By ScalperAndy · Posted
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Question
TraderGT1
Hi guys,
I thought I would share another experience on my trading journey and it's one that appeared from nowhere like a Tyson uppercut. I'm hoping you can share your experiences so other may benefit.
= ENTRY =
I identified a solid entry for a short trade on GBPNOK. Even with my broker spread of 80 pips it was still worth the entry.
My execution chart was the H1 so SL was placed on the safe side of the 200EMA on a bearish correction from earlier volatility. TP was placed just less that half way into previous price's supply and demand zone. (See bottom pic).
While I was filling in my trading record I heard the broker ping indicating the trade had closed. I checked and indeed it had. The chart did not display a hit on the SL so I rang the broker. During this time I noticed the spread was erratic and fluctuating from 80 to more than 200.
= BROKER COMMENT =
The broker informed me that because it was a sell trade the relevant price to view was the ASK price and not the default MID price. (See top left pic). I switched price views and I saw significant bullish spike on the M15 chart which had exceeded my SL. (See top right pic).
And then this morning the TP was hit.
= DISCUSSION POINTS =
Has anybody experienced this before? Do you switch candle views before you trade long and short? How can we prepare for this on our entries? What is your broker spread on GBPNOK?
Thank you for reading and sharing your experiences if you do.
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