₦airaland Forum

ykpuffy:
i bought again @ 17185 sl@17130 tp@open for now, i might consider 17440 though as my first target but if i see any form of reversal i go run comot

Just closed my sell @ -25 pips, bullish pattern closing support on the 4h. I think 17380 is more likely, if 17410 is taken out then we might see 17550. Looking for a buy opp. now

naijababe:
Just closed my sell @ -25 pips, bullish pattern closing support on the 4h. I think 17380 is more likely, if 17410 is taken out then we might see 17550. Looking for a buy opp. now

will buy Oil if @47.25 sl@46.85 or sell @46.85 sl@47.25

ykpuffy:
will buy Oil if @47.25 sl@46.85 or sell @46.85 sl@47.25

I have not traded oil this year and don't plan to any time soon . I suffer from insider bias when I trade it. Right now, DJIA is printing me some dollars and I don't want oil taking 'em back

By the way, that move up on the dow appears to be some correction that is probably done with. Those black lines are daily support and resistance and the blue line is 4h support and resistances. If the next hour closes below the blue line with a good pattern I am selling it again.

Tha Behemoth.....Even brokers cried. Close to 3000 pips

drpips1:
SNBomb – Reactions from 12 forex brokers

The shock move from the Swiss National Bank has significantly impacted foreign exchange and also foreign exchange brokers. We already noted how such events are tests for brokers. And now, here is a round up of 12 reactions (updated)

This is only a partial list giving you an idea of the range of responses: from making profits / business as usual, through taking losses, revisiting positions, suffering capital shortfalls and up to outright insolvencies. Here goes:

Here is the updated list, now in alphabetical order for your convenience:

Alpari UK: The firm has entered insolvency. Here is the statement:The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules.- See more at: Important announcement
Excel Markets: This not really globaly known New Zealand based broker had to shut down. It was unable to meet client losses held at its liquidity providers.
FXCM: “the company may be in breach of some regulatory capital requirements” as they were hit by a massive $225 million client negative balance. The publicly listed broker said that is “actively discussing alternatives to return our capital to levels prior to the events”.

was XE Markets hit by this Swiss tsunami cc. rozayx5

dathorobread:
Xm is not among the list, about 13 brokers or so

check it out here ,dr-pips has been banned

thanks, seun needs to fire this antispambot

wierdpsycho:
thanks, seun needs to fire this antispambot

Xm are not kids. I don't think they will shake. The only broker to pay a trader's 1 million dollar withdrawal request in 2011 abi 2012. I trusted em fully when they did that. But that doesn't mean u should loose ur guard.

Good thing is that they are fsa(uk), Baffin(Eurozone) and cycec(cyprus) regulated and operate segregated accounts with at least 3 banks.

I think they are safe enough.

FOREXMARTS:
Xm are not kids. I don't think they will shake. The only broker to pay a trader's 1 million dollar withdrawal request in 2011 abi 2012. I trusted em fully when they did that. But that doesn't mean u should loose ur guard.

Good thing is that they are fsa(uk), Baffin(Eurozone) and cycec(cyprus) regulated and operate segregated accounts with at least 3 banks.

I think they are safe enough.

Great Broker, I can see you are a master trader, don't forget to share your dollars with us.

wierdpsycho:
Great Broker, I can see you are a master trader, don't forget to share your dollars with us.

Lol no be me dem pay oh. It was on the news on most sites. But i thank God for good pips this week.

BREAKING NEWS !.. Alpari UK go into administration !!!


Today, Alpari UK have officially applied to the UK courts for administration procedures to be implemented.

Administration is a very powerful process for gaining control, when a company is insolvent and facing serious threats from creditors. The Court may appoint a licensed insolvency practitioner as administrator. This places a moratorium around the company and suspends all legal actions.

honeric01:
BREAKING NEWS !.. Alpari UK go into administration !!!


Today, Alpari UK have officially applied to the UK courts for administration procedures to be implemented.

Administration is a very powerful process for gaining control, when a company is insolvent and facing serious threats from creditors. The Court may appoint a licensed insolvency practitioner as administrator. This places a moratorium around the company and suspends all legal actions.

Shege Alpari. With all their strict, rigid and bureaucratic policies they still couldn't stand. Good riddance to bad rubbish, wereydiots ati gbagaundiots.

^^^

Just imagine.

Wow. Does the Alpari case mean that brokers are ordinarily supposed to reverse the losses of traders hit by this from their own pocket?

Shevychen2:
Wow. Does the Alpari case mean that brokers are ordinarily supposed to reverse the losses of traders hit by this from their own pocket?

Rubbish! They are lying, it simply means they lost their edge positions.

naijababe:
Rubbish! They are lying, it simply means they lost their edge positions.

maam, what broker do you wreck?

honeric01:
BREAKING NEWS !.. Alpari UK go into administration !!!


Today, Alpari UK have officially applied to the UK courts for administration procedures to be implemented.

Administration is a very powerful process for gaining control, when a company is insolvent and facing serious threats from creditors. The Court may appoint a licensed insolvency practitioner as administrator. This places a moratorium around the company and suspends all legal actions.

If Alpari could go into admin, i wonder what would be of fxpro. They are almost the same. At moment, all CHF pairs are suspended. I wonder why being that they operate an "agency model".

#Anyways, ears to the ground, no one needs such depression.

#will be checking their twitter feeds for clues.

wierdpsycho:
maam, what broker do you wreck?

. I have not wrecked them yet.

I use 3 brokers, FXCM, IG and ETX. The latter two are not in Nigeria as far as I know and I am planning on moving all to IG, that broker is to die for jare. Everything is smooth with them.

naijababe:
Rubbish! They are lying, it simply means they lost their edge positions.

Ah.. I was wondering.

Anyway good on XM so far that big names like FXpro and Alpari are running up and down and they didn't even say anything.

ykpuffy:
what time do they open

Interesting play on our friend. I just sold it again as I was not really buying into that move up earlier in the morning.

Red line is hourly S/R
Blue line is 4h S/R
Black line is daily S/R

I did put a 50 pip stop loss though, these are volatile times abeg!!!

We roll with the big houses lol. At least I did my homework before joining them years ago.

It's not buy doing adverts on CNN, BBC and sponsoring football teams oh. You get money? I have a feeling xm is owned by Arabs (sarcasm) lol.

Xm are not baby brokers. Especially now that trading point is diversified. No real stp broker will be affected cos they don't take opposite positions and trade against customers. In fact a real stp broker wishes you make money so that your volume increases. The higher your lot size the larger the spread value which is the source of a true broker's revenue.

FOREXMARTS:
Xm are not baby brokers. Especially now that trading point is diversified. No real stp broker will be affected cos they don't take opposite positions and trade against customers. In fact a real stp broker wishes you make money so that your volume increases. The higher your lot size the larger the spread value which is the source of a true broker's revenue.

Its aint about hedge positions alone brother.....d problem is dat d event led to most accounts going into negative amouting to millions of $$$$ and d traders that were in d right directn were in millions as well.Some body must pay d negative but will any sane individual pay such?
That is where dos brokers enter am becos somebody must pay.

And d traders dat smiled too r on the broker to get their profits whereas d ones with negative balance aint ready to pay the brokers...
Two traders wrote dz scenario below


I am In Shock That I Lost All Of My Used Margin
Money, On Top Of That Fxcm Called Me For Their big
Negetive (debit Balance) Reimburesement.. my account
now shows Now Big Debit Balance That Probaly I Cant
Earn In My Whole Life Time .Can They Do Legally That
Asking Me Reimbursing The Debit Balance ? I Just Can
Buy And Sell, The Broker Used To Do Margin Call If
Usable Margin Turn Into Zero And They Did Several
Times With My Account In Diifferent Situatins . Before
Negetive Balance My Account Should Be Closed From
Their End With Their System.. Its Really Dying




I was lucky.. I was long CHF.. Just got 6k in
2 mini lots.. It is very scary.. I will never play CHF in
my life again..

So my other take is that the brokers that r big (Retail trader standard) are likely to have issues.
Also i think it could happen to any broker. May be those that are fortunate were not having so much positions on CHF pairs. There is no institution that is too big to fail
Life itself is risky & the job of every one of us should do now is to learn to manage risk well.
Whether we trade fx or not...risk is everywhere

FOREXMARTS:
We roll with the big houses lol. At least I did my homework before joining them years ago.

Brother hear me, there is not a single broker that isnt affected by the CHF sh*t. Alpari took the immediate step of entering into admin because of the strong regulation in the UK. FXCM was quick to announce they are on the edge and may not continue operation. If” big and none supposed market maker brokers" like them can declare such, how much more small brokers like XM in countries like Cyprus and the rest where regulation is weak. Time will tell but I pray it all goes well for both traders and brokers alike.

naijababe:
Interesting play on our friend. I just sold it again as I was not really buying into that move up earlier in the morning.

Red line is hourly S/R
Blue line is 4h S/R
Black line is daily S/R

I did put a 50 pip stop loss though, these are volatile times abeg!!!

Stop hit sharpaly. I will be back next week before dem collect everything dem don give me this week

infofirst:
Its aint about hedge positions alone brother.....d problem is dat d event led to most accounts going into negative amouting to millions of $$$$ and d traders that were in d right directn were in millions as well.Some body must pay d negative but will any sane individual pay such?
That is where dos brokers enter am becos somebody must pay.

Listen a broker is just a middle man who charges commission for his serviced. You don't have access to liquidity providers, that's where ur broker comes in and he charges u for that service. When you place ur trade and ur broker doesn't forward it to the liquidity providers (BIG BANKS) and u make profits he must pay you from his pocket and when you loose it's his since he didn't forward ur order to the liquidity provider. But if he does the liquidity providers pay the broker and he pays you.

All market makers are guilty of it and they make a hell lot of money by not forwarding positions to liquidity providers since 80% of traders loose. You don't expect any broker to tell you that "Oh am dirty we play dirty and today is a bad day for us, we can't pay those that made profits hence the dogon turenchi(long story).

Like naijababe said na lie dem dey lie. What you saw yesterday is a perfect definition of 99 days for the thief, one day for the owner.

Don't get it twisted, understand of fx works beyond what you see on your trading terminal chief.

PIPnator:
Brother hear me, there is not a single broker that isnt affected by the CHF sh*t. Alpari took the immediate step of entering into admin because of the strong regulation in the UK. FXCM was quick to announce they are on the edge and may not continue operation. If” big and none supposed market maker brokers" like them can declare such, how much more small brokers like XM in countries like Cyprus and the rest where regulation is weak. Time will tell but I pray it all goes well for both traders and brokers alike.

And who said Alpari is not a market maker? If ur on a regular account then ur, dealing with a market maker. I have posted a link to non market maker brokers before, Alpari wasn't one of them. Unless ur on an ecn account. Anyways I hate online arguments. I can only tell you what i know, take it or leave it. Still doesn't mean you let ur guards down. Nuff said, just assume I said nothing or ignore my post bross. Thank you.