Jump to content

Forex (EUR/USD)

S7rik3R
 Share

Recommended Posts

Carra

Carra

Neutral Newbie

Hi all

 

Just wondering if anyone traded eurusd today? I went long at 1600 S'pore time at 1.4118, then at 1602-1603, the SNB decision about eurchf rate came out, price of eurusd shot up 100+ pips, basically the pip count went past my initial tgts by a lot. I tried to close my trades as market orders, and got slipped abt 30+ pips (my p/l statement showed only X amt as profit, but according to the mkt price that I closed at, it shd be X + Y amt)

 

I contacted my broker (a company with a local office, and U.S. and Canada Offices) and they said that during news release, slippage of 30+ pips is normal, slippage can even go up to 100+ pips. Normally I nvr trade during news release, but I do observe that during news release the spread offered by my broker can be up to 10 pips, and the price fluctuate wildly on both metatrader's prices and my broker's prices. What I would like to check with bros here is that if you traded eurusd today, did you experience slippage ard 1602-1603 S'pore time when you closed your trade, and is slippage of 30+ pips, even up to 100 pips normal(Basically, is my broker smoking me)?

 

Though I have traded forex for 1 plus yr now, this is the 1st time I exerienced major slippage on closing my trade. I seldom trade, or is still in a trade ard times of news release. Would appreciate the bros here sharing your experiences. Thanks a lot!

↡ Advertisement
Link to post
Share on other sites
Sabbie

Sabbie

Clutched

Hi all

 

Just wondering if anyone traded eurusd today? I went long at 1600 S'pore time at 1.4118, then at 1602-1603, the SNB decision about eurchf rate came out, price of eurusd shot up 100+ pips, basically the pip count went past my initial tgts by a lot. I tried to close my trades as market orders, and got slipped abt 30+ pips (my p/l statement showed only X amt as profit, but according to the mkt price that I closed at, it shd be X + Y amt)

 

I contacted my broker (a company with a local office, and U.S. and Canada Offices) and they said that during news release, slippage of 30+ pips is normal, slippage can even go up to 100+ pips. Normally I nvr trade during news release, but I do observe that during news release the spread offered by my broker can be up to 10 pips, and the price fluctuate wildly on both metatrader's prices and my broker's prices. What I would like to check with bros here is that if you traded eurusd today, did you experience slippage ard 1602-1603 S'pore time when you closed your trade, and is slippage of 30+ pips, even up to 100 pips normal(Basically, is my broker smoking me)?

 

Though I have traded forex for 1 plus yr now, this is the 1st time I exerienced major slippage on closing my trade. I seldom trade, or is still in a trade ard times of news release. Would appreciate the bros here sharing your experiences. Thanks a lot!

fug la, I was short and my stop loss slipped by 110 pips!!!!! i am so fugging pissed....all my efforts wasted for the past 2 weeks!!!! total loss 135 pips....i so fugging sian i can't be bothered to trade after that, you made money so still ok

Link to post
Share on other sites
Carra

Carra

Neutral Newbie

fug la, I was short and my stop loss slipped by 110 pips!!!!! i am so fugging pissed....all my efforts wasted for the past 2 weeks!!!! total loss 135 pips....i so fugging sian i can't be bothered to trade after that, you made money so still ok

 

Thanks for your reply. Have you experienced such huge slippage before? Other bros care to comment? thanks.

Link to post
Share on other sites
Good-Carbuyer

Good-Carbuyer

1st Gear
(edited)

Hi all

 

Just wondering if anyone traded eurusd today? I went long at 1600 S'pore time at 1.4118, then at 1602-1603, the SNB decision about eurchf rate came out, price of eurusd shot up 100+ pips, basically the pip count went past my initial tgts by a lot. I tried to close my trades as market orders, and got slipped abt 30+ pips (my p/l statement showed only X amt as profit, but according to the mkt price that I closed at, it shd be X + Y amt)

 

I contacted my broker (a company with a local office, and U.S. and Canada Offices) and they said that during news release, slippage of 30+ pips is normal, slippage can even go up to 100+ pips. Normally I nvr trade during news release, but I do observe that during news release the spread offered by my broker can be up to 10 pips, and the price fluctuate wildly on both metatrader's prices and my broker's prices. What I would like to check with bros here is that if you traded eurusd today, did you experience slippage ard 1602-1603 S'pore time when you closed your trade, and is slippage of 30+ pips, even up to 100 pips normal(Basically, is my broker smoking me)?

 

Though I have traded forex for 1 plus yr now, this is the 1st time I exerienced major slippage on closing my trade. I seldom trade, or is still in a trade ard times of news release. Would appreciate the bros here sharing your experiences. Thanks a lot!

Hey, you lucky to be doing EUR/USD only? Some pairs normally got much more slippages than that. They are classified as exotic? You lucky man. I am learning to be humble [:p]

Edited by Good-Carbuyer
Link to post
Share on other sites
Sabbie

Sabbie

Clutched

Thanks for your reply. Have you experienced such huge slippage before? Other bros care to comment? thanks.

 

Well I have seen it during NFP before but that time I was actively trading on news so it was ok, this time round I was just wiped out unexpectedly....sianz

Link to post
Share on other sites
Good-Carbuyer

Good-Carbuyer

1st Gear

Thanks for your reply. Have you experienced such huge slippage before? Other bros care to comment? thanks.

No mention what currency pairs you traded.

No mention the time frame you traded.

No idea how to comment.

Link to post
Share on other sites
Sk65

Sk65

1st Gear

At the moment exploring Brokers and their Demo platforms: iOCBCfx, Phillip, Kim Eng, GFT, Oanda...

me 2

tried oanda so far.

not bad.

 

but dunno how it will perfrom during a hectic day

 

 

feedback on others?

Link to post
Share on other sites
Good-Carbuyer

Good-Carbuyer

1st Gear
(edited)

me 2

tried oanda so far.

not bad.

 

but dunno how it will perfrom during a hectic day

 

 

feedback on others?

iOCBCfx, Phillip, both using Currenex which is dedicated currency trading platform. Kim Eng currency trading add-on to CFD/Equites platform. Oanda' FX Trader still more sophisticated to me than Currenex. GFT Dealbook 360 a hazzle to me compared to the other four. I prefer dedicated platform for its simplicity. Kim Eng's can make index finger fatigue with one-clicking trading using their demo (at least 5 more clickings to do). I had placed all currency pairs available onto the respective Demo and see how they perform. Not sure if want to trade after that exercise.

Edited by Good-Carbuyer
Link to post
Share on other sites
Good-Carbuyer

Good-Carbuyer

1st Gear

Chart of EUR/USD (Bearish)

 

 

 

European debt crisis is back again and in just a week it have already plunge 800pip. Looks like the stock market crash will comes in earlier than expected. And with idiot people like Raj Rajaratnam's messing the insider trading making the trading more vulnerable and risky.

 

Cable and Aussie also looks very bad now.

 

I think it's time to move out of Forex and shift to some other areas for profits.

Just managed to understand what is scalping, Intraday, on Thursday morning [thumbsup] . Now starting to understand recovery. [laugh]

↡ Advertisement
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...