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Yes, but there wasn't a peg against the USD. EUR-CHF was where they were gambling with their lives trying to make 5-20 ticks, and they paid the price.

OK, it's not a flash crash or a flash upside move but the following is similar to what I've been saying - the vast majority of the time a big sudden move takes a) time to develop, and b) will always be in the direction of the recent move/trend/price action. Look at a 1m chart of GBP-USD (use...

Yep, 99% of the time the market will always be very weak before a flash crash. Same in reverse as well, look at a stock that really explodes higher, the price will have been moving higher before the massive ramp. It won't just explode from the lows assuming no takeover bid etc. This is why...

Snukes, the trouble with hedging with options or paying for guaranteed stops (only available for spread bets) is the cost. If options/guaranteed stops are viewed as insurance then insurance doesn't pay out that much because the majority of the time it's not needed (think house insurance)...

Also look at the Swiss debacle around 5 years ago. Look at the chart, it had been weak for months so NO trader should have been long. The Swiss chart is EXACTLY what you'd expect before a flash crash happened. True, it might not have, the peg might have been defended but that still doesn't...

It's not worth worrying about for many reasons, including - 1. It hardly ever happens, like lightning striking you 2. There are 3 positions in the market, long, short and flat, probabilities suggest you'll either be short or flat 3. But if you are long, a flash crash doesn't just crash off...

Batteries are still basically crap, decades or work and billions of investment and we haven't got much. 50 years ago we were supposed to be on Mars and have flying cars. NASA at present doesn't even have a rocket to get men into space. Go to the big Las Vegas Comdex show and the star will...

More than a few adds on 1m Cable this morning. See the low around 8.30am London? Off that low the market is giving few if any opportunities, via a nice retracement, for the shorts to take their losses. Same with the longs, market giving few opportunitites to get long, apart from paying ever...

I don't think it's rare, at least not on the 1m chart. But I trade the Dow and because of its price, 28,000 versus the ES at 3,400, the moves look better on the chart.

dvr The trading I do is in and out. 10-15 trades a day on the 1m chart. So my adds aren't always for the big moves because they don't happen all the time. More like short at 90, add at 77, cover 1 at 73 and the balance at 65. In and out.

The paradox of banning Crypto currencies is that the banning proves they work...

For me the clue is simple - are THEY letting them in or out? If not, then add. Adding to trades works the best this way. Think of everyone in the market, think how they are possibly positioned and if they're offside. If they're offside then they need to get out (somewhere). If the market is...

I agree with the earlier poster - adding to winners is only a solid strategy if your hit rate is good. dvr Adding works great in all markets, but only if they're moving of course. I mainly trade Cable but also sometimes the Dow which I think charts better than ES because of the size (28,000...

If you want to be really good in this game, you HAVE to learn how to add to winners. And the only way I know of how/when/where to add is to become a real expert on the price action because that's where the clues are. That's the good news. The bad is it takes YEARS to properly understand the...

1. Find the front month, the one with all the volume 2. Work out if it's a buy or sell. 3. But or short it 4. Take a profit or loss at some stage in the future. Th future can be anything from a few seconds to many months. 5. Repeat. As Heis said, if you can understand options, 10 mins is...

Yes, Lemarre, it's all to do with the size of the trade. So if you buy 1 lot, the tick size is $0.07 (or equiv. in your currency). If 2 lots then the tick size is then $0.14 and so on. As for brokers, you'll find loads offering the US30 (they can't call it Dow because of legal reasons). FXCM...

a) Don't start with ES, it's far too large for a new trader. b) Better to use the Dow, charts a lot better because of the tick size versus ES c) So start trading the Dow but not the future, use the market that the likes of FXCM offer. 1.5 tick spread (better I think than the future which...

Yep, that's the one.

Search around on Google. There used to be a free software program (not offered by IB) that enabled the software so it didn't have to log-off every 12 or 24 hours. I don't know if it's still available though.

Gravity and money. Gravity in that people seem to flock to larger brokers (for many reasons) which means they get larger which mean more people flock towards them and so on. Of course you still need to offer a great product which they do. Money. Think about how much money has been invested...