IGindex - monster stops.
Results 1 to 2 of 2
  1. #1

    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.

  2. #2
    Join Date
    Dec 2006
    Posts
    40
    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.

Forum Sponsors

Similar Threads

  1. Guaranteed Stops
    By Vlizzy in forum Forextown
    Replies: 8
    Last Post: 03-18-2015, 10:22 PM
  2. Does anybody use trailing stops?
    By DCtrader in forum Newbie Island
    Replies: 6
    Last Post: 03-16-2009, 06:00 AM
  3. Trailing Stops
    By traitor in forum Newbie Island
    Replies: 1
    Last Post: 04-09-2007, 10:57 AM
  4. Trading With No Stops
    By specialfx in forum Newbie Island
    Replies: 10
    Last Post: 03-23-2007, 03:52 PM
  5. Trailing Stops
    By slmdj52 in forum Newbie Island
    Replies: 2
    Last Post: 02-02-2007, 09:09 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
"A happy person is not a person in a certain set of circumstances, but rather a person with a certain set of attitudes."
Hugh Downs