GBP who blames whom ?
Dec 20, 2016 at 12:53
MC85 posted:tradfred posted:
That is what I think. Many take advantage of the "winning wave", but it is not the fate of small traders. Is there a way to predict these crash?
I don't think we can predict these crashes. It's out of the scope of the small individual trader... But even the big fishes are getting hit by surprise.
You're right about this.
Dec 20, 2016 at 13:54
dear valuable readers,
when i first public this "GBP who blames whom" i would have no idea that so many people will read it and comment on it and also agree with me. i really thank you all for participating and comment in my post.
i would like to tell you one think as far as our market regulators and control authorities of financial markets are doing nothing to prevent such events we will meet them again and again during our trading life.
did you know that after each flash crush is been taken place an investigation?
did you know that every time they are catching the fat finger bank trader who is responsible for that?
do you know what is the verdict for such a crime?
a maximum of 4 years in prison.
a sentence of 4 years is actual 2 years full time serve period.
what prison??? a prison without walls or fence nice food looks like paradise where great bankers and traders are spending their 2 year holiday before they come out and enjoy the hundreds of millions they stole from innocent traders.
you know why there is no fence and walls because they will not escape
in front is the arctic ocean where you will die in 5 minutes if you try to swim on the back is the frozen Iceland where you will be eaten by polar bears and wolfs, but, on the other hand why to escape if you can enjoy the nice holiday get rest and after to enjoy your millions.
enjoy the tour to the world's most beautiful prison:
https://www.bloomberg.com/news/features/2016-03-31/welcome-to-iceland-where-bad-bankers-go-to-prison
when i first public this "GBP who blames whom" i would have no idea that so many people will read it and comment on it and also agree with me. i really thank you all for participating and comment in my post.
i would like to tell you one think as far as our market regulators and control authorities of financial markets are doing nothing to prevent such events we will meet them again and again during our trading life.
did you know that after each flash crush is been taken place an investigation?
did you know that every time they are catching the fat finger bank trader who is responsible for that?
do you know what is the verdict for such a crime?
a maximum of 4 years in prison.
a sentence of 4 years is actual 2 years full time serve period.
what prison??? a prison without walls or fence nice food looks like paradise where great bankers and traders are spending their 2 year holiday before they come out and enjoy the hundreds of millions they stole from innocent traders.
you know why there is no fence and walls because they will not escape
in front is the arctic ocean where you will die in 5 minutes if you try to swim on the back is the frozen Iceland where you will be eaten by polar bears and wolfs, but, on the other hand why to escape if you can enjoy the nice holiday get rest and after to enjoy your millions.
enjoy the tour to the world's most beautiful prison:
https://www.bloomberg.com/news/features/2016-03-31/welcome-to-iceland-where-bad-bankers-go-to-prison
Dec 21, 2016 at 07:53
i do not have IT knowledge to propose a solution, but as it looks like the problem is in the algorithm trading system we are all using day by day. as far as a single trader from a single computer can manipulate the price of GBP the world's oldest currency, that under normal conditions, only BOE can do, what can i say. either the regulators cannot fix the trading system either the big banks who are acting as market liquidity providers DO NOT want to fix it and they are hand to hand with the trader who is flash crushing every now and then. for 100 millions to be honest i could do it if i was in their shoes and i could go for 2 years holiday prison in Iceland, i love nature, i love fishing salmons and i love watching polar bears
forex_trader_353534
Member Since Aug 20, 2016
25 posts
Dec 22, 2016 at 07:25
petros72 posted:
dear valuable readers,
when i first public this "GBP who blames whom" i would have no idea that so many people will read it and comment on it and also agree with me. i really thank you all for participating and comment in my post.
i would like to tell you one think as far as our market regulators and control authorities of financial markets are doing nothing to prevent such events we will meet them again and again during our trading life.
did you know that after each flash crush is been taken place an investigation?
did you know that every time they are catching the fat finger bank trader who is responsible for that?
do you know what is the verdict for such a crime?
a maximum of 4 years in prison.
a sentence of 4 years is actual 2 years full time serve period.
what prison??? a prison without walls or fence nice food looks like paradise where great bankers and traders are spending their 2 year holiday before they come out and enjoy the hundreds of millions they stole from innocent traders.
you know why there is no fence and walls because they will not escape
in front is the arctic ocean where you will die in 5 minutes if you try to swim on the back is the frozen Iceland where you will be eaten by polar bears and wolfs, but, on the other hand why to escape if you can enjoy the nice holiday get rest and after to enjoy your millions.
enjoy the tour to the world's most beautiful prison:
https://www.bloomberg.com/news/features/2016-03-31/welcome-to-iceland-where-bad-bankers-go-to-prison
It is so outrageous to know that this is how the great system is handled ...
forex_trader_353534
Member Since Aug 20, 2016
25 posts
Dec 22, 2016 at 07:25
RPatell posted:
@jamess2 @MC85 @NEEnah @trill12 @tradfred Guys you are right, I completely agree with you that we should be very cautious especially if we don't have much money to put on the table. No way we can predict these crashes, really, it's not our game to do so but to try and mitigate the risks via diversification, close account monitoring and proper money management. In India people often use astrology to do forecasts. You never know when it will work but it is important to be confident still. Wish you all good luck and safe trading!
And you think this can work for astrology? I'm skeptical about this.
Dec 25, 2016 at 07:49
@petros72 @trill12 @jamess2 You are right guys, it all about the big money but no one takes real responsibility when such flash crash mistakes happen... And remember - a huge loss for someone is always a huge profit for someone else in trading. We never know on which side we will be.
Need for speed!
Dec 27, 2016 at 10:04
jamess2 posted:RPatell posted:
@jamess2 @MC85 @NEEnah @trill12 @tradfred Guys you are right, I completely agree with you that we should be very cautious especially if we don't have much money to put on the table. No way we can predict these crashes, really, it's not our game to do so but to try and mitigate the risks via diversification, close account monitoring and proper money management. In India people often use astrology to do forecasts. You never know when it will work but it is important to be confident still. Wish you all good luck and safe trading!
And you think this can work for astrology? I'm skeptical about this.
I know a guy whose forex predictions based on astrology are in 65% of the cases right. I don't know how he is doing it but I know he has read a lot about this matter in the past. I think this is just for people who believe in it and are ready to follow such signals.
Knowledge is king!
Dec 27, 2016 at 17:21
I know a guy whose forex predictions based on astrology are in 65% of the cases right. I don't know how he is doing it but I know he has read a lot about this matter in the past. I think this is just for people who believe in it and are ready to follow such signals.
Well for them ... they are definitely connected to what they believe
Well for them ... they are definitely connected to what they believe
forex_trader_350646
Member Since Aug 09, 2016
34 posts
Dec 27, 2016 at 17:34
leopoldo posted:
@petros72 @trill12 @jamess2 You are right guys, it all about the big money but no one takes real responsibility when such flash crash mistakes happen... And remember - a huge loss for someone is always a huge profit for someone else in trading. We never know on which side we will be.
This is very true, we only hope to be more on the side of those who win than on the side of those who lose
forex_trader_353534
Member Since Aug 20, 2016
25 posts
Dec 29, 2016 at 09:34
RPatell posted:jamess2 posted:RPatell posted:
@jamess2 @MC85 @NEEnah @trill12 @tradfred Guys you are right, I completely agree with you that we should be very cautious especially if we don't have much money to put on the table. No way we can predict these crashes, really, it's not our game to do so but to try and mitigate the risks via diversification, close account monitoring and proper money management. In India people often use astrology to do forecasts. You never know when it will work but it is important to be confident still. Wish you all good luck and safe trading!
And you think this can work for astrology? I'm skeptical about this.
I know a guy whose forex predictions based on astrology are in 65% of the cases right. I don't know how he is doing it but I know he has read a lot about this matter in the past. I think this is just for people who believe in it and are ready to follow such signals.
really? That if that surprises me. They are good at what they do.
forex_trader_368734
Member Since Oct 13, 2016
25 posts
Jan 02, 2017 at 09:57
NEEnah posted:
Everything can happen and I don't blame anyone here. It is just a very bad luck for the majority of us small traders.
I just think that those who are not within the big elites have no choice ... you can not blame one or the other, you can not force regulations, you can not expect them to enforce them, and I hope I'm wrong, but I think That will not happen.It is about trading as smartly as possible and withstanding the bad winds that can strike.
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Jan 05, 2017 at 07:48
no blame there ,market laws,anybody who does not get should not be trading with his live money
Member Since May 01, 2016
3 posts
Jan 09, 2017 at 07:45
Being new to trading, advice to me was stay out of the market with major news. That is good advice. Brexit vote considered major.
Everybody knew when the Brexit was going to be voted on. Most everyone thought UK would stay. sentiment was Bullish pound by ALOT. That there would be a big move triggered by that should come as no surprise to anyone so that isn't a "crash". They left and the pound began to tumble. I was out of ALL markets that day.
What happened with the Swiss was unexpected, and did catch everyone off guard. That was a crash. I Wasn't in the markets that day, but if i would have been, my loss would have been no more than 4% of my account balance, as I only risk up to 2% of my account on any one trade, and no more than 4% total. ( having learned the hard way early on 😞 ) .
Everybody knew when the Brexit was going to be voted on. Most everyone thought UK would stay. sentiment was Bullish pound by ALOT. That there would be a big move triggered by that should come as no surprise to anyone so that isn't a "crash". They left and the pound began to tumble. I was out of ALL markets that day.
What happened with the Swiss was unexpected, and did catch everyone off guard. That was a crash. I Wasn't in the markets that day, but if i would have been, my loss would have been no more than 4% of my account balance, as I only risk up to 2% of my account on any one trade, and no more than 4% total. ( having learned the hard way early on 😞 ) .
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