Which would you prefer?
Personally, I have discovered my limit orders frequently hit by spikes. I would prefer it if limit orders are executed when prices close either at it, or above/below it.
Which would you prefer?
Personally, I have discovered my limit orders frequently hit by spikes. I would prefer it if limit orders are executed when prices close either at it, or above/below it.
Yea I suspect so also, my broker is interbankfx. Additionally, once I put a buy or sell order, it generally gets hit and reverses. Anybody else experiencing the exact same issue?
You need to be vewy vewy quiet. We're searching stops... LOLOriginally Posted by ;
JodyOng,
you're right, the spike and change is most likely an engineered market move in a quiet time, looking for liquidity... Normally it is not just your broker. It is a group of larger players and when people in the know see what's going on, they jump on for the ride...
Damn, I made sure that I put my stops at weird places. Looks like you've got me now Darkstar and Smjones...
but I'll be back. astalavista baby.
If you'd like to see a fantastic description of this, There is a chapter in Joe Ross' book Trading Ross Hooks. It goes in deapth how this can occur and how to protect your self out of it...Originally Posted by ;
The book is really good, but the chapter about this is quite excellent.