Market Price Hits My TP But Did Not Trigger Eventually ....Why ?

Jan 21, 2015 at 15:04
630 Görüntüleme
3 Replies
Jan 20, 2015 zamanından beri üye   5 iletiler
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




Ekler :

Jan 20, 2015 zamanından beri üye   5 iletiler
Jan 24, 2015 at 10:37
Nobody can advise me on this issue ?

:(
Jan 02, 2015 zamanından beri üye   1 iletiler
Feb 14, 2015 at 11:05
Sorry about that. Always work with the best in the industry.
Apr 19, 2014 zamanından beri üye   16 iletiler
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 is nothing lost or wasted in this life
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