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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #9,601
  • Aug 16, 2007 11:26am Aug 16, 2007 11:26am
LOL thanks bud.. should be the Aus - FX as well haha..thanks to many of you, for keeping confidence in my trades -when i was going nuts
  • #9,602
  • Aug 16, 2007 11:27am Aug 16, 2007 11:27am
Quoting Abouelzelouf
Spread became about 15 pips crazy brokers

My spread right now on FXCM CNX is 2.3 pips
  • #9,603
  • Aug 16, 2007 11:27am Aug 16, 2007 11:27am
Quoting auslanco
KARMO-FX Inc
Hahaha no, you're the millionaire here

Auslanco-Forex Inc , free 1K mini accounts LOL
Trade what you see, not what you think.
  • #9,604
  • Aug 16, 2007 11:29am Aug 16, 2007 11:29am
Quoting auslanco
My spread right now on FXCM CNX is 2.3 pips
Aus whats their link by any chance ?... i cancel my account with gft.. oo are they horrible ( 4 trades in these past two weeks of over 100 pips that they dont honor)
  • #9,605
  • Aug 16, 2007 11:30am Aug 16, 2007 11:30am
Quoting auslanco
KARMO-FX Inc


try space vision.
  • #9,606
  • Aug 16, 2007 11:32am Aug 16, 2007 11:32am
Quoting markam
It looks like they changed the rules. Here are the new rules

NYSE Collar (Rule 80A): Index arbitrage tick test Rule 80A provides that index arbitrage orders can only be executed on plus or minus ticks depending on the change in the NYSE Composite Index (NYA). In the parlance of the NYSE, the orders must be "stabilizing." This rule only effects S&P 500 stocks, and is also known as the "uptick downtick rule" because it restricts sells to upticks and buys to downticks. In other words, when the market is down (last tick was down), sell orders can't be executed at lower prices. In an up market (last tick was up), buy orders can't be executed for higher prices. This collar is removed when the NYA retraces its gain or loss to within approximately 1% of the previous close. As of mid 2007, the collar is imposed at a 2% movement in the NYA based on the previous close, which means a 180 point change triggers the collar, and a move back within 90 points removes the collar. In October 2005 the exchange switched from using the DJIA to the NYA.
CME Restrictions Trading in the S&P500 futures contract is halted just for a few minutes if the prices moves 2.5%, 5%, or 10% from the previous close. Because restrictions on the NYSE effectively shut down trading in this futures contract, there is little need for additional restrictions on the CME.
NYSE Circuit Breakers These restrictions are also known as "Rule 80B." The first version of this rule, adopted in 1988, set triggers at 250 DJIA points and 400 DJIA points. These restrictions are updated quarterly to reflect the heights to which the Dow Jones Industrial Average has climbed.

  1. 10% decline (950 points for 3Q02)
    The first circuit breaker is triggered if the DJIA declines by approximately 10%. The restrictions that are put into place -- if any -- depend on the time of day when the circuit breaker is triggered. If the trigger occurs before 2pm Eastern time, trading is halted for 1 hour. If the trigger occurs between 2 and 2:30pm Eastern, trading is halted for 30 minutes. If the trigger occurs after 2:30pm Eastern time, no restrictions are put into place. (This restriction was first used during the afternoon of 27 Oct 97.) Note that there is no similar restriction to the upside; nothing is done if the Dow rallies 10%.
  2. 20% decline (1900 DJIA points for 3Q02)
    The second circuit breaker is triggered if the DJIA declines by approximately 20%. The restrictions that are put into place again depend on the time of day when the circuit breaker is triggered. If the trigger occurs before 1pm Eastern time, trading is halted for 2 hours. If the trigger occurs between 1 and 2pm Eastern, trading is halted for 1 hour. If the trigger occurs after 2pm Eastern time, the NYSE ends trading for the day. Again there is no similar restriction to the upside; nothing is done if the Dow rallies 20%.
  3. 30% decline (2850 DJIA points for 3Q02)
    The third circuit breaker is triggered if the DJIA declines by approximately 30%. The restriction is very simple: the NYSE closes early that day. And like the other cases, again no restrictions are imposed if the Dow rallies 30%.

So, Markam...where does this leave us now?????
  • #9,607
  • Aug 16, 2007 11:32am Aug 16, 2007 11:32am
10% correction (12600) is in "normal" market conditions.
Are these normal market conditions as of late?

I'm thinking more like 15-20% in these market conditions.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #9,608
  • Aug 16, 2007 11:32am Aug 16, 2007 11:32am
Dow Dow
Attached Image
  • #9,609
  • Aug 16, 2007 11:33am Aug 16, 2007 11:33am
Quoting karmostaji
FXCM is a bad broker.
Im with IG Markets!!

I've had no troubles with them
  • #9,610
  • Aug 16, 2007 11:34am Aug 16, 2007 11:34am
HOLLLYY MOLYYY..I just left my day job..1700 PIPS in two days thats lot of indian rupess in Dollar atleast for six months im out of work

Thank you Aus and karmo...you guys are wonderfull...im shivering and shaking and my heart is beating fast...i think i will die today
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  • #9,611
  • Aug 16, 2007 11:35am Aug 16, 2007 11:35am
Bro, I suggest you update the sig and state that 1st and 2nd TP reached..

HaHa.. don't want others to think that you are long now HAHA.. hey, u never know what people think!

Lolx.

Great call buddy.. I missed on the boat, but did get a 100pip run downtrend and now waiting for the 221.xx area and i'll be done for the day!!

Great pipping guys!!

Quoting karmostaji
Hahaha no, you're the millionaire here

Auslanco-Forex Inc , free 1K mini accounts LOL
  • #9,612
  • Aug 16, 2007 11:36am Aug 16, 2007 11:36am
Quoting gr8collector
FXCM sucks. lost around 200 pips with them today when they froze GJ prices on my account.
they are bad and they are good I did have a big problem with them today, I did have a trade it was +about 700 pips, when I did close it it went into possessing and it stayed there it did not get closed until it was -900 pips.
this happened when the platform freeze. I did call, sent email chat with them, then they gave it all back to me with my profit at the moment I clicked the close of that trade. at that time got relaxed. it was frustrating.
  • #9,613
  • Aug 16, 2007 11:36am Aug 16, 2007 11:36am
Quoting jbandwater
So, Markam...where does this leave us now?????
that we are .1% from closing the market for 1 hour till things get stabalized.... i think the market is gona get halted.. wow
  • #9,614
  • Aug 16, 2007 11:36am Aug 16, 2007 11:36am
just grabbed a nice 265 pips next GJ target?
  • #9,615
  • Aug 16, 2007 11:37am Aug 16, 2007 11:37am
Quoting auslanco
Latest news..

FXCM do not except any orders more than 5 lots right now. freaking &%(**
You should use Marketiva bro... so far no such problem encountered
  • #9,616
  • Aug 16, 2007 11:37am Aug 16, 2007 11:37am
Looks like it is heading lower. I have an SI cross on the 30 min chart. This is MT4 chart not VT.
  • #9,617
  • Aug 16, 2007 11:38am Aug 16, 2007 11:38am
Quoting spiderforex
HOLLLYY MOLYYY..I just left my day job..1700 PIPS in two days thats lot of indian rupess in Dollar atleast for six months im out of work

Thank you Aus and karmo...you guys are wonderfull...im shivering and shaking and my heart is beating fast...i think i will die today

No need to brother, I can't even begin to count how many pips I've made. I have been short on all of yen crosses including nzd/usd, aud/usd and gbp/usd since monday. I am not even going to count how many pips.

Great Job Everyone! May we all retire early!
Humble Lifetime Member
  • #9,618
  • Aug 16, 2007 11:39am Aug 16, 2007 11:39am
Quoting jbandwater
So, Markam...where does this leave us now?????

The market is operating under Rule 80A now. It will just slow any movement to a crawl. From a forex market point of view, the stock market is closed.
  • #9,619
  • Aug 16, 2007 11:40am Aug 16, 2007 11:40am
is that market going to get halted ? !
  • #9,620
  • Aug 16, 2007 11:41am Aug 16, 2007 11:41am
Quoting Ash
No need to brother, I can't even begin to count how many pips I've made. I have been short on all of yen crosses including nzd/usd, aud/usd and gbp/usd since monday. I am not even going to count how many pips.

Great Job Everyone! May we all retire early!
Yeah bro..its scary...it couldn't have happened so fast.. is there any limit...or the greed shall set in
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