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  • #951,381
  • Jan 16, 2015 11:10am Jan 16, 2015 11:10am
Quoting OnlineAddict
{quote} It can easily keep falling until ECB next week...
I agree, but so no longer holding this pair through multiple sessions short like last week this week. Trading the levels quick TF maybe 1 hr or less hold. Safety!
----- Dragonfly out in the sun you know what I mean, don't you know
  • #951,382
  • Jan 16, 2015 11:15am Jan 16, 2015 11:15am
Quoting Shilva
Trying to get a grasp on this fxcm stuff. Is fxcm saying that after their clients stops were jumped and the accounts wiped out, their clients still owe them money? Seems like it to me. May be off base but wtf. It would be real hard to get me to pony up if my broker says...your account is gone but u still owe us.
Heard of leverage??
Tell me is it common for retail traders likenus to trade with 1:1 leverage or 1:100?
Once you realise that...
Let me tell you a story...
At leverage 1:100
You put 1 usd and someone is lending you 100 with that 1usd you put up, so you actually are borrowing money to trade.
Thats why when account goes bust brokers will have ti pay the owed money for clients
Trchnically speaking that is why if account goes bust brokers usually counter theor clients order and at the size of the leverage ratio
So if you long eurusd at 1 lot 1:100, the broker shorts for 100 lots so if ur ling gets hit, broker can still pay back the lenders woth the 100 lot short at 1:1 leverage.
Thats how brokers prevent themselves from dying... But with eurchf incident, brokers couldnt get their hedge/counter client trades fillednin time so thats why even brokers collapse when something drops 4000 pips in a minute...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #951,383
  • Jan 16, 2015 11:19am Jan 16, 2015 11:19am
Yeah..i understand leverage. What i am asking... is the customer still responsible for the difference.... after their account is gone?
  • #951,384
  • Jan 16, 2015 11:22am Jan 16, 2015 11:22am
Quoting Tom_D_Trader
{quote} Lol again. You r a trader, ofc jokes are trading ones . You guys dont know but you have already prolonged my life several times, because am often laughing so hard while reading what is written here. Actually much better fun than in pub. It is strange, but people in pubs usually dont laugh to my economic jokes. What could it be hmmm. edit: am gonna buy UJ dip on 117,32.
Hmmm. Am tracking a backtest of that 240 m down trendline angling down down from 119.76 with three clean touches from the four hour price swings. Will tell quickly if the party is over at any rate.
  • #951,385
  • Jan 16, 2015 11:22am Jan 16, 2015 11:22am
Waiting for this 15M to set my SL
  • #951,386
  • Jan 16, 2015 11:28am Jan 16, 2015 11:28am
Quoting sisse
{quote} May 2003. Its both a tech support and more importantly I have it mark in my fundamental chart. The FA support is made on interest rates differentials... A quarter after that the rates started to diverge between the ecb and fed. 1.144x / 1.158. Is macro area and is empty (nobody is holding these levels obviously so don't expect h4 or even daily and below to run in one go...Sisse
Maybe I am misinterpreting what you are saying, but you don't think we could go to 1.108-1.105 next week? QE and all. My own technicals show it's highly likely, unless this week somehow closes above 1.1678.

PS: Definitely not going up Fort Mac anymore, first on the chopping block were co-op students, lol.
  • #951,387
  • Jan 16, 2015 11:28am Jan 16, 2015 11:28am
for the road sleep on it eu w
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  • #951,388
  • Jan 16, 2015 11:41am Jan 16, 2015 11:41am
Quoting Shilva
Yeah..i understand leverage. What i am asking... is the customer still responsible for the difference.... after their account is gone?
YES

You signed the agreement stating so.

Now- how many people are going to be able to pay them back? hahahahah Maybe 10%? Meanwhile, those that owe will be hounded by debt collectors and have their credit ruined.

We're talking about some retail that owe hundreds of thousands of dollars. I would imagine typical retail trades less than 15k...and that's being generous. There's no way in hell these brokers are getting their money back.
  • #951,389
  • Jan 16, 2015 11:42am Jan 16, 2015 11:42am
Quoting DasPips
{quote} Maybe I am misinterpreting what you are saying, but you don't think we could go to 1.08-1.05 next week? QE and all. My own technicals show it's highly likely, unless this week somehow closes above 1.1678. PS: Definitely not going up Fort Mac anymore, first on the chopping block were co-op students, lol.
Yes indeed I have those levels for main mid term target ( a bit below x final extension 0.89xx). The question is about speed, flow and position. Experience teach us that knee jerk reactions and panic moves are not healthy x any market except ones every full moon.... Smart money seldom miss a major move.The last 800 ticks has been on air. The question isn't in the fundamental side or in the direction anymore but in how the big money decide to play the move. We are in a major FA and TA support in a overextended move without everybody on board with big new coming... I let you think about the potential outcomes....and let you choose your poison.Sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #951,390
  • Jan 16, 2015 11:43am Jan 16, 2015 11:43am
Quoting ClinicalEx
Hmmm. Am tracking a backtest of that 240 m down trendline angling down down from 119.76 with three clean touches from the four hour price swings. Will tell quickly if the party is over at any rate.
Man if your imaginary trendline holds and my entry wont get hit am gonna curse you . Is this it?
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"I know one thing, that I know nothing." Sokrates
  • #951,391
  • Jan 16, 2015 11:44am Jan 16, 2015 11:44am
after this mess...now which broker is reliable one ? ( for information not promotion one )
  • #951,392
  • Jan 16, 2015 11:47am Jan 16, 2015 11:47am
Quoting sisse
{quote} Jeje well what was implying ia that the way they did it will end up in tears for themselves.SNB has only 2 mandates: Promote Stability & growth and control inflation.Crushing chf 30% in minutes, killing all your exports industries, trashing hedge, banks and brokers across the fx world, cutting rates desproportialy to unsustainable deflation levels, putting a nasty and potentially mortal dagger to your neighbours and biggest trading partner (e.zone) and destroying your credibility in minutes IS NOT REALLY help u with any of your mandates,...
yes. they blinked before ecb did. what would one do in this situation. surely not a free gift lasting 48h. as i look at this, all was decided in december play and market reaction. was just a matter of time..surely not 22th. on 6th all data concerning balance of snb was AGAIN revealed and as said, they blinked first.
what happened aint their fault if you ask me
  • #951,393
  • Jan 16, 2015 11:50am Jan 16, 2015 11:50am
Quoting sisse
SNB has only 2 mandates: Promote Stability & growth and control inflation. Crushing chf 30% in minutes, killing all your exports industries, trashing hedge, banks and brokers across the fx world, cutting rates desproportialy to unsustainable deflation levels, putting a nasty and potentially mortal dagger to your neighbours and biggest trading partner (e.zone) and destroying your credibility in minutes IS NOT REALLY help u with any of your mandates, isnt it?sisse
Loool. Almost skipped this post, so hillarious. Man I am going to live so long.
"I know one thing, that I know nothing." Sokrates
  • #951,394
  • Jan 16, 2015 11:52am Jan 16, 2015 11:52am
good day everyone, hope you been making nice money on shorting our favorite pair.

could someone tell me if this is normal?

entered a eurusd short yesterday at 1.1619 at 1.20 my brokers time which was 2.20 am my time. i put a stop loss of 1.1649 and the brokers own charts show only 1.1647 at the highest point, but they closed it anyway only for it to shoot to the target a few hours later tp was at 1.1585
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did i get ripped off? like it seems to me? funny enough the account manager who normally calls me at the drop of a hat, didnt even answer my email.
  • #951,395
  • Jan 16, 2015 11:52am Jan 16, 2015 11:52am
Quoting sisse
{quote} Yes indeed I have those levels for main mid term target ( a bit below x final extension 0.89xx). The question is about speed, flow and position. Experience teach us that knee jerk reactions and panic moves are not healthy x any market except ones every full moon.... Smart money seldom miss a major move.The last 800 ticks has been on air. The question isn't in the fundamental side or in the direction anymore but in how the big money decide to play the move. We are in a major FA and TA support in a overextended move without everybody on board...
As I've done very well in this new year, my plan is to stay out and see how PA structure develops until Thursday, if I don't have a clear picture I'll stay out longer and trade the aftermath. I'm certainly not married to a single direction at these levels either. Best of luck to you and everyone else next week. I'm signing off.
  • #951,396
  • Jan 16, 2015 11:53am Jan 16, 2015 11:53am
Quoting Tom_D_Trader
{quote} Man if your imaginary trendline holds and my entry wont get hit am gonna curse you . Is this it? {image}
Nah, I wish. I'm probably in denial man, I missed the move and there's nothing more to see. Congrats on your successful week, btw.

I'm out.

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  • #951,397
  • Jan 16, 2015 11:55am Jan 16, 2015 11:55am
Quoting WeeMee
did i get ripped off? like it seems to me? funny enough the account manager who normally calls me at the drop of a hat, didnt even answer my email.
If you got ECN marketplace broker for example, they are pairing you directly with countertrader and price you see on chart is actually not the price you get but average of marketplaces your broker has access to. Could be.

Man, withdraw money out of those 3 pips spread 2 pips slippage thieves. And Cyprus branch!
"I know one thing, that I know nothing." Sokrates
  • #951,398
  • Jan 16, 2015 12:01pm Jan 16, 2015 12:01pm
Quoting DailyChart
after this mess...now which broker is reliable one ? ( for information not promotion one )
I'm in the process of moving my account to citi... dealing with the bank vs. the bucket shops is a no brainer after this crap. The funds you put into the account fall under fdic protection in case of insolvency, so up to 250k. GL
  • #951,399
  • Jan 16, 2015 12:02pm Jan 16, 2015 12:02pm
Who wanna participate in game: Guess size of QE announced on 22nd?

Here is mine-800bil.

Reaction: Nose dive 200.
  • #951,400
  • Jan 16, 2015 12:04pm Jan 16, 2015 12:04pm
I am done for the week. Closed all longs @1545.

Have a great weekend. CYA Monday.
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