Thanks for pointing that out. I thought I had included Forex in my previous post on what's not covered by SIPC, but realized I only listed futures and options. As far as IB's 5 Billion equity capital figure, I'm basing it off their last ...

Dukascopy

Tax evasion is not smart, which you will find out if you are caught and discover how much the fines, penalties, and interest can cost you. (Besides becoming a target for audits the rest of your life.) Anyone trading real money doesn't think this ...

Dukascopy

I guess you didn't read my post. I trade across multiple brokers. IB is the only one that isn't a bank. As far as a broker diversifying their funds across multiple banks and treasuries, or creating internal silos to separate risk, most traders I ...

Dukascopy

You're focusing on the wrong thing. Investor Compensation is not the main priority. One of my brokers, Interactive Brokers does have SIPC protection, but it doesn't cover Futures or Futures Options. They have 5 Billion in equity capital and strict ...

Dukascopy

Yes, I'm already aware of Andrey Duka and Veronika Makarova and their history. Mr. Prensilevich is not as well known to many traders. Whether Dukascopy is run by Russian interests or not isn't an issue for me, transparency is. When information ...

Dukascopy

bellieres, Concerning Mr. Prensilevich, I didn't realize Russian was his second language. His speaking skills are quite good. I also didn't realize Dukascopy had things structured so if a client were to open an account through an intermediary like ...

Dukascopy

I understand Dukascopy is a registered Swiss bank and that the principles would have to establish residency there. I was under the impression Dukascopy was a Russian Brokerage because Bogdan Prensilevich, the Dukascopy Chairman is Russian. My ...

Dukascopy

Yes. I only trade futures, the emini, and commodities. At least you have CFTC protection and some recourse in the event a problem arises with the broker. if you have Spot checked off on your account, it opens the door to a lot of liabilities with ...

Dukascopy

Who said client funds are segregated at Dukascopy? Most standard accounts aren't segregated. Unless you have an actual bank account in your own name on deposit with Dukascopy, your funds are commingled under the IB's name. So in theory, your funds ...

Dukascopy

TradeStation was the frontend software that Gain Capital used to rip it's clients off. In 2010 the NFA ordered Gain Capital to pay a $459,000 fine and alleged that Gain engaged in abusive margin, liquidation and price slippage practices that ...

Dukascopy

hi Hussin, It's great to meet traders who are serious about candle charting. Thank you for starting this thread.

Daily candle chart

yes! still holding my Gold shorts. all I can say is ...lol edit: closed here. what a thing of beauty that was.

Daily candle chart

As a pattern the On Neck has a slightly better chance than break even of working out. This is probably because a Takuri Line is a strong signal of buying pressure which can often outweigh the candle body open or close. It probably wouldn't have ...

Daily candle chart

It's not just the wicks that would invalidate the hammer reversal signal. If the candle closes with a small wick on top and the candle opens below the previous candle close, it's a Bearish Neck in Line (like in the first chart below). If the candle ...

Daily candle chart

Yes, everything is very heavy at the moment. Not looking for longs down here. I was looking for an intraday exit on Aussie, so got out at the 4 hour consolidation lower trendline 9836. (it might have been early) Gold is testing the daily break out ...

Daily candle chart

AU could bounce here. 1.9836.

Daily candle chart

Hi Bones. thanks. yes, I'm a candle trader but I use channels and trend lines too. I'm happy I found this thread. people's charts are very clear here. here's my weekly Gold chart. the area between 1572.9 and 1599 is the consolidation zone so we need ...

Daily candle chart

Nice entry on your long. I'm terrible at typing while I trade so I couldn't reply earlier. The Gold chart weekly pin suggests we should start trending up, but the Daily hadn't flipped bullish yet. I don't like getting caught in the cross chop so no ...

Daily candle chart

On the 4 Hour chart (London Open candle start), the Upper Channel Line was respected on every tap before the drop back to 1573 Friday Daily Open Support Line.

Daily candle chart

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Challenging a Loser