XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #31,301
- Jan 7, 2014 2:43am Jan 7, 2014 2:43am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
- #31,302
- Jan 7, 2014 2:44am Jan 7, 2014 2:44am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #31,304
- Edited 3:38am Jan 7, 2014 2:45am | Edited 3:38am
- Joined Jul 2011 | Status: good | 4,295 Posts
OK - My last third party feed shows a spike. Stop hunt. But the rejection is pure... Not trying to argue here. This is now a bit weird as many different third party providers are showing different prices. Even futures. Something was up in spot then today.. Going to rest but here is the last chart. m30 and daily from netdania. - it didn't affect me, but this was sure fire stop hunting smash and grab...... {quote} {image} {image}
XTrade,
Thank you for kicking up some dust about this - it's no small matter.
They refer to us retailers as the bottom-feeders and "small fish" and so indeed we are. But some trading glitch or legitimate oversize thud into the market by a JPMorgan and the likes should not manifest on our retail screens. Because there are few retail trading accounts that can weather a spike like that, the majority of us will either be stopped out or perhaps cleaned out whilst holding a decent sized trade near a major level like 1200.
So the villian in this is the broker - because they allow it. They can easily place limiters and absorbers on the feed to smooth out these EMPs that come from upsteam - hell, they have a "Maximize Spread" button - so why not protect us from these leftfield shocks? But no: they clearly choose to pass it on to us so the stop triggers that result can help them fund their own losses incurred as a result of the unforeseen spike!
I'm not saying they must hold my hand and kiss me better, but surely every fat toad can see that it is in his interest to take care of the little fish in his pond lest they migrate to cleaner, clearer waters and he, the unfortunate toad, sits staring hungrily and with hurt feelings at his neighbour's productive bounty.
edit:
Gone are the days when these financial services f*cks do as they wish with impunity. Why? Because we can move on. There are now free charts and feeds available with no c@cksucking broker sitting in the middle - collecting "fees" and holding up a curtain of opacity to their actions that become our misfortunes on occasion. Is it the case that any of us are burning up with desire to place a trade in the EurUsd? Or are we looking for a clear opportunity that will yield profit in excess of our risk? If the chart of some new ass pimple cream shows it does 5000pips on an average day - then that's what I want to trade. Not these old tired, irrational fiat currencies whereby traders fill the forums with "I took 55pips today, suckers!". And then they [the brokers] advise us in their "trading university" (my @ss) pages to place stops yet have the nerve to expose us to price surges in excess of 200 and 300 pips at a time! Should it come to pass that we demand refund in the event of unforeseen spikes they would laugh in our faces. Let one of their senior managers be held accountable by an FSA for passing spikes to retails customers and you will soon see them clean up their act! But not these old stalwarts like FXCM and OANDA and the likes - they're under the impression that the playing field belongs to them and that they make the rules of the game... with cryptocurrency exchanges offering better pip ranges than any of their forex instrument offerings (and no institutional/bank manipulation)... well we'll see what their business plans look like in a few months from now.
ps - at least toadanda know this - they've just made their feed publicly available and free of charge - don't know how the retailers who are still paying $600/mth for their previous feed may be inclined to feel about that!
thank you (and sorry) [please
]
cryptocurrency everytime
- #31,305
- Jan 7, 2014 2:46am Jan 7, 2014 2:46am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #31,308
- Jan 7, 2014 2:51am Jan 7, 2014 2:51am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #31,310
- Jan 7, 2014 3:10am Jan 7, 2014 3:10am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
Face both Win and Lose bravely
Possible Head and Shoulders forming on Daily chart, with target at $1345 - $1360. Just need right shoulder to complete. Warning a reminder that my last prediction that gold would fall to $1160 was a bit premature, so take note at your own peril
Respect the inescapable certainity of Math
