MajorMagnuM
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talk aboout a bad fill
jesus i was long uc with 8 ip stop and got hit for 30
hey all
apologies but again other matters have dragged me from the charts ...........I see that after some early falls the usd had a great Asian session overnight through to London session.........then following the challenge to weekly highs its taken a tumble more recently
scalpwise the usd is definitely looking north so lets see if that builds
later
N
HI MM
Back now for an hour or so
Question - did you take a new scalp prior to news ??
If so - you should not
Its ok being in a trade with a stop in profit and risking it etc - but any red news can have spike both ways before a proper move
Price structure for the UCad was still lower - but purely scalp wise it was a buy from 1 21 pm and went up 6 pips before the drop
I would never take a new scalp prior to news - too dangerous
Yes jump in - ideally 9 mins afterwards when the dust as settled - but news is an excuse to fry any scalper who tries to enter a few mins before hand
I will say though the 30 pip fill is extremely bad even at news - worth complaining about if on live account
Also when I have scalped red news by entering after say 30 secs or a minute with live money - you can get slippage - but normally 1- 3 pips - -and then you cannot always get out easy
News is a great excuse for brokers to have plenty of reasons why you would lose your money
So - either stop in profit prior to announcement - but even then the broker might mot guarantee it - but your argument is on your side as it was pre news and most good brokers would side with you.
Or - wait for 3 to 9 mins after announcement to catch PA off a tick chart
Regards
F
technically looking at USD scalp buys since 13.50pm........gbp has been the best pairing to support this ...........Cad not bad ....even NZD eventually........
EUR has been a dog
N
2 43 pm
Gu
Should carry on falling on any pullbacks staying under 5677
A scalp buy from 2 30 pm - and 5648 - but will be looking for scalp sell again under 77
2 39 pm
EU
need 2433 and 36 to be scalp buying now - or even holding any on from 2407 low
No 2433 and 36 - then further tests of low and maybe under 2400