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OANDA fx Trade not Trading

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dinarling
nwrichard
Catherine
clayf
Kevind53
Purpleskyz
Terbo56
chevysteve
glasshalffull
Horizon
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Post by Horizon Thu Jun 14, 2012 8:48 am

I really hope this could be a good sign.....



Submitted by Tyler Durden on 06/13/2012 21:43 -0400

Volatility

From Oanda

Due to the extreme volatility some market analysts foresee could result in the coming days, OANDA fxTrade will not accept any trading activity from 6:00 AM EST until approximately 3:00 PM EST, on Sunday, June 17, 2012. OANDA believes the convergence of a major market event during off-market hours represents a potential trading risk and has taken this rare step to protect traders from excessive rate fluctuations.

Please note that during this halt in trading, you can still access your account details but no trading activity will be accepted. For this reason, OANDA strongly recommends that all traders consider minimizing currency exposures prior to the trading halt.

If you do intend to maintain open positions during this period, be aware that OANDA will hold exchange rates steady during the trading halt. However, when trading resumes, rates will immediately adjust to the current market rate and it is possible that the updated rate could result in a margin closeout if the price has moved significantly against your positions.

Therefore, it is your responsibility to ensure you have adequate funds in your account to prevent a margin closeout.

OANDA apologizes for any inconvenience this may cause.

For more information, please contact a Customer Service representative.

Best regards,

The OANDA team

http://www.zerohedge.com/news/due-extreme-volatility-some-market-analysts-foresee

*****************
OANDA fx Trade not Trading Images?q=tbn:ANd9GcQbUTUwRpDbhT-xIofJl3G31OXoGzOAJS3qKlCApR1lrvZghQYKngbnt9AnaQMakin' Plans...OANDA fx Trade not Trading 7_6_8
 
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Post by glasshalffull Thu Jun 14, 2012 9:48 am

OANDA believes the convergence of a major market event during off-market hours represents a potential trading risk and has taken this rare step to protect traders from excessive rate fluctuations.



Wonder what the heck this means? They don't specify the major market OANDA fx Trade not Trading 761671673 OANDA fx Trade not Trading 567726376 OANDA fx Trade not Trading 2859867778
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Post by chevysteve Thu Jun 14, 2012 10:03 am


Personally, I believe this has more to do with the Greek elections and the situation with the EURO rather than a Dinar RV.

2 years ago I would have pi$$ed all over myself and lost a lot of sleep until then. Today, as far as I'm concerned, Okie or Bulldog may just as well posted this. I know they didn't, I'm just saying, go live your normal life and don't get all worked up.

Something is happening I agree, and I have also verified the article (as best I can anyway) and it seems to be true.

I still think it's the Greek elections and the Euro situation!

That's just me, what do I know? (besides a few good jokes)!!
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Post by Terbo56 Thu Jun 14, 2012 10:24 am

We know- Tell us about it-Laughing
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Post by Guest Thu Jun 14, 2012 10:29 am

I don't think this is rv/dinar related either...BUT I COULD BE WRONG Smile

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Post by chevysteve Thu Jun 14, 2012 10:38 am

@terbo56 wrote:We know- Tell us about it-Laughing


Oh Terbo, you know I will, just give me some time to get caught up with my work and I will be back:)
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Post by Terbo56 Thu Jun 14, 2012 10:40 am

Sorry I mentioned it-affraid Laughing
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Post by Horizon Thu Jun 14, 2012 10:55 am

I am just hoping it is something to do with the RV....that's why I brought it over to hear my friends expert opinions of it!!!!!OANDA fx Trade not Trading 23_33_7

Love my Family here!!!!! OANDA fx Trade not Trading 36_1_37

OANDA fx Trade not Trading 15_8_12


*****************
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Post by Guest Thu Jun 14, 2012 10:56 am

Horizon, thanks Smile

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Post by Purpleskyz Thu Jun 14, 2012 11:25 am

I know that not many of you here spend much time on the alternative sites but the word is all over those sites that something BIG is about to be announced.

Fingers crossed from me that this might be what we all are waiting for.

Let's all of us put out our prayers into the universe and see what happens!

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Post by Terbo56 Thu Jun 14, 2012 11:27 am

We're all with you!!:cheers:
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Post by Guest Thu Jun 14, 2012 11:32 am

@purpleskyz wrote:I know that not many of you here spend much time on the alternative sites but the word is all over those sites that something BIG is about to be announced.

Fingers crossed from me that this might be what we all are waiting for.

Let's all of us put out our prayers into the universe and see what happens!

Something big such as...can you elaborate a little...

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Post by Purpleskyz Thu Jun 14, 2012 11:50 am

I wish I had more info punisher.

Just that major announcements regarding global monetary issues will be announced.

But if I read any other stuff I will for sure post over here. Smile

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Post by Guest Thu Jun 14, 2012 12:02 pm

Thanks buddy.

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Post by Kevind53 Thu Jun 14, 2012 1:18 pm

@chevysteve wrote:
Personally, I believe this has more to do with the Greek elections and the situation with the EURO rather than a Dinar RV.

2 years ago I would have pi$$ed all over myself and lost a lot of sleep until then. Today, as far as I'm concerned, Okie or Bulldog may just as well posted this. I know they didn't, I'm just saying, go live your normal life and don't get all worked up.

Something is happening I agree, and I have also verified the article (as best I can anyway) and it seems to be true.

I still think it's the Greek elections and the Euro situation!

That's just me, what do I know? (besides a few good jokes)!!

I have to agree with Steve, although I might couple a the crappy economic news here to it as well. The markets look not too bad at the moment, but it's obviously a very volatile situation.

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Post by Guest Thu Jun 14, 2012 2:25 pm

I hope things improve and fast.

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Post by Terbo56 Thu Jun 14, 2012 2:40 pm

They will-Let it come to us-Smile
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Post by clayf Thu Jun 14, 2012 3:14 pm

The greece euro thing seems to be the reason (below) Hello:

An email announcing this is currently being sent out but
with the number of traders on record, I'm sure you can appreciate that
it takes some time to get everything through the system. In the
meantime, I've included a followup statement from OANDA's Chief
Technology Officer, Tony Savor, that provides more detail.

Please feel free to contact me directly should you have further questions.

Best regards;

Scott Boyd
OANDA Corporation
370 King Street West, 2nd Floor, Box 60,
Toronto, ON, M5V 1J9 Statement from Tony Savor, Chief Technology Officer, OANDA Corp.
--------------------------------------------------------------------

Yesterday,
OANDA announced that it would halt trading this Sunday, June 17, from
6:00 AM EDT until approximately 3:00 PM EDT. I would like to further
explain OANDA’s reasoning for this action.

First off, OANDA is
the only forex provider that permits off-market, weekend trading. In
truth, volumes during the weekend are much lower than typical trading
days, but OANDA has made this available as a service for its clients
rather than an opportunity to increase corporate revenues.

The
decision to halt trading is very-much tied to the uncertainty in Europe
and in particular, the Greek election. Given these events, there is the
potential for extreme exchange rate volatility at a time when global
currency markets are closed. OANDA’s concern is that exchange rates
could undergo significant fluctuations as the exit polls are being made
public. If these fluctuations are wide enough, accounts that under
normal conditions would be considered well-capitalized, could become
subject to a margin call.


By halting trading and holding the
closing prices steady during this period, we aim to shelter traders from
the potential for price spikes. Of course, once trading resumes, new
market rates will come into effect and while the hope is that prices
will have settled by this time, some accounts may still face the risk of
a margin call.

This is why we have issued a warning recommending
that traders reduce positions if they determine they are vulnerable
from a margin perspective. At the very least, all traders should review
their accounts prior to the weekend and ensure they have sufficient
capital to prevent a margin call when trading resumes at the new market
price.

On a final note, anyone with open positions during this
time, regardless of their choice of forex broker, is at risk when
exchange rates reset upon the resumption of trading. Yes, sending out
this message is to inform our traders of the trading halt, but it is
first and foremost intended to inform the investing community of the
potential volatility in the coming days and to provide sufficient time
to make any necessary adjustments.


Last edited by clayf on Thu Jun 14, 2012 3:17 pm; edited 1 time in total (Reason for editing : higlight)
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Post by Catherine Thu Jun 14, 2012 3:32 pm

Wellllllllll...I for one have become a bit excited from everything I have been reading lately. I am not running around with my hair on fire (who ever came up with that phrase anyhow?!)...no dancing in the streets or anything else like that. However this is the first time in a LONG time I feel kinda excited!!

:cheers: $$$$$$$ COME ON RV!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! $$$$$$$
:cheers:

*****************
COME ON...
RV ALREADY!

OANDA fx Trade not Trading Smiley-happy093OANDA fx Trade not Trading 7_11_117OANDA fx Trade not Trading Smiley-happy093
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Post by chevysteve Thu Jun 14, 2012 3:34 pm

When you put your old Avatar (the one with your picture) back up..... THATS WHEN I WILL GET EXCITED!!!!
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Post by Horizon Thu Jun 14, 2012 4:13 pm

I agree with Catherine....Come on RV.....That's what I'm talking about!!!! I hope this hopeful feeling is for REAL this time...not another let down....OANDA fx Trade not Trading 36_1_36OANDA fx Trade not Trading 7_15_6vOANDA fx Trade not Trading 7_15_5vI am Super Duper Ready!!!!!

OANDA fx Trade not Trading 5_1_120OANDA fx Trade not Trading 5_1_120OANDA fx Trade not Trading 5_1_124OANDA fx Trade not Trading 5_1_124OANDA fx Trade not Trading 5_1_101OANDA fx Trade not Trading 5_1_101OANDA fx Trade not Trading 5_1_120OANDA fx Trade not Trading 5_1_120OANDA fx Trade not Trading 5_1_124OANDA fx Trade not Trading 5_1_124

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Post by Terbo56 Thu Jun 14, 2012 4:20 pm

We have been just like 'Batteries'- Use us once, and then we're N-{ever ready}-Laughing
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Post by Kevind53 Thu Jun 14, 2012 5:46 pm

OANDA fx Trade not Trading Hair-o10

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"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

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Post by Purpleskyz Thu Jun 14, 2012 5:49 pm

I Sing the Body Electric

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Post by nwrichard Thu Jun 14, 2012 9:49 pm

I trade the forex at night. I have accounts at oanda, fxdd, fxcm, and interbankfx.

Today I got this email from fxdd:





OANDA fx Trade not Trading Logo
OANDA fx Trade not Trading Livechat
OANDA fx Trade not Trading Facebook
OANDA fx Trade not Trading Twitter
OANDA fx Trade not Trading Linkedin
OANDA fx Trade not Trading Reddlab








Dear Valued Client,




This coming Sunday, June 17, 2012, will be the Greek legislative elections. This is important regarding the future of Greece as part of the Eurozone. While FXDD does not give specific trading advice, we believe these elections may result in periods of extreme volatility.
We urge you to take every step possible to protect yourself from
potential price spikes or market gaps, including but not limited to:




  • Adding funds to your account to avoid liquidation.
  • Curtailing
    unnecessary exposure, by closing some or all existing positions prior
    to the market close at 4 pm EST on Friday June 15th.
  • Placing stop orders. Please be aware that stop orders may slip if the market gaps or if there is extreme volatility.



The events unfolding in the Eurozone in the following weeks
will be pivotal for the future of the common currency and the nations
involved. Stay current with news announcements so you are aware of
potentially volatile market conditions.




Forexlive.com
is a great news source trusted by individual traders, hedge funds, and
central bankers. Please refer to this, or an alternative source of
information.




If you ever have difficulties in executing a trade we would advise you, as always, to contact us immediately.




If you have any questions, our customer service will be happy to talk to you.







Sincerely,
FXDD



7 World Trade Center, 32nd Floor, New York, NY 10007
Phone: 212.791.3933 Fax: 212.937.3845
fxdd.com
Customer Support Hours:
Sunday 5 PM to Friday 4 PM EST



So those of you who thought it had more to do with the Greek elections seem to agree with FXDD.
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Post by chevysteve Fri Jun 15, 2012 10:11 am

Thanks for the post nwrichard.. Nice to hear from somebody who is in "the know" on this.



Now just a couple of questions if you don't mind:

What can you tell us about "the front screens"??

What can you tell us about the "back screens"??

What can you tell us about the "green screens"??

What can you tell us about the "red screens"??

What can you tell us about the"blank screens"?

What can you tell us about the "flashing green screens"??

What can you tell us about the "flashing red screens"??

What can you tell us about the perverbial "switch thats supposed to be flipped"??

What can you tell us about numbers being "pushed thru the system"??

What can you tell us about the "forex computer glitch that holds up this RV"??

What can you tell us about those "algorithm's" that keep getting out of whack??



Hmmmmmmm, I think thats about it for now. Sorry for the lenghty post, just trying to clarify a few things.

I suspect your answer will be way shorter than all of my questions. I believe it will go something like this:

Dear Chevy, It's all Bulls**T!! 8) 8)
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Post by nwrichard Fri Jun 15, 2012 10:22 am

Dear Chevy, yep you got it. I will make a little more lengthy post later today for you.
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Post by chevysteve Fri Jun 15, 2012 10:27 am

@nwrichard wrote:Dear Chevy, yep you got it. I will make a little more lengthy post later today for you.



Thank You my friend. Very Happy
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Post by Guest Fri Jun 15, 2012 11:00 am

nwrichard, was that email good or bad news for our investment...or just nothing at all to do with the dinar/rv?

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Post by Kevind53 Fri Jun 15, 2012 1:28 pm

Hey Chevy I found the algorithm ...

OANDA fx Trade not Trading Gator10

Oops my bad ... I keep mixing those two up ...

*****************
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"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

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Post by dinarling Fri Jun 15, 2012 1:56 pm

Shoot Fire! That danged algorithum started running before I got banned.

Dadburned computers just can't trust 'em.

Now johnnywg.....thar's somebody you can trust!
lol! lol! OANDA fx Trade not Trading 949729897 lol! lol!
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Post by Terbo56 Fri Jun 15, 2012 1:58 pm

Yup- OK-scratch scratch affraid
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Post by nwrichard Fri Jun 15, 2012 9:28 pm

Punisher, I don't know if it was good or bad, I can say I have never seen anything like the email before so something has them spooked.

Chevy here is what I can tell you about all the screens for the forex. To the best of my knowledge there are only two screens. The one all of the normal traders get to see and the one the traders large enough to see the real forex get to see. To explain, when 99.9% of the people trade the forex they trade through a broker. The broker doesn't even have to be a bank. That broker can set their own spreads and prices within some limit which I don't know what it is. They can deviate from the actual price on the real forex and have actual programs where they can set features on how aggressively they can cause you to loose a trade.They only have to reflect the real forex price twice a day, any other time they can have their price. That is why if you have two broker's platforms up at the same time they could quote a different price from each other. It doesn't matter if you put in a buy or sell order, the broker must take the opposite side of your order. They get paid on the spread and they get paid when you loose. That is why I have more than one account so when one seems to be loosing more than it should I give it a rest and use another account.

The other screen is reserved for those who actually trade the real forex. Those are people who have over one million in their accounts and have made arrangements with their banks to have a direct feed to the real forex. They do not get any leverage as those trading with brokers do. There was a time you could get 400:1 leverage with a broker. If you are on the real forex it is 1:1. The real forex moves much more slowly than those of brokers and as such you have a much better chance of making real money.

Bank screens and the such I don't know if they exist or not, i choose to believe they don't, at least in the way some of the gurus would have us believe they do and if they did exist the guru certainly would not be privy to it.

If you want to see for yourself, anyone can open a demo account for free. Then you can do real time trades with fake money to get used to it. But beware, even if they deny it I believe they have different servers for the demo accounts as I ran a demo account and a live account with the same broker at the same time with the same trades and the live accounts lost 45% more than the demo did. Funny how that works. At least a demo account will give you an understanding of what some of the people are saying and will help you decide for yourself if they are fact or fiction. But DO NOT TRADE LIVE. Unless you have done lots of practice and study. Don't get sucked in by a high win ratio on a demo account.

I hope that helps a little. I am waiting for Sunday to see what happens, but if you remember my post before we split from Okie and many other posts got flushed, I don't believe it is happening this month.
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Post by Guest Fri Jun 15, 2012 9:41 pm

THANKS for the reply...it might not happen this month but maybe JULY 1ST/2ND Wink

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Post by Kevind53 Fri Jun 15, 2012 10:59 pm

Like you I wait for Sunday ... everything I see tells me it's strictly a Greece/Euro thing, maybe with a little Spain/Italy angst mixed in for "fun". Time will tell ... and only time will tell.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

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Post by chevysteve Fri Jun 15, 2012 11:43 pm

Thank you for sharing this nwrichard. I appreciate you taking time to respond. Also, I think I will take your advice and leave the forex to the pro's.
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OANDA fx Trade not Trading Empty Re: OANDA fx Trade not Trading

Post by Guest Fri Jun 15, 2012 11:50 pm

Sunday it is...

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Post by Terbo56 Sat Jun 16, 2012 8:57 am

Punisher-scratch scratch OANDA fx Trade not Trading 576492484 OANDA fx Trade not Trading 858978640 OANDA fx Trade not Trading 252703917 OANDA fx Trade not Trading 3614774015{Laughing }


Last edited by terbo56 on Sat Jun 16, 2012 9:33 am; edited 1 time in total
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Post by Guest Sat Jun 16, 2012 9:46 am

@terbo56 wrote:Punisher-scratch scratch OANDA fx Trade not Trading 576492484 OANDA fx Trade not Trading 858978640 OANDA fx Trade not Trading 252703917 OANDA fx Trade not Trading 3614774015{Laughing }

To find out what all this is about (maybe).

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Post by Terbo56 Sat Jun 16, 2012 9:50 am

Ok, Now I see what your sayin-Let's hope for the best,keep everything crossed, and then maybe, just maybe, we'all can celebrate? Whaddya think??Very Happy :cheers:
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Post by nwrichard Sat Jun 16, 2012 10:47 am

I think Very Happy :cheers: OANDA fx Trade not Trading 761671673 OANDA fx Trade not Trading 761671673 OANDA fx Trade not Trading 761671673 OANDA fx Trade not Trading 1815401988
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Post by Guest Sat Jun 16, 2012 12:21 pm

@terbo56 wrote:Ok, Now I see what your sayin-Let's hope for the best,keep everything crossed, and then maybe, just maybe, we'all can celebrate? Whaddya think??Very Happy :cheers:
bigsmile

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Post by SEBtopdog Sat Jun 16, 2012 12:32 pm

@purpleskyz wrote:I know that not many of you here spend much time on the alternative sites but the word is all over those sites that something BIG is about to be announced.

Fingers crossed from me that this might be what we all are waiting for.

Let's all of us put out our prayers into the universe and see what happens!

The way things have been going, purpleskyz, when I hear "something BIG is about to be announced" I start wondering if it's time to head for the fallout shelter. Razz

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OANDA fx Trade not Trading Bump~0 Will someone please let the RV Widget out of the jar?
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Post by nwrichard Mon Jun 18, 2012 7:26 am

Now that Sunday has come and gone we can rest easier knowing the forex was shut down for the greek vote and not the RV. The only thing I don't know is who called the bank to stop it??? Very Happy OANDA fx Trade not Trading 567726376 OANDA fx Trade not Trading 761671673
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Post by Kevind53 Mon Jun 18, 2012 7:37 am

I don't think anyone here thought it was for the RV. Everyone was pretty clear with that ... even most of the roo's didn't go there.

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Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

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Post by Ssmith Mon Jun 18, 2012 9:04 am

nwrichard.... Thank you for the Forex info. Interesting to read about the broker's spread.
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OANDA fx Trade not Trading Empty Re: OANDA fx Trade not Trading

Post by Catherine Mon Jun 18, 2012 9:50 am

@nwrichard wrote:Now that Sunday has come and gone we can rest easier knowing the forex was shut down for the greek vote and not the RV. The only thing I don't know is who called the bank to stop it??? Very Happy OANDA fx Trade not Trading 567726376 OANDA fx Trade not Trading 761671673


blush Ok...it was me! I couldn't help it nwrichard.

*****************
COME ON...
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Post by nwrichard Mon Jun 18, 2012 9:54 am

Catherine, love your avatar
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Post by Guest Mon Jun 18, 2012 9:58 am

@nwrichard wrote:Now that Sunday has come and gone we can rest easier knowing the forex was shut down for the greek vote and not the RV. The only thing I don't know is who called the bank to stop it??? Very Happy OANDA fx Trade not Trading 567726376 OANDA fx Trade not Trading 761671673

That's over...

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Post by Catherine Mon Jun 18, 2012 10:28 am

@nwrichard wrote:Catherine, love your avatar

Thanks!

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COME ON...
RV ALREADY!

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