What's the reason for not getting filled? (Pics included) | Forex Factory

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What's the reason for not getting filled? (Pics included)

  • #1
  • First Post: Edited 4:24pm Jun 10, 2015 4:02pm | Edited 4:24pm
2 of my trades didn't get filled when price came down to hit my entry and exit target (for a short while) before it moved away from it.
What do you think cause this?
Note: blue circle = my entry and exit.
1st screenshot = an exit target
2nd screenshot = an entry target (at the top of the small rectangle)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: notp.png Size: 93 KB
Click to Enlarge Name: notp2.png Size: 57 KB
  • #2
  • Jun 10, 2015 5:02pm Jun 10, 2015 5:02pm
What timeframe and security is this?

Might have been news spread widening causing the wicks perhaps? Your short in the first example may not have been filled as the offer price did not trade near your TP, while the bid price did. It's quite a long wick though, so the bid/offer spread would needed to have widened a lot (is it a low TF chart?) to not get filled.

Or dodgy broker?
Follow me on twitter @FxLester
  • #3
  • Jun 10, 2015 5:19pm Jun 10, 2015 5:19pm
The second chart is M15 GU today. It was news candle with 50 pip range within 1 min candle. It must be lack of liquidity at your price level.
  • #4
  • Edited 6:37pm Jun 10, 2015 6:25pm | Edited 6:37pm
Quoting FxLester
What timeframe and security is this? Might have been news spread widening causing the wicks perhaps? Your short in the first example may not have been filled as the offer price did not trade near your TP, while the bid price did. It's quite a long wick though, so the bid/offer spread would needed to have widened a lot (is it a low TF chart?) to not get filled. Or dodgy broker?
1st chart is AUDJPY 15m tf yesterday.
2nd chart is GBPUSD 15m tf yesterday as well.

The pips difference between my tp and the bar low was 8.3 pips. Its kinda hard imagining the spread widening out to that much for such a low volatility candle.

On the broker side, this is with ICMarkets.

Quoting grin
The second chart is M15 GU today. It was news candle with 50 pip range within 1 min candle. It must be lack of liquidity at your price level.
You're correct. It's GBPUSD. I still can't understand how I didn't get filled because price went 15.5 pips against my entry target.
My entry was set at 1.54199 and the bar low was 1.54050.
  • #5
  • Jun 10, 2015 7:28pm Jun 10, 2015 7:28pm
Quoting stan255
{quote}Its kinda hard imagining the spread widening out to that much for such a low volatility candle. On the broker side, this is with ICMarkets. {quote}
I just took a look at the feed. What happened is not surprising. Spread,s widened and markets gapped because of the NZD rate release. The spike was created because of the AUD-NZD correlation. There was a rate release and surprise drop.

NZD itself gapped >100 pips on some of my feeds! AUD pairs gapped about 20 pips at the time as well. You'll have to check with ICM by how much unless you were watching the bid/offers at the time. They're ECN so are subject to the lack of liquidity before a major release.

Safe trading,
Lester
Follow me on twitter @FxLester
  • #6
  • Last Post: Edited 12:53am Jun 11, 2015 12:36am | Edited 12:53am
Quoting stan255
{quote} You're correct. It's GBPUSD. I still can't understand how I didn't get filled because price went 15.5 pips against my entry target. My entry was set at 1.54199 and the bar low was 1.54050.
Spreads can shoot over 15 pips during news. They might rather have no business in those moments, than accepting trades which might trigger loss.

With price spending there only a few seconds they could have orders which triggered before yours. Price went above your limit before they got chance of getting to your order.

May be there are other possible explanations.

AJ is the same thing, but during the first minute after NY close. Spreads also tend to go up at these moments. 1 min candle was 80 pips.
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