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  • #951,121
  • Jan 16, 2015 4:36am Jan 16, 2015 4:36am
Quoting fxtyrant
{quote} idiocy is the only explanation why the pegged it to the Euro, they would've done a better job pegging to the USD.... but they're in the middle of europe so the only thing they could think of pegging to at first is the euro.
CHF wasnt floored to EUR due to idiocity there was reason for it why it wanst floored to USD and why it was floored in first place.
  • #951,122
  • Jan 16, 2015 4:43am Jan 16, 2015 4:43am
Quoting janpec1000
{quote} CHF wasnt floored to EUR due to idiocity there was reason for it why it wanst floored to USD and why it was floored in first place.
OK. Enligthen us to these reasons.
My signature is: "Classified".
  • #951,123
  • Jan 16, 2015 4:44am Jan 16, 2015 4:44am
Quoting deltaone
{quote} moved sl to be. {image}
sl hit. +-0
fortis fortuna adiuvat
  • #951,124
  • Jan 16, 2015 4:46am Jan 16, 2015 4:46am
Quoting PayTheLimit
the effects continue...the whole business is gonna change as a result of this meltdown...
Indeed. I think this is just the tip of the iceberg. Brokers are in panic mode making announcement everywhere. It reminds me weeks before Lehamn collapsed and the plethora of insolvent banks were saying "we are ok" before they went all bust after...

Whatever the case, its going to be massive repercusion in FX exchange markets and I am afraid most of retail clients will pay the price of the regulation. We maybe witnessing the end of Forex trading for retail as we known (and that included forexfactory as a collateral )...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #951,125
  • Jan 16, 2015 4:47am Jan 16, 2015 4:47am
Shit worrying about this crap just cost me a trade. Missed the last EU short. Now waiting for a pullback sell
  • #951,126
  • Jan 16, 2015 4:48am Jan 16, 2015 4:48am
Alpari has closed all my open trades without any warning.

Am I happy that these accounts were only small ones

Do you guys have some serious brokers?
  • #951,127
  • Jan 16, 2015 4:49am Jan 16, 2015 4:49am
Quoting sisse
{quote} Indeed. I think this is just the tip of the iceberg. Brokers are in panic mode making announcement everywhere. It reminds me weeks before Lehamn collapsed and the plethora of insolvent banks were saying "we are ok" before they went all bust after... Whatever the case, its going to be massive repercusion in FX exchange markets and I am afraid most of retail clients will pay the price of the regulation. We maybe witnessing the end of Forex trading for retail as we known (and that included forexfactory as a collateral )... sisse
I doubt that forex retail will end for this... it didn't end back in '08. We shall wait and see.
  • #951,128
  • Jan 16, 2015 4:50am Jan 16, 2015 4:50am
Quoting CandleStar
Alpari has closed all my open trades without any warning. Am I happy that these accounts were only small ones Do you guys have some serious brokers?
Alpari was a serious one!
  • #951,129
  • Jan 16, 2015 4:51am Jan 16, 2015 4:51am
im wondering if most of the money is out of the fx system who is trading now ? why are markets still going....
  • #951,130
  • Jan 16, 2015 4:51am Jan 16, 2015 4:51am
Quoting CandleStar
Alpari has closed all my open trades without any warning. Am I happy that these accounts were only small ones Do you guys have some serious brokers?
Alpari announced their insolvency.
  • #951,131
  • Jan 16, 2015 4:52am Jan 16, 2015 4:52am
Quoting ptcl
im wondering if most of the money is out of the fx system who is trading now ? why are markets still going....
Not everyone went belly up. The ones that make the market move are very well.

Forex is not going broke because of yesterday's drop.
For some it is the end, for others is just a beginning.
  • #951,132
  • Jan 16, 2015 4:52am Jan 16, 2015 4:52am
Quoting sisse
{quote} Indeed. I think this is just the tip of the iceberg. Brokers are in panic mode making announcement everywhere. It reminds me weeks before Lehamn collapsed and the plethora of insolvent banks were saying "we are ok" before they went all bust after... Whatever the case, its going to be massive repercusion in FX exchange markets and I am afraid most of retail clients will pay the price of the regulation. We maybe witnessing the end of Forex trading for retail as we known (and that included forexfactory as a collateral )... sisse
Yes this just dosn't smell good for me either. I can just imagin how people are getting worried now pull their money out of accounts before they get wasted to. If this turnes in to a chain reaction the outcome is not going to be fun for anybody.
  • #951,133
  • Jan 16, 2015 4:53am Jan 16, 2015 4:53am
Quoting sisse
{quote} Indeed. I think this is just the tip of the iceberg. Brokers are in panic mode making announcement everywhere. It reminds me weeks before Lehamn collapsed and the plethora of insolvent banks were saying "we are ok" before they went all bust after... Whatever the case, its going to be massive repercusion in FX exchange markets and I am afraid most of retail clients will pay the price of the regulation. We maybe witnessing the end of Forex trading for retail as we known (and that included forexfactory as a collateral )... sisse
Well i have been staring at eur/usd price on and off for 5 years, so i sort of invested A LOT in learning it. Fortunately, i think i invested so much time that i think what i learned is applicable to most instruments.

I guess in practice we will only know whats going to happen in a few weeks. Out of randomness or some such effect, i was at Lehman brothers office couple of weeks before they went bust. At a place where they where coding EAs or some such. The boss was looking pretty worried, talking fast on the phone. So thing is, they knew pretty well a bit in advance they where in the shitter. People on the outside DID not know that, since most people think it was an "accident" or "crysis" or some such. How can that be if people on the inside knew weeks before hand?

All im saying is, there are people who knows at least a few weeks before. "We are OK" is what Lehman said to their customers and the public, but not among themselves.
My signature is: "Classified".
  • #951,134
  • Jan 16, 2015 4:54am Jan 16, 2015 4:54am
Quoting pipster1
Shit worrying about this crap just cost me a trade. Missed the last EU short. Now waiting for a pullback sell
Same here i am short 605.


Candlestar are you being able to get back money from Alpari since they went under? I mean they are regulated, i am just wondering how process of getting back your acc money now proceeds.
  • #951,135
  • Jan 16, 2015 4:54am Jan 16, 2015 4:54am
Quoting pipster1
{quote} Alpari was a serious one!
I thought so too. There where quite a bit of good will for them out there. Thats why we (now its only me) decided to use them.
Apparently, sort of maybe, that was wrong.
My signature is: "Classified".
  • #951,136
  • Jan 16, 2015 4:55am Jan 16, 2015 4:55am
Quoting sisse
{quote} Indeed. I think this is just the tip of the iceberg. Brokers are in panic mode making announcement everywhere. It reminds me weeks before Lehamn collapsed and the plethora of insolvent banks were saying "we are ok" before they went all bust after... Whatever the case, its going to be massive repercusion in FX exchange markets and I am afraid most of retail clients will pay the price of the regulation. We maybe witnessing the end of Forex trading for retail as we known (and that included forexfactory as a collateral )... sisse
Wise words indeed. This place might become a lot quieter in some weeks time. If FXCM, Alpari and the likes are in trouble (and Oanda might just have done the right thing in telling people not to worry...), a lot of smaller brokers will be as well.
I will take a break from trading for a while, time to read 'Antifragile' again. Leverage is the great leveller. Again.
Fail better.
  • #951,137
  • Jan 16, 2015 4:56am Jan 16, 2015 4:56am
Quoting janpec1000
{quote} Same here i am short 605. Candlestar are you being able to get back money from Alpari since they went under? I mean they are regulated, i am just wondering how process of getting back your acc money now proceeds.
I missed the short at 1.16240
  • #951,138
  • Jan 16, 2015 4:57am Jan 16, 2015 4:57am
..and that is what he said.
  • #951,139
  • Jan 16, 2015 4:57am Jan 16, 2015 4:57am
Quoting ptcl
im wondering if most of the money is out of the fx system who is trading now ? why are markets still going....
whenever there is a loser.. there is a winner..
  • #951,140
  • Jan 16, 2015 4:58am Jan 16, 2015 4:58am
Well said Oz.

I wonder if now they will try to force the low leverage in Europe as they did in US...
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