EUR/CHF wipeout/margin call ... negative balance ... what to do?

[ExperiencedJoe]

False. Retail FX is the domain of third world and beat down estern bloc strivers.

Ok, I take your word for it. Over the years, I have never come across that many excessively foreign sounding FX players on forums. They were mostly american and some western europeans. Depending on the forum, there may also be a population of indians, whose interest was mainly in spamming website links.

Anyway, I think CHF is showing reversal at places. I missed an opening in CHF/ZAR. I get an urge to chase it.

A really funny kicker in all of this is CHF could be going back to the pre-de-peg levels. The markets often get a kick out of this kind of insults.

 

[samuel11]

False. Retail FX is the domain of third world and beat down estern bloc strivers.

Correct.

"In 2014, 41.5% of FXCM’s business by volume came from Asia; followed by 35.9% from Europe, the Middle East and Africa; 13% from the U.S., and 9.6% from the rest of the world, according to its website, which adds that the company boasts content and advertising in 180 countries and 16 languages."

http://www.wsj.com/articles/fxcm-to...od=WSJ_hp_LEFTWhatsNewsCollection&autologin=y

 

[benwm]

Not just third world. Aren't their tales of Japanese housewives shorting yen and buying high yielding currencies such as Auzzie dollar for the carry? Google "Mrs Watanabe". Of course, shorting the low yielding (or negative in the case of CHF) currencies in favour of slightly higher yielding currencies is exactly the type of retail fx play that is royally screwed by the SNB actions. Especially since in order to make any sort of dough you need to leverage it to the max. Since every currency is now low yielding, maybe the "carry trade" is not so prevalent as it was a few years ago, or perhaps the smaller yield differential just tempts some to increase position size in order to earn the same return that they could have pre-2008.

 

[hyperscalper]

False. Retail FX is the domain of third world and beat down estern bloc strivers.

OK, I might accept that as true. But FX is rapidly maturing into "fair" exchanges, no more rip off dealing desks and genuine regulated security; so that, for me, I'd recommend FX Spot over FX Futures for superior Risk Management.

Now, don't be so quick to point out the Swiss "peg debacle" and say there's higher Risk as a counter example. What I mean is that in typical day to day trading, ability to control exposure is 100 times superior to FX Futures. And I think the FX trading venues are mature enough to justify folks moving away from Futures in currencies and over to FX spot. IMHO. But until it's pushed by CNBC people will gravitate to Stocks and Futures instead.

HyperScalper

 

[Turveyd]

Looks like FXCM have increased there Margin requirement, last week I had 2 Larger ( 120 ) GBPAUD trades on the go, my account is higher and today I tried to take a 2nd position with smaller ( 70 ) and got told not enough margin.

Not surprised after last week, reduces there risk a bit forcing everyone to have smaller positions, but ruins my day, it moved well

Blows withdrawing the account back to what's needed, it's already there

 

[ExperiencedJoe]

Anyway, I think CHF is showing reversal at places. I missed an opening in CHF/ZAR. I get an urge to chase it.

The urge was strong in me, and I got a free runner out of it. Break even + 10 stop is on and the trade has positive carry. I win every which way.

 

[applejuice]

I'd estimate that the people who can truly see prepositioning in the market number fewer than 100 worldwide. There are many fairly smart, experienced, successful (7 figures / year) traders who can't consistently identify this prepositioning (or haven't noted the evidence that this exists in very liquid markets).

Was cheese one of the 100?

 

[i am nobody]

The urge was strong in me, and I got a free runner out of it. Break even + 10 stop is on and the trade has positive carry. I win every which way.

OMG!

You trade based on MA's??? That is really hightech! Now I see why you are one of the toptraders. LOL.
Is this how you saw the prepositioning too? ROFLMAO!

 

[lucysparabola]

I've tried to tell you all. EJ's pedigree, math skills, and superior logic trump everyone on this site. All hope is lost.

 

[ExperiencedJoe]

OMG!

You trade based on MA's??? That is really hightech! Now I see why you are one of the toptraders. LOL.
Is this how you saw the prepositioning too? ROFLMAO!

Yes, my secret is out. You have got me good and square.