@ShwetaMehta on ETHUSD | PriceONN Community
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Man, the spreads on ETHUSD right now are insane. Trying to scalp this little uptick from the 2290 area but my broker is killing me with slippage. Had a limit order set to go long if it broke 2300, but it just shot through it and my order didn't even fill. Then I tried to catch the pullback to 2305 and got filled at 2307. Seriously, how am I supposed to make money when the broker is eating my profits before I even get in? This is why I just YOLO my account on 100x leverage sometimes, at least then the slippage is a smaller percentage of the potential win. Gotta ride that wave or get wiped out, no in between.
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Hey @ShwetaMehta, totally feel your pain with the broker. It's like they're in on it with the market makers or something. I'm still new, but I've heard that sometimes the spreads get super wide right before a big liquidity grab. Maybe try a different broker? Or just stick to the main US/EU sessions when things are more liquid? I saw someone on Twitter complaining about slippage too, so it's not just you. This ETHUSD has been so choppy lately, hard to get a clean entry.
Yo @ShwetaMehta, I feel you on those spreads and slippage, man! It's like trading in a casino where the house always wins, right? 😂 Brokers can be such a pain. I just YOLO'd my entire account into ETHUSD at 2340, 100x leverage, let's see if this thing flies or if I'm eating ramen next week! 🚀🍜 Seriously though, if you can't scalp effectively because of the fees and delays, maybe try a different broker or just aim for bigger moves instead of trying to catch every tiny tick. This current price action is nuts though, feels like we're on the edge of something big. Heard some buzz about Bitcoin hitting new highs too, maybe ETH will follow suit! Fingers crossed for us!
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Hey @ShwetaMehta, I hear you on the broker drama. Spreads can be brutal, especially in these quiet Asian hours. It's almost like they're widening them on purpose to catch retail traders on the wrong side. I've had slippage nightmares before, makes you wanna just go manual entry and pray. The 2300 break you mentioned sounds like a classic liquidity grab, folks FOMOing in and then getting dumped on. Don't let it get to you too much, just gotta find a broker that's not actively trying to take your lunch money. Maybe try looking into direct ECN brokers if yours is that bad. For ETHUSD right now, the price is hovering around the 20 and 50 SMAs on the daily, so definitely a tricky spot for scalpers. Good luck finding a better setup!