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- BBCMicro replied May 21, 2020
Shorted the morning and longed the afternoon - back to flat for the month... total hammering.. oh well
- BBCMicro replied Mar 21, 2016
I seem to remember DarkStar loosing 50K on a single trade in one of the older orderflow threads from a few years back. Assuming that he was trading large (and he hasn't said that he does) and this loss was 10% of the account then his account should ...
- BBCMicro replied Mar 8, 2016
I would have taken the other side of that trade every time... Apples yum, yum... peaches... yuck!!!!
- BBCMicro replied Mar 30, 2015
Trading and Exchanges by Larry Harris required reading IMO. Regards BCCMicro
- BBCMicro replied Jan 30, 2015
I suspect you will have to leave more in your account in future as there is a very real possiblity of reduced leverages going forwards from now. This will of course force more risk onto the end users (us) and reduce the risk to the liquidity ...
- BBCMicro replied Jan 21, 2015
What this man said - why can so few see the situation clearly for what it is..
- BBCMicro replied Jan 20, 2015
Absolutley correct on the first point - its called adverse selection or toxic flow - its fundamental to how dealers operate within the market place and Alpari as they (seemingly) hedge they are brokers and not dealers - Alparis dealers are the ...
- BBCMicro replied Jan 20, 2015
Alpari DID hedge - thats what caused this mess There was no technological fault the only 'fault' was every liquidity provider Alpari has didn't want to touch Alparis stop orders with a barge pole hence the negative balances - if they did honour ...
- BBCMicro replied Jan 16, 2015
FXCM/Alpari obviously WERE hedging client orders - oanda etc not so much I expect. I posted my thoughts on this topic over here... url BBCMicro
- BBCMicro replied Jan 16, 2015
Not wanting to be pessimistic (and I have funds with Alpari as well) but what does it matter if the clients accounts are in a different bank account? Surely if and only if the administrator sees this account as an asset of Alpari then it will be ...
- BBCMicro replied Jan 16, 2015
correct that an ECN isn't counterparty to your position (only they have to be as you don't have credit lines etc with the next tier down but ignore that) they do have you as a counterparty risk so when all those balances are negative they are forced ...
- BBCMicro replied Jan 16, 2015
The stops never got hit because there wasn't any to hit. The 'broker' (because they are not really a broker but a dealer - however I digress...) never hedged your trade on the interbank bank market so they never had any stops on the interbank ...
- BBCMicro replied Jan 16, 2015
No - So it goes like this... imagine this senario... (didn't happen BTW) BBCMicro thinks SNB has his back ;-) so buys 10 lots of EUR/CHF @1.2008 Now BBCMicros broker (Alpari in this case) thinks... umm I have a liability - if BBC wins I loose (I ...
- BBCMicro replied Jan 16, 2015
Yes that was my conclusion as well. Alpari etc passed the trades onto the market place whereas Oanda etc most likely didn't and kept it on their book All very interesting when you think about it....
- BBCMicro replied Jan 16, 2015
If you have +£2000 in your acct you *should* get all your money back although the timeframes are likely to be long :-( my point was that if you were long X/CHF yesterday your balance is likely to be negative and therefore you are an asset that can ...
- BBCMicro replied Jan 16, 2015
An important asset that can and will be sold are debts that are owed to Alpari - if you are looking at a negative balance then that includes you. Recievers are particuarly adept at recovering these types of liabilities... not ideal...
- BBCMicro replied Jan 16, 2015
My last trade just got closed (at profit if that makes any difference)...
- BBCMicro replied Jan 16, 2015
Same for me. They even just closed one of my open positions (not margin call honest guv!!)
- BBCMicro replied Jan 15, 2015
When your broker initiates a margin call they will close your positions using a MARKET order. It is plain to see that most folks don't actually know what that is - come on folks its basic market microstructure... if you don't understand this then ...
- BBCMicro replied Jan 12, 2015
If you have a profitable system then you are exposing a market inefficency. When you win somebody else looses. If your edge exploits a broker inefficency (you don't give the broker a chance to hedge your exposure with their liquidity providers) then ...