highbury fx
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thanks for the information.
timsk
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Hi u-d,
It's always a good idea to keep an eye on scheduled news releases, if only to ensure you don't open positions right in front of them. Make a point of checking a calendar and noting the releases during the hours you trade. If you're a forex trader - this one is quite good IMO: Forex Economic Calendar
You'll see that the press release that highbury fx provided a link to is highlighted red as having a high impact on the market - and how right they were! Btw, there are lots of other calendars out there - perhaps other members will provide links to the ones they use and say why they like them.
Tim.
highbury fx
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Its an interesting point. A lot of people would be feeling some pain right now.
In your opinion why are they cheats?
They aren't cheats for example because you've had a shocking morning as far as your p+l is concerned. That would make it a bad day for you, it wouldn't necessarily mean they've cheated you.
we deigned a liquidity and trading simulator software to simulating the forex dark pool, and we know the price changing rule is pre determined by very top end Bank ,
supply and demand is cover up, price quoting engine is a very complex system. based on white noise generator plus manual operation
in this case by some one's finger at one of the other end SNB ???
highbury fx
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you just sound bitter to be honest. would you buy USDCHF at 1.1950 when the SNB removed the floor? of course you wouldn't, so why would any one else?
If you were short you'd be patting yourself on the back for what a legend you are in the FX world but you weren't short and you got a pasting. It's nothing personal but that's the game.
It's all very well you designing simulators but until you can design a physical person or bank to sit there with a bid for you then you haven't got much of anything other than a simulator that doesn't work.
Sorry if I sound harsh but I hear it all the time. When people lose money its always because it's someone else's fault.
I hope you get back what you lost and I hope you learned some valuable lessons, but I for one don't think the SNB are cheats, or rapists come to that. You haven't managed to convince me otherwise.
FWIW - we took a pasting as well, but hey ho, we'll try again tomorrow.
highbury fx
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yes they did, and 500 people is no exaggeration. I am sure plenty more got finished off as well but also plenty of people will be dancing for joy at the moment because they've had a day like they've never had before. not because they're good but because this time they were more lucky than unlucky.
FX is risky, you know that. You were on the wrong side and probably got slipped hundreds and hundreds of pips but you also know deep down inside that the market reacted exactly how you would expect, they pulled all their bids and tried to smash any that remained.
take it like a man son and throw the telly at your simulator.
Tough day for some folks but good demonstration why always having stops in place is good plan. You never really know when crazy moves might strike.
Stop-loss prevented my EUR/CHF long from absolutely killing me. Meantime, limit order on USD/CAD long was hit before this collapsed. Both positions from 09/01. Net result a positive day. May get in long on the $ again later when the dust has cleared.
Stop-loss prevented my EUR/CHF long from absolutely killing me. Meantime, limit order on USD/CAD long was hit before this collapsed. Both positions from 09/01. Net result a positive day. May get in long on the $ again later when the dust has cleared.
my friends told me that around 9 clock . only IB allow to trade with 8-40pips spread. CMC stop people to take positions or closed any positions,IG with up to 50 pips, FXCM stop at 9.50.not allow to open or close any positions,LMax 13-30 pips spreads.not allow to take any order,Onada was the last one to stop taking orders.
"plenty of people will be dancing for joy at the moment because they've had a day like they've never had before" what platform they used for that moment.????
Attachments
neil
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Hubble, Bubble; unforeseen trouble !
Unforeseen events - the theory of:
http://en.wikipedia.org/wiki/Black_swan_theory
Guaranteed stops - good insurance ?
Unforeseen events - the theory of:
http://en.wikipedia.org/wiki/Black_swan_theory
Guaranteed stops - good insurance ?
barjon
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All together now...."I'd rather be lucky than good!!!!"
survived on GBP USD where 1GBP=1.3 in 1992-3
survived on Australia CB Intervention
survived on fat finger day 2010.
survived on Japnese CB intervention.
survived on SNB today.
survived on SNB intervention 2011.
survived on 2008. 6000pips one side only market condition
what a game for forex trading. I am off the table now and heading to victory casino where fair games are guaranteed . good luck to all.
survived on Australia CB Intervention
survived on fat finger day 2010.
survived on Japnese CB intervention.
survived on SNB today.
survived on SNB intervention 2011.
survived on 2008. 6000pips one side only market condition
what a game for forex trading. I am off the table now and heading to victory casino where fair games are guaranteed . good luck to all.
itspossible
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Is it worth the stress and hassle
