Placing a stop doesn´t garantee a fill at the stop price. It simply triggers an order at that level. So fur sure that is not an excuse for a refund.
Euro volatility today best to be cautious. I am a "micro scalper" so I go for $10-$20 per scalp on lot sizes of $100k-$200k with targets in the 1.8 - 2.4 PIP range. In and out pretty quickly. But this is not safe/tradable during the news period right now, immediately following ECB statement on Quantitative Easing, etc... especially following on from the Swiss Franc "tsunami"... At least I avoid long term exposure LOL HyperScalper
Check out the DAX NUTS all day, standing down also, wait till US open +30mins I guess. "Slow Scalper" got for $100 - $300, 10 - 30pips per trade, SL 10, get in, hold for the move, take it and be happy, repeat.
Yes, man, reducing "total market exposure time" is a great goal. But it ain't easy. Also I get pricing efficiency with a high proportion of "wholesale pricing" on LMAX so I'm able to achieve that. But biggest issue in short term trading, aka "turning wiggles into money" is accurately determining the trend, and News Events such as this ECB stuff "swamps" technicals temporarily. Good Trading ! HyperScalper
I only trade in slow sideways chop, or better still slow with trend chop, too risky with a tight SL to even bother in madness really.
Exactly. If you are successful in micro trend identification, then profit extraction can be done reliably in these quiet conditions, which most traders consider "untradable". I assume your technique includes resting limits outside the "deflection envelope" of the market so you get price control..... Me, I use fast "snap triggering" to get me in, and then usually resting target limits to get out (with wholesale price improvement). The wholesale bit improves "price efficiency" meaning extraction of a given profit level, from a given market price movement. Strictly retail entry and exit has worse "price efficiency" in general, for "micro" or "nano" scalping. But you can't beat the safety of "limited exposure time" to the market. HyperScalper
Nothing fancy, I just use standard 24SMA Envelopes to judge range and direction, market order in and out not got a fancy account with fancy methods sadly. Longer you hold the more of a gamble your taking ofcourse, average hold is likely 6mins for me, some go up to 1 hour maybe but they generally fail so try to avoid those.
Well, my goal is profit extraction with minimal exposure. The downside of that, of course, is that it takes "time" for price to move; so if you're going to do trades which run to completion in under 3 minutes (or sometimes 1.5 seconds) then you're going to have to commit larger Lot Sizes, and "high tech" exchanges like LMAX, and with larger lot sizes comes "risk" so your Analytics have to be 95% correct. So it's a bit of an "arms race" but then it achieves the "low exposure time" goals and controllability. It's nowhere as "extreme" as, say, an arbitrage approach; but does rely on high technology custom platforms and brokerages. Good Trading ! HyperScalper
I can make enough for me, on my Ipad Mini on a good day I'll add, with just a FXCM spot account and TradeInterceptor. Fancy toys do sound nice but hey