Price manipulation and SL hunting | Page 2 | Forex Factory

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Price manipulation and SL hunting

  • #21
  • Sep 8, 2010 10:00am Sep 8, 2010 10:00am
Well done to the thread starter, expose the thieving bastards, all of them!
  • #22
  • Sep 9, 2010 8:08am Sep 9, 2010 8:08am
For Cooltrader28, you've made a few sweeping assumptions here dude. I have accounts with more than one broker. Some no longer accept US accounts, some do. Surely it's my decision - or am I missing something here?

If you had bothered to read my post, I asked if you had anything to report. Nothing more, nothing less.

You seem to have a grudge against a particular broker (I won't mention the name again if that makes you happy). Yes, I have an account with the particular broker in question and yes, I am happy with the relationship so far.

The broker in question did stop trading with US residents. I have a house in Croydon, so I provided a gas bill in my name from the UK and the details on my account were changed to reflect that. Account still active.

Yes Cooltrader28, you are certainly entitled to your opinion. However, please do me the courtesy of extending me the same rights I am perfectly ready to extend you. The right to my opinion.

Thanks
  • #23
  • Sep 9, 2010 8:54am Sep 9, 2010 8:54am
  •  SwissRaj
  • | Joined Aug 2010 | Status: (¯`·._.· the lonely trader ·._.·´¯) | 109 Posts
I still wonder why on earth people plays FX?

Why you don't like futures?

When i feel like trading currencies, i just use CME/nybot futures.

I'm still waiting for someone to explain me the advantages of those "rare things" you all trade

Maybe all of you are right and i'm terribly wrong.
If so, I would appreciate someone to help me out.
>>> psychology is more important than technicalities ^_^
  • #24
  • Sep 9, 2010 9:28am Sep 9, 2010 9:28am
Quoting daveyboy
For Cooltrader28, you've made a few sweeping assumptions here dude. I have accounts with more than one broker. Some no longer accept US accounts, some do. Surely it's my decision - or am I missing something here?

If you had bothered to read my post, I asked if you had anything to report. Nothing more, nothing less.

You seem to have a grudge against a particular broker (I won't mention the name again if that makes you happy). Yes, I have an account with the particular broker in question and yes, I am happy with the relationship so far.

The broker...
I think the question is, have you ever withdrawn a significant amount of money from your account with them?
  • #25
  • Sep 10, 2010 5:46am Sep 10, 2010 5:46am
Quoting wannatradefx
I think the question is, have you ever withdrawn a significant amount of money from your account with them?
Which is probably one of the key issues any of us need to be careful about when dealing with any brokers.

Significant of course will depend on individual circumstance. What might be significant for me could well be peanuts for somebody else. Usual withdrawals would be around 800 - 1500 USD. I don't tend to make a lot of smaller withdrawals as the PayPal or credit card charges eat up a fair amount from small sums.

I've only ever had one problem with a PayPal withdrawal one time. I accessed my PayPal account while on vacation and PayPal flagged the account and limited access for around a week. I had a withdrawal from my broker pending and when it went through I could see the funds in my PayPal account but I couldn't do anything with them.

Short answer would be No, I've never had a problem withdrawing the amounts I requested. To be fair though, I've never had a problem withdrawing from accounts with other brokers either.
  • #26
  • Edited 8:26am Sep 10, 2010 8:07am | Edited 8:26am
Here are a few nice pictures for you to look at.
FYI I'm not affliated to any exchange whatsoever.

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  • #27
  • Sep 10, 2010 4:40pm Sep 10, 2010 4:40pm
Quoting mucropteltd
Here are a few nice pictures for you to look at.
FYI I'm not affliated to any exchange whatsoever.

Attachment

Attachment

Attachment

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Very nice !
  • #28
  • Sep 10, 2010 8:28pm Sep 10, 2010 8:28pm
Quoting SwissRaj
I still wonder why on earth people plays FX?

Why you don't like futures?

When i feel like trading currencies, i just use CME/nybot futures.

I'm still waiting for someone to explain me the advantages of those "rare things" you all trade

Maybe all of you are right and i'm terribly wrong.
If so, I would appreciate someone to help me out.
Main reason that I trade FX:

1. Easy to trade. I don't have to learn their complex pricing models, their pricing structures and their features like their expiration date

2. No systematic volatities like around "triple witching" time

3. Highly liquid because FX is money that we use today, at this moment. And since everybody uses money everyday at certain time of the day, its trading should be more frequent and thus higher liquidity.

OTC FX market today is not perfect but it's come a long way. I hope the future of the OTC FX market will be one giant global ECN like the "Island" Order-Matching system for Electronic Stocktrading, where buy and sell Spot FX orders are automatically matched on a first-come, first-serve basis while adhering to order-handling rules and still maintaining the anonymity of all trading parties. So instead of trading with individual ECN brokers like today, all of the brokers will be ECN's who tap into this 24-hour, around-the clock ONE giant ECN called "FX Island" and all we traders have to do is trade on this huge "FX Island" via the brokers! It's simple to use, transparent with market depth for us to see and yet with anonymity of everybody! No more SL hunting, no more requoting, no more missed Limit and SL orders!

My personal observation and vision.
Make your losses in demo. Earn your profits live.
  • #29
  • Sep 11, 2010 11:30am Sep 11, 2010 11:30am
2. If you have traded and scalped Forex, you will know that "triple witching" actually happens in Forex too. You have to know this in order to understand the mechanics going on between the buy side (institutions) and the sell side (interbank dealers/brokers). Because the actual exchange traded volumes are so big, it tends to affect Forex and vice versa.

3. There have been a lot of misinformation on the web regarding liquidity. Retail still consititutes a small fraction of the volume compared to the volume the big players are actually trading.

Volume information is a bit strange in retail forex. Your volume bar is actually calculated by the tick, not by actual trade volume. Correct me if I'm wrong.

Having a great big ECN will be very difficult to regulate and control. Granted there can be brokers who can try to be honest with you, such cases can be rare.

However, an exchange traded future is still more anonymous and fair with their order matching since its their business to be this way.

"Island" Order-Matching system for Electronic Stocktrading?
Please explain.

Quoting Forexia
Main reason that I trade FX:

1. Easy to trade. I don't have to learn their complex pricing models, their pricing structures and their features like their expiration date

2. No systematic volatities like around "triple witching" time

3. Highly liquid because FX is money that we use today, at this moment. And since everybody uses money everyday at certain time of the day, its trading should be more frequent and thus higher liquidity.

OTC FX market today is not perfect but it's come a long way. I hope the future of the OTC FX market will...
  • #30
  • Sep 13, 2010 5:56am Sep 13, 2010 5:56am
  •  SwissRaj
  • | Joined Aug 2010 | Status: (¯`·._.· the lonely trader ·._.·´¯) | 109 Posts
Quoting Forexia
Main reason that I trade FX
[...]
My personal observation and vision.
thanks forexia

I respect your reasons, but from my point of view none of them are advantages. For me.

I don't find any difficulties in trading futures. Expiry date is a bit annoying but no big problem.

And liquidity is enough for me. I don't trade 10000 contracts, just a couple of them.

Getting an official price and avoid play against the broker is a key fact for me.

About the universal ecn, it would be easier (for stocks in my case, i use ArcaECN) but i don't know if it would be feasible.

I also hope they would unify all the futures in globex.
>>> psychology is more important than technicalities ^_^
  • #31
  • Oct 5, 2010 7:55am Oct 5, 2010 7:55am
Quoting cooltrader28
Warning
Daveboy FXPRO SCAMMER

Posts from Dave

DAVE IM VERY HAPPY FOR YOU THAT YOU LIKE THE DEPOSIT AND WITHDRAWL OPTIONS ) OMG

Location from Dave : US
Fxpro dont allow US CLients

Sure you dont trade there for yourself and just for others because you know that your own company or the company you do the spam work for is cheating traders!

company in cyprus can do anything with your money
they dont investigate against "virtual dealer plugin" because...
WELL DONE Cooltrader28! It is hard to spot spammers, nice work.
btw, what did happen to you with fxpro?
You never told us what we need to look out for...
  • #32
  • Last Post: Sep 10, 2013 6:14am Sep 10, 2013 6:14am
As recently shown by Bloomberg Market price manipulation in Forex is getting more and more obvious and revealed.


However, as obvious in this forum (by 2010) these kinds of manipulative price patterns and Stop Runs have been going on for a long time.

Here you can find some more actual information about the manipulative price rigging process in Forex and how to trade with it: Forex Market Price Rigging series
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