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Alpari.co.uk Discussion

  • #2,901
  • Jan 23, 2015 4:13pm Jan 23, 2015 4:13pm
Quoting jizzyjay
{quote} That sounds pretty good to me. Im by no means perfect, but as a trader I look at the facts, I never listen and act on what others say. I always had the question in my head, "Eurozone needs bazooka QE so how but more importantly why would SNB keep defending? That kept me away from CHF crosses.

i believe the pricing issue is ONLY for trades related to chf crosses (CHF related pairs) and not the other pairs.

NOTE this is my assumption and i came to this thought based on the date and time of the statement. its something that the administrators have to clear the hell out as they are causing a lot of confusion to all of us.

i just hope a sale of the "positive" clients is finalised....finally in order not to worry for anything else.
  • #2,902
  • Jan 23, 2015 4:36pm Jan 23, 2015 4:36pm
Quoting Aesg
{quote} where is the form that i has to send... do you have the link?
There is no claim form. Step 1 - Email [email protected] to make sure KPMG know you exist:

http://trading-gurus.com/swiss-natio...comment-214015
  • #2,903
  • Jan 23, 2015 4:55pm Jan 23, 2015 4:55pm
Quoting shail31
{quote} You missed my point.They have been giving speculators regular updates as early as end of december that they will defend 1.20 for sure.This is intentionally misleading .Dont forget SNB is a central bank.Hence people trust them .
They are simply making announcements, reporting back to society about their actions.
It is speculators who are listening and trying to speculate on what they heard.

SNB or any other central bank does not report to speculators nor they should.
  • #2,904
  • Jan 23, 2015 5:06pm Jan 23, 2015 5:06pm
Hi Guys,

Do you know if people with negative balance receive the email from alpari? The one where they asking if you want to be remove from the clients database? Or is it just people with positive balance?
  • #2,905
  • Edited 5:42pm Jan 23, 2015 5:28pm | Edited 5:42pm
Quoting shail31
{quote} Dude get the facts right.He lost his money because his trades were closed not because of the chf fiasco. Yes you made your money but plz put yourself in the shoes of those whose have lost a lot if not everything because of the lies of the SNB. You did not make any correct play,you just got lucky or had some other insider info.Please correct me if I am wrong.
Why do you think I was short? You think I shorted for some kind of joke, have you looked at any of my post history here?

I shorted the eurchf precisely because I didn't think the peg would hold given that QE in Europe was inevitable and the euro was going to continue it's downtrend.

It looked likely that the peg could not hold then, and that is now obvious in hindsight.

I knew that 94% of retail were long, and only 6% short, and I knew from when other pegs broke that it would be a long way down to find a buyer. The big money was to be made on the short size, I knew the risk reward would be huge because I did my due diligence.

You can talk crap all you like, I shorted with logic, and whilst I got extremely lucky with timing, I still put myself in the way of that luck. I held my short for 28 days, it wasn't just some fluke like you make it out to be.

MCRotter and Razortrading, and other laid out their logic BEFORE the peg broke. And got ignored, I was listening.

No wonder so many people lose money with forex, hardly any of you use your bloody brain, if you had your facts right, you would known that nearly every free floating peg breaks when put under pressure, and when it does it goes out with a bang.
  • #2,906
  • Jan 23, 2015 5:45pm Jan 23, 2015 5:45pm
Quoting wantsomepips
{quote} From what I gather pro traders with large funds with 100's of millions will very rarely use leverage 10:1, usually it will 3:1 or 4:1. most pro retail traders will use 5-20:1 leverage. Let's say if you, think that currency trading can be done with $100 or $500, I guess 100:1 and 500:1 leverage can be used for such a traders. all you will loose is $100 or $500, no real harm done. I guess you get better odds than roulette. But as I said before we all are different and we have to find with what we are comfortable and trade the way we enjoy...

I don't know too much about this, because I am not a professional traders. But as far as I understand it now, the banks have had their leverage taken away from them, the regulators want them to simply provide the basis for the market through interbank quotes. The hedge funds still have a lot of leverage, but I don't know to what degree. I suspect you are right, the professional guys probably don't go for broke.

Quoting shail31
{quote} Wow amazing bloody brain "you predicted the black swan".Guess you should open your own brokerage. Yes Yes you knew everything which none of the big banks knew lol.
It wasn't just me, like I said others on the forum did the exact same, in fact they trail blazed for me. I looked at their logic and took a position based on that.

You can check their post history... but you probably won't, you don't seem like the kind of guy to do anything that requires much thinking.

But keep thinking that other people didn't predict this, and keep thinking that all shorts were luck.
  • #2,907
  • Jan 23, 2015 6:01pm Jan 23, 2015 6:01pm
Quoting shail31
{quote} Wow amazing bloody brain "you predicted the black swan".Guess you should open your own brokerage. Yes Yes you knew everything which none of the big banks knew lol.

first this is not the CHFx pairs thread...

second i knew it as well and was planning to open positions of the same entry (short)... it just happened on a week where i was building positions for the other major event (ECB)

so dont be harsh to him...


historically pegs cannot be supported when there is enormous opposition to them...check DKK where they dont have anything to worry about...well they didnt have anything to worry about (until SNB) and now they are fighting to my belief with no hope (if the actions against the peg get stronger)
  • #2,908
  • Jan 24, 2015 1:50am Jan 24, 2015 1:50am
Well
Other brokers are only want to buy alpari on the press.
This an old game, Just go way
  • #2,909
  • Jan 24, 2015 2:41am Jan 24, 2015 2:41am
Quoting WayToGo
Well Other brokers are only want to buy alpari on the press. This an old game, Just go way
Well, I am still waiting anyway, until something happens. Either buy or failure of the sales calls. But it is the customer file and is valuable for broker. So someone will buy, I think. The failure of the sale of Alpari, I then open an additional account at Pepperstone. It is one of the interested parties for Alpari. Pepperstone is similar Alpari, but has a lot of capital. Also ECN and leverage 400, regulated with similar standards, but just in Australia.
  • #2,910
  • Jan 24, 2015 4:12am Jan 24, 2015 4:12am
Quoting leokatz
{quote} Well, I am still waiting anyway, until something happens. Either buy or failure of the sales calls. But it is the customer file and is valuable for broker. So someone will buy, I think. The failure of the sale of Alpari, I then open an additional account at Pepperstone. It is one of the interested parties for Alpari. Pepperstone is similar Alpari, but has a lot of capital. Also ECN and leverage 400, regulated with similar standards, but just in Australia.
We have to confess dear, the reason we are here is ECN.lolI am not even believe what I am saying things will be better soon
  • #2,911
  • Jan 24, 2015 4:25am Jan 24, 2015 4:25am
Quoting WayToGo
{quote} We have to confess dear, the reason we are here is ECN.lolI am not even believe what I am saying things will be better soon
We are here because Alpari had far too little capital and had no risk management, worthy of the name. Many brokers have reduced the leverage for CHF in the previous year. It was predictable what will happen if the SNB will change their policy. Market makers are not affected because a market maker against the trader is filled and an opposite position. But who wants a market maker as a broker must be aware that he is not in the foreign exchange market.
  • #2,912
  • Jan 24, 2015 4:35am Jan 24, 2015 4:35am
Quoting JensG
{quote} What should a broker do with open trades if he's forced to close shop? I'd say closing them is the only option. Beside that, I'm pretty sure that it is stated in the clients agreement that the broker is allowed to close trades at any time. Sorry for the loss, buts it was quiet clear that things like these can happen. What an acceptable drawdawn is, is up to him by the way, I'm not going to judge that.
his dd was around 50%, for the broker to close them trades and for him to take a 50k hit is asking a lot especailly when he has the margin..He has been around for a long time and knows the trading game..dont judge based on what u think is right!

just because his dd is 50% and u feel it should not be, does not make this his fault. The circumstances behind alpari closes trades is pretty rare.
Alpari is in the wrong..this is obvious because the company is being liquidised!!!..so i dont see how u can say this is his fault.

Its like a killer coming into yur house and u leaving the gas fire on!! The killer, kills u and people say its your fault yur house is burnt to the ground;- because u left the gas fire on!!
  • #2,913
  • Jan 24, 2015 4:52am Jan 24, 2015 4:52am
Quoting verv
{quote} Why do you think I was short? You think I shorted for some kind of joke, have you looked at any of my post history here? I shorted the eurchf precisely because I didn't think the peg would hold given that QE in Europe was inevitable and the euro was going to continue it's downtrend. It looked likely that the peg could not hold then, and that is now obvious in hindsight. I knew that 94% of retail were long, and only 6% short, and I knew from when other pegs broke that it would be a long way down to find a buyer. The big money was to be made...
Congrats! I guess there are some smart people out there trading forex looking back, it's the only smart trade. Artificial situations never last long. Same is true for most political events. I don't trade forex so I didn't pay attention. For me it was more of a stock trade and I made a bunch on the initial bounce. Anyhow, great job! There are not many opportunities like these and if you are able to look beyond any superficial analysis, you can sometimes spot these things. I would be curious to hear your thoughts on oil. I did a good job predicting that massive fall, the question now is where and when to start nibbling on the long side.
  • #2,914
  • Jan 24, 2015 4:54am Jan 24, 2015 4:54am
Quoting madsuh
{quote} Congrats! I guess there are some smart people out there trading forex looking back, it's the only smart trade. Artificial situations never last long. Same is true for most political events. I don't trade forex so I didn't pay attention. For me it was more of a stock trade and I made a bunch on the initial bounce. Anyhow, great job! There are not many opportunities like these and if you are able to look beyond any superficial analysis, you can sometimes spot these things. I would be curious to hear your thoughts on oil. I did a good job...

Once in a lifetime trade, and I got lucky with timing... thanks though
  • #2,915
  • Jan 24, 2015 5:30am Jan 24, 2015 5:30am
Quoting verv
{quote} Once in a lifetime trade, and I got lucky with timing... thanks though
Yea VERV we played it smart and we got extra lucky.. And they are saying that we wont be able to claim our CHF profits .. How about that if it became true,?? :/
  • #2,916
  • Jan 24, 2015 5:36am Jan 24, 2015 5:36am
Hi all,

I'm a journalist with a national newspaper and am looking to chat to people who know what happened with Alpari. Would anyone like to talk about their experience?
  • #2,917
  • Jan 24, 2015 5:37am Jan 24, 2015 5:37am
Quoting nAVIN2007
{quote} his dd was around 50%, for the broker to close them trades and for him to take a 50k hit is asking a lot especailly when he has the margin..He has been around for a long time and knows the trading game..dont judge based on what u think is right! just because his dd is 50% and u feel it should not be, does not make this his fault. The circumstances behind alpari closes trades is pretty rare. Alpari is in the wrong..this is obvious because the company is being liquidised!!!..so i dont see how u can say this is his fault. Its like a killer...

Lol. Good example.Should I sue the killer or the gas fire?
  • #2,918
  • Jan 24, 2015 5:46am Jan 24, 2015 5:46am
Quoting shail31
{quote} Lol. Good example.Should I sue the killer or the gas fire?
Both of them and make double money
Don't be smart. Be rich.
  • #2,919
  • Jan 24, 2015 6:03am Jan 24, 2015 6:03am
any news guys ??!!
  • #2,920
  • Jan 24, 2015 7:00am Jan 24, 2015 7:00am
Quoting Mroue26
{quote} Yea VERV we played it smart and we got extra lucky.. And they are saying that we wont be able to claim our CHF profits .. How about that if it became true,?? :/
If if nothing else, be reminded that you'll have bragging rights and my respect if our paths ever cross.
BTW I also have some bragging rights I have been investing in an arbitrage all year. Never thought I would find one, but I did. Unfortunately all my profits 100k+ are tied up in this bankruptcy anyhow, the arbitrage still works, so I will make it back eventually, just need more funds and more time.
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