Balancing of positions — The move upward in the USD was only due to short covering during a crisis mode. Some USD appreciation was due to margin calls in the equity markets as they sold off heavily, thus creating artificial demand for USD as ...

As for market being random, I'd have to say its not... For an excellent thesis countering random walk, everyone should look up Mark Fisher and his book The Logical Trader. His thesis work says that if the market is random then out of every time ...

thanks mike a scraping and digging i shall go then...

Ahhhhh, second close lower than the previous bars low.. I missed that part first time around. Is there a file that outlines the rules for each formation and defines the acronym for each one? thanks vince

Found one — I took this trade, currently in it....i had a pullback bias on cad.jpy and this helped confirm my bias and intiate a trade. Target around 111.35 so long as 111.65 gives away. thanks james16! image

At this point it is for a lack of better alternative and while in limbo demo'ing and hunting i'd rather have an account that I can trade on.... This is a tough time indeed and requires careful thought before i take my next step.... vince

Burgerking, I got nailed by fxcm for a 52 pip slippage on a GBP news release about a week ago...I think it was their employment numbers last week....I barely made it out of the position they stuck me with... with profit. Another time a 17 pip ...

look into propfx — Hi guys, take a look at Propfx, they are also an ecn broker with about 14 banks feeding the platform, its based on currenex which is what the banks use i'm told. I'm running a demo on it right now, ultra fast and the ...

because of the rate system lag....and the fact that they cannot get to market quick enough to offset your position... any time the market moves too quick...they cannot get to market quick enough to provide currency... anytime they make a trade that ...

ok well thats what i wanted to see... just someone else on a different server to eliminate the possibility of a technical thing....it was a hunch but that this point i think its just fxcm saying STOP TRADING by cutting off the system....

wow! i will have to look into this..... good stuff....

Cant agree more after today..... my short term plan is to keep two retails accounts and open up and ecn account... use what works when it works... and so forth...

Ur right, I was just getting antsy.... My IB who lives near me and set me up with fxcm in the beginning went to their office for a VAR program to learn about being an IB.... FXCM outright told his class that they lose massive amounts of money on nfp ...

Yeah not trying to make a scalp but at least taking a position would be nice...which fxcm has dropped the ball on... I have spent so much time focusing on technical analysis and fundanmentals on the fx mkt, i never paid much attention to the ...

No not related as in business together.... but FXCM put in a bid to buy out the refco clients that were left hanging when refco went belly up.... so u could say that fxcm was trying to expand its client base but from what i understand they were ...

I just read at the beginning of this thread by 'blewoutmyaccount' that fxcm was not always like this And he/she is right, when i started on them in November 2005 I had marvelous execution even though nfp Now it seems any major volatility is causing ...

This thread is very similar to the Manual Execution Poll Thread so I dont want to double post, you can read my comments concerning my fxcm experiences, my plan of attack for the future, and an unbiased attempt at trying to understnad what is ...

Great dialog guys.... Yes I to was given the wait message...but i'm on manual execution anyways... I was unable to make any trades today... it was very upsetting to see the mkt move, to see the data on my Dow Jones news feed (29.00$$ a month from ...

heres some more !#$!# — ZedHashPip, Yes FXCM does throw up a "waiting for dealer" type message when the market is extremely volatile. I was getting this during some NFP action many weeks before I was put on "manual execution". The reason is ...

I agree 100%.....and am looking into a prop account with direct to bank routing....market depth and 1 to 2 pips spread on euro....no dealing desk is involved... But on the other hand, I do like my mini account with fxcm, the platform, and the ...