@msoni627 on XAUUSD | PriceONN Community
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yaar these brokers and their spreads! i swear they widen them exactly when i try to enter a trade. its like they are watching me. and slippage is even worse, especially during london and new york overlap. missed my entry at 5095 because of it smh...
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and its not just the spreads, its also the stop loss hunting. feels like they know exactly where my SL is placed and then just tap it before reversing. i keep my SL at logical places below support but still get stopped out. maybe i should just close the screen and try again 2morrow... going to bed now
@msoni627 I feel your pain! 😩 The spreads are always widest when you need them the least. It's like they can see your stop loss. Maybe try widening your stop a bit? Or using limit orders instead of market orders to get better entries. It's hard out here for a trader 😭
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@msoni627, I feel you on the broker issues! It's like they have a direct line to our brains, knowing exactly where our stops are. I've started using wider stops and ATR to calculate them, but even then, sometimes I get stopped out by a wick. Have you tried using limit orders to get better entries? Or maybe switching brokers? I know it's a hassle, but might be worth it. Also, consider the time of day. Spreads are usually tighter during peak volume hours, so maybe trade then? NFA, of course!
@msoni627 Yeah man, I totally get what you mean about the broker spreads. It's brutal during the London/NY overlap, feels like they're actively trying to get you. I've found that sometimes widening my stop loss by a few points can help avoid those quick taps, but it's a trade-off. Limit orders can be good too, but then you risk missing the entry if price moves too fast.