Is it possible for a stop loss to be triggered 18 pips below your actual stop loss during news events? I was on 5ters and had a trade open an hour before the news. My prediction was correct, but I got stopped out due to a wick on both sides.
I’m okay with being stopped out 9 pips from my entry, but the stop loss was actually triggered 27 pips from where I placed it. That doesn’t seem normal. 5ters say trading the news is allowed, but with this kind of slippage, it feels impossible. My stop loss was set at 1.09243, but it triggered at 1.09094! This is really disappointing. Has anyone else experienced this? What do you think?
I did really badly on USD/CAD because I thought it wouldn’t go higher than the resistance level after what happened last night. I woke up to a big bull run this morning. Honestly, I’m just accepting a $3,000 loss and reevaluating my strategy.
The spread was crazy for sure. I should have just removed my stop losses before the news instead of widening them. Because of that, I lost $150 instead of making $400. I’ve heard it’s pretty common for JPY pairs. It was a good lesson today.
Remember last week? The NFP report had no wick downwards, and as soon as the candle opened, it shot up. I really think whoever is behind this kind of movement does it on purpose. They made people believe it could happen again, so many didn’t close their positions and ended up getting wiped out by the wild swings.
P.S. I’m one of those people, and I’ll never have an open position during events like this again.
Has anyone else experienced this? What do you think?