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MB Trading Futures - Introduction

  • #6,941
  • Mar 16, 2011 4:20pm Mar 16, 2011 4:20pm
Bloodbath in usd/jpy during rollover - hope noone is caught in a long
  • #6,942
  • Mar 16, 2011 4:21pm Mar 16, 2011 4:21pm
Quoting shrike
Bloodbath in usd/jpy during rollover - hope noone is caught in a long
Gain/Forex.com just removed all JPY pairs - no trading..
  • #6,943
  • Mar 16, 2011 4:25pm Mar 16, 2011 4:25pm
JUST FROZE AGAIN ...3rd time again this week...no control to manage trade....SEE MBT>>>>>ALL BE WARNED ABOUT MBT>>>GOOD LUCK....I gave you another chance.....JUSTIN THIS IS BULLSHIT
  • #6,944
  • Mar 16, 2011 4:31pm Mar 16, 2011 4:31pm
Yup, just got caught in a very nasty way with a long USDJPY........MBT managed to miss my stoploss by 112 pips
  • #6,945
  • Mar 16, 2011 4:31pm Mar 16, 2011 4:31pm
Quoting Atc
JUST FROZE AGAIN ...3rd time again this week...no control to manage trade....SEE MBT>>>>>ALL BE WARNED ABOUT MBT>>>GOOD LUCK....I gave you another chance.....JUSTIN THIS IS BULLSHIT
Not frozen here. L1 & L2 MBT feed into QuoteTracker.
  • #6,946
  • Mar 16, 2011 4:35pm Mar 16, 2011 4:35pm
Quote
Not frozen here. L1 & L2 MBT feed into QuoteTracker.
L1 & L2 were available, but orders were "Suspended" till 5:22. Now fundamental question. Who moved market at 5pm if banks are at rollover period? Those talk about ECN, bank etc. is just a big ....
  • #6,947
  • Mar 16, 2011 4:44pm Mar 16, 2011 4:44pm
Quoting pavikogm
L1 & L2 were available, but orders were "Suspended" till 5:22. Now fundamental question.
Interesting, the L2 book has been showing client limit orders the entire time..

Quote
Who moved market at 5pm if banks are at rollover period? Those talk about ECN, bank etc. is just a big ....
Major multi-decade lows hit, huge stops were probably forced thru at rollover. A stampede for the exits combined with low liquidity and this is what happens.

No short position here and frankly regretting it..
  • #6,948
  • Mar 16, 2011 4:50pm Mar 16, 2011 4:50pm
USD/JPY 80% net long, 85% net long, 90% net long! Retail getting taken out to slaughter, what a payday for the MMs/LPs.
  • #6,949
  • Mar 16, 2011 4:56pm Mar 16, 2011 4:56pm
Yes, i dont know what it is with usd/jpy and retail - the average Oanda customer is heavily long since atleast May last year, too. Every other pair is around 45% - 55% net long/short, but in usd/jpy the Oanda-customer knows only one direction...
  • #6,950
  • Mar 16, 2011 5:20pm Mar 16, 2011 5:20pm
Quoting kennyhubbard
Yup, just got caught in a very nasty way with a long USDJPY........MBT managed to miss my stoploss by 112 pips
http://www.forexfactory.com/showpost...postcount=6925
  • #6,951
  • Mar 16, 2011 5:41pm Mar 16, 2011 5:41pm
Hi Justin, Look at order 1589070 for account 14577458... Can you do anything about this? Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: 1589070.jpg Size: 136 KB
  • #6,952
  • Mar 16, 2011 6:44pm Mar 16, 2011 6:44pm
Quoting zznbrm
Last Week: MBT Servers on US EST (GMT-5)
This Week: MBT Servers on US EDT (GMT-4)
Thanks for the info.
  • #6,953
  • Mar 16, 2011 6:56pm Mar 16, 2011 6:56pm
All,

As someone pointed out, other brokers completely pulled their JPY-based pairs. There was no liquidity for that move in the market, all of the banks are pulling bids. This is part of the risk of the market. Similar stuff happened back during the banking crisis in 2008. The market moved very quickly at what is already normally the slowest time of day and the selling was so heavy that all of the buyers were just leaping out of the way. I don’t think I should have to say that you should be extra cautious in this environment, especially on the JPY-based pairs. All of the providers and banks are jittery. There are also big interventions going on. The USDJPY just broke a key record technical level. Getting fills in a move like that with everyone pulling their liquidity can be tough.
  • #6,954
  • Mar 16, 2011 10:45pm Mar 16, 2011 10:45pm
Quoting Atc
JUST FROZE AGAIN ...3rd time again this week...no control to manage trade....SEE MBT>>>>>ALL BE WARNED ABOUT MBT>>>GOOD LUCK....I gave you another chance.....JUSTIN THIS IS BULLSHIT
justin,as u can see your LIVE platform is down again,so many times this week,its really getting everyone nervous and angry! I think the least that your company should do is to ensure that connectivity is up all the time,not down every now and then,i do like MBT but this is really getting unbearable!
  • #6,955
  • Mar 16, 2011 10:55pm Mar 16, 2011 10:55pm
Question for Justin

What was the highest spread at MBT on the Euro/Usd today between 1700 and 1800?

Anybody, what was the highest you saw?

cheers
  • #6,956
  • Mar 16, 2011 10:59pm Mar 16, 2011 10:59pm
Quoting goldsurfer
Question for Justin

What was the highest spread at MBT on the Euro/Usd today between 1700 and 1800?

Anybody, what was the highest you saw?

cheers
i was sleeping during that time,whats the spread for this highly traded pair? should be low,isnt it?
  • #6,957
  • Mar 16, 2011 11:24pm Mar 16, 2011 11:24pm
Quoting fxking
i was sleeping during that time,whats the spread for this highly traded pair? should be low,isnt it?
You musta been sleeping sound! Better do a lil reading and look at a few charts


cheers

hint start with Justin's post just above mine
  • #6,958
  • Mar 17, 2011 12:29am Mar 17, 2011 12:29am
Quoting goldsurfer
Question for Justin

What was the highest spread at MBT on the Euro/Usd today between 1700 and 1800?

Anybody, what was the highest you saw?

cheers
About 3.5
FXChant Singing the World of Forex
  • #6,959
  • Mar 17, 2011 12:31am Mar 17, 2011 12:31am
Quoting shrike
Yes, i dont know what it is with usd/jpy and retail - the average Oanda customer is heavily long since atleast May last year, too. Every other pair is around 45% - 55% net long/short, but in usd/jpy the Oanda-customer knows only one direction...
I can't figure out why anyone is playing with the JPY anything with what is going on. Scary, but, I guess that's fx traders for ya.
FXChant Singing the World of Forex
  • #6,960
  • Mar 17, 2011 1:45am Mar 17, 2011 1:45am
Quoting Trader KGB
Major multi-decade lows hit, huge stops were probably forced thru at rollover. A stampede for the exits combined with low liquidity and this is what happens.
I'm not asking how stop loss orders are working. I'm asking who and where could make this kind of operation. According to MBT banks were "resting" at 5pm (rollover time). Then who and how was someone able to make transations. There were no banks.
Justing said:
Quote
As someone pointed out, other brokers completely pulled their JPY-based pairs. There was no liquidity for that move in the market, all of the banks are pulling bids. This is part of the risk of the market.
No liquiduty? Then what was a purpose of making transation at the market when there are no banks (so no liquidity). Where can I make the same with my million $? No banks, then at 5pm I can move market to any price.

All those explanation aren't sound and reliable. The "exodus" started a few mintues after 5pm, MBT should allready turn on order server. Why it didn't and kept turned off till market hit total bottom ?
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