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Market Price Hits My TP But Did Not Trigger Eventually ....Why ?
Jan 21, 2015 at 15:04
823 Views
3 Replies
Member Since Jan 20, 2015
5 posts
Jan 21, 2015 at 15:04
Hi Fellow Experience Traders
I am fairly new to forex trading
Hence I really need your expertise & experience on this issue that I am facing with my broker
( Which is IC Markets )
Because somehow the " answers " that IC Markets gave so far
just do not sound RIGHT to me though !
I am very helpless at this point
Sincerely hope you guys can advise me accordingly
I Sell Short USDRUB positions on 15th DEC 2014
My TP = 59.25788 ( please refer screenshot 1 below )
On 16th DEC 2014
The " Lowest ASK " of the day actually hit 59.128
As indicated on the " Tick Data " sent from IC Markets itself !
( please refer TickData CSV attached )
When 59.128 ASK Price occurred
My SELL SHORT USDRUB positions should be " out " of the market .....right ?
But IC Markets said there's " no liquidity from provider " !
Is it that I have to SUCK it up and accept that ?
Can't do anything else at all ?
:(
Please advise
I am fairly new to forex trading
Hence I really need your expertise & experience on this issue that I am facing with my broker
( Which is IC Markets )
Because somehow the " answers " that IC Markets gave so far
just do not sound RIGHT to me though !
I am very helpless at this point
Sincerely hope you guys can advise me accordingly
I Sell Short USDRUB positions on 15th DEC 2014
My TP = 59.25788 ( please refer screenshot 1 below )
On 16th DEC 2014
The " Lowest ASK " of the day actually hit 59.128
As indicated on the " Tick Data " sent from IC Markets itself !
( please refer TickData CSV attached )
When 59.128 ASK Price occurred
My SELL SHORT USDRUB positions should be " out " of the market .....right ?
But IC Markets said there's " no liquidity from provider " !
Is it that I have to SUCK it up and accept that ?
Can't do anything else at all ?
:(
Please advise
Member Since Jan 20, 2015
5 posts
Jan 24, 2015 at 10:37
Nobody can advise me on this issue ?
:(
:(
Member Since Jan 02, 2015
1 posts
Feb 14, 2015 at 11:05
Sorry about that. Always work with the best in the industry.
Feb 14, 2015 at 21:58
Your broker's reply can be correct. When there are too many buyers vs sellers at the stated lowest price, then only some/few buyers be able to filled at the lowest price. As more buyers are still eager to fill but no more sellers, the bid price will go up quickly - supply vs demand.
There are brokers will very low liquid providers (participants or volume activity). Look for brokers with high liquidity to begin with - so that your limit orders have higher success in filling.
There are brokers will very low liquid providers (participants or volume activity). Look for brokers with high liquidity to begin with - so that your limit orders have higher success in filling.
There is nothing lost or wasted in this life
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