maknz
21-10-2008, 12:01 PM
Hi,
I'm a bit of a lurker around here but just wanted to ask a question.
I entered a long demo trade on NZDUSD at 0.6208 and set my S/L at 0.6180. The platform closed at my stop at 11:37am this morning (21/10) and yet the chart shows the candle low, bottom of the wick, at 0.6184. Both 5m and 15m.
Can anyone explain this? Especially anyone else who uses Oanda..
I'm quite accepting of being stopped out (it happens frequently enough) but I'd like to know why I've been stopped at a level that is below the low of the candle.
If anyone can explain it would be appreciated. I started filling out the paperwork to open a micro acct. with Oanda but want to make sure I understand this stuff pretty thoroughly before going live (even if it is for spare change).
Regards,
mak
PS: As I've been writing this post the next candle has reversed back to my entry with no sign that price actually touched my S/L. Only a demoe acct, but still frustrating.
I'm a bit of a lurker around here but just wanted to ask a question.
I entered a long demo trade on NZDUSD at 0.6208 and set my S/L at 0.6180. The platform closed at my stop at 11:37am this morning (21/10) and yet the chart shows the candle low, bottom of the wick, at 0.6184. Both 5m and 15m.
Can anyone explain this? Especially anyone else who uses Oanda..
I'm quite accepting of being stopped out (it happens frequently enough) but I'd like to know why I've been stopped at a level that is below the low of the candle.
If anyone can explain it would be appreciated. I started filling out the paperwork to open a micro acct. with Oanda but want to make sure I understand this stuff pretty thoroughly before going live (even if it is for spare change).
Regards,
mak
PS: As I've been writing this post the next candle has reversed back to my entry with no sign that price actually touched my S/L. Only a demoe acct, but still frustrating.