we often talk bucketshops like FXCM, How about a real good FX broker for a change

Quote from oraclewizard77:
You are very innocent. Stops are not honored.
Exactly, that's why I've never had one pip in slippage on a stop.
Quote from oraclewizard77:
If you call in to place a trade due to say internet being down, they rape you on the price. Data feed tracking actual trades is not the same compared to say currency futures where all firms have the same price at the same time.
The software has only gone down once so far, I'm not really concerned about that. Please provide a real trade that you or someone has done where they called in a trade and were "raped" on the price. I bet you won't do this though. You'll just say I'm naive or whatever.
Quote from oraclewizard77: I very much doubt you make money trading.
Would you like me to post my account statements? I bet you'll be disappointed.
 
Quote from Abide:

I thought he was innocent, now I think he is just stupid

what other conclusion can one draw ?

delusional
stupid
malfunctioning
My mom always told me, “stupid is as stupid does.” Which do you think is stupid, making false statements that you haven’t backed up, or trying to set the record straight?
 
Quote from cabletrader:

Your ignorance is only surpassed by your stupidity.

This business doesn't suffer fools gladly, if you ever expect to make consistent money from trading forex with a bucketshop then you're going to need to remove your head from the sand.....or wherever it's buried.

That's friendly advice, it makes absolutely no difference to me whether you listen to it or not :)
Wow that's vastly different from what you were saying a year ago. Let's take a trip back in time.
Quote from jaronimo:

I am as positive as I can be without them actually telling me they spiked it to hit my stop. The first time or two I just thought it was a fluke that a steady sideways trend had one hard spike exactly to my stop.

Then it happened a third time and I thought "they are purposely hitting my stops". So I moved them further away. About 2 weeks later, same thing, steady sideways trend and then one 45 pip spike right to my stop.

I have not had any issues like that with futures. In the futures market my biggest trade is nothing for them.
response by cabletrader
http://www.elitetrader.com/vb/showthread.php?s=&postid=1847134#post1847134
Quote from cabletrader:

45 pip spike to take out your stop, are you sure :eek:

I've heard of 3 or 4 but 45, if it's as consistent as you say it is that's a great opportunity to hit them for some serious cash, I'm surprised if Oanda leave themselves open like that.
and, in your own words
http://www.elitetrader.com/vb/showthread.php?s=&postid=1849411#post1849411
Quote from cabletrader:
I would imagine stop hunting is easier in less liquid futures than in forex, isn't that where the tactic originated in the first place?
and let's not forget the crown jewel
http://www.elitetrader.com/vb/showthread.php?s=&postid=1848324#post1848324
Quote from cabletrader:

In a business where the stats say 90% lose overall, and where the marketmaker can have zero exposure if he chooses and still make truck loads of money, there's not much need to risk running stops just for the extra few bucks it's going to make him.

Everyone who loses money (in spot) has a story to tell and it usually involves a crooked broker but there are very few stories supported by any evidence.
You almost say it better than me. You are a complete f**king liar. Mark Sanford has more credibility than you. Case closed.
 
Quote from oraclewizard77:

You are very innocent. Stops are not honored. If you call in to place a trade due to say internet being down, they rape you on the price. Data feed tracking actual trades is not the same compared to say currency futures where all firms have the same price at the same time. I very much doubt you make money trading.
Just like cabletrader, you have absolutely zero credibility. This is what you said one year ago. What a complete fraud you two are.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1848630#post1848630
Quote from oraclewizard77:

FXCM is not really the problem.

I talked to a trader who made a $ million trading with FXCM, he never used hard stops, just mental stops.

The only problem was one day he had to take his wife to the hospital, and a news event came out. So what stopped him out was the margin call of $ 700,000.
ET mods, are you seeing this? Why do you let your site be trampled down with such despicable and two faced liars.
 
These were from real trades. For example, I had a stop placed and I was given a 15 pip difference on a spike that only showed up on their system.

I did call as soon as the internet was down, and the price I got filled was 10 pip difference from chart.

However, I do somewhat agree, you can still make money if you use only mental stops and trade with higher time frames for example you go for 200 pip profits with 100 pip stop losses the spikes will not go that far.

Please feel free to post your account details here on this public forum and include all of your information, that will surely prove you are not innocent. I am sure nothing bad will happen after you do that. :-)


Quote from Sandybestdog:

Exactly, that's why I've never had one pip in slippage on a stop.

The software has only gone down once so far, I'm not really concerned about that. Please provide a real trade that you or someone has done where they called in a trade and were "raped" on the price. I bet you won't do this though. You'll just say I'm naive or whatever.

Would you like me to post my account statements? I bet you'll be disappointed.
 
Quote from Sandybestdog:



What is wrong with a bucketshop?

1.2 pips and guaranteed stops.

able to execute market orders at the stale quote

I have been a mostly losing trader for about 7 years

Never even 1 pip in slippage ever. All of my stops are guaranteed

There is no disadvantage to using the dealing desk for intraday trades

Stop hunting is the most hilarious thing I’ve ever heard.

When they go stop hunting, they don’t fill the orders in the opposite direction? That’s the stupidest thing I’ve ever heard.

To say that they stop hunt, is a lie.

To say that there is slippage, is a lie. All stops are guaranteed

Since they don’t widen the spreads, there would be no possible way they could stop hunt and get away with it.

You almost say it better than me.

lol well of course I say it better, from your quotes above it's pretty obvious you don't even understand the issues, but like I said before these issues probably don't affect you because shops tend to leave consistent losers to their own devices (you openly admitted "I have been a mostly losing trader for about 7 years"). Also you seem to think the market is the same today as it was a year ago!

Marketmakers adapt to market conditions the same as traders do.....well some traders anyway!

But thanks for taking the time to read my old posts :D
 
Quote from oraclewizard77: These were from real trades. For example, I had a stop placed and I was given a 15 pip difference on a spike that only showed up on their system. I did call as soon as the internet was down, and the price I got filled was 10 pip difference from chart.
I'm not saying there aren't price differences between brokers, but everytime I have looked at data feeds from different places, they all have been nearly identical, maybe a pip or 2 off. When you phoned them and then looked at the chart, were you looking at the bid price on the chart? If you were buying, you have to add the spread. If it was GBP/JPY it might be 4-8 pips. Maybe the price went up another pip or 2 by the time you got filled and suddenly you're at 10 pips. You're making it out like you're going to get filled 100 pips off the price. 10 pips on a phone order is no case for saying they screwed you. Using the software and seeing the price beforehand, yes it would be.
Quote from oraclewizard77: However, I do somewhat agree, you can still make money if you use only mental stops and trade with higher time frames for example you go for 200 pip profits with 100 pip stop losses the spikes will not go that far. Please feel free to post your account details here on this public forum and include all of your information, that will surely prove you are not innocent. I am sure nothing bad will happen after you do that. :-)
Here you go, all that slippage and stop hunting really killed me.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2491005>
 

Attachments

Here you go, here's another 90k for you :D

14abgnr.jpg
 
Quote from cabletrader: lol well of course I say it better, from your quotes above it's pretty obvious you don't even understand the issues, but like I said before these issues probably don't affect you because shops tend to leave consistent losers to their own devices (you openly admitted "I have been a mostly losing trader for about 7 years"). Also you seem to think the market is the same today as it was a year ago! Marketmakers adapt to market conditions the same as traders do.....well some traders anyway! But thanks for taking the time to read my old posts :D
So let me get this straight, a year ago FXCM did not hunt stops, but now all of a sudden they do?

On 3/21/08 you said:
Quote from cabletrader: 45 pip spike to take out your stop, are you sure :eek: I've heard of 3 or 4 but 45, if it's as consistent as you say it is that's a great opportunity to hit them for some serious cash, I'm surprised if Oanda leave themselves open like that.
And on 7/1/09 you said:
Quote from cabletrader: Manipulating quotes is part of the game, they deal the cards which are best for them, their book, and the in-house liquidity they need.
What a difference a year makes. One day your saying it’s rediculous to say that FXCM runs stops, a year later someone else is saying that and suddenly that person doesn’t know what they’re talking about.
 
Back
Top