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  • #2,401
  • Aug 8, 2011 2:11am Aug 8, 2011 2:11am
Quoting Marv
Sure they do.
Huh?
  • #2,402
  • Aug 8, 2011 5:29am Aug 8, 2011 5:29am
Quoting Marv
Sure they do.
how does the weekend spread affect you if you're already in the market?
Best Regards Moneymike
  • #2,403
  • Aug 8, 2011 5:48am Aug 8, 2011 5:48am
Quoting moneymike
how does the weekend spread affect you if you're already in the market?
by taking out your stoploss
  • #2,404
  • Aug 8, 2011 5:55am Aug 8, 2011 5:55am
Quoting zonrokoy
by taking out your stoploss
Once your in a trade you lock your spread Philodox said that he was in before the market closed for the weekend, So he likely was not quoted the weekend Spread, Logic would dictate that the reason he was taken out was a spike.
Best Regards Moneymike
  • #2,405
  • Aug 8, 2011 6:14am Aug 8, 2011 6:14am
Quoting moneymike
Once your in a trade you lock your spread Philodox said that he was in before the market closed for the weekend, So he likely was not quoted the weekend Spread, Logic would dictate that the reason he was taken out was a spike.
Youve got to be joking!
  • #2,406
  • Edited 6:45am Aug 8, 2011 6:34am | Edited 6:45am
Quoting traderjai_inhi
Youve got to be joking!
Then you tell me how can the spread increase affect you After you've already entered a trade at a lower spread
If i was in a trade before a news event and paid 2 pips and i decide to keep it open during the news event and spreads increase to 15 pips the spread increase is not objective to me. the hike is objective to me.

Maybe you didn't understand my answer or maybe you don't understand how spreads work.
Best Regards Moneymike
  • #2,407
  • Aug 8, 2011 8:13am Aug 8, 2011 8:13am
Quoting moneymike
Then you tell me how can the spread increase affect you After you've already entered a trade at a lower spread
If i was in a trade before a news event and paid 2 pips and i decide to keep it open during the news event and spreads increase to 15 pips the spread increase is not objective to me. the hike is objective to me.

Maybe you didn't understand my answer or maybe you don't understand how spreads work.
You enter a trade at 2 pip spread. You expect a 30 spread widening during the weekend and set your stoploss in such a way that you remain safe from this. But then your bröker decides to widen the spread to 90 pips instead and your stop is taken out. That's an example.

Now unless you trade with huge stop losses, how you would consider unexpected/crazy spread widening during an open trade as having no effect on the trade I have no idea.
  • #2,408
  • Aug 8, 2011 8:24am Aug 8, 2011 8:24am
Quoting Marv
You enter a trade at 2 pip spread. You expect a 30 spread widening during the weekend and set your stoploss in such a way that you remain safe from this. But then your bröker decides to widen the spread to 90 pips instead and your stop is taken out. That's an example.

Now unless you trade with huge stop losses, how you would consider unexpected/crazy spread widening during an open trade as having no effect on the trade I have no idea.
what your talking about is price movement not spread increase. you set a trade in something unexpected happens during the weekend when the market opens the price moves to reflect that event for example a Chinese rate hike, or idk the us being downgraded.
the only way spread can take you out is if you open a trade with 30 sl while the spread is 60.
Best Regards Moneymike
  • #2,409
  • Aug 8, 2011 8:28am Aug 8, 2011 8:28am
Quoting moneymike
what your talking about is price movement not spread increase. you set a trade in something unexpected happens during the weekend when the market opens the price moves to reflect that event for example a Chinese rate hike, or idk the us being downgraded.
the only way spread can take you out is if you open a trade with 30 sl while the spread is 60.

Uhm, no. It is the difference between the bid and the ask.

You do realize that the spread is the difference between the two dont you?
  • #2,410
  • Aug 8, 2011 8:34am Aug 8, 2011 8:34am
Quoting moneymike
what your talking about is price movement not spread increase. you set a trade in something unexpected happens during the weekend when the market opens the price moves to reflect that event for example a Chinese rate hike, or idk the us being downgraded.
the only way spread can take you out is if you open a trade with 30 sl while the spread is 60.
  • #2,411
  • Aug 8, 2011 9:03am Aug 8, 2011 9:03am
look at your chart Look at what it closed at on friday and what it opened at on sunday it's almost never the same. You got to account for a price spike
Best Regards Moneymike
  • #2,412
  • Aug 8, 2011 9:28am Aug 8, 2011 9:28am
Quoting moneymike
look at your chart Look at what it closed at on friday and what it opened at on sunday it's almost never the same. You got to account for a price spike
What?! It's the same 99.9% of the time. Prices actually moved this weekend which was expected due to the major news released after market close on friday but that is very rare. Chances are you have your weekend data hidden and are not seeing when prices actually start moving which is usually somewhere between 11am to 1pm EST. If you have that hidden you'll see a "gap" which isn't really a gap. Most of the mt4 shops don't open til around 5pm EST and those traders see the "gap" not realizing that price has been moving for hours prior and it's just that their platform isn't showing it but price did open at Friday's close. Enable show weekend data and look for yourself.
  • #2,413
  • Aug 8, 2011 1:48pm Aug 8, 2011 1:48pm
I trade with Oanda for 2 years, and maybe because I don't trade in news time I have no complains. No broker is perfect but Oanda is pretty good.
  • #2,414
  • Aug 8, 2011 1:56pm Aug 8, 2011 1:56pm
Quoting Lonestar
prices actually moved this weekend which was expected due to the major news released after market close on friday
Exactly what ive been saying it was price movement that took Him out and Not spread increasing over the weekend. i've kept trades opened over the weekend lots of time and never was taken out by spread increase.
Best Regards Moneymike
  • #2,415
  • Aug 8, 2011 2:00pm Aug 8, 2011 2:00pm
Quoting moneymike
Exactly what ive been saying it was price movement that took Him out and Not spread increasing over the weekend. i've kept trades opened over the weekend lots of time and never was taken out by spread increase.

it was the price movement and the spreads. Actually, spreads are there all the time, spreads is the difference between buy and sell price. So it affects us all the time because when we wants to buy or sell, we have to do it at the current market price with the spread set by our broker.
  • #2,416
  • Aug 8, 2011 2:19pm Aug 8, 2011 2:19pm
Quoting moneymike
Exactly what ive been saying it was price movement that took Him out and Not spread increasing over the weekend. i've kept trades opened over the weekend lots of time and never was taken out by spread increase.
My comment had nothing to do with whoever got stopped it over the weekend. It was in reference to you saying the price rarely opens on Sunday where it closed on Friday which was incorrect. This weekend was a rarity where price actually moved over the weekend but that is not the norm by any stretch of the imagination. Now about the person who got stopped out. All they have to do is show weekend data and add a high ask and low bid price overlay and look and it will be easy to see if it was the weekend price movement or the spread increase beyond the normal increase which happened this weekend or a combination of the both.
  • #2,417
  • Aug 8, 2011 3:40pm Aug 8, 2011 3:40pm
Quoting Philodox
it was the price movement and the spreads. Actually, spreads are there all the time, spreads is the difference between buy and sell price. So it affects us all the time because when we wants to buy or sell, we have to do it at the current market price with the spread set by our broker.
Question roughly What time did you open The trade?
Best Regards Moneymike
  • #2,418
  • Aug 8, 2011 3:48pm Aug 8, 2011 3:48pm
Quoting moneymike
Question roughly What time did you open The trade?
before the weekends where the spread is like 2pips+

and i gave it to them since the market was really like crazy at that time. But i compared with other another broker(citifx pro) their spreads were far lower back then. 60pips is just insane. But citifx pro has got high minimum requirements to trade with them. So, well..
  • #2,419
  • Aug 8, 2011 3:49pm Aug 8, 2011 3:49pm
Quoting Lonestar
My comment had nothing to do with whoever got stopped it over the weekend. It was in reference to you saying the price rarely opens on Sunday where it closed on Friday which was incorrect. This weekend was a rarity where price actually moved over the weekend but that is not the norm by any stretch of the imagination. Now about the person who got stopped out. All they have to do is show weekend data and add a high ask and low bid price overlay and look and it will be easy to see if it was the weekend price movement or the spread increase beyond the...
This was the scenario someone opened a Trade before the market closed, allowed it to run over into the weekend. their trade was stopped out and they are blaming weekend spread as the culprit.
my point is once you lock a spread any other spread quoted doesn't affect you and his trade was more likely closed due to price movement. I have seen price began to move as soon as 3pm on a Sunday while the market still has 3 hours till officially opening. for any other broker other that doesn't show weekend data this is a Spike gap whatever you want to call it.
Best Regards Moneymike
  • #2,420
  • Aug 8, 2011 3:52pm Aug 8, 2011 3:52pm
Quoting moneymike
This was the scenario someone opened a Trade before the market closed, allowed it to run over into the weekend. their trade was stopped out and they are blaming weekend spread as the culprit.
my point is once you lock a spread any other spread quoted doesn't affect you and his trade was more likely closed due to price movement. I have seen price began to move as soon as 3pm on a Sunday while the market still has 3 hours till officially opening. for any other broker other that doesn't show weekend data this is a Spike gap whatever you want to call...
Have you ever heard of bid and ask?
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