hi all. i started with oanda with 1.5k~ and pretty much made profits nonstop all the way up to 3k or so. pretty confindant and perhaps foolishly unsatified with oanda’s 50:1 leverage, i went to fxsol to use their 400:1 margin. i estimated that the cpi would be lower than normal and made a short before release on the euro/usd accordingly. the cpi was lower than expected as i expected, but instead of spiking down as i expected it spiked up. also, the stop loss i set at 400 didn’t seem to work since i lost like half my account. i can figure out why the stop loss didn’t work but i’m wondering if the market really couldn’t fill a 800kish order(2k at 400 leverage). i thought people would be playing with bigger numbers and mine was small in comparison.
for the other one, why did the euro/usd spike up when the cpi was lower than expected? i figured that lower cpi would be a good thing. did the euro/usd spike up because people wanted bad news so the feds would raise intrest rates? or was the 0 change bad because people perfered a .2 to .4 rise because it was better for the economy or something?