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  • #954,741
  • Jan 27, 2015 12:05am Jan 27, 2015 12:05am
Quoting TheNoob
{quote} negative balance? it's impossible in trading...if you go to 0 you get margin call...it's already game over...
Read the FX news for the last 1 week.

You will see how many brokers are imposing Traders to pay off negative balance.
Intraday only.
  • #954,742
  • Jan 27, 2015 12:11am Jan 27, 2015 12:11am
Quoting navk
{quote} Ok, the Traders did not place stop loss, so negative balance ? I can not understand why the stopping out security feature due to low margin did not work ? Broker/LP did not fill the price . what is the point in having lower leverage in such case ?
technically you're right. regardless the leverage, you can experience negative balances, depending on how far the gap goes.

lower leveraged accounts just have a higher chance of coming out positive still, since every pip against your trade, affects your account to a lesser extent. And being lower leveraged, your trade size will be smaller as well, which may then be easier to fill up.

on that note, i remember seeing somewhere in FF, there was mention of brokers that guarantee stop loss position. so if your SL is 20 pips, the broker will close u off there and then and absorb the rest, regardless the gap. Someone mentioned that during the a major jpy gap over a weekend, some 300 pips away i think.. ?
  • #954,743
  • Jan 27, 2015 12:14am Jan 27, 2015 12:14am
Support for intraday traders could be found at the $1.11 area which was tested previously on Friday and Monday morning. Resistance is seen at $1.13.
The gap down opening on the currency cross is very likely a so called exhaustion gap which will reverse prices because of the massive oversold conditions.

In these circumstances, it will be just a correction to the persisting downtrend and spikes toward the $1.15-16 area should offer a short selling opportunity.

One trading idea offering a good risk to reward ratio is entry above the break of $1.13 with a tight stop, looking for the level around $1.1500 to be hit this week.
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  • #954,744
  • Jan 27, 2015 12:14am Jan 27, 2015 12:14am
Hmmmm are we going above 1.13? or getting smashed down tonight? Based on H4 momentum we're going lower...
  • #954,745
  • Jan 27, 2015 12:16am Jan 27, 2015 12:16am
Quoting belgeran
{quote} technically you're right. regardless the leverage, you can experience negative balances, depending on how far the gap goes. lower leveraged accounts just have a higher chance of coming out positive still, since every pip against your trade, affects your account to a lesser extent. And being lower leveraged, your trade size will be smaller as well, which may then be easier to fill up. on that note, i remember seeing somewhere in FF, there was mention of brokers that guarantee stop loss position. so if your SL is 20 pips, the broker will close...
Most of the Brokers will say, they filled up at the available price, whether it TP of SL.

I do now who guarantees SL after week end gap.
Intraday only.
  • #954,746
  • Jan 27, 2015 12:17am Jan 27, 2015 12:17am
Quoting Ck87
Hmmmm are we going above 1.13? or getting smashed down tonight?
Anything below 1.1190 is not a good sign for bulls.
Intraday only.
  • #954,747
  • Jan 27, 2015 12:19am Jan 27, 2015 12:19am
Quoting TheNoob
{quote} i hope you all longed it at 1100-1140...the TP at PP1230 seems bad TP; i hope for sellers that im wrong about bad TP, or else they will crash the train upper the 1330+ soon if the 1277 get lost...notice that i closed it too early with 1225 like always... {image}
today as expected the uncertain 1290 train gave us some slow down move during the night...the old 1230 is still blocking the way to PP...notice that the 1277 got stopped yesterday, had to take another entry...
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DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #954,748
  • Jan 27, 2015 12:27am Jan 27, 2015 12:27am
1.120-1.118 and up till 1.13800-?
IMO.
f(z)=z2+c
  • #954,749
  • Jan 27, 2015 12:29am Jan 27, 2015 12:29am
We'll see how 1.121 holds... mod likely heading there.
  • #954,750
  • Jan 27, 2015 12:36am Jan 27, 2015 12:36am
1.11855 should be strong support.
An H4/H1/M30/M15... candle opened at this level and it is the low either.
f(z)=z2+c
  • #954,751
  • Jan 27, 2015 12:43am Jan 27, 2015 12:43am
Quoting hathor
1.11855 should be strong support. An H4/H1/M30/M15... candle opened at this level and it is the low either.
Attached Image
f(z)=z2+c
  • #954,752
  • Jan 27, 2015 12:59am Jan 27, 2015 12:59am
Fack. Most traders fail. Leverage was invented to magnify the loss of most traders and to speed up the process. When the loss is magnified too much and the process is speed up too fast you have negative balance.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #954,753
  • Jan 27, 2015 12:59am Jan 27, 2015 12:59am
Quoting hathor
{quote} {image}
OK you forgot to add this one to the list...
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DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #954,754
  • Jan 27, 2015 1:05am Jan 27, 2015 1:05am
Fack again. Stop loss is market order, not limit order. When you stop is hit, your order will be filled as a market order at any price that is available to you. It can be 5000 pips away from your set stop price.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #954,755
  • Jan 27, 2015 1:10am Jan 27, 2015 1:10am
Quoting ClinicalEx
{quote} Didn't scale any out of that G/J so stopped out for a flat day so far. Let's see if I'll get that AJ entry.
Some momentum now as Nikkei takes a breather with intraday rejection of 1774. Covered some last night at 93.64 so holding all remainders still. There were better Yen longs today- especially G/J to work a buffer before UK GDP print but hey.

EU back into the the 1.128 range. Anemic trading for my taste intraday and nothing really on the radar for a swing yet.
  • #954,756
  • Jan 27, 2015 1:12am Jan 27, 2015 1:12am
Bearish move here from the lows.
  • #954,757
  • Jan 27, 2015 1:15am Jan 27, 2015 1:15am
Quoting ffleo
Fack. Most traders fail. Leverage was invented to magnify the loss of most traders and to speed up the process. When the loss is magnified too much and the process is speed up too fast you have negative balance.
Agree and was also invented to magnify the gains of those in the know. And by those in the know I don't mean your average pro trader.
  • #954,758
  • Edited 1:30am Jan 27, 2015 1:20am | Edited 1:30am
Quoting ffleo
Fack again. Stop loss is market order, not limit order. When you stop is hit, your order will be filled as a market order at any price that is available to you. It can be 5000 pips away from your set stop price.
+1 i thought this sh.t was simply called the slippage. ive already experienced a 30 pips away from my SL in the past...after living an event on the bad side like the last BNS the adventure with my broker would be over, when this sh.t happens i always rage quit and come back with another broker...
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #954,759
  • Jan 27, 2015 1:20am Jan 27, 2015 1:20am
Think we can see 1.1123 over next 12-24h
  • #954,760
  • Jan 27, 2015 1:37am Jan 27, 2015 1:37am
Quoting TheNoob
{quote} OK you forgot to add this one to the list... {image}
Hope it won't hold much, cause would like to get in lower... :/
f(z)=z2+c
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