all the little ants are MARCHing....forex

I will be moving my account to the UK branch...which is total BS why should i have to move my money outside the country so i can trade with the same rules as the rest of the small guys???hope every trader here has sent an email....let em know you dont like this change

"If our leverage rules are 10-to-1 and leverage rules elsewhere are 100-to-1, the business is going to move elsewhere," Marshall said, adding that investors could be even less protected if business moves to a country with lax regulations.

"I don't think it's well thought out," he said. "I think they are trying to fix a problem that doesn't really exist."

That links no good...oh well i put the best part up anyhow...

 

Agree there.

I was curious if they meant IP and physical address or just where the money is parked?

If this goes through it will hit the liquidity quite a bit, although from being with Delta and seeing their Level II, the trading that goes through is MONSTER size..huge numbers..so maybe this wont effect anything.

I read that it didnt matter if youre a US customer or not if you use UK branch...theres no reason for them to be doing this really...what is it going to change?All your money is at risk either way you slice it....whats the leverage matter...those that lose money 100:1 will still lose at 10:1 and it seems the losses would be bigger...right?

I dont care one way or another ill still be in the market..just scary to think my money wont be close to home

Looking to cover my LB short at 136.45, would net about 180 pips.

I will also be evading my tax liabilities if I have to move outside of the country to perform legal business.

rick,

I wonder what foreign taxes you would have going to an outside branch?

You could enter the income and be taxed on it even though it is off shore.

Got the short cover..looking at what I want to do next.

I guess we will see what happens. 

Hi Bucknuts

Sending U a friend request, I am interested in the Forex bizz, and U seem to know alot about it

So is this another bailout hour in the midst?

Not much movement last few hrs...i sat and watched GBP crash this morning shoulda jumped in and got some shrt $$$ but the chart didnt look good....

Tomorrow should bring some action......maybe go long JPY??

 

Lookie lookie..

They rescued the Dow and the SPX yet again, what are we at now like 19 of 21 days up on the markets?

Yeah its laughable for sure...i told ya it was never going down..

i grabbed some at 90.24 few mins ago...gonna hold through the news and see what happens.....off to work

Got lucky on a limit buy last night long LB.Yen at 135.20

Trying to sell at 137.35

Nice gain here so far...news doesnt come out until 2pm so i might be putting a limit and stop on this trade if i dont think ill be awake for the release

Which news are you talking about specifically?

I never catch a move like that, usually it is hitting a 200 pip drop.

Moved it down to 137.05, missed the higher sell by 1 pip.

Still making 180 pips isnt bad, on to another trade..

Short Lb.Yen at 137.50

Looking for 50, tried to get short Eu.AU at 1.5075 but she backed off too quickly.

I was talking about the fed rate a 2pm...turned out to be more of the same...

Still in JPYjust crossed my way on the 4hr..i really thought this thing would have a move up by now...was thinking 1.05 at least by spring and here it is at 90...

My Eu trade looks better everyday..daily looking like a slight pullback is coming...maybe just a rest b4 next leg up or down...news not getting better for Eu but the dollar is pulling down some now too so we'll see which one sinks faster i guess

Avereraged up on my LB trade..missed getting my fill last night by 10 pips..so I averaged up to 138.20 now.

At this point I want 100 each for 200 total if I can get it.

Nice saucer formation on the EU..very slowly developing.

forex clock

https://www.forex4noobs.com/forex-plus/forex-clock.php

Order in on Eu.Au at 1.4850

Got the cover last night on the Lb.Yen for a net 220 pips (covered at 137.10)

Now long the EU.AU at 1.4850

Set a limit on JPY got out today while i was at work....how did i not sell EU/GBP the other day???Matt mentioned it early this week in a video and Andrew was also on this pair shrt...just miised the boat i guess

The news just keeps getting worse for the EU....broke channel support now looking like 1,34s again ...hope Ice choose to average,he'll be good soon if hes not already

i dont like anything right now...CAD has data tomorrow..i see some people think it climbs early then gets smacked down after data...look to sell if it can push up to 1.02 again on CPI #s