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Cable Update (GBPUSD)

  • #184,781
  • Nov 26, 2009 7:13am Nov 26, 2009 7:13am
Cable napping... but already not interested about continue short
  • #184,782
  • Nov 26, 2009 7:34am Nov 26, 2009 7:34am
Hi guys

Don''t know all the ins and outs of legal stuff regarding Forex, but want to throw this if anyone knows what I can do. I have been trading with GCI and they have deducted $8000 yesterday from my account because I was scalping the market. I have seen that there system was sometime in lag mode and then when I opened trades during news time, they said that I was scalping the market and that this is not trading according to them.

No where in the terms and conditions have I seen anything that they said that one cannot scalp the market. Do I have any rights to stand on here or can the broker just deduct my winnings from my account. They confirmed that they have a problem with there system at some times and that all my trades were made during the time that their system was having problems.

Can I do anything here.

Thanks
  • #184,783
  • Nov 26, 2009 7:39am Nov 26, 2009 7:39am
Quoting Gena
Hi guys

Don''t know all the ins and outs of legal stuff regarding Forex, but want to throw this if anyone knows what I can do. I have been trading with GCI and they have deducted $8000 yesterday from my account because I was scalping the market. I have seen that there system was sometime in lag mode and then when I opened trades during news time, they said that I was scalping the market and that this is not trading according to them.

No where in the terms and conditions have I seen anything that they said that one cannot scalp the market. Do...
http://www.goforex.net/reviews/gci-financial.htm

http://www.forexpeacearmy.com/public...gcitrading.com
  • #184,784
  • Nov 26, 2009 7:39am Nov 26, 2009 7:39am
Attached Image (click to enlarge)
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if cable hold this area for 2-3 candles long wave will start
  • #184,785
  • Nov 26, 2009 8:06am Nov 26, 2009 8:06am
Quoting Gena
Hi guys

Don''t know all the ins and outs of legal stuff regarding Forex, but want to throw this if anyone knows what I can do. I have been trading with GCI and they have deducted $8000 yesterday from my account because I was scalping the market. I have seen that there system was sometime in lag mode and then when I opened trades during news time, they said that I was scalping the market and that this is not trading according to them.

No where in the terms and conditions have I seen anything that they said that one cannot scalp the market. Do...
I would say pull all your money out NOW NOW NOW!!!!.......

JMO
  • #184,786
  • Nov 26, 2009 8:10am Nov 26, 2009 8:10am
Quoting Gena
Hi guys

Don''t know all the ins and outs of legal stuff regarding Forex, but want to throw this if anyone knows what I can do. I have been trading with GCI and they have deducted $8000 yesterday from my account because I was scalping the market. I have seen that there system was sometime in lag mode and then when I opened trades during news time, they said that I was scalping the market and that this is not trading according to them.

No where in the terms and conditions have I seen anything that they said that one cannot scalp the market. Do...
Your post says that you were aware their quotes were lagging the market. Therefore, you knew they were quoting off-market prices and you subsequently attempted to use this to your advantage and arbitrage this discrepancy in your favour.

On this basis, the broker is within their rights to reclaim your winnings from these off-market positions, arising from system problems at their end.
  • #184,787
  • Nov 26, 2009 8:29am Nov 26, 2009 8:29am
looking to buy EURGPB on 0.909x target adjustable

do not copy, on your risk
When life gives you lemons, make lemonade
  • #184,788
  • Nov 26, 2009 8:40am Nov 26, 2009 8:40am
i rarely see anybody else stating their trades from time to time
why not?
When life gives you lemons, make lemonade
  • #184,789
  • Nov 26, 2009 8:41am Nov 26, 2009 8:41am
Quoting Gena
Hi guys

Don''t know all the ins and outs of legal stuff regarding Forex, but want to throw this if anyone knows what I can do. I have been trading with GCI and they have deducted $8000 yesterday from my account because I was scalping the market. I have seen that there system was sometime in lag mode and then when I opened trades during news time, they said that I was scalping the market and that this is not trading according to them.

No where in the terms and conditions have I seen anything that they said that one cannot scalp the market. Do...
Hey ive heard GCI is a know scam broker or something. be careful.
  • #184,790
  • Nov 26, 2009 8:43am Nov 26, 2009 8:43am
i am in long EURGBP at 0.9100 target adjustable 0.9131
When life gives you lemons, make lemonade
  • #184,791
  • Nov 26, 2009 8:53am Nov 26, 2009 8:53am
@ micho

And what is your sl if i may ask?
  • #184,792
  • Edited 10:03am Nov 26, 2009 8:58am | Edited 10:03am
Quoting FXAdvice
kind of scalper
I don't care with the word you named to me ! Look the current chart I prefer like to get + 8 x 2 + 20 + 30 = 66 pips than married to floating loss - 50 pips or married to your long on 1.6525 !!! Anyway I hope you are lucky with your hold long !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,793
  • Nov 26, 2009 9:28am Nov 26, 2009 9:28am
Believe it or not...
Attached Image (click to enlarge)
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ABCD..
  • #184,794
  • Nov 26, 2009 9:34am Nov 26, 2009 9:34am
Quoting sreeprakash
Believe it or not...
Nice work .... !!!!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,795
  • Nov 26, 2009 9:36am Nov 26, 2009 9:36am
H4 (and H1 also) shows me a very good opportunity to enter long in the near future
Attached Image (click to enlarge)
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  • #184,796
  • Nov 26, 2009 9:39am Nov 26, 2009 9:39am
Quoting sreeprakash
Believe it or not...
trend is your friend
  • #184,797
  • Nov 26, 2009 9:41am Nov 26, 2009 9:41am
I wanted to express my disapointment today , i shorted cable at 6722 with stop at 6735 , i was up 10 pips i close the trade and went away, i wake up this morning BOOM , u know that feeling LOL? JUst wanted to tell someone
  • #184,798
  • Nov 26, 2009 9:43am Nov 26, 2009 9:43am
yes but you are on demo account. it is totally different than reality.
Quoting sreeprakash
Believe it or not...
  • #184,799
  • Nov 26, 2009 9:47am Nov 26, 2009 9:47am
Quoting geocatalinfx
yes but you are on demo account. it is totally different than reality.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,800
  • Nov 26, 2009 9:50am Nov 26, 2009 9:50am
Quoting manize
Nice work .... !!!!
Thanks bro..
Its demo account and i was experimenting with a chain strategy lol...
ABCD..
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