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majkara replied Jan 16, 2015YES pretty much. You most likely got stopped out way past your SL point.
FXCM Discussion
- majkara replied Jan 16, 2015
That sir is what regulated futures exchanges offer...CME halted trading in USDCHF 10 times for a period of 10 seconds over a 10 minute period. This is called Velocity Logic on CME.
FXCM Discussion
- majkara replied Jan 16, 2015
Or go down to their offices and give them a piece of mind and a good kicking.
Alpari.co.uk Discussion
- majkara replied Jan 16, 2015
I hope you are joking. They are the next to go down. Their stock took a 90% hit over the last 24 hours.
Alpari.co.uk Discussion
- majkara commented Jan 16, 2015
Things like this don't happen often. They are 1 in 10-20 years. Usually when there is normal liquidity, you will get a margin call at an appropriate level and as a last resort will have your trades cut by your broker, and still maintain a positive ...
IG Group looking to buy forex brokers
- majkara commented Jan 16, 2015
There is no such thing as a guaranteed SL unless the provider that offers it takes all the down risk by providing such functionality. The only true guaranteed SL in this scenario is a hedge on the options market, in this case buying put options at ...
Alpari (UK) Important announcement - entered into insolvency
- majkara commented Jan 16, 2015
The LPs that were quoting 1000 pip wide markets. All the LPs that had buy orders for EURCHF at around 0.75-0.80 level made a killing.
Alpari (UK) Important announcement - entered into insolvency
- majkara commented Jan 16, 2015
The clients lost a lot of money as many were long EURCHF, following the path of the SNB peg. Once the peg was removed, it pretty much turned all those positions into instant losers. There were a lot more people that were long EURCHF than those who ...
Alpari (UK) Important announcement - entered into insolvency
- majkara replied Jan 16, 2015
What the statement means is that any client who had a negative balance after all the trading, all the losses will be passed on to Alpari. When trading with 'leverage' under extreme circumstances (such as yesterday), you can end up with a negative ...
Alpari.co.uk Discussion
- majkara commented Jan 16, 2015
FXCM me thinks...and many other smaller guys that we wont get to hear about.
Alpari (UK) Important announcement - entered into insolvency
- majkara replied Jan 16, 2015
Ermmm, pretty much like every politician in the world and we will NEVER ever be able to do anything about it.
The CHF tsunami - 15 January 2015
- majkara commented Jan 16, 2015
Be prepared for many more 'insolvency' announcements from brokers today as shit really just starts filtering.
Swiss National Bank discontinues minimum exchange rate, lowers interest rate to –0.75%
- majkara commented Jan 15, 2015
Actually no. SNB lost something to the tune of 60bn CHF. Have a read: url
Swiss National Bank discontinues minimum exchange rate, lowers interest rate to –0.75%
- majkara commented Jan 15, 2015
Also, on most platforms a SL is just a market order, which means no bottom or price protection. How many retail guys knew this? Most likely not many due to the fact that in the past they had their SLs executed and filled at their SL price, but this ...
Swiss National Bank discontinues minimum exchange rate, lowers interest rate to –0.75%
- majkara commented Jan 15, 2015
Because fx cash is an unregulated market and they can do whatever the hell they want to. Some trades today were being cancelled/re=priced many hours after the news (some cases 5-6 hours). You may ask why and how can this happen. It can because there ...
Swiss National Bank discontinues minimum exchange rate, lowers interest rate to –0.75%
- majkara commented Jan 15, 2015
I do not have the volume but I do know that 6S was halted 10 times (velocity logic) in the space of about 5-10 minutes or so. You will be able to get the time/sales from CME's website the next business day which should be a nice read. What I was ...
Swiss National Bank discontinues minimum exchange rate, lowers interest rate to –0.75%
- majkara commented Jan 15, 2015
Well put. Options are a great hedge but then most will be put off by the fact that you have to pay a premium. FX Futures is the way forward as it is a regulated market unlike the cash side where pretty much anything goes.
Swiss National Bank discontinues minimum exchange rate, lowers interest rate to –0.75%
- majkara commented Jan 15, 2015
I really feel sorry for a lot of you small retail guys who got wiped out today, and mostly for those who don't'/didn't understand how SL works on their trading platform. I hope you all keep your head up and plough onwards.
Swiss National Bank discontinues minimum exchange rate, lowers interest rate to –0.75%
- majkara commented Dec 3, 2014
I would agree with the above...Gold and Silver may/will become the only viable currency if this mess is not sorted out, CORRECTLY.
Fed’s Fischer, Dudley Have Their Eyes on Return to Normal