Hi Folks, hi Sive
the week did not end up very well for me, even though it had best chance to become a very ! successfull week .
Reason being , that Non-Farmer Payroll variation only increased a little bit instead of satifying expactations and increase up to 203 K :
In consequence value of the currency USD dropped and the Fx-pair EUR.USD raised . Results were
so baldy off expactations, that a "spike" was generated . Panic in the markets made the quotes change
with one ms to the next ms from ( I believe : ) 1,1160 to values of approx 1,1215...1,1225 . I could not find any
quotes inbetween .
I had trades with Broker Oanda ..... which had most BE - SL ´s and were all closed at losses :
And I had an
important position with IB at 1,11807 , this was "protected" at 1,11775 and 1,11800 . This is what happend to me :
Sive , first , I heard well you saying in the video that each one must decided for himself, what he/she does , stay in the market or leave ( even if you would not have said it, it is logical to me ) . I am a trillion miles away from pointing at anybody but myself because of this loss . But I must learn, this may not happen to me again :-(
Is there lesson learned to stay out of the marktet if important news are to come ? If so, what qualifies as "important" , only payroll news of the US ? Which markets ? Only USD as most important ? Is there any rule of thumb at all ?
Disussing with IB yesterday, they explained me, that my orderrouting would be set for Bid/Ask and I could consider "Midpoint" ...... this would have helped (?) . Any input to me, in which direction this hint is pointing too ?
Are there brokers with guaranteed order execution at desired prive ?
Thx
Lobotrader