Go Back   BabyPips.com Forex Forum > Main Discussion > Newbie Island
IGindex - monster stops. IGindex - monster stops.
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read Chat Room


Newbie Island This forum is for Forex beginners. If you are new to the Forex and have a question, this is the best place to ask it. If you're looking to learn Forex, get your training and education at the School of Pipsology.

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 12-11-2006, 08:09 AM
 

Join Date: Dec 2006
Posts: 2
Default IGindex - monster stops.
Hi,

My first post - woohoo!

Question -

On friday I went to trade short on GBR/USD with a stop of 20 pips which is usually acceptable on IGindex.
However, it required a minimum stop of 45 pips???!?!
Was this because of the Non Farm Payroll data and the fact that they presumed it would be a day of high volatility.

Cheeky buggers.
Reply With Quote
  #2 (permalink)  
Old 12-11-2006, 11:31 AM
Newbie
  

Join Date: Dec 2006
Posts: 40
Default
Absolutely correct. I've used IG Index before for GBP/USD and placed a stop loss of 15 pips when the market is quiet. As you say, during periods of high volatility, the minimum stop loss jumps to 45 pips.
Reply With Quote
Reply



« Previous Thread | Next Thread »
Thread Tools
Display Modes
Hybrid Mode Hybrid Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

All times are GMT -4. The time now is 04:45 AM.
Content Relevant URLs by vBSEO 3.3.1
"So long as there is breath in me, that long I will persist. For now I know one of the greatest principles on success; if I persist long enough I will win."
Og Mandino
Feedback Form