10 point slip on commex gold?

Quote from Razorsharp:

trade was arround 9:10 am est. no news no nothing.

what gets me is how am i suppose to manage risk when the stop is 10 points and it gets executed at 20 LOL!

I mean that kind of baffles me.
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Gold is spikey.

It is crap market to trade if you need to use tight stops or are a day trader.

Gold is best left to lower frequency wider stop trading.

So if when you do get slippage it doesnt happen often and will be a smaller fraction of the orginal stop distance.
 
It seems that is the case. My assumption was that it was a really liquid market and this kind of stuff doesn't happen but looks like i was wrong.
 
Quote from Razorsharp:

It seems that is the case. My assumption was that it was a really liquid market and this kind of stuff doesn't happen but looks like i was wrong.
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lol, i figured that out 3 years ago. It burnt me many times.

It also fooled me with its 100K+ volume.

The only commodity that i know of that is even vaguely suitable for day trading is crude oil and even then you often get much more slippage on your stops than FX and Index futures.
 
Quote from Razorsharp:

trade was arround 9:10 am est. no news no nothing.

what gets me is how am i suppose to manage risk when the stop is 10 points and it gets executed at 20 LOL!

I mean that kind of baffles me.
More...

I follow GC closely, and actively trade it. Right now I'm trading Feb GC. I don't see a time today when you would have had "slippage" of $10 on a one lot in the Feb contract.

OldTrader
 
10 points NOT 10 dollars!

i guess i didn't phrase it correctly. Slippage was 10 ticks.

what i really wanted to know was if anyone else had a simmilar story to mine?
 
Quote from Razorsharp:

10 points NOT 10 dollars!

i guess i didn't phrase it correctly. Slippage was 10 ticks.

what i really wanted to know was if anyone else had a simmilar story to mine?
More...


10 ticks is peanuts.

50 ticks on no news happen many times a year.

100+ ticks on news.

Gold is spikey.
 
Quote from Businessman:

lol, i figured that out 3 years ago. It burnt me many times.

It also fooled me with its 100K+ volume.

The only commodity that i know of that is even vaguely suitable for day trading is crude oil and even then you often get much more slippage on your stops than FX and Index futures.
More...

I agree that oil is probably the best commod to day trade, but I disagree on the slippage part. I often trade crude with a 5¢ stop and almost never get slippage. The only time I get fucked is during news and that is to be expected.
 
Seems i get more slippage on gold then on the currency contracts.
Even though gold seems to have higher volume go figure.

You would think more volume = better execution but i guess not always!

Live and learn!
 
Quote from Razorsharp:

10 points NOT 10 dollars!

i guess i didn't phrase it correctly. Slippage was 10 ticks.
More...

10 TICKS?
Much different story. I thought you got slipped $1000
 
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