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  • #14,741
  • Dec 4, 2015 6:58am Dec 4, 2015 6:58am
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Invest in alarm clocks
  • #14,742
  • Dec 4, 2015 7:02am Dec 4, 2015 7:02am
fly away pigeon, fly away
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Invest in alarm clocks
  • #14,743
  • Dec 4, 2015 11:45am Dec 4, 2015 11:45am
Quoting toppo qqq
{quote} Well done vvFish, as always. toppo
Thank you
Only the price on the chart can show the entrance to the deal...
  • #14,744
  • Dec 4, 2015 12:31pm Dec 4, 2015 12:31pm
Some brokers are not your friend... Period!
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"Hoe ur pips mate?" fxcarllos
  • #14,745
  • Dec 4, 2015 1:23pm Dec 4, 2015 1:23pm
Quoting Carllos
Some brokers are not your friend... Period! {image}
Not sure what your screenshot is trying to show. Explain?
Shit Happens
  • #14,746
  • Dec 4, 2015 1:32pm Dec 4, 2015 1:32pm
Quoting act333
{quote} Not sure what your screenshot is trying to show. Explain?
my trade was closed at a price that didnt exist.. not on any chart i looked for.
"Hoe ur pips mate?" fxcarllos
  • #14,747
  • Dec 4, 2015 1:35pm Dec 4, 2015 1:35pm
Quoting Carllos
Some brokers are not your friend... Period! {image}
Price was 92.25 right before the news broke.
Your SL was 92.35 which was hit immediately (2 seconds after news) because spreads widened for the news.
That's only a spread of 10 which is pretty small for "high-impact" news.
Most brokers will give you the same result.
Nothing unusual about that trade.
  • #14,748
  • Edited 1:51pm Dec 4, 2015 1:36pm | Edited 1:51pm
Quoting Carllos
{quote} my trade was closed at a price that didnt exist.. not on any chart i looked for.
Charts only show the "bid" price.
Your SL was hit on the "ask" price which cannot be seen on a chart.

***Look @ the chart below. The "ask" isn't printed so if that line hits your short SL, you're out of the trade even though the chart doesn't print that price. Those lines (bid/ask) would be much wider @ news times.
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  • #14,749
  • Dec 5, 2015 12:32am Dec 5, 2015 12:32am
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Nice whip
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  • #14,750
  • Edited 1:19pm Dec 5, 2015 12:35pm | Edited 1:19pm
Quoting srt
{quote} Price was 92.25 right before the news broke. Your SL was 92.35 which was hit immediately (2 seconds after news) because spreads widened for the news. That's only a spread of 10 which is pretty small for "high-impact" news. Most brokers will give you the same result. Nothing unusual about that trade.
Srt, please check again. I entered price @92.05 (That was not right before news, that was the open bar of news). Fact is there was an "inside" trading that short the market 1 min before news was out. Next bar opened aprox 92.05 and my stop was @92.35 (30 pips above entry and above market open). Price never reached that price but position was closed anyway
"Hoe ur pips mate?" fxcarllos
  • #14,751
  • Dec 5, 2015 12:43pm Dec 5, 2015 12:43pm
Quoting srt
{quote} Charts only show the "bid" price. Your SL was hit on the "ask" price which cannot be seen on a chart. ***Look @ the chart below. The "ask" isn't printed so if that line hits your short SL, you're out of the trade even though the chart doesn't print that price. Those lines (bid/ask) would be much wider @ news times. {image}
You might be right about this. Anyway, 30 pips widening? Anyone here getting 30 pips widening bid/ask on your brokers?
"Hoe ur pips mate?" fxcarllos
  • #14,752
  • Dec 5, 2015 4:08pm Dec 5, 2015 4:08pm
Quoting Tony112
fly away pigeon, fly away {image}
Classic..
  • #14,753
  • Dec 5, 2015 7:55pm Dec 5, 2015 7:55pm
Quoting Carllos
{quote} You might be right about this. Anyway, 30 pips widening? Anyone here getting 30 pips widening bid/ask on your brokers?
I've seen during the news announcements, spread widening to 130 pips on Pepperstone, so 30 pips is peanuts spread really...
"Is that a real ROLEX? Yes! Same, same but different!"
  • #14,754
  • Dec 6, 2015 10:08pm Dec 6, 2015 10:08pm
Quoting Carllos
Some brokers are not your friend... Period! {image}
Wow.... That is just harassment right there, I think it is high time for you to find a new broker.
  • #14,755
  • Dec 7, 2015 11:04am Dec 7, 2015 11:04am
Quoting alwijo
{quote} Wow.... That is just harassment right there, I think it is high time for you to find a new broker.
I've done that 2 years ago mate.
"Is that a real ROLEX? Yes! Same, same but different!"
  • #14,756
  • Dec 7, 2015 11:55am Dec 7, 2015 11:55am
Quoting firesword
{quote} I've seen during the news announcements, spread widening to 130 pips on Pepperstone, so 30 pips is peanuts spread really...
You´re joking!!!!
"Hoe ur pips mate?" fxcarllos
  • #14,757
  • Dec 7, 2015 1:54pm Dec 7, 2015 1:54pm
Any good reliable brokers out there on NFP widening spread?
"Hoe ur pips mate?" fxcarllos
  • #14,758
  • Dec 7, 2015 2:17pm Dec 7, 2015 2:17pm
Quoting Carllos
Any good reliable brokers out there on NFP widening spread?
Any broker with fixed spread, but then you'll have higher spread at other times when there is no news. All the brokers are shifty bastards.
"Is that a real ROLEX? Yes! Same, same but different!"
  • #14,759
  • Dec 7, 2015 3:34pm Dec 7, 2015 3:34pm
Quoting firesword
{quote} Any broker with fixed spread, but then you'll have higher spread at other times when there is no news. All the brokers are shifty bastards.
Excuse me but why do you accuse every company to be shady? Broker's business model is to give you access to a market. In order to do so you have to pay and this is usually done by increasing the spread a little bit. If you don't like this go to a commission based brokerage but overall it's the same.

Of course you get a high slippage or spread during nfp on an ecn broker. The ecn networks creates the spread it is not the broker who quotes you. If news are released the spread isn't going to be increased by 10 pips in both directions it's usually just an increase either up or down.

If news are worse than expected there is no reason people want to buy this currency pair = the next available price you can buy from is some distance away. I am sure you still can sell to a pretty good price during that time without slippage. If you experience higher spreads or slippage than on other places the broker might have less liquidity providers you are free to change the company to trade with.

If you trade with a MM he has to take the other side of the trade but due to the fact that he knows the pair will move down why should he take on the trade. It's a guarantee that he will loose money. If my broker would allow this kind of trading I would be worried about me ever getting my money back.
If you pick a company who has been around for only a short time it's your fault you got lured into opening an account with them due to some kind of deposit bonus or super low spread but if you take trading serious this can easily be avoided. How do you think some companies are around for 10+ years. Certainly not due to cheating on people.
  • #14,760
  • Dec 7, 2015 4:09pm Dec 7, 2015 4:09pm
Quoting Kilian19
{quote}
I think you cleared it very well! So, solutions to trade news should be:
1. Avoid ECN or not?
2. Certainly avoid MM.. who are they?
3. Find a broker with 10y+ business

To trade it professionaly is it really necessary to have an account at a major broker, like LMAX, SaxoBank, where you need 10k to open account?

I´m trying to get things real clear on how serious traders can do this without getting wiped.

Thanks for helping me here guys
"Hoe ur pips mate?" fxcarllos
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