Quote from bkveen3:
yeah it was a bad tick. But in all honesty that shouldn't have hurt you. Pretty obvious short was in progress.
dont be naive... OANDA knows better, whether it was profitable for them or not
if the short was so 'pretty obvious' , you would start putting all your capital part by part tick down after tick down, did you
for some of these people the long side was pretty obvious from its beginning
imagine how many noobs or traders not carefull enough had stops all the way down this tick... or maybe even margin calls ;D
OANDA has the privilege to KNOW ALL THE POSITIONS and can always make a choice when the take profits summed together are smaller than the stop losses of all traders, dont forget about it
one more remark - i have noticed that these bad ticks were always to the side of the incomiong bigger move. that is why a conspiracy theory comes to my mind like this - it may be pshychological game with the noobs, who, after loosing their positions, and confused by the loss, try to open them, again into the previous direction. after such action they loose more and more, and even if the first loss is 'reimbursed' the following ones are not
also dont forget that after such bad tick, if you dont insist on playin' the wrong side, in the following trades you have less capital to engage, unless they 'reimburse' the loss; during this time many good trades may be lost, and this will not be 'reimbursed'