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  • #772,881
  • Mar 17, 2013 11:07pm Mar 17, 2013 11:07pm
Quoting gatorinla
s across these with small positions. will add depending on pa signals either way. red or green results will be posted. results will include 8 green trades already closed + some still not opened.
Long or short on EJ?
RM
  • #772,882
  • Mar 17, 2013 11:14pm Mar 17, 2013 11:14pm
Quoting muhdhafiz
Long or short on EJ?
s=short
those who can, do. those who cant, talk about those who can
  • #772,883
  • Mar 17, 2013 11:15pm Mar 17, 2013 11:15pm
Quoting COopa
to be exact, my SL executed at 1.2908 this morning. I put SL @1.3045 and i long since 1.3075. Since i believed that Euro could climb to 1.3120 by today. altogether bring me -167 pips . And i still get another lost @ another pair. same story.



Yupe, it is a very rare condition i think. last time weekend gap that i know is during Greece bailout scheme at 11 April 2010 which EU spiked up around 150 pips. Anyway i never have interest to trade based on weekend gap, never expect to gain profit or lose during the weekend. However, even...
i think this would gain you some experience about holding positions over a weekend. That's the bad thing about carrying trades over the weekend, a winner can hurt more than an expected loser, and even BE + pips, there's no guarantee, the broker will close with whatever price available on the opening ticks, and that hurts if you are caught in this kind of situation. Some brokers opened earlier, there are pros for that.

i wonder what's going to be the final outcome of cyprus, the worst would be they quit euro to create more panic.
  • #772,884
  • Mar 17, 2013 11:16pm Mar 17, 2013 11:16pm
i want to ask something.

if i do overleverage my account, and there is a price gap opposite my position direction. what will happen?

for example, let say my account 1000, and i entered long 2 standard lot last friday @1.3075. what would happen to my account at the moment? negative balance? do i have to pay for it? if not who will suffer the lost that i make? the broker?
Everything in the world has its own rhytms
  • #772,885
  • Mar 17, 2013 11:17pm Mar 17, 2013 11:17pm
me think below 121.45 look for long.
looking for investors . pm me
  • #772,886
  • Mar 17, 2013 11:17pm Mar 17, 2013 11:17pm
Quoting gatorinla
s=short
Sorry. Didn't notice the little s

Thanks
RM
  • #772,887
  • Mar 17, 2013 11:18pm Mar 17, 2013 11:18pm
Quoting COopa
i want to ask something.

if i do overleverage my account, and there is a price gap opposite my position direction. what will happen?

for example, let say my account 1000, and i entered long 2 standard lot last friday @1.3075. what would happen to my account at the moment? negative balance? do i have to pay for it? if not who will suffer the lost that i make? the broker?
if you have negative balance and its possible because broker may not be able to close at the price of your stop loss most of the times! because of volatility or news
unless they are dealing directly against you, then they won't get hurt.


, jump ship, go find other broker!
  • #772,888
  • Mar 17, 2013 11:22pm Mar 17, 2013 11:22pm
122.24 long
looking for investors . pm me
  • #772,889
  • Mar 17, 2013 11:26pm Mar 17, 2013 11:26pm
Quoting attila
nope. I'm with citi. it's a bank and so no fifo or no hedging crap.. I can trade anyway I want.
and i thought all us based fx brokers are bound to the fifo rule...
  • #772,890
  • Mar 17, 2013 11:26pm Mar 17, 2013 11:26pm
Quoting COopa
i want to ask something.

if i do overleverage my account, and there is a price gap opposite my position direction. what will happen?

for example, let say my account 1000, and i entered long 2 standard lot last friday @1.3075. what would happen to my account at the moment? negative balance? do i have to pay for it? if not who will suffer the lost that i make? the broker?
defence on broker , some broker try to recover from you some broker have policy of offset negative balance (those brokers do force close @ 100% margin )
Mohan
  • #772,891
  • Mar 17, 2013 11:26pm Mar 17, 2013 11:26pm
every broker has a Margin Stop Out Level.
its their duty to close trades @ that level

if account falls in negative its their problem not yours.
but there may be some additional rules @ the broker contract
you should read it befor sign it.


Quoting COopa
i want to ask something.

if i do overleverage my account, and there is a price gap opposite my position direction. what will happen?

for example, let say my account 1000, and i entered long 2 standard lot last friday @1.3075. what would happen to my account at the moment? negative balance? do i have to pay for it? if not who will suffer the lost that i make? the broker?
  • #772,892
  • Mar 17, 2013 11:27pm Mar 17, 2013 11:27pm
Quoting 5percent
if you have negative balance and its possible because broker may not be able to close at the price of your stop loss most of the times! because of volatility or news
unless they are dealing directly against you, then they won't get hurt.


, jump ship, go find other broker!
so the broker will suffer a big loss then. is that true?
back to my example above, the account will be wiped out if the price against me by 50 pips. if we calculate the price gap is around 137 pips, so the broker will lost about 85pips? or the clearing bank would suffer the lost?
Everything in the world has its own rhytms
  • #772,893
  • Mar 17, 2013 11:30pm Mar 17, 2013 11:30pm
Short EJ@122.28 SL@122.48
RM
  • #772,894
  • Mar 17, 2013 11:31pm Mar 17, 2013 11:31pm
Quoting COopa
i want to ask something.

if i do overleverage my account, and there is a price gap opposite my position direction. what will happen?

for example, let say my account 1000, and i entered long 2 standard lot last friday @1.3075. what would happen to my account at the moment? negative balance? do i have to pay for it? if not who will suffer the lost that i make? the broker?
$1,000 account size

2 standard lots of E/U = 200,000 units = $20/pip.

Depends on your account leverage to calculate available free margin.

So basically -70 or -80 pips, you can say goodbye to your account. You pay with whatever you have in the account.
  • #772,895
  • Mar 17, 2013 11:31pm Mar 17, 2013 11:31pm
Quoting TraderPablo
and i thought all us based fx brokers are bound to the fifo rule...
nope. some institutional ones follow the older rules, but are not in the normal retail traders grasp.
those who can, do. those who cant, talk about those who can
  • #772,896
  • Mar 17, 2013 11:32pm Mar 17, 2013 11:32pm
Quoting KillerWhale
Shit, a guy just drove into my car a few hours ago.
I was turning right on a green light and this stupid dude was turning left from the opposite direction through a red light..
you should be thankful you can write it here, could be worse.
No pain no gain
  • #772,897
  • Mar 17, 2013 11:35pm Mar 17, 2013 11:35pm
Quoting COopa
i want to ask something.

if i do overleverage my account, and there is a price gap opposite my position direction. what will happen?

for example, let say my account 1000, and i entered long 2 standard lot last friday @1.3075. what would happen to my account at the moment? negative balance? do i have to pay for it? if not who will suffer the lost that i make? the broker?
hello coopa...
done my breakfast now...
negative balance?? open new account, its the answer ... im already withdrawal all my money.. im starting 10 new real accounts=10$ of each account again now....
open my saving profit over 2 months...
im lost 24$=12%(1 account blow) , but ive still got nice profit here.
  • #772,898
  • Mar 17, 2013 11:36pm Mar 17, 2013 11:36pm
Quoting COopa
so the broker will suffer a big loss then. is that true?
back to my example above, the account will be wiped out if the price against me by 50 pips. if we calculate the price gap is around 137 pips, so the broker will lost about 85pips? or the clearing bank would suffer the lost?
Subject to the agreement with your broker as per contract.
  • #772,899
  • Mar 17, 2013 11:40pm Mar 17, 2013 11:40pm
Quoting Ken A
$1,000 account size

2 standard lots of E/U = 200,000 units = $20/pip.

Depends on your account leverage to calculate available free margin.

So basically -70 or -80 pips, you can say goodbye to your account.
2 standard lot @ $1,000.00 account, i say good bye when it move 50 pips against my position . back to above example, If i entered -- EU Long 2 standard lots @1.3075 on friday while my account only had $1,000.00 equity. Today the opening price is 1.2906, so my balance would be around minus $2,380.00. Who will suffer this (-$2,380) lost? The clearing bank? or the broker? coz nobody want to pay for a negative balance.
Everything in the world has its own rhytms
  • #772,900
  • Mar 17, 2013 11:45pm Mar 17, 2013 11:45pm
Quoting aweer
you should be thankful you can write it here, could be worse.
Absolutely. Glad to hear you're alright KillerWhale, some people just can't drive.

Quoting COopa
so the broker will suffer a big loss then. is that true?
back to my example above, the account will be wiped out if the price against me by 50 pips. if we calculate the price gap is around 137 pips, so the broker will lost about 85pips? or the clearing bank would suffer the lost?
The situations in which the broker will suffer any type of loss due to a gap/news release is very rare as it would have to be one hell of a move. The margin in your account is the "good faith" deposit that will cover those types of losses. If it goes beyond that the broker will probably cover it but I doubt it would be a drop in the bucket in terms of revenue.
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