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micoltrading

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  1. Thanks Mark. Unfortunately you have misunderstood my point and my concern as well as the true repurcussions. Don't worry. You will eventually get it. cheers.
  2. This afternoon the Australia 200 CFD was adjusted down for dividends as shown above. The problem I have with this is that, whereas our cash account is adjusted to compensate for this, our stops are not adjusted so I was triggered out of a trade thereby losing my risk margin. The real market made no such move and, in fact, rose to the level I had set minutes earlier to get out of the trade for breakeven. So I lost money on the trade only because of the adjustment made by IG. I checked FXCM and OANDA platforms to confirm that they had made no such adjustment, and the cash market did not reflect this adjustment either. Really, if these arbitrary index adjustments are to be made, stops should automatically be adjusted by the system also. Further, if we have open positions in any index that is about to be adjusted, we should be sent a notice at least 24 hours before the adjustment so we can decide to exit our positions as we do not know how much the error will be. I believe that we should be compensated for losses on such trades as the stop was not really hit. Further, the new arbitrary price level of the index going forward no longer relates to the real-world price on the exchange, and the support and resistance levels form the historic prices on the charts become meaningless. This is all very confusing and I am unclear as to how IG expects us to deal with these factors. I would welcome some comments on this as I am unsure how to move forward in such an environment.
  3. This afternoon the Australia 200 CFD was adjusted down for dividends as shown above. The problem I have with this is that, whereas our cash account is adjusted to compensate for this, our stops are not adjusted so I was triggered out of a trade thereby losing my risk margin. The real market made no such move and, in fact, rose to the level I had set minutes earlier to get out of the trade for breakeven. So I lost money on the trade only because of the adjustment made by IG. I checked FXCM and OANDA platforms to confirm that they had made no such adjustment, and the cash market did not reflect this adjustment either. Really, if these arbitrary index adjustments are to be made, stops should automatically be adjusted by the system also. Further, if we have open positions in any index that is about to be adjusted, we should be sent a notice at least 24 hours before the adjustment so we can decide to exit our positions as we do not know how much the error will be. I believe that we should be compensated for losses on such trades as the stop was not really hit. Further, the new arbitrary price level of the index going forward no longer relates to the real-world price on the exchange, and the support and resistance levels form the historic prices on the charts become meaningless. This is all very confusing and I am unclear as to how IG expects us to deal with these factors. I would welcome some comments on this as I am unsure how to move forward in such an environment.
  4. Why is the daily chart for AMP.ASX so different from what the ASX chart shows. Your prices are incorrect.
  5. This happens because orders are filled on Buy and Sell Bids, not the midprice or what the cash market calls Last Price. So if you place an order to Buy it will be filled at an Offer or Sell bid. This will be the higher of the two quotes you normally see. The difference between the Buy and Sell bids is the spread and this can vary during the session, particularly in the overnight session. It can get several points wide making it more likely that your order will be triggered. I suspect you are not looking at the right chart. You can look at a Sell price chart, a buy price chart or a mid-price chart. If you look at all three you will find that one of them shows that the order price was actually hit because it operates on bid. I hope this helps.
  6. How do you explain the range on today's bar for ANZ (on ASX)? The low in no way relates to the cash market that never went anywhere near this ridiculous low. What has this done to people's positions?
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