At 10pm the spread is no longer 2pts! Its around 10pts or so, mirroring the liquidity in the night SPI.
Imo suicide to trade it when against marketmakers in an illiquid mkt.
Hi James Austin,
I have had this experience many times before and actually raised the topic here once 'Stops being targeted'. It happens more often than coincidence. I was shot down by I suspect CFD clientel and operators.
I only place stops manually now and success rate has increased dramatically.
Have to add I had an interesting experience the other night trading US Crude withj another CFD company. My order triggers weren't being filled so I rang to make an enquiry when the displayed price was actually over 20pips from my order, client services asked me (generously) if I wanted it filled, I stated "yes" obviously, so they filled it there and then.
How can an order be filled when the actual price is over 20pips away from my order and moving further away?
I have my own thoughts on this. Honesty isn't one of their industries strong points.
Hi barney,
1) Did they fill your order at the original price?
Yes, that's what amazed me. I went long on a spike bottom and the price was well on its way back up. They may have had some short orders left to fill would be my thoughts.
2) You would have immediately been 20 points in credit (minus spread of course) .. yes??
That's correct, I was immediately in profit so just rode it out for a quick profit.
3) Did you close the position out immediately and take the 20 points?
Left it to go on its merry way the way I planned.
4) If so, did the close order get filled immediately?
All orders were then filled immediately as per usual.
Rather not mention the company, but I am sure they all have this capability.
Guys - been playing my usual games with IG as its getting to hard to touch up CMC. Is it just me or their way of closing me down or is it the buggiest interface going around????
Seems to crash on entries so I have no idea whether they went thru or not. I have never rang a dealing desk so often
That of course is if I can actually log in in the morning.
Guys - been playing my usual games with IG as its getting to hard to touch up CMC. Is it just me or their way of closing me down or is it the buggiest interface going around????
Seems to crash on entries so I have no idea whether they went thru or not. I have never rang a dealing desk so often
That of course is if I can actually log in in the morning.
really!! . . . that hasnt been my experience so far, but u r doing a heap more trades than me.
my only irritation to date has been them executing my stop when price didnt reach my stop . . . hope that doesnt happen again; when i challenged this, they told me the "charts are indicative" which is code for inaccurate and skewed in their favour
also, IG loves to move the deal ticket prices rapidly, [even when the price is relatively stationary on the chart] when compared to other providers,
i'm convinced this is a means of disorientation, making it difficult to hone in on and execute a preffered at market price.
Guys - been playing my usual games with IG as its getting to hard to touch up CMC. Is it just me or their way of closing me down or is it the buggiest interface going around????
Guys - been playing my usual games with IG as its getting to hard to touch up CMC. Is it just me or their way of closing me down or is it the buggiest interface going around???? Seems to crash on entries so I have no idea whether they went thru or not. I have never rang a dealing desk so often
Nah!! games over for CMC you can't get anymore than $20 a tick. That just not going to interest me.
If I understand what I was told today, from next Mon their competitor IGIndex will most likely close positions if you don't have the money in your account without an opportunity to pay the margin (and won't be calling even for you to pay it).
Thats exactly the way it should be.
I'd sign something to keep the money there even if they'd let me!
Sorry, not clear on my part looking back.did that statement make sense?? ---- i tried to understand what that meant but couldnt quite work it out -------- maybe its the beer!!
Sorry, not clear on my part looking back.Was trying to say, that I'd like to have that money (that's now required by IGindex) for a long-term position that may turn into a loss greater than the initial deposit sitting in a home loan rather than wasting away in the IGIndex trust account. I was trying to say I'd be willing to sign something to guarantee or prove to IGIndex that the money will be there to pay any margin payments as required (I know it's not something they'd do)! I'd like the keep a long term position open with the initial deposit amount only (with a stop on the order to the point where my home loan has some money left still). Once he position is opened, I'd make margin payments as required after the position is open, should my position drop gradually or suddenly go against my expectation. But I guess they're essentially wanting all orders to practically come with "guaranteed stops" with the full amount deposited before the position is opened.
I'd like the keep a long term position open with the initial deposit amount only (with a stop on the order to the point where my home loan has some money left still).
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