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Traderway spike on charts

  • #61
  • Edited 2:31pm Sep 4, 2017 2:16am | Edited 2:31pm
Quoting ltrain
{quote} OK Forexia now you are making me laugh. Don't Jump to conclusions, especially negative ones without evidence. This is often a mistake in life. Reverse Flash posted the address of Tradersway earlier on this very forum. So this rule of being a "commercial member" would need to apply to Reverse Flash and not me obviously. However Reverse Flash Got the address from the internet so your assumption would be wrong there as well. You see why you shouldn't jump to negative conclusions? Are you just firing randomly at imaginary enemies? You don't...
i just put that guy Forexia on ignore , should have done earlier

he doesn't know the difference between an A Book and B Book and then he comes here to teach us about a broker he has never traded with neither live nor demo , nor has ever made any withdrawal from , what a joker

there are guys here who have been trading with TW for years and withdrawing profits , yet he claims to know better and judge everybody else

i just said that : better not jump to hasty conclusions although TW clearly lacks some transparency and may raise a few doubts

what a Troll , better a TROLLOL , LOL
  • #62
  • Sep 4, 2017 2:40am Sep 4, 2017 2:40am
Quoting Forexia
{quote} Really? LOL You think a US trader would prefer a broker located in a place that they don't even know that has scant regulations and absolutely no recourse should anything happen to their money over a regulated broker located in their home country? You think those US regulated brokers actually feels threatened by some off-shore brokers that are dime-a-dozen all over the internet? LOL And lastly WHY would those off-shore brokers be motivated to "gain good reputations" when US traders, being so restricted by the US regulations are desperate...
Thanks for the clarification, and sorry if it sounded like I was attacking you personally. Oh, and the "mad-mouthing" that I mentioned and that you quoted.... I meant to write "bad-mouthing", not "mad..." Sorry about that, I'm not sure how I got the typo in there. Actually, though.... looks like we may have just invented a new word!
  • #63
  • Sep 4, 2017 2:46am Sep 4, 2017 2:46am
Quoting ltrain
{quote} OK Forexia now you are making me laugh. Don't Jump to conclusions, especially negative ones without evidence. This is often a mistake in life. Reverse Flash posted the address of Tradersway earlier on this very forum. So this rule of being a "commercial member" would need to apply to Reverse Flash and not me obviously. However Reverse Flash Got the address from the internet so your assumption would be wrong there as well. You see why you shouldn't jump to negative conclusions? Are you just firing randomly at imaginary enemies? You don't...
But you still haven't answered my question: HOW did you know that the price spikes was handled responsibly by TradersWay by making appropriate adjustments to accounts and prices? Were you one of the accounts that was affected by these price spikes? If not, are you an insider of Tradersway? Otherwise, again, HOW did you know that the price spikes was handled responsibly by TradersWay by making appropriate adjustments to accounts and prices? Since you are so keen on dealing with facts here, do you have any evidence or facts that justify this statement "he price spikes was handled responsibly by TradersWay"?
Make your losses in demo. Earn your profits live.
  • #64
  • Sep 4, 2017 3:02am Sep 4, 2017 3:02am
Quoting ltrain
{quote} So now that we are talking theories. I have a theory I want to see what you Think about...
I had considered that, but had never tried to articulate it. Great job, I think you're on exactly the right track. Because look, I have trouble understanding WHY most people who like to trade would go with ANYTHING other than Forex. I mean stocks, options, futures, etc, etc... I can't think of ANY that come close to the potential (also negative potential, of course) of Forex, and the relative freedom to buy/sell at will, and in very small increments, etc. I've played around a bit with other types of trading, but I would never go back... I'm now thoroughly hooked on Forex, and wish I had learned about it earlier.

And so yeah, if it wasn't talked about as if it was the ugly step-sister or something, I could see far more traders get into it. I've actually had friends, who know almost nothing about any type of trading, say stuff like, "Oh you're doing Forex? I heard that's just a scam." SERIOUSLY? Anyway, so the fact that it IS talked down and often discouraged, leads me to believe you're right: Some powerful entities (in the U.S. I mean) don't WANT more people to jump in, for whatever reason. And so one way to do that would be to put the idiotic, ANTI-FREEDOM rules in place.

"It is absurd that in the country where we pride ourselves on freedom. We have all this silly restrictions on Forex in the US."

So right you are!

I also think you're right that, if they can, the U.S. gov't will do everything in its power to destroy non-U.S. brokers who take U.S. clients. And to your list of why brokers go out of business, I'd add one more thing: Those exceedingly rare events known as Black Swans. Like the Swiss Bank fiasco, I can't hardly blame those brokers who went down the tubes that day.... it was just incredible.
  • #65
  • Edited 4:44am Sep 4, 2017 4:31am | Edited 4:44am
Quoting Ratmach
{quote} I had considered that, but had never tried to articulate it. Great job, I think you're on exactly the right track. Because look, I have trouble understanding WHY most people who like to trade would go with ANYTHING other than Forex. I mean stocks, options, futures, etc, etc... I can't think of ANY that come close to the potential (also negative potential, of course) of Forex, and the relative freedom to buy/sell at will, and in very small increments, etc. I've played around a bit with other types of trading, but I would never go back......

Yes, I think it is interesting how when you ask people about forex or tell them you trade forex in the US, the automatic response is "I heard that's just a scam"
This has been pretty much my experience as well. I have asked professors at my alma mater, as well average joes, as well as sophisticated stock Traders and investment services dealers, THEY ALL ARE IGNORANT OR GIVE THE SCAM RESPONSE. Its amazing. The sophisticated give the same response as the Joes on the street.

Now lets think about these rules that are placed on FOREX and analyze what their purpose is.

50/1 leverage limit - Leverage can help or hurt a trader so no reason to do this except to hamstring a good trader
FIFO - Ridiculous Idea - can anyone think of a reason to force traders to FIFO other than to hamstring traders?
No hedging - Ridiculous Idea - can anyone think of a reason to not allow hedging other than to hamstring traders?
Advertising - Can you not also lose all your money in stocks bonds or any other investment? Why the advertising rules?


TradersWay is still a good broker until proven otherwise. I am always watchful of brokers. But we have to take the entire big picture into consideration when we are dealing with the US Government. This is the only thing that gives TraderWay the ability to have any appeal to US customers in the first place. But it is still a potential target of the US Government as well. This is the only thing that justifies their lack of transparency in the address and in membership aspects of the company. I think the US Government and others associated with Financial industries want to keep Forex low profile by socially denigrating it, and regulating it in such a way that hamstrings the traders, making it comparable to Stocks for most people.

The moment any scam behavior occurs, I am prepared to deal with any broker accordingly. Show me someone who lost money on the TradersWay spike that did not have their complaint resolved. The U.S. government will do everything in its power to destroy non U.S. brokers who take U.S clients you say? Can we say price spike on TradersWay only? I can.

I am not saying the government is involved for certain but I also cant jump to conclusions about TradersWay when I see TradersWay doing everything they can to remedy the situation for their traders. Seems like an honest broker behavior to me.

Like I said if TradersWay turns out to be scam you will hear it directly from me. But TradersWay has handled everything responsibly so far. I am sorry if that sounds like a shill but I am simply a customer of TradersWay with a LOT OF CONNECTIONS and experience in finance.
L-Train
  • #66
  • Sep 4, 2017 7:13am Sep 4, 2017 7:13am
Quoting ltrain
{quote} TradersWay is still a good broker until proven otherwise.

The moment any scam behavior occurs, I am prepared to deal with any broker accordingly.

if TradersWay turns out to be scam you will hear it directly from me. But TradersWay has handled everything responsibly so far.

I am sorry if that sounds like a shill but I am simply a customer of TradersWay with a LOT OF CONNECTIONS and experience in finance.
exactly the point i was making : TW clearly lacks some transparency and may raise some doubts but it's still early to jump into hasty conclusions .

What is interesting is that these comments are coming from you who are actually trading LIVE with them
  • #67
  • Sep 4, 2017 12:28pm Sep 4, 2017 12:28pm
Quoting ltrain
{quote} The moment any scam behavior occurs, I am prepared to deal with any broker accordingly. Show me someone who lost money on the TradersWay spike that did not have their complaint resolved. The U.S. government will do everything in its power to destroy non U.S. brokers who take U.S clients you say? Can we say price spike on TradersWay only? I can. I am not saying the government is involved for certain but I also cant jump to conclusions about TradersWay when I see TradersWay doing everything they can to remedy the situation for their traders....
As of right now, you still have not shown ONE shred of evidence of how "TradersWay doing everything they can to remedy the situation for their traders", EXACTLY what Tradersway has DONE. How they adjusted the accounts in question? What was the results of their adjustments? The only thing that I could see TradersWay do is just deny any traders their profit that they made from those spikes. If they REALLY are writing off losses that traders are sustaining from those spikes, then they would definitely not be willing to let any traders keep their profits otherwise they would be losing on both ends, potential profit that they could've made from those spikes and actual losses from traders profiting from those spikes. One thing that those casino brokers, A-B booking, B-booking brokers, whatever you want to call them absolutely don't do is let you walk away with any profit, small profit of couple of thousand dollars maybe, but once you start making large profit, 5-digit profits CONSISTENTLY, that's when they start the denying of profits, and even closing your accounts forbidding you to trade with them again very much the same like casinos don't allow card-counters in because you actually have a winning edge against them and they know they will be losing money. It's not uncommon for non-ECN brokers to close a trader's accounts and never allowing that trader to trade with them ever again when they can't find ways for you to lose through excessive slippages, extremely slow price feeds, stop-hunting spikes... WHY? Because they trade against you; they are on the opposite side of every single of your transaction, at least the losing traders' transactions in the case of A-B booking brokers.

Forex trading is actually an innovative and efficient way for the investing public to better manage their wealth, I agree BUT the way how the retail Forex industry right now is NOT setting traders up to profit; it's just setting traders up for nothing but ATM machines for the brokers, brokers who's come up to bridge the gap between the "Big Banks" and the small investors but just ended up getting all the pieces of the pie for themselves and leaving investors shelling out their hard-earned money when it's the traders, the small investors who are supposed to be the one who benefit from this financial arrangement. The brokers are supposed to only make money AFTER the traders have had a decent chance to make money NOT make money at the investors' expense. The regulators across the world KNOWS that's the problem; they even come up with regulations forbidding forex brokers trading against their clients BUT they don't really put in any REAL solutions to replace those casino brokers which is a REAL central Exchange for trading Spot foreign currencies which actually happened at one time but with no regulatory backings, it just went away. With a real central exchange for spot foreign currency trading, ALL of those brokers aside from the REAL ECN brokers would ALL disappear as traders would trade directly with the LP's with complete price and transactional transparencies knowing EXACTLY who the counterparties to their trades are and prices of ALL the pairs EXACTLY the same across ALL brokers all around the world and with the brokers just extending some margins and order routing very much the same like trading in other instruments. Only in that environment, traders would stand a chance in making money IF you REALLY have a winning trading strategy. And that is what the regulators should do, setting up a central exchange for spot forex trading but without them doing that, non-ECN brokers like Tradersway are NOT the second best thing, not "bad-mouthing" Tradersway in particular, just using it as an example.

So all in all, the government is NOT "involved" but they are just not doing enough, as usual.
Make your losses in demo. Earn your profits live.
  • #68
  • Sep 4, 2017 1:17pm Sep 4, 2017 1:17pm
[quote=Forexia;10257290]{quote} As of right now, you still have not shown ONE shred of evidence of how "TradersWay doing everything they can to remedy the situation for their traders", EXACTLY what Tradersway has DONE. How they adjusted the accounts in question? What was the results of their adjustments? The only thing that I could see TradersWay do is just deny any traders their profit that they made from those spikes......."


--- Every comment I have seen the trader has had his complaint resolved or account restored. So I disagree with you on this point. Show me a trader with a
legitimate complaint that did not have their complaint resolved. All of my complaints have been resolved as well.



quote=Forexia " BUT they don't really put in any REAL solutions to replace those casino brokers which is a REAL central Exchange for trading Spot foreign currencies which actually happened at one time but with no regulatory backings, it just went away. With a real central exchange for spot foreign currency trading, ALL of those brokers aside from the REAL ECN brokers would ALL disappear........"

--- Centralization of industry has never turned out better for the end consumer, it just leads to less competition and monopoly. The corruption quickly follows
from there. So it sounds like you are asking for a paradise which has never materialized each time centralization is attempted.



quote=Forexia "So all in all, the government is NOT "involved" but they are just not doing enough, as usual. "

--- Actually you haven't provided any evidence that the government is not involved. Actually the evidence shows that the government is heavily involved.
I say keep the government out of it. I mean look where it got us United States Traders. The government is the reason we are having this
conversation. Without Government we wouldnt have FIFO, low leverage, no hedging, etc.
L-Train
  • #69
  • Sep 4, 2017 1:44pm Sep 4, 2017 1:44pm
Quoting ltrain
-- Every comment I have seen the trader has had his complaint resolved or account restored. So I disagree with you on this point. Show me a trader with a legitimate complaint that did not have their complaint resolved. All of my complaints have been resolved as well.
Quoting johnnybegood
{quote} I made a total 6 trades (opened and closed) of which 5 are profitable on the 29th. This is the broker's fault not mine. How dare they punish me by deleting or modifying my trades. My concern is that they could turn my profits to losses. This is disturbing! What can I do legally if they try to take away my profits? They are registered in Dominica and probably ran by someone in Europe.
Quoting successwill
{quote} Here is their response to my e-mail: "Dear Client, The orders were closed at incorrect/non-market prices due to a technical error on one of our liquidity provider’s side, therefore they were reopened and your account was corrected accordingly." Seems like they wont take the profits we made with incorrect prices.
Quoting johnnybegood
Incorrect, orders might not even have been opened in the first place since the incorrect feed could have sent false signals for entry. Therefore by just modifiying the price at opening and/or closing would definitely affects the profit/loss. No matter how they spin it, traders are on the losing end and are at a their mercy.
I don't call these comments as coming from traders that had their complaints "resolved", do you? They might be just forced to take whatever Tradersway has stuck it to them but their complaints are not really "resolved". Tradersway has done NOTHING to really "resolve" their complaints.

Quoting ltrain
Centralization of industry has never turned out better for the end consumer, it just leads to less competition and monopoly. The corruption quickly follows from there. So it sounds like you are asking for a paradise which has never materialized each time centralization is attempted.
Do you know what I am advocating?? Please READ what I have written. I stated we needed a real CENTRAL EXCHANGE for all spot forex trading. Did I say I want to centralize the industry? Do you even know what does centralization of industry mean? Under a central exchange, you would still have multiple of brokers and dealers, specialists, market makers dealing with investors. The only difference is there would be NO MORE price manipulations, no more trading against investors, no more hiding behind fake "price spikes" for stop-huntings and creating artificial losses, no more denying of legitimate profits to traders, and yes, NO MORE A-B booking or B-booking which has been a very lucrative arrangement to brokers like Tradersway because EVERY SINGLE trader would be on A-books having their trades executed by LP's NOT by their brokers through a central exchange. If Tradersway is capitalized enough then it can join the exchange to become its members otherwise it would become a broker, a REALLY TRUE ECN broker that would earn commissions just like the stock brokers that we have today and no more profits from trading against their own clients.

And so far, it's worked VERY WELL for trading in other instruments like stocks, futures, bonds, options with a central exchange. Of course the only party that would not fare as well would be the current marketmaking brokers because they would've lost the chunk of profits that they are currently taking from investors by trading against them. And it's not surprising that they would not want a central exchange and would instead mislabel it with fear-mongering term like "centralization of industry". LOL
Make your losses in demo. Earn your profits live.
  • #70
  • Sep 4, 2017 1:53pm Sep 4, 2017 1:53pm
There is a thread over on FPA regarding this and a rep for TW is actively addressing. http://www.forexpeacearmy.com/commun...t.51853/page-2
Trade with confidence, trade without fear.
  • #71
  • Sep 4, 2017 2:08pm Sep 4, 2017 2:08pm
Quoting Cryptosurf
There is a thread over on FPA regarding this and a rep for TW is actively addressing. http://www.forexpeacearmy.com/commun...t.51853/page-2
Yes blame it on the roll-over. LOL Wow, these brokers are getting more and more creative everyday. And I agree with the comments in that thread on FPA that they REALLY wanted to resolve the issue correctly, they should just erase ALL trades, winning or losing ones that were entered as a result of the price spikes because if that price "spike" was faulty and wrong and shouldn't have happened then any resulting trades shouldn't have happened either. That's another alternative in resolving this issue instead of re-entering the trades at prices that they could just set at whatever level they want. But no, they want to cancel the profitable trades, the trades that they would actually lose money on and have the trades re-opened at prices favourable to them so they can still make money.

This is essentially what negotiating OTC is, two sides trying to agree on one price and the one with the stronger financial power wins. Guess who's the one who has stronger financial power? And remember, there is NO regulators that you can complain this issue to should you not satisfied with what Tradersway deals to you. You are on your own.
Make your losses in demo. Earn your profits live.
  • #72
  • Sep 4, 2017 2:18pm Sep 4, 2017 2:18pm
Quoting Forexia
{quote} Yes blame it on the roll-over. LOL Wow, these brokers are getting more and more creative everyday. And I agree with the comments in that thread on FPA that they REALLY wanted to resolve the issue correctly, they should just erase ALL trades, winning or losing ones that were entered as a result of the price spikes because if that price "spike" was faulty and wrong and shouldn't have happened then any resulting trades shouldn't have happened either. That's another alternative in resolving this issue instead of re-entering the trades at prices...
Now you're just being ridiculously and intentionally dishonest. He didn't blame the event in question on roll over at all. The end of day spike/roll over was on a different date altogether.

Not sure why you are so emotionally invested in an event with a broker you admittedly never used.

And looking at at your post history you spend most of your time running around with your hair on fire, screaming "the sky is falling!"
Trade with confidence, trade without fear.
  • #73
  • Sep 4, 2017 2:48pm Sep 4, 2017 2:48pm
Quoting Cryptosurf
{quote} Now you're just being ridiculously and intentionally dishonest. He didn't blame the event in question on roll over at all. The end of day spike/roll over was on a different date altogether. Not sure why you are so emotionally invested in an event with a broker you admittedly never used. And looking at at your post history you spend most of your time running around with your hair on fire, screaming "the sky is falling!"
People actually noticed more price spikes than the two cases where they admitted as "erroneous price feeds by their LP" in their email. And for majority of the cases, he just used "roll-over" as the occasion that these price spikes happened and dismissed them according to the links that you provided and this is what they wrote:

"Yes, this is the rollover and it is because MT4 draws its candles using the Bid prices only. The spreads on GBPAUD and GBPNZD are very high during the rollover. You cannot compare between brokers because we all use different liquidity providers."

I don't use this broker (and never will) but I am still entitled to comment on what I have been reading and provide my comments mostly responding to Itrain and others who seem to be vehemently defending this broker.

But WHY are you "so emotionally invested" in my comments? LOL You don't like what I wrote? Just put me on Ignore which is what I will do to you if you cannot remain civil in your comments.
Make your losses in demo. Earn your profits live.
  • #75
  • Sep 4, 2017 3:02pm Sep 4, 2017 3:02pm
Quoting Cryptosurf
Hidden
Putting you on Ignore. And not only that, your post will be reported because it is in direct violation of Code of Conduct here on FF. Goodbye!
Make your losses in demo. Earn your profits live.
  • #77
  • Sep 4, 2017 3:53pm Sep 4, 2017 3:53pm
Quoting Forexia
{quote} Putting you on Ignore. And not only that, your post will be reported because it is in direct violation of Code of Conduct here on FF. Goodbye!
And yours is also a direct violation of conduct my friend

Quote
VI. No conspiracy or doomsday

Forex Factory is not the place for people with an extraordinary ability to detect conspiracies, or people who have the ability to predict the demise of a market, monetary system, government, country, civilization, or the world itself. These abilities are not useful in trading, and serve as a distraction to traders who view the market from a professional standpoint.

That's all you been doing here is spreading conspiracies.
Trade with confidence, trade without fear.
  • #78
  • Edited 4:17pm Sep 4, 2017 3:59pm | Edited 4:17pm
Quoting Forexia
{quote} Yes blame it on the roll-over. LOL Wow, these brokers are getting more and more creative everyday. And I agree with the comments in that thread on FPA that they REALLY wanted to resolve the issue correctly, they should just erase ALL trades, winning or losing ones that were entered as a result of the price spikes because if that price "spike" was faulty and wrong and shouldn't have happened then any resulting trades shouldn't have happened either. That's another alternative in resolving this issue instead of re-entering the trades at prices...
Okay, I've hesitated saying this, but: I know for a fact that people WERE reimbursed for losses incurred because of the spikes... AND others were allowed to keep their profits from the spikes, if based on the traders' closing of previously-opened trades. So your stating that T'sWay would never allow that is just flat wrong. And no, I won't be providing personal "proof" of what I just said, since this is getting pretty weird. It feels like there's a witch hunt out to take down T'sWay, and trying to get current clients to inadvertently help in that take down.

And Forexia, I just want to say that I don't have a problems with you sounding the alarm where sketchy brokers are concerned. God knows there are plenty of them, and reminding the world of that is a GOOD thing. It's just that, in this particular case with this particular broker, I think you're wrong. But overall, warning about what brokers are capable of... that's fine.
  • #79
  • Sep 4, 2017 4:05pm Sep 4, 2017 4:05pm
Quoting Ratmach
{quote} Okay, I've hesitated saying this, but: I know for a fact that people WERE reimbursed for losses incurred because of the spikes... AND others were allowed to keep their profits from the spikes, if based on the traders' closing of previously-opened trades. So your stating that T'sWay would never allow that is just flat wrong. And no, I won't be providing personal "proof" of what I just said, since this is getting pretty weird. It feels like there's a witch hunt out to take down T'sWay, and trying to get current clients to inadvertently help...
The tin foil hat brigade will still see it as a grand conspiracy.
Trade with confidence, trade without fear.
  • #80
  • Sep 4, 2017 4:06pm Sep 4, 2017 4:06pm
Quoting Forexia
{quote} People actually noticed more price spikes than the two cases where they admitted as "erroneous price feeds by their LP" in their email. And for majority of the cases, he just used "roll-over" as the occasion that these price spikes happened and dismissed them according to the links that you provided and this is what they wrote: "Yes, this is the rollover and it is because MT4 draws its candles using the Bid prices only. The spreads on GBPAUD and GBPNZD are very high during the rollover. You cannot compare between brokers because we all use...
I know of two times there were major spikes, and these spikes occurred on several pairs at the same time. When one of the spikes occurred, about a half an hour later there was another, opposite spike which put the price pretty much back where it started (and now accurate). The other spikes happened a few hours later, but this one was "corrected" within about a minute or two. There may have been more, but these are the ones I noticed.
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