The only thread you will ever need: FX Exposed!

a relatively small move upwards to take out the short SL out, possibly making HH & HL's briefly , tempting the Longs SL closer, especially the trailing SL's before collapsing further down towards 1.1400

God morning, If you look at the cable picture, you can see that it starting to come some sellers in, so for what I have learn is that it will now probably turn and go up?

"That is, your top chart resembles IC Markets and the bottom one resembles AxiTrader
Is the difference caused by the broker or by the liquidity providers or by someone else?"

Hi silverau,

no these are not the brokers I use.

YES, the difference is caused by the BROKERS.

One cleaner than the other here.

Stay safe.

FF

Remember:

"Obviously it is done by the brokers who want to take out some stops in their system."

YES.

FF

"
Algos on the dealing side are not left alone. They are not black box systems. They perform complex mathematical functions at almost the speed of light, within nanoseconds.
there are still dealer-driven, manually-executed trades to create panic and fear."

YES,

too much at stake!

FF

"
It is nice how you update here live, and I come back regularly as if to catch the next tv episode as its so interesting to watch.. haha
We have all learnt much from your sharing, eyes opened."

Thank you, dear.

FF

"I guess some people just can't comprehend why someone can have such generosity to be sharing all these knowledge. They keep guessing the agenda and miss out on the pearls here. It must be hard for them to be proven wrong. I guess their priority is not really trading but to find scammers haha. That's why I don't bother with others if their priority isn't aligned. I can see that FF you are still trying to save them, kudos to you for trying! Respect that. But I personally won't bother. =)"


Thank you dear.
Yes, I learned so far, that the IGNORANGE of many ppl is LIMITLESS.

No matter what evidence they are shown.

With such a mindset and bad basis, how can they even distinguish between real and fake expected value in their testing when they create their systems?
THESE gusy FAIL because of THEIR MINDSET and APPROACH, not even the SM.

Do you understand?

FF

So how do you propose protection against such sudden spike? Know they happen and why is good but not enough unless we know "when"... which is impossible to know. I have personally struggled with these nasty spikes

EDIT: These spikes are not just for stop hunts but also to fool the breakout "price followers" to create more liquidity. It is the required function for price to go in the other direction by design.

EDIT1: Do you think these spikes are an unintended consequence of algo-driven flash crash? I feel there has to be a connection (not in FX but in centralized markets)

Just an fyi.

When 2 users mutually subscribe to each other, they be come buddies in the network section.

"So how do you propose protection against such sudden spike? Know they happen and why is good but not enough unless we know "when"... which is impossible to know. I have personally struggled with these nasty spikes"


Pick a good broker (no retail-fancy-logo-spread-manipulating-bucket-shop).

Establish a good relationship with the broker (do NOT force him to give you margin calls).

Trade well.

FF

" Do you think these spikes are an unintended consequence of algo-driven flash crash"

No.

HOWEVER,

yes, brokers also do mistakes,

and there used to be brokers with consistent pricing mistakes. Yes, some clients made a fortune out of that.

FF

See here regarding that arb:

Looks like this will be ANOTHER juicy day.

;-)

Stay safe.

HORRIDO.

FF

You have mentioned this several times about building a good relationship with the broker. I would really like to know how? what path to take? I have dealt with so called VIP client "account manager" from brokers but they are always looking out for their own interest trying to sell PAMM or IB or appear to be supportive and educative and being there to resolve any trade execution issues but bottom line, I felt they were simply shoe salesperson trying to make a few bucks in this hardcore competitive environment. Account Manager at FXCM (my first and long time broker until they we kicked out of USA) was nice and supportive but I never felt like I had any special relationship with them (for a 50K account size). Same sh*t with TDAmeritrade also. I have a very large account with them but they would always call me and appear they are looking out for their own freaking interest instead of mine.

"They keep guessing the agenda and miss out on the pearls here. It must be hard for them to be proven wrong. I guess their priority is not really trading but to find scammers haha. That's why I don't bother with others if their priority isn't aligned. I can see that FF you are still trying to save them, kudos to you for trying! Respect that. But I personally won't bother. =)"


However,
one of the reasons why they will get a FINAL chance to correct their mistakes is also what will follow thereafter. I feel that it would be beneficial to the members here to demonstrate what you should do if you get wrongly accused, cursed on for giving knowledge for free, you are subject to defamation, breaches of law etc.

If they believe I will just accept their written statements (which are already documented), they are wrong. If they believe it is a smart idea to keep on writing such stuff everyday without any consequences, they are wrong. If they believe that they cannot be identified behind their fake names and big keyboards, they are wrong.

Most likely, one of them will be used as a reference case if things continue as they are and their mistakes are not corrected.
In life, do not always go the route of least resistance. STAND up for what is RIGHT. Do the RIGHT THING. If you are on the GOOD side, you will WIN.

The first ONUS to react adequately to such defamation lies on the forum runners, by the way. At the moment, they are SLOW, however, so far, I will stay patient until they had more than enough time to do the right thing.

Stay tuned.

FF

Yes, I respect that and admire your persistence to stand up for what's right. You have my support!

"You have mentioned this several times about building a good relationship with the broker. I would really like to know how? what path to take? I have dealt with so called VIP client "account manager" from brokers but they are always looking out for their own interest trying to sell PAMM or IB or appear to be supportive and educative and being there to resolve any trade execution issues but bottom line, I felt they were simply shoe salesperson trying to make a few bucks in this hardcore competitive environment. Account Manager at FXCM (my first and long time broker until they we kicked out of USA) was nice and supportive but I never felt like I had any special relationship with them (for a 50K account size). Same sh*t with TDAmeritrade also. I have a very large account with them but they would always call me and appear they are looking out for their own freaking interest instead of mine."



Ok so,

firstly................brokers know EXACTLY what is going on on your account.......................they KNOW whether you are winning or losing, they know whether you trade professionally or whether you just gamble like the majority of their clients.
You will be categorized accordingly, in one way or another.

If they offer you "education" or advertise "trade ideas", that is not a great sign.

If however they visit you in person or call you, that is a GOOD sign.

Be aware that for example if you have "blown your accounts" or if you got a margin call, that is not a great basis.

The broker has a RISK here towards LPs, for example if you take on a huge position, you are slipped out, you are supposed to pay money in etc.

Be aware of all that.

FF

"Yes, I respect that and admire your persistence to stand up for what's right. You have my support!"


Thanks, dear.

FF