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  • #772,781
  • Mar 17, 2013 7:34pm Mar 17, 2013 7:34pm
Quoting AdSCFT
Mohan and Ken:

I didn't have neither TP nor SL on both trades. Also the acount is a fixed-spread type, so they can not change it. Their daily candle opened at 121.74 and the spread should be always 3.
is spread fixed during off peak time aswell ? try to communicate with them in email avoid chat ,phone
Mohan
  • #772,782
  • Mar 17, 2013 7:36pm Mar 17, 2013 7:36pm
Quoting Kanzler
More directly, the consequences of not adequately controlling risk. Leaving weekend positions may be acceptable when you have entries on the daily charts and the large stops associated but intraday it's not something I would recommend.
True. If you are longing the pair, they will close the position when the market open today regardless of what your SL is. I wish I open 2 positions, 1 buy and 1 sell under these condition and screw these brokers over if I could.
  • #772,783
  • Mar 17, 2013 7:38pm Mar 17, 2013 7:38pm
Quoting mohan76
is spread fixed during off peak time aswell ? try to communicate with them in email avoid chat ,phone
yes the spread is/should be always fix. I already emailed them but i don't think there is any hope.
  • #772,784
  • Mar 17, 2013 7:42pm Mar 17, 2013 7:42pm
Quoting AdSCFT
yes the spread is/should be always fix. I already emailed them but i don't think there is any hope.
Build up capital and go with the bank that offers forex leverage instruments. Buckets will always upset and playing with your emotions that you will forget how to trade but settling disputes. Once it's settled the price has move 500 pips away.
  • #772,785
  • Mar 17, 2013 7:44pm Mar 17, 2013 7:44pm
Closed out my short which is a testament to MM and patience +110 pips. On Friday I was -74 pips. Today CHACHINGO! It pays to trade like a bankster.

BTW I have held shorts from 1.21xx when the Euro was 1.37xx -1600 pips and no MC.
Attached Thumbnails http://www.forexfactory.com/attachme...1&d=1363565009
Trade smaller than rational because the market is irrational...
  • #772,786
  • Mar 17, 2013 7:44pm Mar 17, 2013 7:44pm
decision time for eu, 2910 is a Resistance
  • #772,787
  • Mar 17, 2013 7:44pm Mar 17, 2013 7:44pm
Small long @ 13 with an existing short @1.2878. will wake up to green pips regardless. So nice trade like a bankster with pyramid MM
Trade smaller than rational because the market is irrational...
  • #772,788
  • Mar 17, 2013 7:46pm Mar 17, 2013 7:46pm
Quoting Avir
Hi guys, i have some problem with one of my broker i hope you guys can help me on this.?
I had a short position from 1.3060 on Friday SL@ 1.3090 i didn't set a TP but my broker saying that i set a TP at 3058 even if i did set that tp can they close my position at 3058 when the price opened at 2918??
I been on the phone to them they said they are investigating it, This is not a big loos to me but missed profit - any help will be appreciated.
Tnx in advance.
sw told u what to do. check your history,,, send the report to the broker. we had this happen about 6 months ago...

a u.s. broker has some advantages in disputes
those who can, do. those who cant, talk about those who can
  • #772,789
  • Mar 17, 2013 7:46pm Mar 17, 2013 7:46pm
Quoting 2+2=4ex
It may also be less than his normal size. He only said 1.5 months worth of profit got wiped out. My point is that it means nothing without knowing how much profit he had.
Personally I think what he lost or how much dosnt really matter, for me the fact he posted, that he took a hit, hi 5 man, he wont be the only one, but hes been one of the few who have posted

holding over weekend, and getting it right or wrong, is risky trading, cant get out, cant cover, you totally reliant of the mercy of market and bastard brokers, my guess a good chunk of retailers get smashed every weekend, and even more get smashed only harder when there is the imaginary gap shit,

take loss as expensive lesson 24/5 is enough time to trade, dont want to see him post same thing next week / gap
If you are new to Forex? Say Goodbye to your account!!
  • #772,790
  • Mar 17, 2013 7:48pm Mar 17, 2013 7:48pm
Quoting Ken A
Build up capital and go with the bank that offers forex leverage instruments. Buckets will always upset and playing with your emotions that you will forget how to trade but settling disputes. Once it's settled the price has move 500 pips away.
very true. i was in fact in the middle way of reaching that goal
  • #772,791
  • Mar 17, 2013 7:49pm Mar 17, 2013 7:49pm
happy for the massive gap
  • #772,792
  • Mar 17, 2013 7:52pm Mar 17, 2013 7:52pm
Quoting EuroTraderJD
Closed out my short which is a testament to MM and patience +110 pips. On Friday I was -74 pips. Today CHACHINGO! It pays to trade like a bankster.

BTW I have held shorts from 1.21xx when the Euro was 1.37xx -1600 pips and no MC.
Attached Thumbnails http://www.forexfactory.com/attachme...1&d=1363565009
missed opportunity
those who can, do. those who cant, talk about those who can
  • #772,793
  • Mar 17, 2013 7:56pm Mar 17, 2013 7:56pm
Not much GAP closing in the air. But I'm doing great with GJ
New voice message: Why are you calling me? If I need you, I'll call you!
  • #772,794
  • Mar 17, 2013 7:57pm Mar 17, 2013 7:57pm
Quoting KillerWhale
Not much GAP closing in the air. But I'm doing great with GJ
Now the only thing I need is a busty red head with green eyes.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #772,795
  • Mar 17, 2013 7:59pm Mar 17, 2013 7:59pm
Quoting KillerWhale
Not much GAP closing in the air. But I'm doing great with GJ
Most Yen Crosses jumped back up +100 pips.
  • #772,796
  • Mar 17, 2013 8:03pm Mar 17, 2013 8:03pm
Quoting Ken A
Most Yen Crosses jumped back up +100 pips.
The only yen pair I trade is GJ and I'm doing pretty good there
New voice message: Why are you calling me? If I need you, I'll call you!
  • #772,797
  • Mar 17, 2013 8:03pm Mar 17, 2013 8:03pm
Quoting gatorinla
missed opportunity
Not sure what you mean here my friend.

I use a main account for shorts and sub account for longs so I am always in the pips. using pyramid MM from a software program I wrote that manages my pos size I trade like a bankster at all price levels.
Trade smaller than rational because the market is irrational...
  • #772,798
  • Mar 17, 2013 8:05pm Mar 17, 2013 8:05pm
Quoting AdSCFT
very true. i was in fact in the middle way of reaching that goal
Some of the banks that have Forex division also offer fix spread. You are free to chose the package. There's no guarantee they will not trade against you within their risk limit but rarely will experience the same tricks pulled by bucket shops.
  • #772,799
  • Mar 17, 2013 8:09pm Mar 17, 2013 8:09pm
Quoting Ken A
It will be suicide if you are using leverage
yep...never trade last hour on friday again,...gap its so much-scary...kick out my 12% from total equity...one of my 10 account gone now
  • #772,800
  • Mar 17, 2013 8:13pm Mar 17, 2013 8:13pm
Quoting KillerWhale
The only yen pair I trade is GJ and I'm doing pretty good there
I also have done 1 or 2 pips there...
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