There are some major adjustments in the market on jpy as a result of this. Anyone has a view on where this is going ?
I've complained to IB repeatedly about their idiotic capping algorithm and no one listens. It would not be hard for them to bring up a confirmation box asking if you really, really, really want to submit an order at a particular price, but they refuse to do that. Whoever is responsible for this decision at IB should really ask themselves if they know better than their customers at what prices they should be able to trade at. Because right now IB is saying it knows better than you. And in a fast moving market you cannot control your risk. IB is trying to make it safer to trade but in this case they are just making things more dangerous. Please, I would love someone from IB to come on these boards and justify this price capping decision.
I live in Switzerland and trade US exchanges. I haven't drunk in 2 years but I need whiskey right now. Sometimes the market is a really scary place...
Who knows active liquidity providing firms in CHF crosses or SF futures? My guess is they need more whiskey than me.
Congratulations on 2 years. DON'T do it. No matter what life throws at you, drinking will only compound the pain. It is never a solution. It has been 23-24 years for me, been through my share of hardships along the way. "flash crash included". I won't give trading advice, but this I am confident about
How come ? Because you just know I am waiting for a free ride ? A simple advice would be to use stops and sizes wisely. These will allow proper trading and offer protection at the same time.
was looking at oanda positions last week, 95% of positions trading at oanda where net long eurchf . Will be interesting to see the fallout from this move in the coming month among various shops and funds.
Well, they paid out, at least in my case. I hope they will survive or I will have the hassle of going to find another shop.