foreigner said:For those that are new, take a look at my previous post in particular the "incomplete" candle on the IG platform!
Its clear that some Spread betting brokers 'blockout' OTE retrace zones on their platform preventing price from reaching the level effectively reducing the number of good entries and lowering our probability of success, I wish I knew this 2 years ago..
Below, Three Charts Three Different Stories..
Forex Ltd tests the 4hr orderblock and 618 but not the old high.
Oanda avoids the orderblock and 618 and somehow adds a 4hr candle and tests the old high.
And good old IG misses the mark altogether.
Tansen said:Interesting... with that said though at the same time Oanda has filled me for very dumb prices ignoring the spread and giving me something several pips away to hit my stop during non-news non-volatile hours... then again there was one time it literally gave me the market price for some reason lol. It was a USD/CAD trade and I showed Jack the position I took he said price NEVER touched it and if you looked at the Oanda feed it was to the pip as in it literally ignored the spread and gave me the price they get it at.
Jack said:It was "high tick", not an off market fill.
The market did touch your order's limit price, but only once, and right down to a few pipettes (1/10th of a pip) your limit order was set to. So the 'near impossible fill' was more about getting a fill where price pretty much never went against you, and you couldn't have set it any further away and still gotten filled. It just ran up, filled your short, and then ran down for you by 100+ pips.
Getting the 'high tick' or 'low tick' is just an uncommon thing. Usually people who get trades like that aren't trying for it, it just happens.
Jack said:Slightly off topic:
Jack said:Whoops, my mistake. Was just trying to lighten the mood.
foreigner said:Lighten the mood?! are you fucking serious? have you ever made any real money in life? I mean anything? Do you know what its like to be swindled out of your hard earned cash by the so called mentors and brokers in this business? Have you considered how many people are not lucky enough to have stumbled across this website before its too late?
I would say, at the very least, its the responsibility of the administrators of these websites to make newbie traders aware of the scams, This should be on the front page instead of that useless disclaimer, but no its all about "lightening the mood"?!
Get serious man, then if you want to lighten the mood watch this