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Forex changed forever!

  • #161
  • Jan 18, 2015 8:22am Jan 18, 2015 8:22am
Quoting ForexOracle
On January 15, 2015 due to a unprecedented move by the Swiss National Bank. FOREX the 5.3 trillion per day market will never be the same. USD/CHF moved over 2800 pips in 5 minutes EUR/CHF over 4300 pips in 5 minutes GBP/CHF over 3150 pips in 5 minutes I plan to record in this thread how forex retail trading will emerge out of this catastrophic event.
I would like for you to also record all those companies that went bust over night and their stock went to 0...then talk about guarantied stop losses, leverage etc...

Seriously...with no leverage no one will ever trade anything because there is no money to be made unless you have, a 500 000 $ account...with no leverage you would need volatility that would create a wormhole in the center of the solar system for anyone to profit anything without leverage...

And you talk about daytrading margins..so if someone request a 500$ day trading margin for a contract valued at 100 000$ how is that different from a 1:200 leverage for example??

This is pure nonsense and speculation, really as no one from the officials ever mentioned anything about leverage anywhere...
  • #162
  • Jan 18, 2015 8:39am Jan 18, 2015 8:39am
Get over it and move onto to the next trade just the same as everyone else.
  • #163
  • Jan 18, 2015 9:00am Jan 18, 2015 9:00am
Quoting Spudforex
Get over it and move onto to the next trade just the same as everyone else.
no more trading after this dude...it will take me some 6 to 12 months to return thursday losses from only 1 position that should have protected me against 40% account drawdown...and after those 12 months new Black Swan will happen and erase all my efforts...Forex is Gone if it is not repaired immediately
  • #164
  • Jan 18, 2015 9:15am Jan 18, 2015 9:15am
Nothing special is going to change.

some brokers may change they laverage a bit, but it will still be possible to trade 1:400 - 1:500 with some brokers.

Things like theese are ofcourse not nice, but some strange things will happen, and a crash like this will happen again.

Did something change after the flashcrash? No!

Next month we will be focused on something else, dont be scared by this.

This business is too good for both brokers and traders

Enjoy your sunday folks!
MY SITTING, NEVER MY THINKING!
  • #165
  • Jan 18, 2015 9:17am Jan 18, 2015 9:17am
Quoting Mevo
{quote} Seriously ? YOUR researches ? Just type "Swiss GDP" into google, and you will know that Swiss GDP was 650 billions USD in 2013 Then, about SNB's Fx reserves, it's a published stat, so forget "YOUR researches" http://www.reuters.com/article/2015/...0UM0V320150107
You are talking about nominal GDP I'm talking about PPP GDP.

Swiss PPP GDP is around 371B
So, you think you have rights? LOL
  • #166
  • Jan 18, 2015 9:21am Jan 18, 2015 9:21am
Quoting merrygold
Nothing special is going to change. some brokers may change they laverage a bit, but it will still be possible to trade 1:400 - 1:500 with some brokers. Things like theese are ofcourse not nice, but some strange things will happen, and a crash like this will happen again. Did something change after the flashcrash? No! Next month we will be focused on something else, dont be scared by this. This business is too good for both brokers and traders Enjoy your sunday folks!
what have changed is that SL order does not work anymore since it can rip of all your account in a blink of an eye, at any given time and at any position taken...swallow that while you are enjoying your sunday meal...Cheers and take care
  • #167
  • Jan 18, 2015 9:28am Jan 18, 2015 9:28am
Quoting merquise
{quote} I would like for you to also record all those companies that went bust over night and their stock went to 0...then talk about guarantied stop losses, leverage etc... Seriously...with no leverage no one will ever trade anything because there is no money to be made unless you have, a 500 000 $ account...with no leverage you would need volatility that would create a wormhole in the center of the solar system for anyone to profit anything without leverage... And you talk about daytrading margins..so if someone request a 500$ day trading margin...
Are you sure you are posting on the right thread?

The thread is about Thursdays black swan and future implications (in the form of new regulations and or broker behavior ) which will affect retail traders.

So why should I talk about equities going bust?

But since you raised the subject......

Penny stocks have enough volatility for you to trade without leverage.

You are welcome to try it
So, you think you have rights? LOL
  • #168
  • Edited 10:12am Jan 18, 2015 9:38am | Edited 10:12am
Quoting stoplossmatt
{quote} what have changed is that SL order does not work anymore since it can rip of all your account in a blink of an eye, at any given time and at any position taken...swallow that while you are enjoying your sunday meal...Cheers and take care
I don't think the phrase " does not work anymore" is correct.

Those risk management algorithms failed due to a unthinkable situation.

Risk management algos are designed based on statistics.

So, when something that never happened before, happens, they fail.

Who could predict a 4000 plus pip drop in minutes?

We don't have published intraday data, so we can't go back 100 years and see if it happened in the past.

Now that it is on the record, brokers will take in account the possibility and adjust their risk management.

Remember, it was a black swan stile situation that busted the Black-Scholes " holy grail " model. In this world nothing is perfect.
So, you think you have rights? LOL
  • #169
  • Jan 18, 2015 10:21am Jan 18, 2015 10:21am
Quoting CrucialPoint
People are very gullible and naive Is this the first time such catastrophe occurred? >>>>> NO. It is a publicity stunt that "poor us brokers, we lost $millions".... I wonder how much they paid the representative to deliver such a negative picture? *****People might not know it. When price moves by huge numbers in minutes, their computer halts everything/all trading. (This is a big secret they don't tell you).***** Now this is a big magician trick. You make people look at one hand (Poor us brokers, we lost money)..... and on the other hand...
Quoting ForexOracle
{quote} So you think the 300M infusion into FXCM is all fake?
Quoting CrucialPoint
{quote} NO, its not fake. Oh they will get their 300M. I guess you don't have any real life experience of running a business They will get: 300M all accounts that had buy CHF trades their own trades on short CHF plus all the put options on FXCM 92% decline Can you see the big smile on their faces? @ ForexOracle: You are such an excellent employee, you come work for me. The world need more employees who thinks like you (forgive my sense of humor)
Quoting ForexOracle
{quote} So...you are saying they found a sucker to give them 300M?
Here is the sucker you are looking for.
Attached Image (click to enlarge)
Click to Enlarge Name: 300.png Size: 33 KB


A lot of people think I talk a lot of shit. Often they think I'm out of this world. Often I wonder what world do you guys live in... where its all nice and pretty There is no debate on this thread, apart from the delusions of the real world. It's all good entertainment though
  • #170
  • Jan 18, 2015 10:21am Jan 18, 2015 10:21am
Breaking News!: FXCM Emerges as Potential Buyer for the Business of Alpari UK -

See more at: http://forexmagnates.com/fxcm-emerge...ess-alpari-uk/

The plot thickens...

Regards,

Ty
My job: I speculate and manage risk.
  • #171
  • Jan 18, 2015 10:24am Jan 18, 2015 10:24am
Quoting Profit Daily
I trade with 500:1 leverage broker. People who do not know how to use leverage simply shouldn't trade. For those that do, the leverage restriction impeeds our ability to make money. I have a $10,000 forex account of which $9,000 is kept in my FDIC insured bank account. I open positions with about 7:1 and as trade goes in my favor, I scale in to the point where sometimes I am at 200:1 with stops at break even. This week I risked $20 on a euraud short and my profit on the trade was $844. Explain to me how I could do this with these regulations that...
500:1? FDIC insured? Which broker is this?
Charts are limited in nature. What is the relative location?
  • #172
  • Jan 18, 2015 10:25am Jan 18, 2015 10:25am
Quoting TyLamai
Breaking News!: FXCM Emerges as Potential Buyer for the Business of Alpari UK - See more at: http://forexmagnates.com/fxcm-emerge...ess-alpari-uk/ The plot thickens... Regards, Ty

haaaaaahahahaha !
  • #173
  • Jan 18, 2015 10:30am Jan 18, 2015 10:30am
Quoting ForexOracle
{quote} Are you sure you are posting on the right thread? The thread is about Thursdays black swan and future implications (in the form of new regulations and or broker behavior ) which will affect retail traders. So why should I talk about equities going bust? But since you raised the subject...... Penny stocks have enough volatility for you to trade without leverage. You are welcome to try it
Ok, let me try simple approach...no the leverage will not be changed..it will remain at the levels it is as of now, as no one is gonna trade penny stocks in Europe and Asia as they don't understand them. Cutting the leverage all together would mean losing tens of thousands of clients for brokers, and especially smaller retail brokers..also bringing back the spread to 2-3 pips on majors is absolutely insane and no person with a sane mind would ever allow that to happen..because the competition would eat that broker alive. And yes I'm on the right thread, after all we are discussing here will some of your prophecies ever come true or not. I say not as you don't have any available evidence that backs up your claims other than your bombastic thread title.
  • #174
  • Jan 18, 2015 10:30am Jan 18, 2015 10:30am
Quoting CrucialPoint
{quote} {quote} {quote} {quote} Here is the sucker you are looking for. {image} A lot of people think I talk a lot of shit. Often they think I'm out of this world. Often I wonder what world do you guys live in... where its all nice and pretty There is no debate on this thread, apart from the delusions of the real world. It's all good entertainment though
You are entitle to believe in whatever you want to believe.

I respect that!
So, you think you have rights? LOL
  • #175
  • Jan 18, 2015 10:38am Jan 18, 2015 10:38am
Quoting bmac
{quote} 500:1? FDIC insured? Which broker is this?
Didn't say broker was FDIC insured. My bank account is. Since I only need .2 % margin as instead of 2% (10 times less) I am able to keep most of my forex funds. in my own bank. It makes no sense to trade in the US with all of the useless regulations and account not even protected in the least.
  • #176
  • Jan 18, 2015 10:41am Jan 18, 2015 10:41am
Quoting merquise
{quote} Ok, let me try simple approach...no the leverage will not be changed..it will remain at the levels it is as of now, as no one is gonna trade penny stocks in Europe and Asia as they don't understand them. Cutting the leverage all together would mean losing tens of thousands of clients for brokers, and especially smaller retail brokers..also bringing back the spread to 2-3 pips on majors is absolutely insane and no person with a sane mind would ever allow that to happen..because the competition would eat that broker alive. And yes I'm on the...
Ok and I will try a even more simplistic approach in order to make you understand.

Leverage on forex was already reduced just a few years ago.

Unless you live under a rock, you most know about rumors on the CFTC in talks to reduce leverage again.

So... since the CFTC acted in the near past

Since there are rumors of the CFTC acting again.

Since we just saw an event which brought leverage to the spotlight again.

You think I don't have the right to talk about it?

Just because you " think" it will not happen?

Give me a break pal !!!

And if you dn't like the thread title, subject, and seem to have zero to add.

What are you doing here ?
So, you think you have rights? LOL
  • #177
  • Jan 18, 2015 10:41am Jan 18, 2015 10:41am
Quoting TyLamai
Breaking News!: FXCM Emerges as Potential Buyer for the Business of Alpari UK - See more at: http://forexmagnates.com/fxcm-emerge...ess-alpari-uk/ The plot thickens... Regards, Ty

Genius moves by smart people. Strong move there, if it goes through.
  • #178
  • Jan 18, 2015 10:44am Jan 18, 2015 10:44am
Quoting TyLamai
Breaking News!: FXCM Emerges as Potential Buyer for the Business of Alpari UK - See more at: http://forexmagnates.com/fxcm-emerge...ess-alpari-uk/ The plot thickens... Regards, Ty
Thats probably why they got a loan almost 100 millions bigger than what they actually needed.

Where there is distress there is always opportunities.
So, you think you have rights? LOL
  • #179
  • Jan 18, 2015 10:58am Jan 18, 2015 10:58am
Quoting Profit Daily
{quote} Didn't say broker was FDIC insured. My bank account is. Since I only need .2 % margin as instead of 2% (10 times less) I am able to keep most of my forex funds. in my own bank. It makes no sense to trade in the US with all of the useless regulations and account not even protected in the least.
Ok, understood. I agree. So...which broker/bank allows you to do this??

Thanks
Charts are limited in nature. What is the relative location?
  • #180
  • Jan 18, 2015 11:01am Jan 18, 2015 11:01am
Quoting stoplossmatt
{quote} no more trading after this dude...it will take me some 6 to 12 months to return thursday losses from only 1 position that should have protected me against 40% account drawdown...and after those 12 months new Black Swan will happen and erase all my efforts...Forex is Gone if it is not repaired immediately
wow you got hit bad .. sorry to hear.
I just dont understand the price on the currency pair fell during trading hours.
Are people not using stop losses then ..
Surely a 50 pip stop loss would of saved alot of heartache for lots of people
Or am i missing something here?
Spud
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