Thursday, September 15, 2011

Spread Widening

Some of the brokers tricks are well know to all of us. Today I encountered an old friend of ours: spread widening.

A perfect example of stops been taken out, without actually surpassing the high/low, of the day happened today.

AUDCAD provided a perfect sell opportunity today. While one of my feeds/broker took out my stops above the daily high, the other didn't quite perform the same way.

The spreads were widened aggressively due to the jobless claims news in the US.

Oh well...

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