AUD/USD

thanks for that. i went to DTCC but can't find the data you posted.

how do i get to it?

I know this prolly means nothing but I was checking broker prices at myfxbook

And saw this :

What the hell ? Again it probably means nothing/glitch, but still strange.
aud/usd .84xx

Clearly a mistake because if you go on synergy's websie there live price is 89.11/89.15 Wonder if anyone uses them as a broker here.

wow, if we can found a broker that have delayed price feed, we can make them broke.....not

Explain to me how a broker would go broke if we made money??? They make money every time you enter a trade. They don't care if you make money or lose money as long as you keep trading.

As far as i know Market Maker brokers trade against you, if you win money, they lose. I guess they do it because 90% traders are losers so in 90% of time broker wins.

Yeah I'm thinking glitch...xe.com is reading .8913, and their feed is the only one that I have seen moving in the past 12 hours.

I dont know if this is true. Market maker brokers would have to know if all traders in all brokers are in a certain position. Let's say market maker A wants to go short because all traders are long but market maker B wants to go long because all traders in his firm is short. Now we have a war. At the end of the day price has to move to its overall position depending on fundamentals, etc. I think market makers broker may move a few pips here and there to get you out of your position so you can get a new position, but than they would want you to hit TP too so you could trade larger lots, right. Market makers move currency because they believe the price will go there way and rarely care about the retailers cause we don't matter with our small positions. Hope you understand.

I've been watching xe carefully and they haven't moved price in the past 10 hours. They moved price from 4pm to about 8pm EST on the 31st and than stopped. Bloomberg says it's more updated but I doubt it moved to 87. Maybe the Chinese moved the market way down low to TP and now it went back to 89.

Brokers make money either via spreads or commission. Broker's access to various ports of liquidity gives them a tighter spread / better pricing / execution.

You may ask why I don't get such treatment... answer would be these liquidity pools have high barriers to entry such as minimum trading size and also simply regulations that prohibit various channels, for example. banks can trade via D2 Reuters which is purely a bank to bank function. This OTC behavior is more aligned with bonds trading desk and/or dark pools in equity trading. In a dealing desk, depending on size and bank regulation, each dealer will be typically responsible for a currency pair. For example, in DBS, lot sizes are simply broken down to smaller bricks of 5, 10, 25, 50 million or more in round lots... so it's easier to absorbed for another counter party, and these orders fired off to London could be proprietary or to offset risk. So if anything, major players trade in aggregates, and push and pull from one side to another to add/reduce risk. FX market is too big to be tugged by 1 house alone generally speaking...50 - 200 mil EUR in an European trading session doesn't move much, so as you can see, it takes alot of firepower to move and if you are getting stopped on something... 9 out of 10 times would your trading being wrong not the brokerage houses.

Big brokerage houses also employ their own house of traders to offset risk / take on risk. I wouldn't assume they trade against you, they simply provides a service to you by giving you access to liquidity as their main job / role function. If their traders, which I presume are more qualified and exert more experience in the industry have a certain view on a currency pair, they will position themselves that way and if that's trading against you... then they're no different than any other traders on the other side. Plus, if they want to lay risk, they also must find other counter party to trade against such as banks, which is another animal of itself. Also I'm sure there are some sort of Chinese walls between these traders and retail side of the business. In the end... it comes down to risk on / off amongst each chain of players in the market.

Is it true that there are some shady FX houses out there? I'm sure there is, one of the biggest problems I can see would be widening the spread too much when major news announcements arrive... however keep in mind that, it's generally all algos programmed to add/reduce spread during normal trading sessions and even on exotics currencies as well.

So in conclusion, whether retail traders win or lose, if brokerage houses do their job properly, they will continue to have a high and consistent win rate due to their inherent business model via realized house edge of providing you a service, if they wish to tackle on more risk... that's entirely up to them. A good example of bad risk taking... actually illegal risk taking would be MF Global, which resulted in a bitter tale of not only client dollars lost but also more public mistrust.

So as you can see... everyone suffers from fear and greed.

Sorry for the long reply... I kind of went off on a tangent

GL

guys. im not sure if this is true.
but,
if you search audusd in google. it will tell you the position is in 0.87

No problem and thanks. Agree fully no one really cares about your position because at the end of the day your not even peanuts to what makes the market. If you lose it's more likely to be your fault than any other no matter who you point the finger to.

yes

Found this site with streaming live quotes:

http://www.forex-markets.com/quotes.htm

It seems AUDUSD did go down to 0.84xx at some point in time but it has since bounced back to 0.89xx

and bloomberg is now showing 0.8912

<DTCCSDRFXO> on reuters

<SDR> GO on bbg

Yes bloomberg back at 89. Looks like someone took profit. My guess is we are going up now. Time will tell.

Hope so....I'm currently not in a position, and if .84xx was really touched then we entered the demand zone I was waiting to be penetrated.

http://www.xe.com/currencycharts/?from=AUD&to=USD

Opened down ~38 pips. Looking for price to continue sliding and crush long retailers. No mercy.