Quote from cabletrader:
Sorry, only just saw your post.
Because Oanda wouldn't fill at that price.
They were a reasonable firm at one time but then once they got a place in the business and outside investment they've got worse than the worst.
Really? How could you possibly know that Oanda wouldn't fill at that price? Did you submit an order, and, if so, would you mind describing the order type and exactly what happened next?
In fact, when was the last time you placed a trade there... a year ago... 2 years ago... never? Do you even have a non-demo account with them or are all your snapshots from a demo?
I was surprised to read that pretty strong, authoritative quote above ("worse than the worst"), since I seemed to remember some good observations on cable posted by you around New Year's. So, out of curiosity, I glanced at a few of your more recent posts. Here's a little under-appreciated gem you wrote just
yesterday:
Quote from cabletrader:
I think they're Oanda charts, can't remember if those little triangles are orders or trades though.
Wow. You don't say. Must be a whole lotta fun to post screenshots and make knowledgeable-sounding comments on a broker's platform you clearly have very little, if any, experience with. Way to go, to build up your cred on ET.
Even some total newb who's only played with Oanda FXGame demo for a day or two would probably not have much trouble recognizing what all those colored squares, triangles and circles stand for. Given that, hard for anyone to take any of your apparently frequent Oanda bashing even half-seriously.
It's no secret that Oanda strongly discourages news traders, for reasons that are clearly spelled out by their reps on their forum. Hence a nearly perfectly predictable widening of spreads around economic release times, affecting a given currency pair.
While Oanda - like every other market maker - is a poor choice for news traders and sub-minute scalpers - it's widely recognized as one of the best choices for many other trading styles. Even when compared against major ECNs, depending on factors such as your pairs, order types, money management, scaling in or out, hedging and holding periods.
You might want to stop pretending to be an old hand and an expert on Oanda's evil ways, when you can't even read the most basic order symbols on their charts, let alone grasp the details of their fully disclosed and transparent - and, mind you, continually benchmarked to death against other quote providers - pricing mechanism and order processing, at news times and otherwise.
