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  • #951,521
  • Jan 17, 2015 8:44am Jan 17, 2015 8:44am
do we know anything about Oanda? did they credited the losses?
  • #951,522
  • Jan 17, 2015 9:01am Jan 17, 2015 9:01am
Quoting evrynet
do we know anything about Oanda? did they credited the losses?
Hi,

Yes, they seem to have credited the losses, looking at info they send to me, pasted below. However I myself have not occured any losses on Thursday, thus am only putting Oanda's assuring statement for your view. Have not tested it in practice. (I ereased my personal details from the statement below).

Regards
Mike



Dear ...................................................

Early on January 15, 2015, the Swiss National Bank (SNB) sent global financial markets into turmoil with a surprise move to eliminate its three-year-old cap on the franc (CHF).

In the wake of this unprecedented market event, OANDA demonstrated its ongoing commitment to doing right by its clients. Despite suffering losses and vanishing liquidity in the institutional hedging market, OANDA remained true to its 14-year legacy of transparency, integrity and fairness to our clients. OANDA did not re-quote or amend any CHF cross client trades. We even took the further step of forgiving all negative client balances that were caused when clients could not close out their positions fast enough (where permitted by regulations).

As a very well capitalized broker, we are proud to report that it is business as usual at OANDA: client trading, deposits and withdrawals are processing normally.

OANDA is proud of its strong reputation for fairness and integrity. We thank our customers for their continued loyalty and welcome new traders who want to experience outstanding service and execution.

Specific questions about individual fxTrade accounts will be addressed by our Client Experience team via http://www.oanda.com/corp/contact/.

Thank you for trading with OANDA,

https://ci5.googleusercontent.com/pr...-signature.jpg

Ed
President and CEO, OANDA Corporation
  • #951,523
  • Jan 17, 2015 9:07am Jan 17, 2015 9:07am
Quoting Michael O.
{quote} Hi, Yes, they seem to have credited the losses, looking at info they send to me, pasted below. However I myself have not occured any losses on Thursday, thus am only putting Oanda's assuring statement for your view. Have not tested it in practice. (I ereased my personal details from the statement below). Regards Mike Dear ................................................... Early on January 15, 2015, the Swiss National Bank (SNB) sent global financial markets into turmoil with a surprise move to eliminate its three-year-old cap on the franc...
Thank you, thats promising.
  • #951,524
  • Jan 17, 2015 9:20am Jan 17, 2015 9:20am
Quoting Ken A
{quote} Nope, it's for prosperity - I think FF consulted Feng Shui Master ....... Pls don't ask how I know feng shui noun (in Chinese thought) a system of laws considered to govern spatial arrangement and orientation in relation to the flow of energy (qi), and whose favorable or unfavorable effects are taken into account when siting and designing buildings.
LOL, I think they made a little mistake with css style adding this property=> transform: rotate(180deg);
they need to remove so that the logo goes back normal
  • #951,525
  • Jan 17, 2015 9:22am Jan 17, 2015 9:22am
Quoting evrynet
do we know anything about Oanda? did they credited the losses?
Man... You are lucky you with OANDA :-)

(...) “OANDA did not re-quote or amend any CHF cross client trades.
We even took the further step of forgiving all negative client balances that were caused when clients could not close out their positions fast enough”.

more here
http://www.forexcrunch.com/snbomb-re...forex-brokers/
Read Charts - Not Papers
  • #951,526
  • Jan 17, 2015 9:24am Jan 17, 2015 9:24am
Quoting Tom_D_Trader
{quote} Nice sci-fi Yaed. What you say to diversified sources through world? Think all countries have same knowledge, same raw materials, same work efficiency? International trade could and should be helping everyone. It is still not evolved enough, so the dark side of evolution is unfortunately Western corporations abusing their information advantage to rob the rest of the world, so in the end they can as well say FO West, we are gonna be on our own. But thats not gonna shatter world, the´r just gonna trade between themselves. In the very long...
International corporations pretty much didnt exist 80 years ago and you are saying they are going to exist how long?
I think there will probably be trade worldwide, but mostly with information and smaller bits of stuff. Until say 100-200 years or so at which point i think we got enough energy and nice technology to go pretty much where we want without too much hassle. But the international nowadays fascism thing is going to run its course first and there will be a bit of Max Max stuff with leather jackets with one sleeve torn off and stuff like that.

I would at least sort of consider endorsing fascism if it was a stable form of government. Its not and history proves that.
My signature is: "Classified".
  • #951,527
  • Jan 17, 2015 9:25am Jan 17, 2015 9:25am
Quoting halkins
{quote} Man... You are lucky you with OANDA :-) (...) “OANDA did not re-quote or amend any CHF cross client trades. We even took the further step of forgiving all negative client balances that were caused when clients could not close out their positions fast enough”. more here http://www.forexcrunch.com/snbomb-re...forex-brokers/
Well if i understood correctly they covered loses that were caused by SL slippage, which is kinda thing to expect from solid broker.
  • #951,528
  • Jan 17, 2015 9:33am Jan 17, 2015 9:33am
Quoting janpec1000
{quote} Well if i understood correctly they covered loses that were caused by SL slippage, which is kinda thing to expect from solid broker.
I am not with them, but that's what it looks like to me.
Some traders say for instance Saxobank has altered their closed positions 12 hours afterwards.
So some people went out from LONG EURCHF on stop loss @ 1.1950 and then SaxoBank changed their already closed trades to CLOSE @ 0.8900,
wiping their clients accounts in a minute and leaving them in negative equity for thousands of Euro.
I don't know if it's true but this is feking appaling anyway...

-
Read Charts - Not Papers
  • #951,529
  • Edited 10:05am Jan 17, 2015 9:47am | Edited 10:05am
Quoting yaed
International corporations pretty much didnt exist 80 years ago ... .
Lol I like your thinking. So lets progress a bit with theory of evolution of mankind cycles. I am sorry my english is definitely not good enough to explain what am about to try to do, so I reserve right to edit and explain more .

So at start mankind evolves new social enviroment, say now it started as new form of democracy (lets say after WW2) and therefore freedom - enhancing trade economy. But when social enviroment wants to adress more followers - read - to get more people into the system, it has to be simplified. The reason is information spreading in the system and the noise it creates. When information is released into the system, each unit accepting it changes it a bit before sending it further. There come rating agencies and such stuff. It has to be simplified in order to work for so many people (anyone can trade market he´s never heard of leveraged 1:100). Once it is simplified, it is much more easy to abuse the system. The more people in, the more simplified system and the result - The more pressure on units in the system - all of us, because we get simplified twisted informations and not following the right trajectory. Result is it started as a democracy but ended up, as you said, as some form of capitalistic fascism. So now units in system are under heavy pressure and either will revolt - your case - screw this lets do it totally different, but more possibly evolve - this is good, but not in current form, lets do it better. Mankind haven´t found better system than democracy, so I think coming back to isolated states not possible until some super future when we all have what we want.

I did my best to describe it, hope it makes sence .

Sweden has pretty good education system and you seem to speak almost fluently so think you may like book Generations - from Strauss and Howe. I ve bought it, but unfortunately my english is not good enough, so it is just stuck in my shelf. Also Tony Plummer wrote Forecasting financial markets and there is quite nice simplified view on these cycles.

T
"I know one thing, that I know nothing." Sokrates
  • #951,530
  • Jan 17, 2015 10:05am Jan 17, 2015 10:05am
Quoting yaed
{quote} International corporations pretty much didnt exist 80 years ago and you are saying they are going to exist how long? I think there will probably be trade worldwide, but mostly with information and smaller bits of stuff. Until say 100-200 years or so at which point i think we got enough energy and nice technology to go pretty much where we want without too much hassle. But the international nowadays fascism thing is going to run its course first and there will be a bit of Max Max stuff with leather jackets with one sleeve torn off and stuff...
We're living a script. The royalty/elites have everything planned in advance and it's been like that for a while. We're moving toward One everything. Eventually one currency, one government (already the case imo), etc etc
Fascism, Socialism, Capitalism - all created by the same folks. We're dealing with people that want to biologically reengineer the species and recreate humanity as we know it. Anyways.... euro looking good Wonder if we get a bounce any time soon. We just had a major bank pretty much abandon the euro and we have European bank announcing more QE to come. Strongest trend there is right now. Good luck folks.
  • #951,531
  • Jan 17, 2015 10:10am Jan 17, 2015 10:10am
Quoting yaed
{quote} Think its that serious? Really?

Shhhhh... this line is tapped. They're already on to us dude...


http://www.wsj.com/articles/swiss-fr...ightTopStories


I’m trying to understand why all of a sudden it was down $2,500. When I looked away and looked back again it was five or six times that.”

Retail traders span the globe, from New York to Tuscaloosa, Ala., to Kuala Lumpur. Lively communities fill online message boards devoted to currency trading; one thread about the euro-dollar trade contains over 950,000 posts dating back 11 years.

“This is certainly going to spark regulator review, specifically regarding leverage,” said Richard Repetto, an analyst at Sandler O’Neill + Partners.
Attached Image
Twitter: @TrendersGame
  • #951,532
  • Jan 17, 2015 10:11am Jan 17, 2015 10:11am
Quoting FxMegaCB
{quote} LOL, I think they made a little mistake with css style adding this property=> transform: rotate(180deg); they need to remove so that the logo goes back normal
lol if it's not corrected within next 48 hrs will confirm it

Or probably a hidden message to all readers who long XXXCHF to flip the screen, for example:

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 45 KB
  • #951,533
  • Edited 11:02am Jan 17, 2015 10:38am | Edited 11:02am
Quoting Ken A
Does this look like bullish or bearish formation or indecision? USDCHF H1 {image}
Bearish to me. I'm catching up on posts- so I havent seen what happened after (9 hours ago).....lets see if I'm right. I seem to notice that although the normal school of thought places little to no significance on hammers in the middle of a trend (instead of the top bottom for reversal), they always seem to suggest trend continuation...Id try to get a short in as close to the top of the longer wic as possible...

I'll wait for you to post chart confirming or negating

FULL LEVERAGE, Short, within 10 pips of the top of that long wic. That's my position. Common Ken, lets be rich.

edit: got bored and drew a pretty picture
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 98 KB
  • #951,534
  • Jan 17, 2015 10:49am Jan 17, 2015 10:49am
Quoting Pharm0r
{quote} Bearish to me. I'm catching up on posts- so I havent seen what happened after (9 hours ago).....lets see if I'm right. I seem to notice that although the normal school of thought places little to no significance on hammers in the middle of a trend (instead of the top bottom for reversal), they always seem to suggest trend continuation...Id try to get a short in as close to the top of the longer wic as possible... I'll wait for you to post chart confirming or negating FULL LEVERAGE, Short, within 10 pips of the top of that long wic. That's...
I tend to agree of bearish continuation because of the movement of EURUSD, EURCHF and USDCHF in the last 48 hrs. Don't rely much on candle formation but reason of price movement and location is important.

Note: just my personal opinion don't trade on it.

You can't short with 10 pips stop - the spread will kill you before anything else

http://www.forexfactory.com/attachme...2&d=1421514110

Notice the red line is ask price - the spread at closing was around 35 pips

http://www.forexfactory.com/attachme...8&d=1421477022
  • #951,535
  • Jan 17, 2015 11:26am Jan 17, 2015 11:26am
Quoting Pharm0r
{quote} Bearish to me. I'm catching up on posts- so I havent seen what happened after (9 hours ago).....lets see if I'm right. I seem to notice that although the normal school of thought places little to no significance on hammers in the middle of a trend (instead of the top bottom for reversal), they always seem to suggest trend continuation...Id try to get a short in as close to the top of the longer wic as possible... I'll wait for you to post chart confirming or negating FULL LEVERAGE, Short, within 10 pips of the top of that long wic....
Do you have a trick for how you digest all the infomation you currently swallow?
  • #951,536
  • Jan 17, 2015 11:31am Jan 17, 2015 11:31am
Quoting Ken A
{quote} lol if it's not corrected within next 48 hrs will confirm it Or probably a hidden message to all readers who long XXXCHF to flip the screen, for example: {image}
Oh, that sucks. For me, just the FF-logo is upside down. I can't see myself doing a handstand to read and post. Doing so might provide some office-workout, though.
  • #951,537
  • Jan 17, 2015 11:33am Jan 17, 2015 11:33am
Quoting Mr Hatch
{quote} Oh, that sucks. For me, just the FF-logo is upside down. I can't see myself doing a handstand to read and post. Doing so might provide some office-workout, though.
For quite a few, if they traded upside down they'd make a lot more money...
  • #951,538
  • Edited 11:51am Jan 17, 2015 11:41am | Edited 11:51am
Quoting Mr Hatch
{quote} Do you have a trick for how you digest all the infomation you currently swallow?
Haha, I cant tell if there is a sexual innuendo in there or not.

paint, excel, and notes.

I read- a lot. Some people are gifted in mathematics, I'm gifted in reading (if you can call it that). This is why I said I enjoy going back and reading yours/gators posts...it's like a book.

I try to read 100 pages a day in whatever book (kindle) I'm on, usually before bed. Many I reread. Ayn Rand comes to mind. As far as this thread, most is done on the weekend because I don't have to watch a moving chart. Currently hitting about 100+ pages a day, I've narrowed the needed information I want to about 4000 pages.

I take relevant posts, cut/paste them into a collage...it's like a .jpg hair doll....kinda creepy I guess. Should be able to put the whole system into one .jpg of relevant posts between the 4000 pages. Although it's for me only....one doesnt give his hair doll away.

I should mention that I think reading can make one rich (in more ways than just money). It also effects one's sex life. My girlfriend isn't too happy with me right now....but then again that's solved most times with sex or shiny things. Mon-Fri I get avg 5 hours sleep. Saturday/Sun 8.
  • #951,539
  • Jan 17, 2015 11:47am Jan 17, 2015 11:47am
Quoting Ken A
{quote} I tend to agree of bearish continuation because of the movement of EURUSD, EURCHF and USDCHF in the last 48 hrs. Don't rely much on candle formation but reason of price movement and location is important. Note: just my personal opinion don't trade on it. You can't short with 10 pips stop - the spread will kill you before anything else {image} Notice the red line is ask price - the spread at closing was around 35 pips {image}
Didn't realize what pair this was, or TF. Assumed 1pip spread- I personally wouldnt trade something over 4 pips spread.

Thus why I didn't get burned on CHF....also why I didnt get rich on CHF.
  • #951,540
  • Jan 17, 2015 11:50am Jan 17, 2015 11:50am
Am I reading this correct that RBA Glenn Stevens is GAIN Capital CEO?


“We have positioned ourselves to effectively manage risk during both calm and tumultuous markets and our performance during this recent event shows that,” Glenn Stevens, GAIN’s chief executive officer, said in a statement.

http://www.bloomberg.com/news/2015-0...-went-bad.html

Oh damn
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