Checking for error?

[nelsonyeap]

i preseted to sell at 1.0223 with stop loss 1.0233 on USDCHF at 2008/07/03 15:00, i lost but at that momment this chart was unable to get back to 1.0233(stoss loss point).
i hope i could get a feedback as soon as possible.
thaks for ur help!

[Renat]

Цитата(Yeap @ Jul 3 2008, 04:48 PM) 10198

i preseted to sell at 1.0223 with stop loss 1.0233 on USDCHF at 2008/07/03 15:00, i lost but at that momment this chart was unable to get back to 1.0233(stoss loss point).
i hope i could get a feedback as soon as possible.
thaks for ur help!


Hello Yeap,

Everything you see in the history consists exclusively of Bid prices, because only one element of the quote can be used for building a continuous sequence of OHLC prices.

The High price on July 3rd at 15.00 is 1.0232, which is a Bid as well. Short positions are supposed to be closed at Ask prices, and stop-losses placed on such positions are affected by Ask prices as well.

In this case, the Ask price was 1.0232+3=1.0235.

Just keep the spread in mind everytime you sell.