To use chat, please login.
Back to contacts

Do you think you can turn $200 into $400 in six weeks?

AmberLynn
Jul 11 2014 at 23:48
241 posts
ahuruglica posted:
It happened on 7 Nov 13. Within one minute at 7:45 price moved 125 pips. Unfortunately the lowest time frame is 1 min and candlestick tells you when the first minute started and when ended, not much study inbetween. For a few seconds liquidity providers did not provide liquidity and the price gaped about 50 pips.



I had entry orders to buy at 1.3500 and 1.3480 with SL about 50 pips. Positions were open then closed within 0 seconds. Gap was about +50 pips. If I traded with money management like some traders are proud of, not only I would have blown the account, but probably would owe broker money.




 Once again.... Your order was opened and closed because your spread because the spread separated. Please do not post inaccurate things as this 'gap' thing, when the market is open. That is something which is impossible to occur. What happens is that when their is no liquidity the spread becomes higher then normal. In times of major news events the ask goes up and the bid drops. Since you spend more time typing then looking at a chart, allow me to share a video with you. The video which is being shared shows how the spread gets split further during certain moments (news events). Ahuruglica that is what had your order triggered, a widening in the spread. If you had a TRUE ECN BROKER, that would never occur.

Please fast forward the video to :55 and about 6 seconds later you will see the spread get wide.


AmberLynn
Jul 11 2014 at 23:53
241 posts
MyFxTrader posted:
ahuruglica posted:
Last year on ECB rate cut, on most brokers the price gaped about 50 pips. Do you need the graph?

 
Please attach the chart for ease of reference.


 What he is claiming is unfortunately untrue as it can not be proven. What he is mentioning is something which occurs MOSTLY in stocks. As stocks gap up/down when the market is closed! When the market is open the price can not just gap to a certain place. That is untrue and he has yet to be able to provide information which proves what he is claiming.

ArdiFX (ahuruglica)
Jul 12 2014 at 06:45
852 posts
I know your ego does not allow you do accept anything.

ArdiFX (ahuruglica)
Jul 12 2014 at 07:01
852 posts
When big news come out, on most brokers trading platform freezes for a few seconds.

When comes online the price is different that is was before, meaning from one price to the other without trading in between.

Which is definition of a GAP.


P.S. I did not watch the video because it is irrelevant. Spread widening means you get stopped faster, but at the price and not 50 pips difference.

MyFxTrader
Jul 12 2014 at 08:43
170 posts
ahuruglica posted:
It happened on 7 Nov 13. Within one minute at 7:45 price moved 125 pips. Unfortunately the lowest time frame is 1 min and candlestick tells you when the first minute started and when ended, not much study inbetween. For a few seconds liquidity providers did not provide liquidity and the price gaped about 50 pips.



I had entry orders to buy at 1.3500 and 1.3480 with SL about 50 pips. Positions were open then closed within 0 seconds. Gap was about +50 pips. If I traded with money management like some traders are proud of, not only I would have blown the account, but probably would owe broker money.




Thanks, looking at the chart you posted, I see that you regard a 'spike' to be a 'gap'..

ArdiFX (ahuruglica)
Jul 12 2014 at 09:20
852 posts
@MyFxTrader

As i stated the chart is 1 min time frame. It is not possible to get more information than from what happened from minute to minute. As we know, minutes are divided to seconds, and even seconds are divided to milisecond, then nanoseconds up to plank time.

1 minute timeframe is snapshot to snapshot in one minute in between. As like If you open your eyes for a tiny fraction of a second and you keep them close for a minute. You might think you get to much information, but you don't. A lot can happen in a minute.

Another explanation is, you cant see cells or bacteria with naked eye. You need a microscope to do that.

It it was possible to enlarge the the chart to seconds or miliseconds, gap would be visible.

Hope I'm clear.
Regards


AmberLynn
Jul 12 2014 at 12:28
241 posts
MyFxTrader posted:
ahuruglica posted:
It happened on 7 Nov 13. Within one minute at 7:45 price moved 125 pips. Unfortunately the lowest time frame is 1 min and candlestick tells you when the first minute started and when ended, not much study inbetween. For a few seconds liquidity providers did not provide liquidity and the price gaped about 50 pips.



I had entry orders to buy at 1.3500 and 1.3480 with SL about 50 pips. Positions were open then closed within 0 seconds. Gap was about +50 pips. If I traded with money management like some traders are proud of, not only I would have blown the account, but probably would owe broker money.




Thanks, looking at the chart you posted, I see that you regard a 'spike' to be a 'gap'..


 You'll simply go into loops speaking to him, as in his mind the market can 'GAP' when it is open. It's evident that he hasn't the slightest clue as the difference between a GAP AND SPIKE. Have a nice weekend.

ArdiFX (ahuruglica)
Jul 12 2014 at 12:41
852 posts
@MyFxTrader

Small gaps are easily visible every day. If you watch closely bid or ask price. Doesn't matter. For example price jumps from example from 1.3606 to 1.3608 (without trading 1.3607). That happen very often. If your broker offers charts on very short time frame gap will be visible.

Definition of gap is: price movement up or down with no trading in between.

I think there is no need for further explanation on the subject. Hope I'm clear and MK does not interfere, because I'm not referring to him.

Kind regards.

MyFxTrader
Jul 12 2014 at 13:17
170 posts
To put it into perspective, here's an illustration of a 'gap'..




ArdiFX (ahuruglica)
Jul 12 2014 at 13:29
852 posts
@MyFxTrader

Clearly you don't understand 'time frame'. As I tried to explain many times. If you create same chart on monthly time frame gap would not be visible.

If you create monthly graph, you cant see the gaps from week to week (or day to day on stocks)

As if you create 1m chart you can't see what happened second to second.

Topic is locked