Calling shennanigans on .......

[Carlosyabrudy]

Take a look:

First shot taken on the 7th of August..... 2008

Taken today.....

Probably a strategy implemented to hit a lot of stops in a certain direction when profit to loss ratio is infavourable.

This has officialy made me lose all confidence.

 

[dick_dastardly]

Probably a strategy implemented to hit a lot of stops in a certain direction when profit to loss ratio is infavourable.

Hi Carl

Yes, I would be curious to know if anyone had their stop hit by this ( lets call it perishable ) spike, or, even more interestingly, if anyone had a stop within the range of the spike that wasn't hit.

I understand that Fatspreads ( ooops! I meant to say Finspreads ) provide customers with the option to base their stop on either the bookies quote or the underlying market price although I think this is only available on a limited number of instruments.


dd

 

[Carlosyabrudy]

This is why I am switching to CFD.

Better to be taxed and loved than to have never had...any love at all

love = losses

lol

 

[Lee Shepherd]

This is why I am switching to CFD.

Better to be taxed and loved than to have never had...any love at all

love = losses

lol

The spike you see is quite common in the sense it happens maybe a few times a year, it can be caused by data feed and if you get stopped out by one of these then the firm you are with should put you back in (if they dont, contact the ombudsman or simply inform the FSA or whatever for the country of residence). Equally if it went in your favour as it would have done for many, the price will not be honoured and they will take back any money taken from the iregualrity.

When you see these spikes there is usually a problem with the graphs at the same time so trading off them is difficult. If they dont realise you can ring them up and they will remove the spike from the graph so it doesn't mess up your MA's or other indicators you may use, this process can take anywhere from a few minutes to sometimes many hours.

You will also find that the same happens on contracts for differences as they typically use the same graphs and data feed.

 

[Carlosyabrudy]

Its in my favour THIS TIME... I wasnt in a trade at the time.. its only now i am leaving my position open because DOW will fall hard very soon!

They went crazy over oil becoming slightly cheaper... they never learn.

 

[gle101]

The spike you see is quite common in the sense it happens maybe a few times a year, it can be caused by data feed and if you get stopped out by one of these then the firm you are with should put you back in (if they dont, contact the ombudsman or simply inform the FSA or whatever for the country of residence). Equally if it went in your favour as it would have done for many, the price will not be honoured and they will take back any money taken from the iregualrity.

When you see these spikes there is usually a problem with the graphs at the same time so trading off them is difficult. If they dont realise you can ring them up and they will remove the spike from the graph so it doesn't mess up your MA's or other indicators you may use, this process can take anywhere from a few minutes to sometimes many hours.

You will also find that the same happens on contracts for differences as they typically use the same graphs and data feed.

Yes I agree with you completely on this issue. One should concentrate on improving the trading strategy, instead of blaming others for poor trading result, which in fact is a part of the learning curve.