| stevehopwoodforex.com https://www.stevehopwoodforex.com/phpBB3/ Print view |
|
| EURCHF The Horror! https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=4052 |
Page 1 of 1 |
| Author: | AnotherBrian [ Thu Jan 15, 2015 6:06 pm ] |
| Post subject: | EURCHF The Horror! |
So who was long / short this one when the shit hit the fan? I was using Pipmashers EA and just happened to be short and on the correct side, first the first time ever during an event like this. This was all about luck. |
|
| Author: | cstrick [ Thu Jan 15, 2015 6:46 pm ] |
| Post subject: | EURCHF The Horror! |
wrong side very wrong |
|
| Author: | AnotherBrian [ Thu Jan 15, 2015 11:12 pm ] |
| Post subject: | EURCHF The Horror! |
This email came in from AVA trade - basically says "we are ripping you off and there is nothing you can do about it". I'm not with them any longer, left a couple of years ago - never go back. As you probably know, the Swiss National Bank removed the floor of 1.20 on the EURCHF yesterday at 9:30 GMT. Following the announcement, there was no liquidity on the CHF pairs and the EURCHF market fell from the floor of 1.2000 to 0.95-1.00, and then further through 0.85-0.90, and liquidity finally returned at prices between 1.03-1.04, all according to the Electronic Broking Services (EBS) . AvaTrade is applying fill levels for all executed trades/orders which occurred between the times of 09:30:00 GMT to 10:50:00, with a EURCHF price of 1.0450. For all other CHF pairs, the execution rate will be calculated and the trades/orders will be adjusted by using the EURCHF price from the above and the relevant 3rd currency price vs EUR at the time. AvaTrade is pleased to confirm that yesterday’s SNB statement and Swiss Franc volatility had no material effect on the company’s strong financial position. If you have any questions please do not hesitate to contact our customer care team. Regards, AvaTrade Team |
|
| Author: | AnotherBrian [ Fri Jan 16, 2015 3:06 pm ] |
| Post subject: | EURCHF The Horror! |
clearly they are doing this to stay in business. If i had an account there, I'd still want my money and my trade price and if they go broke doing that, "sucks to be them". |
|
| Author: | johnf [ Fri Jan 16, 2015 11:59 pm ] |
| Post subject: | EURCHF The Horror! |
. |
|
| Author: | AnotherBrian [ Sat Jan 17, 2015 5:15 am ] |
| Post subject: | EURCHF The Horror! |
 That's a good read, lots of confusion. Some traders are still looking for more than 100:1 leverage, one guy says he needs 500:1. I guess that's OK if you're playing with your lottery budget... |
|
| Author: | skoda2008 [ Sun Jan 25, 2015 9:43 am ] |
| Post subject: | EURCHF The Horror! |
I just came across this, and thought it was very well done... http://youtu.be/AFsnqmupCIc |
|
| Author: | AnotherBrian [ Sun Jan 25, 2015 3:46 pm ] |
| Post subject: | EURCHF The Horror! |
Good video. Substitute Hitler for Vladimir Putin. As soon as heard this news I thought, why would they do that, must be something to do with Russia. Here's an article on it Also keep in mind that 68% of Russian exports are Oil, maybe that is why Saudi and USA are pumping oil like there's no tomorrow! and pushing prices down. |
|
| Author: | Gertje [ Mon Feb 02, 2015 2:06 pm ] |
| Post subject: | EURCHF The Horror! |
I had contacted them just after the CHF move, how to proceed with my -/- $500,- balance. Do I need to make up for it? They replied that they were in contact with their LiquidityProviders to establish a minimum-value for the CHF-pairs against what they would value all trades that closed in loss. Today the above answer came, good show. |
|
| Author: | AnotherBrian [ Mon Feb 02, 2015 4:26 pm ] |
| Post subject: | EURCHF The Horror! |
That's great news for you! |
|
| All times are UTC | Page 1 of 1 |
|
Powered by phpBB® Forum Software © phpBB Limited |
|