This is an old problem ... I am guessing that what has happened is..
That your stop is in fact converted into a limit order - whereby your stop and limit are at the same (or very close) price.
If your stop-loss order was converted to a limit order, and if the exchange was unable to sell at that price as the price had already dropped through that level, then your order would not get executed...
I have removed the rest of your message as it is based on a wrong premise. No, it was not a stop-loss order. I learned not to ever use stop-orders on Kraken as they simply don't work as intended (exactly as you are describing). I underatand stop loss orders are NOT on the order book until they get triggered and inserted (whenever that happens) in the order book. This has NOTHING to do with that. It was LIMIT ORDERS, opened several days in advance, already on the order book that HAVE NOT BEEN EXECUTED YET THE PRICE HAS KEPT RISING ABOVE THEM. When I say the trading engine/order book in Kraken is broken I really mean it. There is absolutely no technical explanation to this. The only doubt I have is WHO profited from it. I do not deny that they could have problems with their engine But I think .... my explanation may be a little confusing .. or I may be missing something but ... Limit orders by their very nature are not guaranteed - If the market price moves too quickly - then anyone with a limit order with priority over your own (placed before yours and therefore further up the list) will get filled first, as will anyone else in front of you on the list - BUT ONLY AS LONG as there are enough sellers remaining (asks also get pulled) in that price range will your order get filled... if the price moves past your Limit - (and does not fall back to it) then it wont get triggered as your Limit order has specified the price you are willing to pay- unless the price falls back down to that range again, then your Limit would not get filled as the price has moved past it- and the reason your order didn't get filled is because the Limit orders in front of yours got filled in the time while you were waiting for yours to trigger, and then the price moved past your limit, and market and limit orders at that level are now getting triggered - this is common among all trading platforms (I got stung hard on a leveraged Gold position I had many moons ago). |
|
|
|
Ok yeah I see what you mean.
I'll try Bitstamp then, it's not really for the best to stay on a trading platform with such problems xD
It's not that I am vouching for Bitstamp either, considering the risks any and all trading platforms present. I am just talking about my personal experience/incidents or lack thereof. Can you tell how many BTC were bought/sold in that huge spike to 2082? According to the order books, it should take a massive order of almost 2000BTC to reach this price now. According to the charts, that did not happen (the volume in those spikes was about 100BTC). Therefore it was not a massive bought order but some kind of bug/error in their API. Dont you think so? That does seem to be a likely explanation. Looking at the 5m chart, there seem to be two separate spikes above 2000Eur but both with rather low volume (100BTC) Of course it was a "small" order that produced that spike BECAUSE IT BYPASSED THE ORDER BOOK. But the problem is not in the API: XBT/EUR Last 1,894.680 High
2,082.958 Low 1,757.400 24 Hour Volume 25,936.77 Weighted Avg 1,879.344 There was real coins being bought at that price... but not from me or others even if we had lower sell limit orders in place way before that spike happenned. (days). So the question is... who was the fortunate guy that sold them at that high price BYPASSING THE ORDER BOOK? I was watching Kraken at that time. I was waiting in a queue for two hours and had very little to do except keep refreshing all my coin charts, including the Kraken app. I did not see that price reached or any unusual fluctuations in the price. I do not believe it was real, or if it was it must have been so momentary that no other prices were hit in between. A fat-fingered buyer perhaps? Someone who thought they were trading USD instead of EUR?? It could be a fat finger or most probably a short squeeze. That doesn't matter... the price reached 2082 (as you can see on kraken site itself as high price today), I had sell limit orders placed on the ORDER BOOK from several days ago at 19XX which should have been honored. The price cannot reach higher without honoring orders in the order book. It's as simple as that. Even if the site became unusable during that spike, orders already in the order book BEFORE the fat-finger/short squeeze must be honored (My orders were there from several days ago). YOu can even halt the trading for some issue, but the price cannot get higher without honoring previous lower orders. That's how an order book (should) works. This is an old problem ... I am guessing that what has happened is.. That your stop is in fact converted into a limit order - whereby your stop and limit are at the same (or very close) price. If your stop-loss order was converted to a limit order, and if the exchange was unable to sell at that price as the price had already dropped through that level, then your order would not get executed... Why- would an exchange convert your stop into a stop limit order vs a market order ? = Basically with a "straight" stop-loss order scenario (which executes as a market order), when the price reaches a predetermined level, the order converts into a market order - n this means the exchange will sell at the best price available. The problem is, it could be well below the trigger price if there are no other bids on the books. If there are two stop orders at the same price sitting on an exchange, priority goes to the one that was placed first. So if X is trading at $30.75, and there are two stop market orders at $30.00, when price comes down and triggers the stops, the one that was placed first will get filled first. But if there are also stop limit orders at the same price. Stop limit orders at the same price as a stop order will get priority, and will be filled first, even if they were placed after the stop order. In fact, stop limit orders below the price of stop market order can still get priority over a stop order. By placing a stop order you are accepting the possibility of getting filled where the market is trading. But with a stop limit order, you are only willing to accept a fill at a specific price or better if stop and limit are too far apart - the price can fly through your limit price and there is no longer liquidity enough in your price range and therefore the limit order is not triggered . When price is falling fast which triggers a $30.00 stop order, turning it into a market order, then continues to $29.98 before filling that market order, a stop limit at $29.98 will get filled first. And if there is no more liquidity at that price and it drops to $29.00 before filling the market (formerly stop) order, then limit orders at $29.00 will also get priority in a thin or very fast market, your stop order can trigger, drop significantly and stay open, while stop limit orders get filled in front of it. Guessing a variation of this is what happened in your case |
|
|
|
|
Me= <pffft..... fizzzlle.... spark... spark.. BANG>
<OVERLOAD>
|
|
|
|
 ....... .... .. .  ROFL- thought a joke would cheer everybody up. AND!! it is on topic because WHALES |
|
|
|
Look at their bank interest rate, you might as well keep your fiat savings in a box buried in the garden. Yeah, but at least it is still in the positive territory.  Yeah positive like Tom Hanks in Philadelphia positive. With your next installment of fun from your team (I assume you are from the US?) you will get a MASSSSSSSIVE QE raft in QE4 and you will get negative interest rates too I should think at some point (NIRP) couple that with some perpetual bonds and the wizard will have truly landed and face fucked everyone with his magic wand.. (*Edit I say your fun and your team,but I am kidding, and actually that particular piece of wizardry is really going to be fun for one and all) Wizards.... wizards everywhere. (something something Bitfinex/Bitgo something something..wizards...something something....cunts more like) |
|
|
|
I think a better idea is let, banks, and people and economies fail, and then rise from the dead, stronger, wiser, more prudent and responsible and more risk aware and adverse...and independent, and if they cannot, then they should simply fail.... by propping up bad actors, the system gets sicker and sicker, weaker and weaker... same with individuals involved... good kick in the balls is needed to wake everyone up.
i am willing to bet five years of global gdp that this will never, ever, ever happen. it's gonna carry on limping until every last one of us is living in a box, eating mud and too malnourished to pour into the streets and hang people. yeah, I said it would be a better idea... not that it would ever happen  |
|
|
|
good idea imo
It is an idea, a better idea than the QE so far... But I think a better idea is let, banks, and people and economies fail, and then rise from the dead, stronger, wiser, more prudent and responsible and more risk aware and adverse...and independent, and if they cannot, then they should simply fail.... by propping up bad actors, the system gets sicker and sicker, weaker and weaker... same with individuals involved... good kick in the balls is needed to wake everyone up. That would be a good idea. (all this tinkering leads to shit everytime) |
|
|
|
(did not read link) but yeah helicopter cash is actually on the table here in the UK, talks of approx £500 per adult. Believe it when I see it |
|
|
|
Look at their bank interest rate, you might as well keep your fiat savings in a box buried in the garden. Yeah... US will follow next with a SHOCKINGLY MASSIVE QE4 prog and likely eventually a rate cut, maybe even NIRP.
Surprise!! ..... actually scrap that. 100% inevitable |
|
|
|
Grumpy? How is "Never a dull moment  " grumpy? You're like unscary clowns, I totally enjoy your wacky shenanigans! It was more your outrageous petulant and over the top outburst "Still got nothing? Good!" You misunderstood me, Friend. Simply a mundane fact, something to check off from a list, like "Loaf of shitty bread? check; giant can of Ravioli? yup; empowering got nothing again? Good, good." ... yeah, that's not a big surprise, people don't get like you notlambchop by hanging out with sane people.
Now this... This is premium petulance plus. Platinum! I understood you the first time, you just seem grumpy lambie, I was just looking out for you and giving you some encouragement.. as I said I was enjoying your (very insightful) bedtime story... I was hoping for more from the beautiful mind of yours... c'mon, tell us about some new thoughts you have been having lately, weave them into a witty lyrical bedtime story for all of us weary beaten Bitcoiners.. (also, crappy bread and ravioli is not going to help your blood sugar levels very much, and not a great addition to your weird diet I am sure, but you know, work on it, it will help you stay more even, y'know mood wise. Plus we have all been talking and you pull some serious hours on here so, you know, please look after yourself Lambie, we would all miss you if you had a heart attack or fell into a diabetic coma, or fell down the stairs because you were light headed with all that genius of yours combined with that shiddy diet) Anyway I believe it is past my bedtime, all of our bedtimes Lambie. |
|
|
|
Grumpy? How is "Never a dull moment " grumpy? You're like unscary clowns, I totally enjoy your wacky shenanigans! It was more your outrageous petulant and over the top outburst "Got nothing again? Good!" Deary deary me... I do not know, I think your blood sugar might be low, you get tetchy when your blood sugar gets low... is it that weird diet of yours? Anyway you were telling us all a bedtime story about banning all of the exchanges... I was enjoying it... hence my kind words of encouragement, to which you so violently objected... but please do go on... (somebody stop me)  |
|
|
|
... too funny. In all seriousness, we have had some progress: MyBitcoin was an excel spreadsheet on some anonymous guys laptop Mt. Gox was a web based exchange written in PHP Bitfinex was web based exchange written in Ruby ... continuing on this evolutionary arc next we'll have the new 'biggest' bitcoin Javascript-based exchange blow-up, then a java-based exchange, one day some real coders and security guys will decide to start an trustless, dark exchange because the financial shilly types, lawyers, regulator parasites and govvy agents have been run out of town with bigger problems (of the lamposts and nooses type) (don't forget the pitch forks, and of course the classic of drowning bankers in the nearest river) |
|
|
|
Wrong. But monkey is still leaning slightly bearish, with resistance at 605, support at 440, for the overnight.   |
|
|
|
|
Decentralised exchanges please... (and yes I know Bitsquare)
|
|
|
|
"To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be canceled"   Yup I had a few coins on there in a few old margin accounts - liquidation points around and or sub $150 Ah well- tis what it tis I was under zero illusion- no big loss. |
|
|
|
"To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be canceled" |
|
|
|
 ? |
|
|
|
|
Show Posts
