FIFO first in first out

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jacal1
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FIFO first in first out

Postby jacal1 » Wed Jul 08, 2009 8:36 am

Has anyone been caught badly with this attached regulation on positions have to be liquidated on first in first out basis.

this cuts ugly on my trading plan but i have not experienced it with Oanda anyone else run into this yet?
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noone22
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Re: FIFO first in first out

Postby noone22 » Wed Jul 08, 2009 11:06 am

jacal1 wrote:this attached regulation on positions have to be liquidated on first in first out basis


Could you give more details about this regulation?
Never heard about it.
Why broker should luquidate your position
(unless you have a margin call, of course)?
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Postby jacal1 » Wed Jul 08, 2009 11:44 am

supposedly it was the FSA that sent out regulation on hedging any hedged positions would be closed at end of day and attached to this regulation was a fifo which seems to make a drawdown plan a very difficult trade

fxdd email said it was started on june 1st
The fear of Jehovah is the beginning of knowledge, wisdom and discipline...Prov 1:7
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Postby monolisa » Wed Jul 08, 2009 11:48 am

noone22,

This should provide some basic info about the matter.

http://www.fxstreet.com/education/forex ... egulation/

The ruling only applicable to US brokers with membership with NFA.

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
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Postby jacal1 » Wed Jul 08, 2009 7:55 pm

hmm seems to be controlling profits

and yes i know it also controlls the losing trade but we all know the house wins seems a little one sided for the ever poorer man
The fear of Jehovah is the beginning of knowledge, wisdom and discipline...Prov 1:7
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Postby Humble » Thu Jul 09, 2009 12:50 am

No more stop losses, no more t/p orders and no more MT4 platform through brokers that have to comply?
Is price closing higher or lower than something? Simple yet powerful question. ..MO
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Postby pierre23 » Thu Jul 09, 2009 1:43 am

I guess us aussies can count ourselves lucky those regulations don't apply to us. But I wouldn't be surprised if they do eventuate here
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Postby Patch » Thu Jul 09, 2009 5:11 am

Don't trust the US Government-dems or repubs

Stand strong. This move is a further loss of my and all of our liberty and freedom. Hedging and shorting isn't hurting the US economy any where near as much as the government deficit spending us into a huge black debt hole we will never come out of. It is time for good men to stand up.jb
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
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Postby Humble » Fri Jul 10, 2009 12:03 am

Interesting that China is stockpiling resource materials whilst it's cheap and the USA is stockpiling debt whilst it's cheap. I wonder which strategy will work best?
Is price closing higher or lower than something? Simple yet powerful question. ..MO
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Postby Patch » Fri Jul 10, 2009 12:57 am

Humble

Somebody hates America and her industrial base. When was the last nuc power plant was built here? In France?

When was the last oil refinery built? Here and else where?

The bottom line, short the USD every time.

Debt is an economy killer. Inflation the knock out blow. Forex trading is more important now for financial survival than its been for a long time. I must live too close to the beltway. jb
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
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