What was Friday's Hi on Cable?

[ultra7]

Hi Guys

MT from Apari feed shows High at 1.8460, at about 1730 GMT. Friday is 13th, right??)

Why are there are different Highs from one another?

How on earth, am I going to trade this way???

ultra7

[Flipside]

Ultra7

No the friday I was concerned about was the 6th. After NFP many plateforms went down and I wanted to clarify what the actual hi was on that day.

Sorry for causing any confusion

[ultra7]

Oh, ok.

Im sorry too, coz I miss the date of your post...really dumb of me.. so its me again and not this Alpari platform)

I knew that diferrent brokers/feeds, esp. from different timezones, registers their prices differently..BUT only slightly...1-3 points, it seems....BUT not more, shouldnt be.

ultra7

[rezo_s]

Originally posted by MickMason


LOL

Between them and Refco who cancel orders of winning trades this business is seriously going to the dogs!

Mick

exactly... and the impression is that the only way out of it is to work directly with interbank or single bank proprietary platforms, where there will be no such things... unbelievable - cancelling the trade... at least there you know that once you executed you are really executed and not depending on broker to cancel the trade in 3 hours.

yes, customer support is on different level there, spreads during volatile market are wider, no guaranteed stops... but as you said Mick: "this business is seriously going to the dogs"... at least it seems like it is...

[MickMason]

Hi rezo_s

But where will it end? I can see a purge of new legislation, here in the UK more than the US, the FSA are not ones to stand by and do nothing or pander to the wishes of these sharks. The bucket shops will hopefully be forced to close shop, the big market makers will get bigger and competition for the shrinking number of traders will be fierce.

Interbank would only interest me if spreads were fixed, maybe one day, huh?

Ah well, back to the grindstone...anyone trading the CPI numbers? Heck, trade it with Refco, you can cancel your trade later if it's a loser, they do!

Mick

[rezo_s]

Originally posted by MickMason
you can cancel your trade later if it's a loser, they do!

ye - why cannot we do it if they can?

as for fixed spreads on interbank - I don't think so - its all about offer/demand, and in times of volatile market there is a lot of hesitation on the market - therefore it will never get to be fixed like with retail brokers who "take risks and offer fixed spread"

you know what's the excuse for the brokers when you ask them about wider that on interbank market spreads? this is their answer - we take risk and offer set spread - that's something you wont find on interbank... so if they take the risk - now apparently they don't want to pay for that risk

Rezo

[rezo_s]

to get more into this topic, they actually claim that they offset their trades with interbank and in order to be able to do that with clients orders coming in, they have to have wider spread in order to be physically able to do that... they (Refco) claim there was a mistake on NFP day - their problem. Why would they take money from the clients for that...? even someone used the situation - is it traders fault? did the trader make something wrong if he saw Refco offering something at good price and bought it...? nope...

[MickMason]

They told me the same thing, I think they probably regret their decision now.

Any word from the trader as to whether he got his profits back?

Mick