Hi I am JJ Nadeem and my broker is trading-point.Well today i got an issue when trading Australian unemployment report.Today while trading Australian Unemployment report after the release of the report AUD moved suddenly in the downward direction and my sell order was triggered but after a while the market suddenly moved upward in the direction (because the report was bullish for the AUD) so my sell order was hit to my stop loss but with that move my buy order was triggered and AUD moved suddenly in the upward direction to touch my take profit and it really touched it (You can check the tall bullish marubozu candlestick in the 5 minute charts today) it touched my take profit but when i checked my account history i was shocked to see that both my orders were ended in loss.In fact i got a double loss trading the news.But how is it possible that both my order touched the stop loss when there was a major market moving report which gives the pair a single direction to move?That sounds nearly impossible to me.Everyone is requested to answer my question specially who have traded today AUD employment report!I suspect that it smells really fishy One of my friend said that it’s a very serious issue and i should ask my broker about this issue a little bit strictly?
I’d be curious to hear what experienced traders say about this, too. I had a trade where I saw the bar move through my Limit Order entry point twice in a couple of days without triggering the order. Not taking the PT is much worse! (What if it didn’t take the SL?!!!) Is this just a hazard of trading or a problem with the broker(s)?
The market gets extremely volatile after news reports. It’s never as easy as buy or sell the news. Everyone is trying to profit the same time and a lot of the time there will be a head fake which if your not familiar with, is when price surges opposite the news first before going the fundamental direction. Even if your broker wanted to pick your stop, at a time like that I don’t believe it’s possible. I didn’t trade that particular news on the Aussie today but I did trade the home loans and trade balance early this morning and it was a bullish release but price sold off about 10 pips before ultimately rallying. Also I’ve traded around big US economic data, the unemployment in particular last week and it surged opposite the release 20 pips then Rallied 100. News is tricky.
What was the spread when you TP was hit. That can make a big difference. Especially when targets are only hit by a pip or 2.
The description in the first post sounds like expected market behaviour to me. Of course this doesn’t happen every time major news is released, but I have seen it enough times to expect it. If you had asked me prior to the news to describe what would happen, I would have described something similar to what was written as one possibility. Once you get more experience, you will learn to choose and pick your spots. For many like me, trading news events is just plain crazy and I would never consciously attempt to do it.
Sh*t happens, get used to that. I used to trade more predictable news like interests rates, these days we have only two available options or they cut it dow or they keep it unchanged and in both scenarios currency is sopposed to fall, but latelly that was not the case.
Regards.
That is very normal market behavior and you have no need for alarm, just take this time to try to understand what happened and learn from the mistake 
For you to know what happened you first need a little bit of insight in to how and why price moves, as well as how orders are placed
News events do not move price at all, because the value of all currencies is based off of relative values to other currencies only money will move price, So if there is a news announcement that makes a countries money less valuable in the eyes of investors and currency traders they will short the market and sell, causing price to go down, so remember this point, WE move price
Now how exactly does price get moved? Price isnt actually moved the way most people think, although we arent physically buying and selling money it is a marketplace, imagine money is at a steady price and then the market opens, buyers rush in trying to place orders and buy their favorite currencies, but oh no! Their is 2 billion dollars worth of buyers but only 1 billion dollars worth of sellers to sell them currencies at that price, so how does the market react? because there is no supply and so many buyers, demand goes up! and with demand so does the price, and when the price goes up more sellers are willing to sell as their currencies are worth more
So price moving up isnt even a direct result of buyers throwing all their money in to the market, it is a result of there not being enough sellers to meet the demand of the buyers
So now we know how price moves we can guess what happened during the news announcement, (this is just my guess) what probably happened was that as soon as the announcement was made all the big guys trading it did one of two things, short the currency to jump on the move, or close out and reverse their buy orders, this caused an extremely high demand for buyers as no one was left wanting to buy in to the market at that price, so price dropped substantially till it reached a point where: sellers were willing to cash out their positions by buying back the amount of currency they shorted; and Buyers saw the sellers becoming exhausted and decided to counter the move by buying the currency
At this point with the amount of shorts in the market dwindling, buyers are getting the upper hand and see their chance to make money, so when there aren’t enough sellers left to supply them all the buyers jump in causing price to skyrocket
So that explains why price was so volatile going up and down, but why didn’t your buy take profit get hit?
It is a confusing to grasp concept but basicly on metatrader and most other platforms the price they show you is the bid price, not the actual price of the currency but the price they are willing to let you enter a sell trade at, there are always two prices that you can have displayed by your broker, the bid and the ask price, the ask price is the price that you buy at, and the bid price is the price that you sell at
Now what does this mean for our stop losses and take profits? In short whenever you place a long (buy) trade you can operate as normal, place your stops and take profits as you normally would completely ignoring the spread, but when you place a sell trade you have to add the spread to your stop losses and subtract it from your take profits, meaning if your regular stop loss is 25 pips and the spread is 5 pips, your new stop loss for that sell trade will be 30 pips, and if your take profit would be 50 pips normally on a sell trade you must make it 45 pips
Why? when we are in a sell trade we are shorting a currency, meaning the only way to get out of that trade is to buy back all of the money we shorted, so when our stop losses and take profits are hit all the broker does is make us buy back the position we sold, so when we sell we sell at the bid price but when we buy it back (at our stop losses and take profits) we do so at the ask price, and the spread is the difference between these prices, meaning that if price moves 25 pips against us from where we sold at the bid price, the ask price which is 5 pips higher would have already reached 30 pips, which is why you got stopped out, because our stop loss price is higher than the price we enter at our stop losses need to be placed higher than the price we entered at by the spread, hope that helps
Please change your broker. I have traded there before.