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The Captains Chest - Naked Trading & Other Stuff
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Author:  Jurij [ Fri Nov 06, 2015 1:14 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Captain Jack » Fri Nov 06, 2015 1:30 pm wrote:I get a lot of requests for broker recommendations via PM's. There are very few that I use anymore so there are no recommendations given. [...]

-CJ-
CJ, another OS broker that accepts US clients is https://myfxchoice.com/
They seem to have good reviews on forexpeacearmy.com and they accept bitcoin fund transfers.
The only thing is max 1:200 leverage, I know you want more in order to leave less funds exposed to those criminals. But, maybe still an option...
Author:  britanniauk [ Fri Nov 06, 2015 1:16 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

michosz » Fri Nov 06, 2015 1:12 pm wrote:Hi!
The last time I don't have a lot of time for forum. But I very much want learn good example like symphaty :smile:
What do you think about E/U ? Did I count good level ?
Ive counted that pretty much the same mate. Im hoping NFP pushes it up.
Author:  Jurij [ Fri Nov 06, 2015 1:16 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

michosz » Fri Nov 06, 2015 2:12 pm wrote:Hi!
The last time I don't have a lot of time for forum. But I very much want learn good example like symphaty :smile:
What do you think about E/U ? Did I count good level ?
Few pages back CJ answered this question about EURUSD levels.
STill waiting for the bottoming structure (level 3).
Today's NFP could create also a stop hunt to the upside before coming down again...
But consider also CJ's monthly map which shows heavy downside, so be careful with that pair.
Author:  IanN [ Fri Nov 06, 2015 1:36 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Memo to self - don't trade ahead of the NFP figures.

Came out relatively lightly as I had gone short on NZDUSD (as well as short on USDJPY) but it looked bloody scary.

:shock:

Regards

Ian N.

PS: Captain, I now think I have those battle scars you suggested I award myself.
Author:  britanniauk [ Fri Nov 06, 2015 1:40 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

IanN » Fri Nov 06, 2015 1:36 pm wrote:Memo to self - don't trade ahead of the NFP figures.

Came out relatively lightly as I had gone short on NZDUSD (as well as short on USDJPY) but it looked bloody scary.

:shock:

Regards

Ian N.

PS: Captain, I now think I have those battle scars you suggested I award myself.

my mate just made $700 going long on UJ with 1 lot. I went long on EU and lost a fiver.
Author:  Captain Jack [ Fri Nov 06, 2015 1:46 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

As most people who know me, know that I routinely use max margin to leverage my trades. One of the TW accounts, for which I have 5, had a balance of 8500, at 500:1 leverage. (My account listed leverage at 1000:1, but in reality, it was only 500:1... problems with their site does not allow this to auto update when balance limits cause the margin schedule to change.)

ALL OF MY TRADES WERE INLINE WITH THE NEWS RELEASE.....

15 minutes or so before the release, I saw my margin level drop to below 100% with no price movement!!!

The news was released, my orders all hit... and all were closed at near the lows or highs...depending on pair..

I am now in contact with TW trying to find out why they halved my margin and placed the account in peril...

Needless to say, ,money will flow from those accounts, back my way today!!

PLEASE READ MY FOLLOW UP POST ON THIS, LOCATED LATER IN THE THREAD!

TW has just informed me that my account was reduced from 500:1 to 200:1(see above) .... :shock:

-CJ-

This post has been edited for the following reason: I just had an hour long conversation with Joe Carney, manager, at Traders Way. It was a good conversation. He explained everything that happened and changes are going to be made at Traders Way that will benefit all who have accounts there... I'll put another post up with more detail on these changes.
Author:  albchr [ Fri Nov 06, 2015 1:52 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Captain Jack » Fri Nov 06, 2015 8:46 am wrote:Buyer beware on this bucket shop....Traders Way....

As most people who know me, know that I routinely use max margin to leverage my trades. One of the TW accounts, for which I have 5, had a balance of 8500, at 1000:1 leverage.

ALL OF MY TRADES WERE INLINE WITH THE NEWS RELEASE.....

15 minutes or so before the release, I saw my margin level drop to below 100% with no price movement!!!

The news was released, my orders all hit... and all were closed at near the lows or highs...depending on pair..

I am now in contact with TW trying to find out why they halved my margin and placed the account in peril...

Needless to say, ,money will flow from those accounts, back my way today!!

BUYER BEWARE!!

-CJ-
Sorry that happened to you bud. But thanks for the info. Guess I can scrap them now and that leaves me with none.
Author:  Silweri [ Fri Nov 06, 2015 1:57 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Silweri » Fri Nov 06, 2015 9:39 am wrote:I just need to try squeeze the last pips from this uprun :D
Got some losers today earlier but thankfully USDJPY trade that I entered in the morning covered ll losers and then some ;)

Just took profits :!!:
Author:  Xhale1991 [ Fri Nov 06, 2015 1:59 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Captain Jack » Tue Nov 03, 2015 9:24 am wrote:Work it out and trade it guys....

-CJ-
Is this a live account?

That is some CRAZY size you are trading jack.
Author:  IanN [ Fri Nov 06, 2015 1:59 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff

Captain Jack » Fri Nov 06, 2015 1:46 pm wrote:Buyer beware on this bucket shop....Traders Way....

As most people who know me, know that I routinely use max margin to leverage my trades. One of the TW accounts, for which I have 5, had a balance of 8500, at 1000:1 leverage.

ALL OF MY TRADES WERE INLINE WITH THE NEWS RELEASE.....

15 minutes or so before the release, I saw my margin level drop to below 100% with no price movement!!!

The news was released, my orders all hit... and all were closed at near the lows or highs...depending on pair..

I am now in contact with TW trying to find out why they halved my margin and placed the account in peril...

Needless to say, ,money will flow from those accounts, back my way today!!

BUYER BEWARE!!

TW has just informed me that my account was reduced from 1000:1 to 200:1 .... :shock:

-CJ-
Sorry to hear that CJ but it does prove one thing you have said consistently (not that it needed proving): With 15 minutes to go before the figures were released they messed with your account - almost as if they knew what was coming :o

Regards

Ian N.
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