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Price Manipulation?


Guest Obelius_Titan

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Guest Obelius_Titan

Hi all,

This is my first post on here and I was hoping someone could answer a question for me. I had a long position on AUD/USD which was going badly. However, my stop loss hadn't been hit yet and the market was showing some tentative signs of retracement, where I was hoping to get out with minimal damages.. Until BAM, I get hit with this wick in the last 5 minutes before market close. Now, I've checked various other exchanges on Trading View and none of them had a wick anywhere near as violent as this one. Some of them didn't have a wick at all!
And lastly, the wick reached 0.67775, which just barely tagged my stop loss, however, my position was closed at 0.67757.
Could anyone please tell me:

A) Is this wick just IG trying to f$&# me over through some kind of price manipulation? Because if so, how are they allowed to get away with this?

and B) How is it that my position closed lower than where the price even reached?

Needless to say, I'm not very impressed but I'm going to assume it's only my own ignorance that I should be upset about. Any help would be appreciated!

Regards,

OT

Wicked out.PNG

Edited by Obelius_Titan
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Guest Natalie
On 09/08/2019 at 16:46, Obelius_Titan said:

Hi all,

This is my first post on here and I was hoping someone could answer a question for me. I had a long position on AUD/USD which was going badly. However, my stop loss hadn't been hit yet and the market was showing some tentative signs of retracement, where I was hoping to get out with minimal damages.. Until BAM, I get hit with this wick in the last 5 minutes before market close. Now, I've checked various other exchanges on Trading View and none of them had a wick anywhere near as violent as this one. Some of them didn't have a wick at all!
And lastly, the wick reached 0.67775, which just barely tagged my stop loss, however, my position was closed at 0.67757.
Could anyone please tell me:

A) Is this wick just IG trying to f$&# me over through some kind of price manipulation? Because if so, how are they allowed to get away with this?

and B) How is it that my position closed lower than where the price even reached?

Needless to say, I'm not very impressed but I'm going to assume it's only my own ignorance that I should be upset about. Any help would be appreciated!

Regards,

OT

Wicked out.PNG

 

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