Has anyone ever experienced something like this? It was during a news event, but as you can see price went I my direction and the green indicator shows the trade should have been closed in a positive balance, not a negative one.
My entries were 1801 and 1800 with a sl of 1801.4 and 1800.2. To was 1978 for both.
Any ideas?
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Zenas Phillips: Has anyone ever experienced something like this? It was during a news event, but as you can see price went I my direction and the green indicator shows the trade should have been closed in a positive balance, not a negative one. My entries were 1801 and 1800 with a sl of 1801.4 and 1800.2. To was 1978 for both. Any ideas?
No, price did not go in your direction.
- It was a Sell position, and your closing price was above the opening price, therefore it was a loss.
- It was a Sell position, yet your T/P was above the opening price instead of below it.
- There is also commission charges that need to be considered.
- You have to consider spread and slippage as well, especially during news events and other volatile situations.
It is very important to note that ...
- ... a Buy position, opens at the market's current Ask price, and closes at the Bid price
- ... a Sell position, opens at the market's current Bid price, and closes at the Ask price
Thanks man
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