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Technical Analysis Fallacy

  • #33,721
  • May 24, 2012 4:41am May 24, 2012 4:41am
Quoting Gro
This is not a broker but gravedigger ...
Well... the reason I'm asking about standard protocol among dealers is because when the problem arised and I called them, they immediately offered a solution to the situation.

I was advised to don't do anything and I continued trying to close it through the other platforms.

In the end they honored my initial orders but also took the trades initiated through the system while not working properly.

Overall I've received good service from them and can understand that connectivity issues may happen... I would even agree to a cancel of all trades involved in the incident.

I made a mistake continuing to send orders after being advised not to do so..but... not sure if the resolution is fair?
  • #33,722
  • May 24, 2012 5:29am May 24, 2012 5:29am
Quoting tricello
Good morning FTI and friends!

Dear Fti, I would like to hear your opinion in a situation that happened to me yesterday and if you consider that my broker is acting unhonorably or is it me at fault...

1.- I had a short EUR/USD position open and a limit order to close it with a 5 pip profit already in place.

2.-Price drops through my limit order, but the position still appears open in my platforms and closing order unexecuted. Platform not responding to cancel or close requests.

3.-Call trade desk. Explain the situation (fortunately price...
you like use stops , so what can i say?
you at the mercy of your masters.
whether they was honourable, that can only left to litigation to determined.
but of course you not up to it. You only ants.
They fear you ants?
  • #33,723
  • May 24, 2012 5:32am May 24, 2012 5:32am
Quoting tricello
Well... the reason I'm asking about standard protocol among dealers is because when the problem arised and I called them, they immediately offered a solution to the situation.

I was advised to don't do anything and I continued trying to close it through the other platforms.

In the end they honored my initial orders but also took the trades initiated through the system while not working properly.

Overall I've received good service from them and can understand that connectivity issues may happen... I would even agree to a cancel of all trades...
easy to answer this.
you already answered it yourself.
who put the orders?
did they fill anything that was not put in by you?
so who's fault is it?

anyway if you name the broker, maybe we can all stay away from this one. They seems have systemic failure perform. maybe is run by husband & concubine team in a van with a software and a server.
  • #33,724
  • May 24, 2012 5:38am May 24, 2012 5:38am
Anyway , whats happening in markets.
everyday the banks and the crony institutions hold up the euro.
everyday the futures boys who are very short, tells them where the markets should be.
But they can only show , when banks are not in manipulating.
maybe someone should look at the banks' boards.
Seems bought and paid for.

regards
  • #33,725
  • May 24, 2012 5:43am May 24, 2012 5:43am
Quoting fti
easy to answer this.
you already answered it yourself.
who put the orders?
did they fill anything that was not put in by you?
so who's fault is it?

anyway if you name the broker, maybe we can all stay away from this one. They seems have systemic failure perform. maybe is run by husband & concubine team in a van with a software and a server.
Thanks for answering Fti.... I don't really use stops, it was an order to realign my exposure really.

Who put the orders?? well.... they filled an order that was put by me, but based in faulty information (open position on platform). Also, I was advised to not do so. I'm probably naive but willing to think that they are not acting with bad intentions. I've been trading with MB trading for a few months without any real issues besides this one.
  • #33,726
  • May 24, 2012 5:47am May 24, 2012 5:47am
Quoting tricello
Well... the reason I'm asking about standard protocol among dealers is because when the problem arised and I called them, they immediately offered a solution to the situation.

I was advised to don't do anything and I continued trying to close it through the other platforms.

In the end they honored my initial orders but also took the trades initiated through the system while not working properly.

Overall I've received good service from them and can understand that connectivity issues may happen... I would even agree to a cancel of all trades...
Enter the order in the vacuum?
To say "do nothing" .. and minus 40pips ?!?
In the mess at home is responsible landlord.What SERVICES are committed to providing you?
  • #33,727
  • May 24, 2012 5:54am May 24, 2012 5:54am
Quoting Gro
Enter the order in the vacuum?
To say "do nothing" .. and minus 40pips ?!?
In the mess at home is responsible landlord.What SERVICES are committed to providing you?
I'm still claryfing the issue with them... checking phone records.

However it's an important warning sign. Something similar anytime soon and I'm flying away.

Some nice movement this days from the EUR/USD lady. hope everyone is catching a few steps with her!
  • #33,728
  • Edited 6:16am May 24, 2012 6:02am | Edited 6:16am
Quoting tricello
Thanks for answering Fti.... I don't really use stops, it was an order to realign my exposure really.

Who put the orders?? well.... they filled an order that was put by me, but based in faulty information (open position on platform). Also, I was advised to not do so. I'm probably naive but willing to think that they are not acting with bad intentions. I've been trading with MB trading for a few months without any real issues besides this one.
please not call me an idiot.
a bull by any other name is still a bull.
no queston.
you was using stops and got screwed in vacuum run.

this methodology screw traders mindset.
is nottrading issue
is compliance and operation.
nothing to do with dealing.
is just ops.
traders just stay trading.
operations , need allow compliance and operations handle.
worst case bring to authorities.
but you have lots stacked against you.

1st is stops have no laws that says must fill at stop price, is on best avalability of liquidity.
2nd there are no regulations on orders.
3rd read your account contract.

In futures trading , there are pricing , orders and performance laws and bylaws.
OTC is wild wild west. depends on your counterparty and his honour .

OTC normally deal with many counterparties, stay with the honourable and dump the bitches.
but you have leveraged, so you stuck to 1 sucker.
  • #33,729
  • May 24, 2012 6:08am May 24, 2012 6:08am
Quoting fti
please not call me an idiot.
Definitely not my intention....

Thanks for your insights. It is true, we are at the mercy of them but there's not much that one can do if size is small. Hope the industry matures to better regulation and client protection.

Regards
  • #33,730
  • May 24, 2012 6:26am May 24, 2012 6:26am
Quoting tricello
Definitely not my intention....

Thanks for your insights. It is true, we are at the mercy of them but there's not much that one can do if size is small. Hope the industry matures to better regulation and client protection.

Regards
yaya, sit and hope bitches will change.
ya fat hopes.


regards
  • #33,731
  • May 24, 2012 6:28am May 24, 2012 6:28am
Quoting tricello
Definitely not my intention....

Thanks for your insights. It is true, we are at the mercy of them but there's not much that one can do if size is small. Hope the industry matures to better regulation and client protection.

Regards
YOU , YOUR ACCOUNT and Your responsibility!

"Good and evil will be eternal".


PS AOW calculated strategy of human strengths and weaknesses.

Rgs
  • #33,732
  • Edited 6:53am May 24, 2012 6:31am | Edited 6:53am
Quoting tricello
I'm still claryfing the issue with them... checking phone records.

However it's an important warning sign. Something similar anytime soon and I'm flying away.

Some nice movement this days from the EUR/USD lady. hope everyone is catching a few steps with her!
I am with Oanda and have not had too much trouble, the one time I did have trouble was when their platform was not working well, what I did was to put everything in writing (email) and a few days later they fixed things and credited my account.

I think it is better to put things in writing rather than talking to a person on the telephone, normally your email goes to the person who can fix things.

Anyway all the best and good luck with your trading. Ray

PS. Yes, also had a good day with the EUR during the late Asian and London session. No positions now just waiting for the red US news to get out of the way and will wait until the ECB president 30 minites later has his say.
  • #33,733
  • May 24, 2012 6:47am May 24, 2012 6:47am
Quoting 1234
I am with Oanda and have not had too much trouble, the one time I did have trouble was when their platform was not working well, what I did was to put everything in writing (email) and a few days later they fix things and credited my account.

I think it is better to put things in writing rather than talking to a person on the telephone, normaly your email goes to the person who can fix things.

Anyway all the best and good luck with your trading. Ray
Thanks. Everything is already written and sent to the appropriate departments. I got an initial response but still clarifying the issue.

Good trading to you as well.

Rgds
  • #33,734
  • May 24, 2012 6:53am May 24, 2012 6:53am
Quoting tricello
Definitely not my intention....

Thanks for your insights. It is true, we are at the mercy of them but there's not much that one can do if size is small. Hope the industry matures to better regulation and client protection.

Regards
It is good that you ask questions.By helping others to learn or repeat.
  • #33,735
  • May 24, 2012 7:36am May 24, 2012 7:36am
ai ya where that cock sure 1 trick pony?

QE3 or no QE3 now?
that is the answer.
  • #33,736
  • May 24, 2012 7:48am May 24, 2012 7:48am
Quoting fti
ai ya where that cock sure 1 trick pony?

QE3 or no QE3 now?
that is the answer.
Firefighters maybe discovered the water?
  • #33,737
  • May 24, 2012 8:42am May 24, 2012 8:42am
Quoting fti
ai ya where that cock sure 1 trick pony?

QE3 or no QE3 now?
that is the answer.
Hi fti. NY Fed's Dudley out this morning saying no easing...for now. I guess they are keeping their powder dry until the Europeans melt down a bit more. The European fin ministers are publicly telling everyone that everything is fine, and pay no attention to all the efforts that are underway to prepare for disaster. We are expected to cover our eyes, close our ears, and hold our noses. Take advantage of their foolishness and trade, trade, trade.
  • #33,738
  • Edited 10:26am May 24, 2012 9:47am | Edited 10:26am
Quoting GEfx
Hi fti. NY Fed's Dudley out this morning saying no easing...for now. I guess they are keeping their powder dry until the Europeans melt down a bit more. The European fin ministers are publicly telling everyone that everything is fine, and pay no attention to all the efforts that are underway to prepare for disaster. We are expected to cover our eyes, close our ears, and hold our noses. Take advantage of their foolishness and trade, trade, trade.
ai ya , they think we are children, and blind and deaf and dumb?.
yield, yield to the masters(gfools) of the universe , or else.....

ai ya just freaking press the button la.

eeer no get wrong button. otherwise early 4th july hor.
your computer on/off switch is in different locations, on different computers.

otherwise can ask benny hill give you blindfolds.
some peeps should be blindfolded... so that others can see more?

http://www.forexfactory.com/showthre...57#post5692757

any one , seen panda?
i am worried what will happen when they begin squaring losses.
if not mistaken, their cost should be round about here, give or take a couple phennings.


regards

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Inserted Video
  • #33,739
  • May 24, 2012 10:25am May 24, 2012 10:25am
Quoting fti
ai ya , they think we are children, and blind and deaf and dumb?.
eld, yield to the masters(gfools) of the universe , or else.....

ai ya just freaking press the button la.

eeer no get wrong button. otherwise early 4th july hor.
your computer on/off switch is in different locations, on different computers.

otherwise can ask benny hill give you blindfolds.
some peeps should be blindfolded... so that others can see more?

http://www.forexfactory.com/showthre...57#post5692757

any...
I can change my nick for Mr.bombactic
  • #33,740
  • May 24, 2012 10:26am May 24, 2012 10:26am
panda= japan?

Quoting fti
ai ya , they think we are children, and blind and deaf and dumb?.
yield, yield to the masters(gfools) of the universe , or else.....

ai ya just freaking press the button la.

eeer no get wrong button. otherwise early 4th july hor.
your computer on/off switch is in different locations, on different computers.

otherwise can ask benny hill give you blindfolds.
some peeps should be blindfolded... so that others can see more?

http://www.forexfactory.com/showthre...57#post5692757

any one , seen panda?
i...
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