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Coronavirus outbreak - markets

rabbithoe
Mar 18 2020 at 08:47
9 posts
Kingace posted:
togr posted:
Kingace posted:
togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.


That's why there's provisions for Stop Loss and Trailing Stop


You know nothing John.
Sometimes even SL are not executed, as far as I recall Swiss bullet


A Stop order should execute, no matter the volatility, that's why it's recommended we use a reputable broker


In a sudden move the price jump across your stop loss, the stop loss gets triggered but when it closes all position, the price is already moved far away from the level you set before. Also to stop loss you need people who are willing to trade against you at your SL price. Event such as Swiss franc in 2015 will blow up your account no matter you have stop loss or not. Because nobody is trading against your stop loss.

togr (togr)
Mar 18 2020 at 10:30
4862 posts
rabbithoe posted:
Kingace posted:
togr posted:
Kingace posted:
togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.


That's why there's provisions for Stop Loss and Trailing Stop


You know nothing John.
Sometimes even SL are not executed, as far as I recall Swiss bullet


A Stop order should execute, no matter the volatility, that's why it's recommended we use a reputable broker


In a sudden move the price jump across your stop loss, the stop loss gets triggered but when it closes all position, the price is already moved far away from the level you set before. Also to stop loss you need people who are willing to trade against you at your SL price. Event such as Swiss franc in 2015 will blow up your account no matter you have stop loss or not. Because nobody is trading against your stop loss.


I was in front of my PC that day - Swiss franc in 2015
SL were not executed, trades were not closed as there were not simply enough liquidity
Fortunately with proper money mgmt I got some DD but not wiped account

So SL is not enough sometimes, and Corona time could be that sometime

accelerator1
Mar 18 2020 at 12:37
11 posts
What happens if your stop is jumped and technically your losses are more than is in your trading account? Would broker really go after the rest of the money?

giannis (giannis)
Mar 18 2020 at 12:57
15 posts
daviegpt posted:
giannis posted:
I LOVE these events

Yeah gonna be fun spending all that demo $$ at the shops...


I use Demo accounts to open my original trades with my SL and TP.
Then i use copy trading to copy my transactions to my live accounts (without copying SL and TP).
I do that because i do not want the brokers to see my TP and SL ,
so they cannot close them with a spike.
Finally i split my money to different brokers , because all brokers are market makers,
so i can be 'under the radar' . I keep 500$ max to each broker.


togr (togr)
Mar 18 2020 at 13:10
4862 posts
accelerator1 posted:
What happens if your stop is jumped and technically your losses are more than is in your trading account? Would broker really go after the rest of the money?

Yes it does

littlenomad
Mar 19 2020 at 11:13
1 posts
togr posted:
Hi there,

is it just me or anybody else is having trading issues due to Coronavirus outbreak?
I hate such events; Brexit were messing with trades for a long time and Covid could be even worse...


From my little world at home i just try to follow my rules, what i have noticed is that the moves are faster, and the daily ATR numbers are larger on the AUDUSD, i still have a difficult time following my bet size rule. I have the ATR in there as a way to say hey slow down, if the ATR gets to High i reduce the number of trades open at one time , not the number of units per trade. But alas i am still learning and controling my bet size is the main prob i have.

Good luck in your trading, yes i have noticed changes , how fast the price moves, but not a change in the rule set , so if my rules say buy im buying and if my rules say sell im selling, or at least should, my human behavior gets the best of me sometimes and i still have problems following my rules, and either luck saves me or i have a string of 5 or 6 loses as a slap on the wrist

Kingace (Kingace)
Mar 19 2020 at 12:41
40 posts
littlenomad posted:
togr posted:
Hi there,

is it just me or anybody else is having trading issues due to Coronavirus outbreak?
I hate such events; Brexit were messing with trades for a long time and Covid could be even worse...


From my little world at home i just try to follow my rules, what i have noticed is that the moves are faster, and the daily ATR numbers are larger on the AUDUSD, i still have a difficult time following my bet size rule. I have the ATR in there as a way to say hey slow down, if the ATR gets to High i reduce the number of trades open at one time , not the number of units per trade. But alas i am still learning and controling my bet size is the main prob i have.

Good luck in your trading, yes i have noticed changes , how fast the price moves, but not a change in the rule set , so if my rules say buy im buying and if my rules say sell im selling, or at least should, my human behavior gets the best of me sometimes and i still have problems following my rules, and either luck saves me or i have a string of 5 or 6 loses as a slap on the wrist


It's the only way to go, this month has been my best month for the past six months, i guess my strategy does well during volatile times

Proverbs 22 vs 29
Simon454532
Mar 20 2020 at 08:30
5 posts
Kingace posted:
littlenomad posted:
togr posted:
Hi there,

is it just me or anybody else is having trading issues due to Coronavirus outbreak?
I hate such events; Brexit were messing with trades for a long time and Covid could be even worse...


From my little world at home i just try to follow my rules, what i have noticed is that the moves are faster, and the daily ATR numbers are larger on the AUDUSD, i still have a difficult time following my bet size rule. I have the ATR in there as a way to say hey slow down, if the ATR gets to High i reduce the number of trades open at one time , not the number of units per trade. But alas i am still learning and controling my bet size is the main prob i have.

Good luck in your trading, yes i have noticed changes , how fast the price moves, but not a change in the rule set , so if my rules say buy im buying and if my rules say sell im selling, or at least should, my human behavior gets the best of me sometimes and i still have problems following my rules, and either luck saves me or i have a string of 5 or 6 loses as a slap on the wrist


It's the only way to go, this month has been my best month for the past six months, i guess my strategy does well during volatile times

Strange as it may seem but I earned this month although I did not think. All thanks to these sharp jumps in the stock market. But this is more an accident than the expected result. What is happening now in all markets, and I do not like it.

nemesiscoiled
Mar 20 2020 at 12:31
7 posts
Markets are too volatile now. Technical set ups need huge stop losses. I am used to 20 pips stop loss but technical now say Sl should be 200 pips!

Brussels88
Mar 21 2020 at 06:58
24 posts
Due to the corona virus most of the businesses have shut down or running slow where as the currencies are being dropped and marked going down rapidly, is this the best time to trade ?

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