Good to hear , Oanda is one of the relatively better capitalized retail shops so hopefully they stay in good shape. seeing on my news feed... "Forex.com suspended trading in the Swiss currency after the central bank announcement." don't know if that is temporary or what.
luisHK - If you were aggrieved by capping in the futures you should demand a fill at 1.05, that's the only way this stupidity will end. You have a rock solid case if you were due a fill, no other broker does this. I maintain IB has no right to modify your limit price in these situations, particularly in the case where the exchanges have their own internal price banding mechanisms in place (see my thread below). http://www.elitetrader.com/et/index...price-capping-denied-ability-to-trade.285931/ PS - I think IB is well intentioned trying to protect clients from erratic spikes, but their policy is poorly implemented and clearly has zero oversight given there is not a 24-hour desk to override it in a legitimate volatile situation such as this. They are effectively allowing everyone to front run you while your order sits there "capped" at a price that will never trade. Make no mistake, this type of move will occur in a more mainstream contract sooner or later. Say ES gaps down 2% on legitimate news, you try to sell and are "capped." When the cap is removed, next trade is 50 points lower.
Numerous reasons why I don't give advice. Primarily, out of respect to the individual who shared his methodology with me. We had an understanding that I would never disclose the information he shared publicly. I honor my word. Which is why I do not post annotated technical charts. Secondly, regurgitating generic trading advice and catch phrases is a useless endeavor. Just as is giving partial information. Tell a noobie how to enter a trade, but not how to manage his risk is irresponsible. (just to say he should use stops is not enough). A job worth doing is worth doing right. Either teach the man everything he needs to know or keep quiet. I choose the latter. Thirdly, answering a SPECIFIC well thought out question, which exhibits the individual has put forth the effort and only needs clarification is fine. Directing one to the source of information and/or assisting with technical issues is also fine. Offering unsolicited advice, taunting, deriding someone on how they should have done something is another matter. Hindsight is 20/20, easy to throw stones and be degrading. Constructive advise is fine, but it should be requested and not shoved down someones throat. In regards to the individual I was addressing, I believe he is an experienced trader. There is no advice I could or should give him that he isn't already aware of. We all have losing trades, draw downs, fat finger mistakes, bad timing, etc... part of trading. Notice he lost 10% of his net worth, he didn't blow up. All a part of trading, he lived to trade another day. What else is there to say? Some people like to hear their own voice, regardless what rubbish they exude. I am not one of them.
Atrocious Bad day here in the office indeed. The fact I closed the euro stocks (US markets were closed) before they rallied big time to limit the risk as I couldn't touch the eurchf didn't help. But the orders capped were on the eurchf spot market. When the first bids came up on the futures and I placed orders there, the orders just remained with the blue light on, ie not transmitted yet. Also when I ticked the "don't cap" case it just came with a larger pop up and the platform froze.It happened twice. Does anyone know how can I download the order activity log, where it shows orders didn't get through ?
Tradator How are you doing ? Lost on trades or the issue is more about the cost of life ? Junior here is raving about going to boarding school in Switzerland and i'm keen on retiring there. But it sure doesn't look any cheaper today... I wonder who is going to come ujp as the CHF Soros, some guys must have striked it big today.
well, in that case it brings you 6 months back, before the large USD move up, usdchf was at the same level. Messy day, lots of litigation in perspective.