
Forex Version XV, Foreign Exchange Market Discussion
Forex Version XV, Foreign Exchange Market Discussion
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May 27 2015, 10:43 AM
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Senior Member
747 posts Joined: Aug 2010 From: KL |
Nikkei all time high, make or break
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May 27 2015, 12:25 PM
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Junior Member
252 posts Joined: Apr 2006 |
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May 27 2015, 02:54 PM
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Junior Member
350 posts Joined: Aug 2011 |
QUOTE(poks @ May 27 2015, 07:35 AM) That's why i don't have stop loss. I only take certain amount as loss. When it reach that amount, i close all trades and go plant some vege I prefer to set my SL way beyond the intended SL level. For example my intended SL is 100 pips, then I may set as 200 pips .... just as an insurance in case something unexpected happen ;-) |
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May 27 2015, 08:48 PM
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Junior Member
167 posts Joined: Jan 2010 |
Hi fellow traders, any good and reliable brokers to recommend?
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May 28 2015, 03:14 AM
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Junior Member
453 posts Joined: May 2015 |
LMAX, Dukascopy, Saxobank, Interactive Brokers.
These are among the most recommended brokers. This post has been edited by carrer: May 28 2015, 03:52 AM |
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May 28 2015, 08:55 AM
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Junior Member
252 posts Joined: Apr 2006 |
If you are at singapore you can try think or swim too.
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May 28 2015, 09:46 AM
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Senior Member
1,299 posts Joined: Nov 2010 |
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May 28 2015, 10:03 AM
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Junior Member
175 posts Joined: Apr 2012 |
QUOTE(9kingsir @ May 28 2015, 09:46 AM) Yes, I agree on you. I wish to add information. Such condition is called price gap . It is a totally empty price where SL will be closed on another price, but not on the SL price we set. example of price gap in forex : http://thegeekknows.com/2010/04/forex-gaps-what-why-how.html |
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May 28 2015, 11:00 AM
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Senior Member
747 posts Joined: Aug 2010 From: KL |
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May 28 2015, 11:06 AM
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Senior Member
748 posts Joined: Aug 2009 |
it seems that my account doesn't tally and sync with myfxbook. any clues? just wanna check my progress
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May 28 2015, 11:09 AM
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Senior Member
748 posts Joined: Aug 2009 |
QUOTE(9kingsir @ May 28 2015, 10:46 AM) QUOTE(Alissa_1989 @ May 28 2015, 11:03 AM) Yes, I agree on you. I wish to add information. Such condition is called price gap . It is a totally empty price where SL will be closed on another price, but not on the SL price we set. So you mean if you put your SL in between the price gap then the SL will not kick in as well?example of price gap in forex : http://thegeekknows.com/2010/04/forex-gaps-what-why-how.html |
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May 28 2015, 11:23 AM
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Junior Member
175 posts Joined: Apr 2012 |
QUOTE(andrewcha @ May 28 2015, 11:09 AM) Yes, there is no digit price in the price gap. Ur order will be closed to the nearest available price, which is much more lose than u planned for. If you check history, the "digit number of SL price" still remains no change, but "the digit number of closed price" are different with SL digit price. This condition is rarely to be happened, so many ppl just ignore it. Another condition is broker bankrupt in CHF crisis, so no matter how good u plan also cannot get back money. |
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May 28 2015, 11:25 AM
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Senior Member
748 posts Joined: Aug 2009 |
QUOTE(Alissa_1989 @ May 28 2015, 12:23 PM) Yes, there is no digit price in the price gap. Ur order will be closed to the nearest available price, which is much more lose than u planned for. Just want to know again what happen actually that time chf bull so much again? just a summary. this one if really caught on fundamental news sure untung kao kaoIf you check history, the "digit number of SL price" still remains no change, but "the digit number of closed price" are different with SL digit price. This condition is rarely to be happened, so many ppl just ignore it. Another condition is broker bankrupt in CHF crisis, so no matter how good u plan also cannot get back money. |
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May 28 2015, 11:44 AM
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Staff
5,568 posts Joined: Jan 2003 From: the lack of sleep |
QUOTE(Alissa_1989 @ May 28 2015, 10:03 AM) Yes, I agree on you. I wish to add information. Such condition is called price gap . It is a totally empty price where SL will be closed on another price, but not on the SL price we set. Gap is usually used for difference between Friday closing and Monday Opening for brokers that do not operate over the weekends. When a broker does not honour the stop loss that you have set, that is usually called slippage. Very few would honour SL with zero slippage. Most of you would notice that even during normal trading times, sometimes the SL can be a few pipette or even pips away from your SL if the price suddenly moves 10-20 pips in one tick. That is called slippage. In the event like UC crash, the slippage would be even bigger. example of price gap in forex : http://thegeekknows.com/2010/04/forex-gaps-what-why-how.html |
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May 28 2015, 12:16 PM
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Junior Member
350 posts Joined: Aug 2011 |
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May 28 2015, 01:23 PM
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Senior Member
1,567 posts Joined: Nov 2005 From: Ppg, Sbh. |
when you know previous movements of price/fundamentals of the currency, you know better not to get yourself involved with that pair. no matter how great is your stoploss, nothing can protect you (ie in the case of chf) still the best strategy is not to trade that pairs (before the plunge)... see, it just get back to it previous level.. lol that QUOTE(andrewcha @ May 28 2015, 11:25 AM) Just want to know again what happen actually that time chf bull so much again? just a summary. this one if really caught on fundamental news sure untung kao kao it's history repeating itself, ie; whenever a central bank defending currency, they tend to fail overtime.This post has been edited by poks: May 28 2015, 01:28 PM |
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May 28 2015, 01:51 PM
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Junior Member
350 posts Joined: Aug 2011 |
I am having this problem. Certain forum topic don't have the "File Attachment" option so I am unable to add image. Any idea how to overcome this problem?
Thanks. |
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May 28 2015, 02:14 PM
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Senior Member
748 posts Joined: Aug 2009 |
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May 28 2015, 02:19 PM
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Staff
5,568 posts Joined: Jan 2003 From: the lack of sleep |
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May 28 2015, 02:30 PM
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Junior Member
350 posts Joined: Aug 2011 |
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