EURUSD

Bear forwarding by giving up ~3900 resistance.
If rise again 3900 psycho resistance will be worthless just like 3772

Candle formation looking much like 02-19-2013. Back then it originated a choppy retracement of a meager 106 pips....then up 188. If i had to bet on something I would in the same scenario. Gonna keep an eye on my short all the time. Actually back then it stopped at 38.2 of the push up. Now it may go to 50%

Short from Friday 1.3903, S/L in 1.3917 and double TP in 1.3723 and 1.3585.

FCA best execution review puts 40 firms under spotlight
Author: Robert Mackenzie Smith
Source: FX Week | 06 Mar 2014
Categories: Compliance

The FCA's review into best execution practices is set to reveal further malpractice in the retail FX market, say participants

Up to 40 firms, including some retail foreign exchange brokers, are under investigation in the UK Financial Conduct Authority's (FCA) thematic review into best execution practices across a variety of different markets.
FXCM, which was fined for not passing on price improvements from slippage to clients, is not alone in this camp, according to Lorraine Bay, partner at financial consulting firm Moore Stephens in London.
file:///C:\Users\Astron\AppData\Local\Temp\ msohtmlclip1\01\clip_image001.jpgTh e mere fact the FCA is doing a thematic review means a number of other firms are undertaking exactly the same practice
"The mere fact the FCA is doing a thematic review means a number of other firms are undertaking exactly the same practice. Where they have found this, I expect a number of firms to face a similar punishment that FXCM has," she says, adding that firms whose best execution practices are found to be below par will be expected to review past business practices and carry out redress exercises.
The review, which was announced in the FCA's latest Market Watch and in the press release detailing FXCM UK's fine of £4 million on February 26 for failure to provide best execution to its clients, explores in more detail what is expected of companies under best execution guidelines.
"Brokers in certain markets, including regulated CFD [contracts for difference] and spread-bet firms and those offering rolling spot forex contracts for difference, may be failing to recognise that their activities fall within the scope of the best execution rules," says the FCA's newsletter, released last month.
The guidance, which is not new, includes the condition that "positive price movements between the submission of an order and its execution are passed on to the client, and that firms are not seeking to retain any slippage in the clients' favour".
FX Week contacted a number of firms in the retail FX market to find out whether they adhered to the FCA's guidance on best execution for their clients. Oanda chief executive Ed Eger said he was comfortable with how the company executes trades, while Cypriot broker FxPro said it passed on price improvements to customers.
"Oanda has never been fined in any of the five jurisdictions it operates in around the world, and we believe we adhere to all the guidelines of best execution the FCA put in its Market Watch report. We are also very pleased the FCA is looking at practices in the retail FX market, as we believe there are some brokers who do not operate with the same level of transparency as we do," Eger says.
"FxPro welcomes the FCA's review of best execution and any action that is taken in the best interests of retail clients," says Charalambos Psimolophitis, chief executive at FxPro. "Being an agency model broker means it is in our interests to see our clients profit, and we believe this to be the best method of trade execution as it removes any conflict of interest you might otherwise have with clients if you are a market-maker."
CMC Markets, IG Index and VantageFX were unable to be reached for comment. The FCA's review is expected to be completed by the end of the second quarter.


http://www.fxweek.com/fx-week/news/2...ditors_Updates

LOL ! Thas hilarious......oanda should be fined by their disconnections at " key " points and time of the market

I'm trading with an Oanda MT4 account and it has never disconnected me, closed my trades, or missed my pending orders.

L GBPAUD @8404 #8510 SL under today low.
L AUD @9037 #open SL under today low.

Oanda java client is the one which is usually disconnecting but I guess it is due to bad implementation. I am watching their mt4 feed too and didn't notice any disconnections in the past 6 months or so other than the big one 2-3 weeks ago.

im goin short... who with me.. plz tell me that there r somebody do short.....

agreed! But i remember it stumbled at UJ 's historic 92 to 100 run.

i hav been on short since 1.3855

not sure if it's correct time for short! 1.4 is still possible imo

its goin short now.. god help me plzzzzzzzzzzzzzzzzzz...)

I am Short from last Friday .... with u .... may god bless both of us

Hi guys,

Just to say that my view still intact for 2014 (Euro will go down) but my 400USD investment was gone, High risk trade since December 2013, because my account was set to "explode" at 1.3850 area (Very high risk investment for long term)
I have tried to topped Euro with the last up move in December and I have failed the last up move. Sorry guys for everyone that was with my view.

I just funded again my account this time with 500USD and I will continue to follow my view.

I do not have now a range limit for Euro and I will start short at current levels (MY SL will be well above 1.4133)

My investment will be or not (If Euro may go above 1.43) to see target below 1.2800.

GL everyone

13333 today

where is the 'come to me' guy he could make it slumps to even 1.2xxx

Nope! less than 1.20
Those guys are awesome who always see strong bear everywhere

Let them discuss

Bear refrain from taking wrong decision. Good sign!
Only break 3850 if it can break 3740 as well otherwise don't show any more stupidity.