lukx zline trading log + cfabian p.35 + adaseb p.48

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es/pip
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Postby es/pip » Thu May 06, 2010 7:56 pm

newark18 wrote:is anyone else having mb trading issues? I couldn't close out a position and lost $3k as a result. Has this happened to anyone else? Is there something I can do?

Also, I kept hearing the reps say that this is FU. And I heard one of them say that this might be the end. The end of what I dunno. But some people are getting screwed.



which platform were u using

i was using ninja trader
Bend over and assume the position for another 4 years of hope and change.

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newark18
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Postby newark18 » Thu May 06, 2010 8:09 pm

navigator
Failure is an opportunity to learn.

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adaseb
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Postby adaseb » Thu May 06, 2010 8:20 pm

zapzinig wrote:Procharged mentioned a 5sec chart a while back in his thread. I have been watching price react at key areas like zlines and daily extremes.

This is what the GU H1 zline looked like at 1.5075 today on a 5 sec chart


Image


Blue boxes are moves of 10 pips in 10 sec. When they occur at the at key SR points, and psychological numbers AND price continues to move in that direction price usually moves 125 pips or more from that initial 10 sec/10 pip surge

Image



Image


Trading away from a line (the daily low):

Image


EJ 10 min 140 pips:

Image



here is where you can get the flexchart expert advisor that produced these 5 sec charts for mt4:
http://www.forexfactory.com/showthread.php?t=222230 post #7

More about trading 5sec chart momentum at key areas:
http://www.forexfactory.com/showthread.php?t=156106

--ZZ


Where did you get the 5sec/10sec data?

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Postby prochargedmopar » Thu May 06, 2010 8:24 pm

I guess mbtrading is belly up eh?

It won't close open position and it's been over an hr.
I'm +235 atm.

I drained the fxdd account, it's still working great.

Made about +50% of what was lost in a few trades with fxcm and then it went bonkers too.

Funny that the mt4 buckets keep working perfectly.
LOL
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

spa
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Postby spa » Thu May 06, 2010 8:26 pm

pro..talking about demo's or live accounts? significant difference regarding the market conditions...

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Postby adaseb » Thu May 06, 2010 8:27 pm

They are saying that all this havoc was caused by a trader mistaking a million for a billion.

http://www.cnbc.com/id/36999483

They sold a billion shares of Proctor and Gamble which was on the DOW, and in turn all the indices and currencies followed.

A lot of people lost their entire trading accounts today most likely due to margin calls.

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es/pip
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Postby es/pip » Thu May 06, 2010 8:31 pm

newark18 wrote:navigator



were your orders out and didn't fill, or you couldn't put out any orders?

as soon as i get in a position my orders (exit and stop) go out that same exact time and i just move them

so if i get in a trade i have a stop that is entered at the same exact time


again though i wasn't trading when it was ballistic
Bend over and assume the position for another 4 years of hope and change.

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newark18
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Postby newark18 » Thu May 06, 2010 8:54 pm

I placed orders to close the position and they wouldn't close. Today was just crazy. I just need to forget about it. Worked hard from last night to this morning to make about 200 pips. My best stretch ever. This error caused me to go on tilt and ended up losing a ton. I had many opportunities to make it back but held the positions for too long and due to the volatility I ended up losing. Lessons learned I guess.
Failure is an opportunity to learn.

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Postby adaseb » Thu May 06, 2010 9:02 pm

newark18 wrote:I placed orders to close the position and they wouldn't close. Today was just crazy. I just need to forget about it. Worked hard from last night to this morning to make about 200 pips. My best stretch ever. This error caused me to go on tilt and ended up losing a ton. I had many opportunities to make it back but held the positions for too long and due to the volatility I ended up losing. Lessons learned I guess.



I heard of people having problems liquidating positions typically at the close of the NY session with MB.

What time did you have this problem?

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newark18
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Postby newark18 » Thu May 06, 2010 9:12 pm

much earlier than the close. I think it was due the the speed and volatility of the market or at least that is the excuse that I got. They are unwilling to make me whole.
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