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International markets traders banter

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I only trade bucket shops, but that sounds pretty dodgy Hav .... Who are you with??
 
barney said:
I only trade bucket shops, but that sounds pretty dodgy Hav .... Who are you with??
Click to expand...

I'm going to wait for their response first before giving the name. If it's a good response (or if it was 'a world wide web problem') I will let it pass. If the response is not good I will give the full details of what happened (and maybe complain to CFTC), cause it's feels very dodgy right now.

Orders were taking like 5 minutes to cancel/place. I realised when I was flat and had an order away from the market which I had pressed cancel on minutes before the market got there, execute.

So I tried to close the position, but didn't work, so I try another closing order, didn't work.

Call tech support in a panic (number in my phone is US hours only, out of hours number on website has no international number so takes a few minutes to work out the international codes). In the meantime the first exit order appears, takes me out, but also the second order appears and puts me in the other way. (i had pressed cancel all orders when they didn't work hoping not to have random orders just appearing minutes later on delay, obviously didn't work

Tech support tells me i am flat, I open another platform of the same account, one shows me flat other shows me in a position that could take my account in 75 ticks going against me. WTF do you do in that situation? Ended up getting out with a loss less than i had made for the day, but that was just lucky and the money although not much is still a decent amount to me.

Funny thing is this is a Chicago based futures broker, never had this problem with a bucket shop

Edit to add, my internet was working fine with other stuff, so problem was not with my PC or internet, when i tried to open up the second platform the first few times it told me it couldn't contact their server.
 
havaiana said:
Edit to add, my internet was working fine with other stuff, so problem was not with my PC or internet, when i tried to open up the second platform the first few times it told me it couldn't contact their server.
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Sounds like AMP
 

Dunno if this would affect you but between 2:15pm and 2:45pm today the ASX had a dummy spit.
 
on a different matter:
news US STOCKS-Wall St sells off after Fed sticks with stimulus cuts dated 29/01
todays news:
US STOCKS-Wall St advances as Yellen keeps Fed policy intact
basically very same news and 2 opposite move of the market

what I do not currently undertsand is the dow up 1.3 % again while at the same time both gold and bonds are rising 1.5% too????
This goes against all what I have learnt.
I understand that everything can rise as the US (and others) are printing monopoly money all the time but still.
Anyone whop has a clue, please help
I remain a short term bear but the market teachs me otherwise..it hurts
 

Not good. All points to their end.

Had a couple of similar issues a few years back with two separate bucket shops .... Both of them honoured the "problem" and reimbursed my account for losses ..... Not sure whether you'll get the same service from Chicago though ..... If they are not reasonable, you may need to talk with your feet Hav.
 

I had a small issue with a bucket shop once and they too reimbursed me.

Their response overnight was ridiculous, they are suggesting I had a firewall problem even though their tech support was having the same issues. They are also denying that they have any records of any issues or complaints over the time from any clients. Lucky I have the phone convo on my phone and have an email from their tech support, just flat out dishonest. Just waiting for another response tomorrow then will name them and give full details. Going to send complaint to CFTC too, why they would do this over such a small amount of money i don't know. If they had just been honest with me I probably would have just worn the cost as it will cost that much to move money around to a new broker anyway

Anyway, will not block up this thread anymore with broker issues
 
havaiana said:
...
Anyway, will not block up this thread anymore with broker issues
Click to expand...
I am sure that I am not alone in wanting to hear of any further developments as broker issues are of interest and concern to many traders.
 
What a beautiful Friday was for DOW, S & P 500, and my favourite NASDAQ. Now the Standard & Poor’s 500 Index is within 10 points of its all-time high. Nasdaq is up for sixth straight day. It looks like just like people like to eat chicken they like to taste some soup as well. Consumers could taste more and more hot beverages too in the coming decade. Campbell soup Company is doing well. Simple people like simple companies. It is not too big to fall. Both Hyatt Hotels Corp and Campbell soup became market movers. It is good to see new market movers in markets. Other wise market could become boring. We could see new market movers time to time in all types of markets such as developed, emerging and frontier markets in the coming years. It is time to identify new market movers before others. It was not a Good Friday for Japanese stocks. In Indian market Tata motors rose more than 3%. In New Zealand Sky City, Telecom, Trade me and OceanaGold stocks etc outperformed other stocks on Friday. We could see some sudden surge in Chinese stocks.

As I said before some pullbacks are opportunities and we should not ignore any market. Because when the bull starts we could miss the train. Many missed the train in the USA, Greece, UAE, UK, Germany, New Zealand, Australia, Philippines and Vietnam etc. Some trains are closer to their current destination and next destination could begin after 2015.These days some frontier markets are having pullbacks. In the meantime I still maintain that we could expect some sort of correction in overvalued markets including stock market in UAE in 2014. Therefore some sort of rotation is very important. There are plenty of undervalued markets, sectors, commodities and currencies in the world. These are great opportunities and some could have life time opportunities.

I believe some frontier and emerging stocks, currencies and their commodities are very attractive on valuations now. Mid term and long term players could benefit lot.
Most of the market players will follow today’s hot stocks and nobody wants to do study on out of favour hidden gems. We could gain some capital gain by identifying correct markets, sectors, currencies and stocks before others. Markets, commodities, stocks and currencies never stay in the same place. Normally many will avoid sick ones. They will go behind hot ones. When sick become healthy it could become too hot and all will go behind it. Many invest through funds and ADRs in emerging and frontier markets although there are opportunities of direct investment in firms or sectors in those economies. Direct investment has flexibility to pick stocks. On other hand funds invest only stocks known by foreigners. So they miss some of the outstanding companies in markets. 10 years back XERO listed in the New Zealand market was a hidden gem. Not many funds wanted to try this beautiful company with beautiful story. Profitable investments can be made by taking a long term investment perspective. Any business takes time to establish and expand.

Just like human beings we should identify personality of the market that we are following. Different market and different stocks have different personality. If we apply correct strategy while having patience and discipline then we are already right in our first stage. In commodity market we can see some sudden surge in silver. Volatility could be normal in the coming years. Still asset prices could go up in the coming decade.

My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions.
 
Just like we had some opportunities in emerging and developed markets sell off we could have some great opportunity in some undervalued frontier markets now. Some frontier markets in Africa and Asia are having pullback and volatility now. It is very interesting. It looks like after strong rally both Pakistan and Vietnam markets are searching for new direction. We could see some correction in 2014 in above two markets as well. In the meantime Chinese stocks are shinning. AUD is hovering around 90c. It is very interesting year for global stock, commodity and currency market in 2014. There could be opportunities and setbacks. At some point even we could see correction in developed markets. UAE market too is looking for direction now. Once we see correction in some developed markets, Will market players take some of their funds to Africa, Asia and South America? Will Brazil shine again? There are so many ways to analyse global markets. Value masters could hide in their great value businesses with great potential in the coming decade. In the meantime the Nasdaq Composite rose for an eighth straight session. NASDAQ too could have correction. In the long run it will shine never before. We can see mixed signals in commodity market. Oil has some short term support now. Soya bean prices could come down more than corn in 2014 and 2015. Beef prices could stay high in 2014. There is a possibility global tea and coffee output could come down in 2014 and 2015. The USA could produce more oil in the future. 2014 is a good period for grain elevators and meat producers. Countries such as New Zealand, Australia, Netherlands and the USA could benefit lot. Once we see lower NZD and AUD some industries could have rapid growth in Australasia.

My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions.
 
What a day!!! Managed to turn substantial profit into substantial loss, grrrr...! As they say, next 1000 trades...
 
What a week of volatility for global markets? We also saw some sell off in stock markets. Now we are in the stage of volatility in all types of markets. These are normal events not only in stock markets but also in other markets such as commodity and currency market. As I said before volatility could become normal in the coming decade. Why do worry about volatility if you could find great businesses before others. We had credit crisis, banking crisis, property crisis, currency crisis and commodity crisis etc in the past. Didn’t markets recover later? Market volatility, pull backs, crash, correction or other types of crisis bring opportunity for other players. Latest noise is tapering. Markets could go down not because of tapering but because of market cycles, and other factors such as over valuation and panic etc. Even tapering is very good for certain industries including Asian export companies. In the meantime Chinese consumers bought over 20 million vehicles in 2013. It is the world’s second-largest auto market. Boeing expects to deliver 140 planes to China in 2014. . Not bad.

There are lot of noises in global markets. They say some top players are betting against S&P 500 and they love put options. According to some they want to forget emerging markets and should look for frontier markets because they are still rising. Some say frontier markets are very attractive. Not all frontier markets are rising. Even in frontier markets we cannot expect bull markets from each and every market at once. Those markets witch had bull markets could have correction. Some could build their base before their great bull markets. Some frontier markets could have volatility and pull backs before their bull market. Some frontier markets could have bull markets instantly.

In the currency market, the pound had its biggest weekly decline against the dollar in three months. Meanwhile Italy’s 10 year government bonds advanced for a fourth week. I found following interesting article on NZD.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11204126

Inside Money: An Irish view of the NZ dollar

In commodity markets I just looked at some of the following forecasts. Corn prices could drop to an average of $3.90 a bushel in the 2014-2015 marketing year from $4.50 the previous 12 month. Soybean prices could average around $9.65 a bushel, down from $12.70 a bushel in 2013-2014, while wheat is seen averaging $5.30 a bushel versus $6.80 the previous year. Cotton prices will fall to 68 cents a pound, down from 76 cents in 2013-2014. Some are expecting grain prices to fall five year lows. According to latest forecast, soybeans, plantings should set an all-time high of 79.5m acres. Who’s right about corn prices? There is considerable difference of opinion about the prospects for future corn prices. According to the USDA projections that the average farm price of corn will be around $3.50 for the next five years. The current futures market indicates average corn price between $4.40 and $4.50 over the next four years. Other projections are very extreme and expect corn price below $ 2.80 for the next five years. More about other commodities, bull currencies and bull markets later.

Finally let us find new market movers, bull markets, bull sectors, bull commodities, bull currencies and bull stocks in the coming years in global markets. 2014 could be year of another opportunity. Have a nice week end.

My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked site.
 
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