast asleep....
  • #4
  • Apr 6, 2015 1:37am Apr 6, 2015 1:37am
Your broker is scamming you.

Where did you see a 57 or 44 pip gap in the price?

I didn't, and thats why my slippage was only around 5 pips.

Trade with an ECN broker, keep away from Market Makers at all cost..
  • #5
  • Apr 6, 2015 3:07am Apr 6, 2015 3:07am
Quoting jaxx80
Hello On Friday at the moment of the NFP report, my AUD/USD short was closed with 57 pips above the stop-loss?! What was your experience and what was your slippage? Thanks
There is a 60 pips gap on my EU, so though my buy stop was set at 1.091 but executed at 1.095. Which of course cuts most of my profit since my target was only 60 pips.

So I'm kind of worried about tomorrow's RBA.
Winning can be extremely dangerous when you are not well prepared.
  • #6
  • Apr 6, 2015 3:09am Apr 6, 2015 3:09am
Quoting SaiLyfee
Your broker is scamming you. Where did you see a 57 or 44 pip gap in the price? I didn't, and thats why my slippage was only around 5 pips. Trade with an ECN broker, keep away from Market Makers at all cost..
But your broker is Oanda, isn't it? And Oanda is just like my broker (Gain), still MM.
Winning can be extremely dangerous when you are not well prepared.
  • #7
  • Apr 6, 2015 3:17am Apr 6, 2015 3:17am
Quoting SaiLyfee
Your broker is scamming you. Where did you see a 57 or 44 pip gap in the price? I didn't, and thats why my slippage was only around 5 pips. Trade with an ECN broker, keep away from Market Makers at all cost..
So quick to accuse the broker..... You should really all learn about microstructure before posting like this...
  • #8
  • Apr 6, 2015 3:20am Apr 6, 2015 3:20am
Quoting whtop
{quote} There is a 60 pips gap on my EU, so though my buy stop was set at 1.091 but executed at 1.095. Which of course cuts most of my profit since my target was only 60 pips. So I'm kind of worried about tomorrow's RBA.
The direction of each NFP day is probably predetermined hours beforehand, but due to the possibility of large spread widening it's too risky to trade it with a good risk:reward.
  • #9
  • Apr 6, 2015 7:45am Apr 6, 2015 7:45am
Quoting NithaBen
Hi, I had a short position on AUDNZD and at the time of NFP the position stopped out by 44 pips above my SL.
This NFP was really frustrating, I was trading on EUR/USD, price dropped then suddenly appeared somewhere up with a big gap. I tend to think that big boys purposely forced price to "harvest" SL from both bulls and bears, what basically breaks the setup and resulted in a gap.
  • #10
  • Apr 6, 2015 8:13am Apr 6, 2015 8:13am
I think everyone posting here should have a read of this.

http://www.forexfactory.com/showthread.php?t=7484
  • #11
  • Last Post: Apr 6, 2015 4:10pm Apr 6, 2015 4:10pm
Quoting whtop
{quote} But your broker is Oanda, isn't it? And Oanda is just like my broker (Gain), still MM.
I do not trade with Oanda, or any other MM for that matter.

Quoting redbaron1981
{quote} So quick to accuse the broker..... You should really all learn about microstructure before posting like this...
Lol.. learn to trade with an ECN broker and avoid being scammed.
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